82 From left, Romeo Kumalo and Gil Oved LLH Capital, a private equity firm led by Romeo Kumalo and Gil Oved, sold down a significant portion of its stake in Optasia during…
Category: Business
Can Shoprite’s ChicRite dominate the fast-food industry in SA?
89 Shoprite said it is not looking to compete in the fast-food industry, but merely offering its customers convenience Shoprite Group, a major player in the grocery retail sector, has been quietly…
‘World will benefit from choice’ in AI chips
90 Amazon Web Services CEO Matt Garman Making more choice available to customers for their AI computing needs is at the core of Amazon Web Services’ chip procurement strategy, which includes designing…
South Africa faces ‘triple-edged sword’ as AI fuels next-gen cyber threats
84 South Africa’s cybersecurity services industry is set for explosive growth, with market revenue forecast to R16.5-billion by 2029, according to BMI TechKnowledge Group’s SA Cybersecurity Services Report 2025. The research projects…
ArcelorMittal ceases production at Newcastle, still no rescue in sight
115Has spent the R1.683bn facility provided by the IDC intended to delay its closure. ArcelorMittal SA (Amsa) says it has ceased long steel production at its Newcastle plant and placed most of…
Cell C announces JSE listing
130 Cell C Holdings has announced its intention to list on the JSE, a move the mobile operator said will streamline its balance sheet, elevate its brand and support its next phase…
How Trade Link ensures retailers bank the cash around the clock
109 Trade Link CEO Ahmed Laher Retailers and their banks across South Africa are moving away from cash and into the mobile, agile world of Android payment systems. As they do, payment…
Tshwane won’t appeal order to backdate salary increases
104 But this is a R2bn shock ‘it cannot withstand’. The City of Tshwane on Tuesday afternoon announced that it will implement the bargaining council ruling made the previous day and pay…
Roelof Botha steps down as head of Sequoia Capital
97 Roelof Botha Roelof Botha, the South African venture capitalist who has enjoyed significant success in the US, is stepping down as managing partner of Sequoia Capital. The Financial Times reported on…
Acer AiTV arrives in South Africa, bringing 4K Google TV and AI-powered entertainment home
162 Acer Africa has officially launched the Acer AiTV, a compact, intelligent streaming device that turns any television into a 4K, artificial intelligence-enhanced smart entertainment hub. This marks a global first for…