137Has 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…
Category: Business
Cell C announces JSE listing
156 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
134 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
125 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
118 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
213 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…
iPhone chip to power Apple’s upcoming budget MacBook
109 The MacBook Air is Apple’s current cheapest laptop Apple is preparing to launch a budget Mac in the first half of next year, entering the low-cost laptop market for the first…
BLSA warns Operation Vulindlela implementation momentum is slowing
125 Private sector investment is accelerating to its strongest levels in over a decade, while public sector investment stalled despite a budget of R1 trillion. Business Leadership South Africa (BLSA) has warned…
In the month before Christmas, South Africans get low fuel prices but a lot of debt
116 As the year comes to an end, disappointed consumers are wondering what happened to their financial optimism at the beginning of the year. Although there will be relief at the pumps…
Pension funds adjudicator says rules are still misunderstood
106 The two-pot retirement system recently passed the one-year mark after its implementation on 1 September last year. Although the two-pot retirement system has been running for just more than a year,…