175 ‘This was a necessary decision. Nestlé’s values and governance are strong foundations of our company.’ Swiss multinational food and drink company, Nestlé, has fired its CEO, Laurent Freixe, after an investigation…
Category: Business
Job losses, management shake-up at Huge Group
239 Huge Group, the telecommunications investment company that attempted unsuccessfully to acquire software services company Adapt IT in a hostile takeover, is cutting jobs and restructuring its management team. In a statement…
Silicosis class action payouts hit R2.2bn
337 Over half went to SA mine workers who contracted silicosis, and 42% to former workers from Lesotho. It’s been seven years since the groundbreaking silicosis class action case was settled in favour of…
From Trump to TikTok: how digital platforms bend the rules of politics
236 Digital platforms have become the essential infrastructure of modern life. They power everything from our group chats to businesses, shopping, election campaigns and emergency coordination. They instantly connect us and continuously…
Godongwana and Kganyago bury hatchet over inflation target of 3%
240 South Africans do not have to wonder any more if there will be a new inflation target and when it will kick in. Although it looked as if Finance Minister Enoch…
Engie Kathu CEO steps up to drive South Africa’s independent power agenda
255 Precious Mmabakwena Edward The department of electricity & energy has appointed a new head of the Independent Power Producers Office (IPPO). Precious Mmabakwena Edward, who started on Monday, brings considerable experience…
the trends one year on
306 Alexforbes paid out R9.5 billion in the first year of the two-pot retirement system, with 70% of members withdrawing for a second time. Since the two-pot retirement system was introduced exactly…
Manufacturing dips below 50 points as US tariffs weigh on demand
238 Despite this decline, it is worth noting that the average PMI for the third quarter is currently 50.2 points, compared to 45.4 for the second quarter. Manufacturing PMI in August 2025…
Cyber crooks cashing in as ATM attacks decline
236 The rate of banking sector-related contact crimes such as branch-before-deposit and ATM-after-withdrawal robberies are in sharp decline as criminals find higher rates of success through digital means to defraud people. According…
Capitec Bank loses its crown as Africa’s most valuable bank. Here’s the new ranking
239 Last week, Capitec’s market capitalisation reached R424 billion, overtaking FirstRand as Africa’s most valued bank. Capitec Bank, established in 2001 and listed on the Johannesburg Stock Exchange (JSE) in 2002, dethroned…