94 The youth continue to bear the brunt of unemployment, remaining the most vulnerable group in the labour market. Statistics South Africa (Stats SA) has released the latest employment figures, showing an…
Category: Business
MTN to buy back its own cellular towers in R35-billion deal
111 MTN Group CEO Ralph Mupita MTN Group has agreed to acquire the shares in IHS Towers that it does not already own, in a deal that would see Africa’s largest mobile…
More drama in Warner Bros tug of war
108 Image: Reuters Warner Bros Discovery has rejected Paramount Skydance’s latest US$30/share hostile takeover bid, but is giving the Hollywood studio seven days to see if it can come up with a…
Woolworths promises no jobs are at risk as it tests self-service till
106 Grocery retailers in South Africa are testing self-service checkout tills, signalling a shift toward automation that could reshape operations and customer experience. Woolworths is the latest to pilot a self-service checkout…
Icasa gears up for South Africa’s next big spectrum auction
103 Icasa CEO Tshiamo Maluleka-Disemelo Communications regulator Icasa expects to appoint a service provider, or providers, next month to run South Africa’s next major radio frequency spectrum auction. However, the regulator has…
Eskom unions spurn above-inflation wage offer
90 Two of South Africa’s biggest trade unions have rejected an improved 6% salary increase offer from state-owned power utility Eskom, their representatives said on Tuesday. Eskom has dragged on the economy…
SA firms turn to automated dispatch as crime perception soars
100 Six South African cities rank among the worst in the world for perceived crime. The problem is not that security companies fail to respond but rather how long it takes them…
Phasing out prime rate doesn’t mean lower loan repayments, but more transparency, says Sarb
92 The prime lending rate has been set 350 basis points above the repo rate since 2001. The South African Reserve Bank (Sarb) has tabled its proposal to remove the prime lending…
iOCO goes desert storming with Saudi Arabia cloud expansion
82 Richard Vester Johannesburg-listed technology services group iOCO has expanded its operations in Saudi Arabia, growing its cloud practice in the region through a partnership with Amazon Web Services. The expansion is…
Blu Label lands electricity trading licence from Nersa
85 Blu Label co-CEO Mark Levy BluEnergy Trading, a subsidiary of JSE-listed Blu Label Unlimited Group, has been granted a multi-year energy trading licence by energy regulator Nersa, allowing it to buy…