424 In a move that will give the family less oversight of Pick n Pay, Gareth Ackerman resigned as chairman on Tuesday. Pick n Pay is entering a new era. For the…
Category: Business
Trump, Ramaphosa reopen dialogue as tariffs hit
370 US President Donald Trump President Cyril Ramaphosa and his US counterpart Donald Trump spoke by phone on the eve of the introduction of Washington’s punitive new tariff regime. The call signals…
Intel shares dive as Trump calls for CEO’s immediate exit
403 Intel CEO Lip-Bu Tan. Anna Wang/Reuters US President Donald Trump called for the immediate resignation of Intel’s new CEO, Lip-Bu Tan, saying he was “highly conflicted” after questions arose about his…
UK man’s 12-year quest to recover $900m bitcoin lost in landfill site
381 James Howells accidentally threw away his hard drive, containing 8 000 bitcoin 12 years ago and the council turned down his offer to purchase the landfill site. Now he has a…
Vodacom says it has made South Africa’s first 5G voice call
404 Vodacom on Thursday said it has placed South Africa’s first “native” voice call on 5G – known as Voice over New Radio, or VoNR – using a test network. The technology…
TFG’s online strategy pays off as Bash shines
461 Good growth at online fashion retailer Bash has helped lift the contribution to The Foschini Group’s Africa sales to 7%, the retail group said in a trading update on Thursday. The…
Government under fire for splashing on employees’ salaries
315 ‘For us to effectively compete with the Chinese, our salary structure must be similar.’ Critics slam the South African government for allowing many of its employees to take home millions in…
‘People moved on’: Starlink falters in key African market
400 A Starlink terminal Some Kenyans turned to Elon Musk’s Starlink satellite communications service after the government tried to restrict access to the internet during last year’s protests that left more than…
MTN signals earnings revival – shares up 112% in 12 months
409 MTN Group said on Thursday that it expects to report a huge growth in earnings in the first half of its 2025 financial year, to June, with headline earnings per share…
17% of SA’s electricity consumed by a few giant consumers – at huge discounts
397 Among them is South32, which owns the KZN Hillside aluminium smelter. It’s 2025 discount could subsidise electricity costs of nearly 700 000 households. A recent investigation by Open Secrets laid bare the sweetheart…