@BuzinessX Business Explainer
Business Explainer posts on X about south africa, business, investment, strong the most. They currently have [------] followers and [----] posts still getting attention that total [-------] engagements in the last [--] hours.
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Social Influence
Social category influence finance countries automotive brands stocks technology brands travel destinations luxury brands celebrities social networks fashion brands
Social topic influence south africa #307, business #383, investment #2540, strong #1806, ceo #3341, finance #3663, debt, acquisition, bank #357, china
Top accounts mentioned or mentioned by @thebrieflive @thegeopol @grok @cecil_x_lion @300bars @ushanks_udon @mbuso_siera @kgabungthabang @jeslllll @20 @trudimakhaya @gmailcom @tshikululu @wedesignza @wedesignsolutionscoza @tradedepothq @realdonaldtrump @elonmusk @desteagovza @etdpsetaorgza
Top assets mentioned Alphabet Inc Class A (GOOGL) Tesla, Inc. (TSLA) British American Tobacco (BTI)
Top Social Posts
Top posts by engagements in the last [--] hours
"Nigerias Vice President recently hosted a team of young girls who won gold at the World Technovation Challenge in the Silicon Valley San Francisco. Their innovation was an app called the FD-Detector which helps tackle the challenge of fake pharmaceutical products in Nigeria✊🏾"
X Link 2018-09-18T12:15Z 27.7K followers, [--] engagements
"#FromAnotherMother This is Kofo Akinkugbe Founder & CEO of SecureID Nigeria Ltd a market leader in smart card technology and digital security. Her company serves [--] countries across #AFRICA and is fully certified by VISA Verve and MasterCard ✊🏿"
X Link 2018-09-29T11:05Z 27.7K followers, [--] engagements
"#DidYouKnow All of Africa except for Ethiopia and Liberia were colonised by foreign powers during the "Scramble for Africa." The "Scramble for Africa" occurred during the period of New Imperialism between [----] and 1914"
X Link 2018-10-02T16:05Z 27.7K followers, [--] engagements
"#FromAnotherMother Hilda Moraa from Kenya is the founder and CEO of Pezesha a peer-to-peer micro-lending marketplace for #AFRICA that provides access to affordable financial services and credit scores to low-income borrowers"
X Link 2018-10-17T10:05Z 27.7K followers, [--] engagements
"#FromAnotherMother Dr Tshepo Mogapaesi has joined the league of extraordinary African Women with a PHD. At [--] she achieved this great feat graduating from the North-West University with a PhD in law. She's currently a Lecturer at the University of Botswana👏🏿💪🏿"
X Link 2018-11-01T08:46Z 27.7K followers, [---] engagements
"5 initiatives helping #startups in Botswana 1/ Government financial intervention and targeted interventions 2/ Quick turnaround time in SMEs insolvency 3/ Diversification of agricultural products 4/ Institutional support agencies 5/ Coordination of SME policies"
X Link 2018-11-15T16:00Z 27.7K followers, [--] engagements
"Five Ways Your #startup Can Survive in Todays Economy - by @trudimakhaya 1/ Watch your pricing 2/ Keep a long-term view 3/ Focus on cost-cutting measures 4/ Focus on innovation and growth 5/ Expand sales in high growth markets in the rest of the Sub-Saharan #Africa (SME SA)"
X Link 2018-11-20T13:04Z 27.2K followers, [--] engagements
"AI tech startup Cortex Logic secures investment to grow business beyond Africa Cortex Logic is an African Artificial Intelligence (AI) software and solutions company that helps businesses solve complex business problems using the power of AI. http://www.cortexlogic.com http://www.cortexlogic.com"
X Link 2019-02-11T19:00Z 27.5K followers, [--] engagements
"African business opportunities that made more millionaires in 2018: 1/ FinTech 2/ Film & Movies 3/ Sports Betting 4/ Digital Healthcare 5/ Renewable Energy 6/ Urban Transportation 7/ Pay TV 8/ Food Processing 9/ Real Estate 10/ African Fashion 11/ Startup Funding"
X Link 2019-02-24T14:05Z 42.3K followers, [---] engagements
"Highest internet charges in Africa on every GB of data used 10/ Angola $9.94 9/ DR Congo $10.00 8/ Mali $10.27 7/ South Africa $10.34 6/ Namibia $10.86 5/ Republic of Congo $11.97 4/ Chad $13.60 3/ Swaziland $21.86 2/ Zimbabwe $25.00 1/ Equatorial Guinea $35.47"
X Link 2019-03-06T17:00Z 27.7K followers, [---] engagements
"Victoria Falls"
X Link 2019-04-14T07:59Z 44.8K followers, [---] engagements
"The Capital Market Authority Rwanda (CMA Rwanda) announced that it has formed a partnership with the UKAID funded Financial Sector Deepening Africa (FSD Africa) to strengthen Rwandas Capital Markets. http://ow.ly/WRjh50tE5V2 http://ow.ly/WRjh50tE5V2"
X Link 2019-05-02T09:55Z 27.8K followers, [--] engagements
"Zoe Dlamini-Sas is an entrepreneur from eSwatini now sharing knowledge of African culture in the Netherlands. zoezuluproductions@gmail.com"
X Link 2019-06-28T06:10Z 27.6K followers, [--] engagements
"Federal Govt recently made a deal with the Govt of Mali to buy vehicles from Nigeria and Mali purchased [---] SUVs from Innoson. With ProForce Armoured Vechicles Innoson and truck plants in Kano Nigeria has a great opportunity of replacing Japan in Africa"
X Link 2019-07-20T06:10Z 39.5K followers, [---] engagements
"Unlocking commodities exchange potential in Nigeria https://bit.ly/337GeaT https://bit.ly/337GeaT"
X Link 2019-10-08T20:11Z 27.6K followers, [--] engagements
"2020 best companies to work for in South Africa 10Sasol 9SAP 8JTI 7Nestle 6EY 5Unilever 4Tata 3Accenture 2Vodacom 1Microsoft Source: Top Employers Institute"
X Link 2019-11-22T15:23Z 44.8K followers, [--] engagements
"Congratulations to Ethiopian startup Gebeya for raising $2 million in seed funding https://bit.ly/3bvo8V1 https://bit.ly/3bvo8V1"
X Link 2020-02-11T14:15Z 27.6K followers, [--] engagements
"South African bank launches tool to improve mobile banking security https://bit.ly/2uxLf0E https://bit.ly/2uxLf0E"
X Link 2020-02-27T16:15Z 26.7K followers, [--] engagements
"Siemens Gamesa has sealed a contract to build the first renewable energy installation in the Republic of Djibouti https://bit.ly/32PyRWy https://bit.ly/32PyRWy"
X Link 2020-03-05T08:04Z 27.1K followers, [--] engagements
"Become a Successful Entrepreneur; 1Get online or be forgotten 2Outsource tedious tasks 3Automate processes with #technology 4Use videos to market your business 5Try networking 6Develop a personal brand 7Improve your #PublicSpeaking 8Manage your cash flow"
X Link 2020-03-09T12:03Z 26.6K followers, [--] engagements
"MUST SEE Social investment fund manager @Tshikululu has initiated a project to map the interventions of social investors throughout South Africa. The map is now live on the website and already includes social investments totaling R 1.6-billion. https://tshikululu.org.za/ https://tshikululu.org.za/"
X Link 2020-07-30T15:11Z 27.8K followers, [--] engagements
"Get a smartphone app for your business @WeDesignZA Make contact today: info@wedesignsolutions.co.za"
X Link 2020-11-07T10:01Z 27.5K followers, [--] engagements
"LAUNCHED: Ground-breaking entertainment platform in South Africa https://bit.ly/2In7j56 https://bit.ly/2In7j56"
X Link 2020-11-11T08:02Z 27.7K followers, [--] engagements
"e-commerce strategy - Choose the right online store platform - Choose the right payment gateway - Build security - Invest in systems to manage inventory - Choose a good logistics partner MORE TIPS: https://bit.ly/3DIQ7hU https://bit.ly/3DIQ7hU"
X Link 2021-11-23T06:21Z 27.7K followers, [--] engagements
"African retail & ecommerce marketplace TradeDepot has raised $110-million in a Series B equity funding round TradeDepot built a network of consumer goods brands & uses a risk scoring engine to check SME retailer credit worthiness 👉 👉 @tradedepotHQ https://bit.ly/3drtxPf https://bit.ly/3drtxPf"
X Link 2021-12-07T08:21Z 27.7K followers, [--] engagements
"Zuma released from custody -"
X Link 2023-08-11T09:52Z 22K followers, [---] engagements
"PHOTOS: The new BMW M340i xDrive -"
X Link 2023-08-15T14:04Z 22K followers, [---] engagements
"Agreements signed at BRICS women business alliance conference -"
X Link 2023-08-22T04:05Z 22K followers, [---] engagements
"TAX BILL Pieter Erasmus CEO of Pepkor has been unsuccessful in his attempt to have a R320 million tax bill dismissed"
X Link 2023-08-24T05:02Z 22K followers, [---] engagements
"BIDVEST UPDATE The company has informed shareholders that it anticipates a 26% increase in its headline earnings per share https://tinyurl.com/jj7xht4t https://tinyurl.com/jj7xht4t"
X Link 2023-08-24T07:04Z 22.8K followers, [---] engagements
"PROFILE Yota Baron is the Chief Financial Officer (CFO) of Ford Motor Company of Southern Africa making her the first woman to hold such a high-ranking financial position within the organisation"
X Link 2023-08-25T15:12Z 22K followers, [---] engagements
"Google has been operating in Africa for more than ten years and has offices in Ghana Kenya Nigeria and South"
X Link 2023-09-06T11:47Z 21.9K followers, [----] engagements
"Only [--] hand-picked customers will have the opportunity to own this unique Defender"
X Link 2023-09-07T08:34Z 22K followers, [---] engagements
"Peugeot has revealed the first images of its new E-3008. https://businessexplainer.co.za/photos-peugeot-unveils-striking-e-3008-electric-suv/ https://businessexplainer.co.za/photos-peugeot-unveils-striking-e-3008-electric-suv/"
X Link 2023-09-13T12:23Z 26.6K followers, [---] engagements
"While it is not positioned as an affordable SUV option like the recently discontinued EcoSport the Ford Puma aims to cater to buyers in the more premium segment of the compact crossover market"
X Link 2023-09-17T17:08Z 22K followers, [---] engagements
"The appointment of Cardoso comes after the suspension of the previous central bank governor highlighting the importance of maintaining stability and continuity in Nigerias monetary policy"
X Link 2023-09-19T12:51Z 22K followers, [---] engagements
"South Africa recently held its inaugural Bakkie of the Year competition which aimed to determine the best pickup truck in the country. However the award has sparked controversy and debate among automotive enthusiasts and industry experts"
X Link 2023-09-20T14:05Z 22K followers, [---] engagements
"The plummeting naira reflects broader economic challenges facing Nigeria including inflationary pressures low oil prices and limited foreign investment"
X Link 2023-09-22T06:12Z 22K followers, [---] engagements
"In a surprising twist the CEO claims West did not mean his controversial antisemitic remarks that led to the termination of their collaboration"
X Link 2023-09-22T08:12Z 22K followers, [---] engagements
"Ghana known for its natural resources like gold and cocoa has been facing challenges in managing inflation and maintaining fiscal stability"
X Link 2023-09-22T10:13Z 22K followers, [--] engagements
"Applications open for Tech Challenge The Irish Tech Challenge South Africa is accepting applications from tech startups offering them the opportunity for international exposure and access to global markets"
X Link 2023-09-25T17:21Z 22K followers, [--] engagements
"Prince William announces Abalobi as finalists Abalobi a South African community fish catch recording technology company has been announced as one of the [--] finalists for the prestigious Earthshot Prize"
X Link 2023-09-26T18:18Z 22K followers, [---] engagements
"USA APPROVAL Lipa Later a Kenyan fintech platform that enables e-commerce financial inclusion and shopping on a centralized platform has obtained exclusive approval in the United States"
X Link 2023-09-28T07:43Z 22K followers, [--] engagements
"ZIMBABWE TO GET STARLINK Zimbabwe is poised to become the first Southern African country to receive Elon Musk's Starlink satellite internet service surpassing South Africa due to a perceived standoff concerning licensing regulations"
X Link 2023-09-28T10:15Z 22K followers, [---] engagements
"UPDATE ON TONGAAT HULETT The business assets of Tongaat Hulett will be sold off while the remaining legal entities will be wound down and eventually liquidated. Shareholders will retain their shares but will not receive any compensation for them"
X Link 2023-09-28T14:03Z 22K followers, [---] engagements
"20 SMEs RECEIVE FUNDING Kua Ventures an impact investment firm based in Kenya has recently announced an investment in [--] SMEs. The success of Kua Ventures is attributed to their 3C model consisting of Capital Coaching and Community"
X Link 2023-09-28T16:07Z 22K followers, [--] engagements
"JOB CUTS Mining and trading company Glencore has initiated a retrenchment process at its iMpunzi coal operation in Mpumalanga South Africa as a result of logistical challenges caused by Transnets poor railway service"
X Link 2023-09-28T17:12Z 22K followers, [----] engagements
"The selected participants represent a diverse range of African countries including Algeria Egypt Nigeria Senegal Tanzania Uganda Zimbabwe and many more"
X Link 2023-09-29T17:35Z 22K followers, [--] engagements
"JSE DELISTING Ascendis Health with a market capitalisation of around R400-million is contemplating delisting from the the Johannesburg Stock Exchange (JSE)"
X Link 2023-10-02T10:07Z 22K followers, [---] engagements
"$58-MILLION IN FUNDING Enza Capital a pan-African venture capital firm has successfully closed its Fund II securing an impressive $58-million in funding"
X Link 2023-10-05T04:02Z 22K followers, [---] engagements
"AFRICAN DEVELOPMENT BANK & GOOGLE DEAL Through this partnership Google will provide technical assistance to support entrepreneurs and small and medium-sized enterprises in digitising their businesses"
X Link 2023-10-05T06:11Z 22K followers, [---] engagements
"SOUTH SUDAN GOVERNOR FIRED This marks the second time in just over a year that the president has removed a central bank chief"
X Link 2023-10-06T09:44Z 22K followers, [---] engagements
"R9.5-BILLION IN CAR INVESTMENTS SA's automotive industry has received a significant investment of R9.5 billion through three major deals"
X Link 2023-10-11T16:05Z 22K followers, [---] engagements
"How African Bank has bounced back reporting a R505m profit The insurance business of African Bank also performed exceptionally well with a 92% surge in profit totaling R670 million"
X Link 2023-11-22T11:03Z 22K followers, 31.5K engagements
"New electric Mini Cooper set to hit South Africa One of the standout features of the new model is its increased range. Thanks to advancements in battery technology the electric Mini Cooper can travel longer distances on a single charge providing greater convenience for drivers"
X Link 2023-12-07T12:46Z 22K followers, [---] engagements
"Exxaro has recently emerged victorious in a legal battle to evict the Sindane family who have resided on the land in Mpumalanga for [--] years. The court ordered the Sindane family to vacate the land by the end of January [----]. http://tinyurl.com/yckuhcsb http://tinyurl.com/yckuhcsb"
X Link 2023-12-12T12:03Z 30.1K followers, 716.4K engagements
"8 startups have been selected for latest Africa accelerator programme The cohort comprises seven startups from South Africa and one from Lesotho"
X Link 2023-12-12T14:07Z 22K followers, [---] engagements
"STANDARD BANK GROUP CEO Why Kenny Fihla is a strong candidate to take over from Sim Tshabalala"
X Link 2024-01-11T09:32Z 21.9K followers, [---] engagements
"The United States emerged as the largest market for Rolls-Royce in [----] closely followed by China"
X Link 2024-01-12T09:27Z 22K followers, [---] engagements
"The boards of Union Bank Plc Polaris Bank Ltd. and Keystone Bank Ltd. have been dissolved leading to a complete restructuring of their leadership"
X Link 2024-01-12T13:34Z 21.9K followers, [---] engagements
"Renergen a helium and natural gas producer has seen a 34% decline in its share value since the beginning of the year putting pressure on CEO Stefano Marani"
X Link 2024-02-13T16:06Z 22K followers, [---] engagements
"PHOTOS: Toyota South Africa has released the latest models of the Land Cruiser"
X Link 2024-02-14T09:20Z 22.1K followers, [---] engagements
"Without a sponsor it becomes practically impossible for Ithala to conduct business and transactions in South Africa"
X Link 2024-02-21T12:26Z 22K followers, [---] engagements
"Hondas latest SUV the next-gen CR-V has become the most expensive Honda vehicle in South Africa"
X Link 2024-02-21T14:16Z 22K followers, [---] engagements
"The depreciation of the Kenyan shilling against major currencies has contributed to the increase in debt"
X Link 2024-03-01T11:16Z 22K followers, [---] engagements
"She previously held the position of General Manager for Aftersales at Mercedes-Benz Vans"
X Link 2024-03-14T11:15Z 22K followers, [---] engagements
"Alfa Romeo [--] Stradale wins the Design Trophy"
X Link 2024-03-14T12:08Z 22K followers, [---] engagements
"A summary of todays BREAKING business news:"
X Link 2024-03-19T18:00Z 22K followers, [---] engagements
"Vodacom South Africa has announced job cuts as part of its restructuring efforts. The telecommunications company is streamlining its operations to improve efficiency and reduce costs amid market challenges. The job cuts come amidst increased competition and evolving consumer preferences in the telecom industry"
X Link 2024-03-19T18:00Z 22K followers, [--] engagements
"The airline founded in Norway in [----] aims to provide affordable long-haul flights to popular destinations worldwide. Cape Town is its first African destination - https://tinyurl.com/mu3jcunt https://tinyurl.com/mu3jcunt"
X Link 2024-04-24T10:12Z 22K followers, [---] engagements
"South Africa President Cyril Ramaphosa has announced a new cabinet with [--] ministers including members from opposition parties as part of a government of national unity despite promising to reduce the number of ministers"
X Link 2024-06-30T21:57Z 22.5K followers, [---] engagements
"BIRD FLU The High Court in South Africa has ruled that the government must pay farmers when chickens are culled due to bird flu. This is a big change from the government's old policy of not paying. It could help the poultry industry recover financially & manage diseases better"
X Link 2024-07-01T07:55Z 22.5K followers, [---] engagements
"DIAMOND SALES DIVE De Beers has sold rough diamonds valued at R5.4 billion at its fifth sales cycle of the year which is lower than the R7.8 billion worth of diamonds sold at this time last year"
X Link 2024-07-01T12:01Z 36.6K followers, [----] engagements
"UPGRADE Moody has upgraded Cape Town's credit rating to positive citing the city's progress in improving revenue collection and effective budget management"
X Link 2024-07-01T14:53Z 22.7K followers, [---] engagements
"GOING UP ⚡ Effective today residents of Johannesburg will be subject to a 12.72% increase in their electricity rates. This comes after the National Energy Regulator of South Africa approved an application by City Power to raise their tariffs"
X Link 2024-07-01T15:00Z 22.5K followers, [----] engagements
"TOP SELLING CARS In the latest monthly sales report Toyota has once again emerged as the sales leader. The Japanese automaker managed to sell a total of [----] vehicles in June. Volkswagen came in second place with [----] cars sold during the same period"
X Link 2024-07-02T08:04Z 22.6K followers, [---] engagements
"WHATSAPP PAYMENT South Africa-based cross-border money transfer startup Mama Money has partnered with Access Bank and Paymentology to launch a new WhatsApp-powered bank card service"
X Link 2024-07-03T05:55Z 22.5K followers, [---] engagements
"MOST POWERFUL The Land Rover Defender Octa is a new high-performance SUV with a V8 engine and mild-hybrid system unique suspension and styling. It costs R3.5-million in South Africa"
X Link 2024-07-03T12:34Z 22.5K followers, [---] engagements
"ZERO BONUS Equity Group CEO James Mwangi declined his bonus pay despite being eligible for tens of millions due to some subsidiaries not meeting their key performance indicators. Mwangi felt it was unfair to accept a bonus when some employees did not qualify for one"
X Link 2024-07-03T14:33Z 22.6K followers, 16.7K engagements
"GREENER PASTURES TotalEnergies plans to leave its gas finds in South African waters. Instead it will explore for oil and gas in Namibian waters. In [----] they found a lot of gas (about [--] billion barrels) in South Africa but they didn't develop it because it wasn't profitable"
X Link 2024-07-04T11:39Z 22.6K followers, [---] engagements
"BIDVEST BIDS FAREWELL TO [--] ENTITIES Bidvest is selling its banking and financial migration businesses Bidvest Bank and FinGlobal to focus on its core operations. The decision is part of a strategic restructuring to strengthen and align the group's core business operations"
X Link 2024-07-04T12:45Z 22.6K followers, [---] engagements
"NEW E-HAILING STARTUP South African startup Shesha says it will disrupt the established e-hailing landscape largely dominated by international giants like Uber and Bolt by providing a local alternative using its understanding of local conditions"
X Link 2024-07-04T13:51Z 22.5K followers, [---] engagements
"VALUATION DENT The Reserve Bank took a R1bn writedown charge on its stake in African Bank valuing the lender at R7bn. The move reflects macroeconomic strain and cautious outlook on cash flows. The bank's 50% stake is now worth R3.5bn down from R4.3bn last year"
X Link 2024-07-10T09:49Z 22.6K followers, [---] engagements
"A PORT-FECT STORM Botswana Mozambique & Zimbabwe have signed a deal to develop a rail and port project to export Botswana's coal reserves. The African Development Bank will finance a feasibility study and the project aims to upgrade rail lines and build a new deep-water port"
X Link 2024-07-15T14:12Z 22.6K followers, [---] engagements
"RECORD HIGH Apple's shares rose 2.5% to a record high after Morgan Stanley raised its price target citing Apple's AI efforts as a boost to device sales. The analysts expect Apple to sell nearly [---] million iPhones over the next two years"
X Link 2024-07-17T06:04Z 22.6K followers, [---] engagements
"CONCLUDED Chappal Energies Mauritius has agreed to buy TotalEnergies' 10% stake in Nigerian oil and gas assets for $860-million. The deal includes [--] oil mining leases and export terminals with production of [-----] barrels equivalent per day"
X Link 2024-07-18T10:13Z 22.6K followers, [---] engagements
"ARMANI AND DIOR INVESTIGATED Italy's competition authority has launched an investigation into luxury fashion brands Armani and Dior over alleged exploitation of workers in their supply chain. The probe follows accusations of systematic abuse of employees by Chinese-owned firms in Italy producing luxury goods for the two brands. The authority alleges that Armani and Dior emphasised their commitment to excellence and craftsmanship while relying on suppliers who violated health and safety rules paid inadequate salaries and had employees work long hours. Inspections were carried out at the"
X Link 2024-07-18T14:35Z 22.6K followers, [---] engagements
"CEO PROFILE [--]. Mzulungile Nodikida is the new CEO of SAAMA (South African Asset Management Association). [--]. Nodikida was born in [----] in Eastern Cape. [--]. He grew up in a family of [--] children. [--]. His first job was as a waiter at a hotel in Cape Town. [--]. He later worked as a financial advisor at Old Mutual. [--]. Nodikida joined SAAMA in [----] as a project manager. [--]. He became SAAMA's chief operating officer in [----]. [--]. Nodikida has a Master's degree in Business Administration from the University of Cape Town. [--]. He has also completed a programme in Investment Analysis and Portfolio Management"
X Link 2024-07-20T09:43Z 22.6K followers, [---] engagements
"SHINING THE LIGHT ON SHEIN [--] 💻 Shein's website attracts over [---] million monthly visitors making it one of the most popular online fashion retailers. [--] 📈 The company has reported revenue growth of over 500% in the past three years making it one of the fastest-growing fashion companies in the world. [--] 👗 Shein's business model is based on fast fashion with new designs added to its website every hour. [--] 👰 Shein's founder Chris Xu started the company in [----] as a small online store selling wedding dresses. [--] 🖊 Shein's name comes from the phrase "SheInside" which was later shortened to Shein."
X Link 2024-07-21T05:15Z 22.6K followers, [----] engagements
"DANGOTE vs NIGERIA: A BILLION-DOLLAR STANDOFF 1/ Aliko Dangote Africa's richest person is in a standoff with the Nigerian government over a sugar import license. 2/ Dangote's company Dangote Sugar has been unable to secure a permit to import sugar despite meeting all requirements. 3/ The dispute has been ongoing for over a year with Dangote accusing the government of unfair treatment. 4/ The standoff has led to concerns about the business environment in Nigeria and the treatment of foreign investors. 5/ Dangote has threatened to take his business elsewhere if the issue is not resolved. 6/"
X Link 2024-07-23T08:58Z 22.6K followers, [---] engagements
"MR PRICE ON THE RISE 1/ Mr Price has reported a 4.6% increase in sales to R8.5bn. 2/ Comparable store sales increased 0.1% while other income rose 9.3% to R321m. 3/ SA retail sales grew 4.3% to R7.8bn while non-SA corporate-owned store sales increased 8.5% to R668m. 4/ Online sales contributed 2.4% to retail sales and increased 3.8% during the period. 5/ The group has gained market share for [--] consecutive months totaling R1.1bn in market share gain. 6/ Trade was subdued in April and May due to Easter and school holidays but improved in June. 7/ Consumers withheld spend ahead of the elections"
X Link 2024-07-23T10:07Z 22.6K followers, [---] engagements
"KENYANS ARE HIDING BILLIONS [--] 💰 Kenyans have stashed an additional Sh3-billion in Switzerland a notorious tax haven. 2💰This brings the total amount of Kenyan money in Swiss banks to Sh150-billion. 3💰Kenya is among the top [--] African countries with the most money stashed in Swiss banks. 4💰The Sh150 billion stashed in Switzerland is equivalent to 10% of Kenya's GDP. 5💰In [----] Kenya's then President Uhuru Kenyatta signed a deal with Switzerland to automatically share tax information aiming to combat tax evasion and corruption. 6💰However the implementation of this agreement has been slow"
X Link 2024-07-23T16:23Z 22.6K followers, [---] engagements
"9 YEAR TRADEMARK BATTLE 1/ Takis Biltong won a 9-year court battle against Grupo Bimbo's Takis Fuego trademark infringement. 2/ The Supreme Court of Appeal ruled in favour of Takis Biltong. 3/ Takis Biltong first registered its trademark in May [----]. 4/ Takis Fuego applied for trademark registration in June [----]. 5/ The Pretoria High Court initially ruled in favour of Grupo Bimbo in [----]. 6/ Takis Biltong spent millions of rands defending its trademark against Grupo Bimbo. 7/ The Trade Marks Act prohibits registration of marks that are deceptive or likely to cause confusion. 8/ Takis"
X Link 2024-07-24T08:13Z 22.6K followers, [---] engagements
"CASHBUILD GETS A BOOST 1/ Cashbuild has reported a 4% rise in revenue for the fourth quarter and 3% for the full year. 2/ Existing stores contributed 3% revenue growth while new stores added 1% growth. 3/ Full-year revenue increased by 5% compared to the previous year. 4/ Cashbuild opened three new stores in the fourth quarter and six for the full year. 5/ Two underperforming stores were closed in the fourth quarter. 6/ [--] Cashbuild and [--] P&L Hardware stores were refurbished in the fourth quarter. 7/ The total number of stores trading at the end of the financial year was [---]. 8/ Cashbuild"
X Link 2024-07-24T10:02Z 22.6K followers, [---] engagements
"RECORD BREAKING INVESTMENTS 1/ Capital flow to SA startups reached over R3bn in [----] a record high. 2/ This is the highest total capital flow to startups since the survey launched [--] years ago. 3/ The Southern African Venture Capital and Private Equity Association reported R10.73bn invested across [----] active deals since tracking began. 4/ ICT startups dominate investor interest with fintech edtech software e-commerce and online markets being the most favored subsectors. 5/ ICT deals almost doubled in [----] accounting for 87.6% of activity. 6/ Fintech remains the front-runner by value and"
X Link 2024-07-24T13:04Z 22.6K followers, [---] engagements
"FACTS ABOUT UAE & MAURITIUS DEAL 1/ The UAE is Mauritius' third-largest trading partner with trade volumes reaching $1.1-billion in [----]. 2/ This week the UAE and Mauritius have signed a comprehensive economic partnership agreement to boost trade and investment. 3/ The agreement aims to increase bilateral trade by 20% annually. 4/ Mauritius is a key player in the UAE's strategy to expand its economic presence in Africa. 5/ The agreement covers various sectors including trade in goods services and investment. 6/ The pact also includes provisions for the free movement of goods and services. 7/"
X Link 2024-07-24T15:45Z 22.6K followers, [---] engagements
"GEM OF A DEAL FOR BOTSWANA CITIZENS [--] 💎 Botswana's government is proposing allowing citizens to buy up to 24% of new mining projects. [--] 💎 The current Mines and Minerals Act allows the government to purchase up to 15% equity in new mining entities. [--] 💎 The proposed amendments aim to encourage new ventures to offer citizens a shareholding. [--] 💎 Botswana is the world's largest producer of rough diamonds by value. [--] 💎 The mining industry makes up about a third of Botswana's budget revenue. [--] 💎 The government owns 15% shareholdings in De Beers Morupule Coal Mine and Botswana Ash Ltd"
X Link 2024-07-25T06:49Z 22.6K followers, [---] engagements
"TESLA MISSES EARNINGS TARGETS 1/ Tesla has reported its lowest profit margin in over five years at 14.6% in the second quarter. 2/ The company's electric vehicle deliveries have fallen for two consecutive quarters. 3/ The company missed Wall Street earnings targets with adjusted earnings of 52c per share. 4/ Tesla's revenue was $25.50bn for the quarter slightly ahead of analyst targets. 5/ Sales of regulatory credits nearly tripled to a record $890m in the second quarter. 6/ Net income was $1.48bn in the second quarter compared with $2.70bn a year ago. 7/ Tesla's shares fell 8% in after-hours"
X Link 2024-07-25T10:17Z 22.6K followers, [---] engagements
"END OF AN ERA: BENTLEY'S ICONIC ENGINE TAKES A FINAL BOW 1/ Bentley Motors has produced its last 12-cylinder engine marking the end of an era for the British manufacturer. 2/ The last W12-powered Continental GT Flying Spur and Bentayga models rolled off the production line in Crewe England. 3/ The first W12 engine was introduced in [----] producing 405kW in the Continental GT. 4/ The second-generation W12 was introduced in [----] with cylinder deactivation and twin-scroll turbochargers. 5/ The W12 engine has [----] components. Each W12 engine is hand-built at Bentley's Crewe facility in a process"
X Link 2024-07-25T11:56Z 22.6K followers, [---] engagements
"KENYAS GOVERNMENT OF NATIONAL UNITY 1/ Kenya's President William Ruto has appointed four ministers from the main opposition party in his new Cabinet. 2/ The appointments aim to form a broad-based government to address governance issues raised in deadly protests. 3/ Most Cabinet members were fired amid the unrest. 4/ Protests began over a proposed bill to impose more taxes which Kenyans rejected. 5/ President Ruto lauded political parties for setting aside partisan positions to join a "visionary partnership" for Kenya's transformation. 6/ Opposition leader Raila Odinga denied allegations that"
X Link 2024-07-25T15:14Z 22.6K followers, [---] engagements
"NEDBANK FACES R2.8BN LAWSUIT 1/ Nedbank is facing a R2.8bn lawsuit from the Special Investigating Unit and Transnet over interest rate swap transactions from [----] and [----]. 2/ The lawsuit claims Nedbank made a profit of over R2.7bn from the swaps which the bank denies. 3/ Nedbank says its sales margin from the swaps was less than R43m and the return on equity was 15.5% over the life of the transactions. 4/ The bank says it will "strongly defend" itself against the litigation and pursue counterclaims against Transnet and others. 5/ The lawsuit seeks to set aside the interest rate swap"
X Link 2024-07-29T12:02Z 22.6K followers, [---] engagements
"SHOPRITE SEES DOUBLE-DIGIT GROWTH 1/ Shoprite's total sales for the full year jumped 12% to R240.7 billion. 2/ Like-for-like sales growth measured 6.3% for the period. 3/ Supermarkets South Africa Shoprite's core business grew sales by 12.3% contributing 81% to group sales. 4/ Checkers Shoprite's upmarket grocery chain grew sales by 12.3%. 5/ Checkers Sixty60 online grocery delivery business grew sales by 58.1%. 6/ Shoprite and Usave discount grocery brands reported sales growth of 10.7%. 7/ Shoprite opened [---] stores during the period including [--] new format stores. 8/ The retailer now"
X Link 2024-07-30T09:00Z 22.6K followers, [---] engagements
"SHEDDING THE PAST: ESKOM HAS TOO MUCH ELECTRICITY 1/ Eskom's coal and nuclear power stations have been performing well with some units placed on cold reserve due to excess power supply. 2/ Eskom has surpassed [---] days without load shedding thanks to improved power station performance. 3/ As much as [----] MW were placed on cold reserve. 4/ The Energy Availability Factor (EAF) was above 70% in the past seven days. 5/ The EAF for the year to date is 62% up from 55% over the same period last year. 6/ Power supply hit [-----] MW on July [--] the highest since July [----]. 7/ Unplanned breakdowns have"
X Link 2024-07-30T10:00Z 22.6K followers, [---] engagements
"FORMULA FOR DISASTER: ABBOTT LABS HIT WITH R9.2 BILLION VERDICT 1/Abbott Laboratories has been ordered to pay approximately R9.2 billion in damages over allegations that its premature-infant formula can cause a potentially fatal bowel disease. 2/ The jury awarded R1.74 billion in compensatory damages and R7.38 billion in punitive damages. 3/ The case was brought on behalf of a premature baby girl who developed necrotising enterocolitis (NEC) after being fed Abbott's Similac Special Care [--] formula. 4/ Over [----] similar claims have been made against Abbott and other formula makers. 5/ Abbott's"
X Link 2024-07-30T14:03Z 33.5K followers, [---] engagements
"SAPA PUSHES FOR CHICKEN TO BE VAT-EXEMPT 1/ The South African Poultry Association (SAPA) is advocating for targeted chicken products to be included in the basket of essential food items exempt from VAT. 2/ Chicken accounts for 66% of all meat consumed in South Africa making it the country's most popular and affordable meat source. 3/ The basket of zero-rated food items was last reviewed in [----] and SAPA proposed that individually quick frozen chicken portions be exempt from VAT. 4/ Food inflation has decreased but prices remain high making the need for VAT exemption more pressing. 5/ The"
X Link 2024-07-30T15:56Z 22.6K followers, [---] engagements
"TOUAREG GETS A FACELIFT 1/ The facelifted Volkswagen Touareg will be available in South Africa from August [--]. 2/ The new Touareg features a 3.0-litre V6 TDI turbodiesel engine with 190kW and 600Nm. 3/ The engine is paired with an eight-speed automatic gearbox and 4-Motion all-wheel drive system. 4/ The new Touareg is available in two derivatives: Elegance and R-Line. 5/ The [---] V6 TDI Elegance is priced at R1457900 a R13000 premium over the previous base model. 6/ The R-Line is priced at R1763900 a R3000 premium over the previous model. 7/ The new Touareg features IQ Light HD Matrix"
X Link 2024-07-30T16:59Z 22.6K followers, [---] engagements
"WOOLWORTHS' PROFIT PLUMMETS 1/ Woolworths expects to report lower earnings for the full year due to challenging trading conditions. 2/ Group turnover and concession sales grew by 6.2% for the [--] weeks to end-June. 3/ Headline earnings per share (HEPS) for continuing operations are expected to be 14%-19% lower. 4/ Total group HEPS are expected to be 27%-32% lower year on year. 5/ Online sales grew by 13.3% and contributed 9.2% to group sales for the year. 6/ Sales in South Africa grew by 4.3% on a comparable 52-week period. 7/ Food business delivered strong and above-market growth with"
X Link 2024-07-31T09:16Z 22.6K followers, [---] engagements
"WHY E-MEDIA IS TAKING DSTV TO COURT 1/ eMedia plans to explore legal options to overturn DStv's decision to remove four of its channels. 2/ DStv commands approximately 9-million out of about 12-million satellite homes in South Africa. 3/ eMedia's earnings before interest tax depreciation and amortisation were R628.3m for the year. 4/ The company reported advertising revenue of R2.3bn in the year to end-March. 5/ eMedia maintains a prime-time audience market share of 33.5% in the year under review. 6/ leads the group with a market share of approximately 34%. 7/ Openview's revenue exceeded"
X Link 2024-07-31T10:00Z 22.6K followers, [---] engagements
"SA TO LOSE R100 BILLION 1/ TotalEnergies' decision to quit its gas-condensate discoveries in South Africa may cost the country R100 billion in tax revenue. 2/ TotalEnergies spent at least $400 million on drilling in the Brulpadda and Luiperd fields. 3/ An estimated [--] billion barrels equivalent of light liquid hydrocarbons were found in the Brulpadda field in [----]. 4/ The Brulpadda and Luiperd fields had the potential to create [----] jobs and add R22 billion to South Africa's GDP annually. 5/ TotalEnergies' exit may result in foregone tax of at least R100 billion. 6/ The project would have"
X Link 2024-07-31T11:56Z 22.6K followers, [----] engagements
"NEW VOLVO Volvo has unveiled the XC60 Black Edition in South Africa a limited-run model featuring a sleek chrome-free design. Limited to just [--] units the Black Edition starts at R1092500 for the B5 Plus variant. The model also comes in Recharge plug-in hybrid versions priced at R1364000 for the Plus and R1438000 for the Ultimate. Buyers will pay an additional R61000 for the B4 version and R50000 for the PHEV versions. The Black Edition features Onyx Black paint high-gloss black accents and 21-inch alloy wheels. The interior offers charcoal upholstery options and standard five-year warranties"
X Link 2024-08-01T12:30Z 22.6K followers, [---] engagements
"GOOGLE STARTUPS South African mobile mechanics platform Fixxr has been selected for the eighth cohort of the Google for Startups Accelerator Africa programme. This 10-week equity-free accelerator supports Series A startups focused on AI-driven Africa-centric solutions. Participants will receive access to Googles AI expertise technical resources including up to $350000 in Google Cloud Credits mentorship from AI professionals and networking opportunities. Since [----] the programme has helped [---] startups across Africa raise over $263 million and create over [----] jobs"
X Link 2024-08-01T14:16Z 22.6K followers, [---] engagements
"TOP [--] BUSINESS NEWS 1/ Capitec's acquisition of Guardrisk Life's insurance business marks a significant expansion into the life insurance market with a 12% profit increase. 2/ Former Glencore oil chief Alex Beard faces corruption charges for bribes in West Africa with a court date set. 3/ Dis-Chem faces criticism for its lack of Black representation at the executive level. 4/ Murray Munro's appeal fails resulting in a R6 million fine and a ten-year ban following the accounting scandal. 5/ Police in Abuja use tear gas on protesters demonstrating against economic reforms and rising living"
X Link 2024-08-02T04:52Z 22.6K followers, [----] engagements
"ESKOM TO SELL ELECTRICITY TO ZAMBIA ZESCO Zambias state-owned power utility has agreed to purchase [---] megawatts (MW) of electricity from Eskom in South Africa to address a power shortfall. The deal aims to cushion a deficit of over [----] MW caused by reduced hydropower capacity due to lower rainfall and drier conditions. The imported power expected to supply Zambias national grid this month will help mitigate the impact of the Maamba Energy coal-fired plants routine maintenance shutdown which will take out an additional [---] MW of power generation. The cost of the deal was not disclosed"
X Link 2024-08-02T10:10Z 22.6K followers, [----] engagements
"BRIBE SCANDAL Alex Beard the former head of oil at Glencore has been charged with corruption by the UKs Serious Fraud Office (SFO) for allegedly conspiring to make corrupt payments to benefit Glencores oil operations in West Africa specifically in Nigeria and Cameroon. As the highest-profile individual to be charged in a series of investigations into corruption and market manipulation at Glencore Beard is scheduled to appear at Westminster Magistrates Court in London on September [--] 2024"
X Link 2024-08-02T13:37Z 22.6K followers, [---] engagements
"NEW LEXUS Lexus has launched its second plug-in hybrid model in South Africa the NX 450h+ PHEV F Sport priced at R1336200. This mid-size SUV boasts a system output of 227kW accelerating from 0-100km/h in [---] seconds. With an [----] kWh lithium-ion battery it offers an electric range of up to 76km and 30% better fuel consumption when in self-charging hybrid mode. The NX 450h+ comes in F Sport trim featuring a range of standard features like a 10-speaker sound system Head-Up Display and Adaptive Cruise Control. This launch follows the introduction of the Lexus RX 450+ in April"
X Link 2024-08-02T17:01Z 22.6K followers, [---] engagements
"STOCK MARKET CRASH The JSE fell over 2% - tracking global markets amid US recession fears. Japan's Nikkei dropped 12.4% its largest fall since [----]. European shares and other Asian markets also declined. Resources stocks especially platinum were hit hard with Impala Platinum and Northam down significantly. US economic data including weak jobless claims and nonfarm payrolls sparked concerns. Fed Chair Powell hinted at potential interest rate cuts. The rand weakened over 1% gold lost some appeal and oil prices dropped due to global demand concerns"
X Link 2024-08-05T12:17Z 22.6K followers, [---] engagements
"NEDBANK EARNINGS RISE Nedbank Group's earnings for the first half of [----] rose by 8% to R7.9-billion driven by robust non-interest revenue growth reduced impairment charges and strict cost control. Diluted headline earnings per share increased by 12% benefiting from a R5-billion capital optimisation programme. Revenue grew by 4% to R35.16-billion and operating expenses rose by 8% to R19.775-billion. Despite a challenging economic environment marked by geopolitical uncertainties high interest rates and inflation Nedbank declared an interim dividend of [---] cents per share up 11.5% from the"
X Link 2024-08-06T09:56Z 36.7K followers, [---] engagements
"COMPANIES LIQUIDATED Nearly [---] companies have entered liquidation in South Africa this year a decrease of 5.4% compared to the first half of [----] signaling a possible economic recovery. According to Stats SA liquidations fell by 5.5% in June [----] year-on-year and voluntary liquidations decreased by [--] cases. Despite challenges like load-shedding the decrease in liquidations suggests a more resilient economy. The Bureau for Economic Research forecasts a 2.2% growth in [----] bolstered by a new government coalition focused on economic reforms and investment"
X Link 2024-08-07T06:38Z 22.6K followers, [---] engagements
"GOLD FIELDS TO ACQUIRE OSISKO Gold Fields has signed a definitive agreement to acquire Osisko Mining for R28.7-billion gaining full ownership of the Windfall gold project in Canada. The Windfall project projected to produce [------] ounces of gold annually is a strategic fit for Gold Fields' portfolio offering low-cost high-quality long-life assets. Gold Fields plans to finalise the acquisition by 2025"
X Link 2024-08-13T04:52Z 39K followers, [---] engagements
"CAR REVIEW: Volvo EX30 Plus Top [--] Good Things: Impressive Performance: With [---] kW and [---] Nm the EX30 can accelerate from [--] to [---] km/h in just [---] seconds placing it in supercar territory for R1055900. Striking Design: The car features a solid grill Thor lights and well-designed lines making it visually appealing and striking. Minimalistic Interior: The cabin uses recycled and environmentally friendly materials contributing to a sustainable design. Instant Torque: Like all EVs the EX30 benefits from instant torque providing a responsive and exciting driving experience. Good Handling: Its"
X Link 2024-08-14T08:19Z 27.6K followers, [---] engagements
"NEW AI POLICY FOR SA The Department of Communications & Digital Technologies has introduced a national AI policy framework for South Africa seeking stakeholder feedback before finalising it. This framework aims to lay the groundwork for future AI regulations and possibly an AI Act. Read more https://tinyurl.com/2ptpbpjv https://tinyurl.com/2ptpbpjv"
X Link 2024-08-14T12:51Z 27.7K followers, [---] engagements
"SARS TAX DEBATE A recent survey on LinkedIn revealed that 66% of South Africans oppose the South African Revenue Service's (SARS) plan to impose higher import taxes on small clothing items bought from international e-commerce platforms like Shein and Temu with only 34% supporting the measure. Initially SARS intended to implement a 45% import duty plus VAT from July [--] but it has since revised this to a 20% flat rate plus VAT from September [--] as an interim measure to protect local industries. Critics argue this unfairly impacts consumers relying on cheaper overseas options due to high local"
X Link 2024-08-14T14:25Z 27.6K followers, [----] engagements
"WHY SHESHA IS APPOINTING REPS E-hailing service Shesha has appointed regional representatives from the taxi and e-hailing industries to assist drivers and commuters facing intimidation. This follows social media videos showing Uber and Bolt drivers allegedly harassed by individuals posing as Shesha drivers and Santaco community patrollers who were illegally issuing fines of R3000 to R3500. Shesha's project manager Portia Keleketu highlighted the companys commitment to safety and fair practices. Shesha aims to foster harmony between e-hailing and traditional taxi services. The E-hailing"
X Link 2024-08-14T15:59Z 27.6K followers, [---] engagements
"STRONG EARNINGS GROWTH FOR STANDARD BANK Standard Bank reported a 4% rise in headline earnings for the first half of the year reaching R22-billion from R21.23-billion previously. Headline earnings per share grew to [------] cents and an interim dividend of [---] cents per share was declared an 8% increase. Return on equity was 18.5% within their target range. CEO Sim Tshabalala attributed the results to strong organic growth and digital client expansion. Banking earnings grew by 6% loans by 3% to R1.7-trillion and deposits by 2% to R2-trillion. Insurance earnings rose 19% while asset management"
X Link 2024-08-15T07:12Z 27K followers, [---] engagements
"NIGERIA CAUSES MTN LOSS MTN Group reported a loss of R7.39-billion for the first half of [----] its first since [----]. This loss driven by the severe devaluation of the Nigerian naira marks a significant downturn from the R4.14-billion profit recorded the previous year. The naira's 70% slump and other currency devaluations alongside customer losses in conflict areas have severely impacted MTN's earnings"
X Link 2024-08-19T11:28Z 24.6K followers, [----] engagements
"TIGER BRANDS LEADERSHIP UPDATE Tiger Brands South Africa's largest food producer has extended CEO Tjaart Kruger's tenure by three years now ending in [----]. Under Kruger's leadership since November [----] Tiger Brands has seen a strong recovery with market value increasing by about R11.6-billion and a nearly 40% rise in share price signaling investor confidence"
X Link 2024-08-19T14:01Z 27.6K followers, [---] engagements
"ELON MUSK PULLS OUT OF BRAZIL Media platform X owned by Elon Musk announced it will close its operations in Brazil immediately citing "censorship orders" from Brazilian judge Alexandre de Moraes. The judge allegedly threatened to fine X [-----] reais (about R69000) per day and arrest its representative if the platform didn't comply with takedown orders"
X Link 2024-08-19T15:02Z 27.5K followers, [---] engagements
"UJ TOPS AFRICA The University of Johannesburg (UJ) has climbed to its highest-ever global ranking securing the #36 spot in the Times Higher Education Impact Rankings up from #46 last year. UJ remains the top university in Africa and South Africa excelling in Sustainable Development Goal [--] (No Poverty) where it ranks #3 globally"
X Link 2024-08-19T16:07Z 27.6K followers, [---] engagements
"TREEPZ MAKES CROSS-BORDER HISTORY Nigerian mobility startup Treepz has completed its first cross-border rental trip between Nigeria and the Benin Republic marking a major milestone. Founded in [----] Treepz formerly Plentywaka operates a digital ride-booking platform and has expanded operations to Kenya Ghana and Uganda"
X Link 2024-08-19T18:17Z 27.7K followers, [---] engagements
"BREAKING NEWS Qatar Airways has acquired a 25% stake in Southern Africas regional carrier Airlink to strengthen its presence in Africa. The deal aims to unlock growth by increasing Airlinks capacity expanding its network and aligning loyalty programs. Both Qatar Airways' CEO Engr. Badr Mohammed Al-Meer and Airlinks CEO Rodger Foster highlighted the potential for economic development across the continent through this partnership"
X Link 2024-08-20T11:17Z 27.6K followers, [----] engagements
"CAR REVIEW: Maybach SL [---] Monogram Series WHATS GOOD: 1/ Powerful Performance: The Mercedes-Maybach SL [---] Monogram Series boasts a 4.0-litre twin-turbo V8 engine delivering an impressive 430kW and 800Nm allowing the car to accelerate from 0-100km/h in just [---] seconds. 2/ Luxurious Design: The car features exclusive design elements including a chrome-finished grille illuminated surround bonnet-mounted Mercedes emblem and 21-inch alloy wheels emphasising its luxurious appeal. 3/ Customisable Exterior: The SL [---] offers two curated design concepts Red Ambience and White Ambience with two-tone"
X Link 2024-08-20T13:26Z 27.6K followers, [---] engagements
"R1.1BN TYOTA INVESTMENT A R1.1 billion investment in KwaZulu-Natal will see Toyota producing motor manufacturing components at Dube Trade Port in Durban. The joint venture led by Toyota Tsusho Africa and partners will produce parts for Toyota South Africa Motors (TSAM) by July [----]. This initiative will increase local procurement add R700-million annually to local spending and create [---] jobs by 2026"
X Link 2024-08-27T05:18Z 27.7K followers, [---] engagements
"HARMONY STRIKES GOLD Harmony Gold's profit is expected to surge by over 100% for the year ended June driven by record gold prices. The company's headline earnings per share (HEPS) are projected to reach a minimum of [----] SA cents per share a significant increase from the previous year"
X Link 2024-08-27T06:11Z 24.7K followers, [---] engagements
"DISCOVERY REACHES MILESTONE Discovery Bank has reached [--] million clients five years after its launch with [----] new clients added daily. The bank has seen 31% deposit growth and 20% advance growth in the first half of the year and aims to drive financial inclusion and disrupt the home loan market"
X Link 2024-08-27T12:37Z 26.8K followers, [----] engagements
"CAPITC CONCERNED ABOUT SPORTS BETTING Capitec Bank says sports betting is a growing concern in South Africa with more people seeking extra money. Data shows sports betting accounted for over half of all betting activities in 2022/23 up from 10% in [----]. The online sports betting market is projected to reach R6.4-billion this year and grow to R8.5-billion by 2029"
X Link 2024-08-27T15:40Z 27.6K followers, [----] engagements
"FIRST HYBRID BAKKIE In a groundbreaking move GWM has introduced the P-Series P500 Double-Cab bakkie South Africas first hybrid bakkie. This innovative vehicle features a 325-volt electric motor positioning it as the second most powerful. https://tinyurl.com/3bnt8j95 https://tinyurl.com/3bnt8j95"
X Link 2024-08-28T08:28Z 27.6K followers, [---] engagements
"UPDATE ON ASSUPOL ACQUISITION Sanlam has overcome the last regulatory challenge in its R6.5-billion acquisition of Assupol https://tinyurl.com/3dxkhxcr https://tinyurl.com/3dxkhxcr"
X Link 2024-08-28T11:28Z 27.6K followers, [---] engagements
"E-COMMERCE REVOLUTION Naspers expects e-commerce and digital platforms to inject R91.4-billion into South Africas economy by [----] representing 1.38% of GDP. This boost is supported by Naspers online retailer Takealot which now offers one-hour delivery to compete with Amazon https://tinyurl.com/464brakm https://tinyurl.com/464brakm"
X Link 2024-08-29T07:19Z 27.7K followers, [---] engagements
"BANKING SHARES ON THE RISE South African banking shares have surged driven by reduced load shedding a favourable election outcome and expected interest rate cuts. Capitec and Standard Bank hit record highs at R2977.72 and R243.17 respectively. The JSE banking index rose over 30% with Standard Bank leading at 36%. Lower interest rates are expected to boost borrowing and profits attracting both local and international investors to SA banks"
X Link 2024-09-02T04:59Z 24.6K followers, [----] engagements
"LEADERSHIP CHANGES Standard Bank has reinstated the deputy group CEO role appointing Kenny Fihla to the position after a decade. Fihla previously CEO of the Corporate and Investment Banking (CIB) unit will now oversee Standard Bank's operations in South Africa and Africa. The leadership shake-up also sees Lungisa Fuzile stepping down as SA CEO with Luyuvo Masinda taking over as CIB CEO. Standard Banks share price recently hit R240"
X Link 2024-09-02T06:25Z 25.6K followers, [---] engagements
"EXPLAINED MUSK VS. BRAZIL Brazilian Supreme Court Justice Alexandre de Moraes ordered the shutdown of Elon Musk's social media platform X after Musk failed to name a legal representative in Brazil. This conflict arose due to X's non-compliance with orders to block accounts spreading "fake news" and hate messages. Moraes also froze R61-million worth of Starlink's assets to cover unpaid fines. X's shutdown could take days affecting Brazil's political landscape especially with upcoming municipal elections. The decision has sparked a divided response with supporters of former president Bolsonaro"
X Link 2024-09-02T09:55Z 26.8K followers, [---] engagements
"SANLAM R2.4BN DEAL Sanlam Life is set to acquire a 25% stake in African Rainbow Capital Financial Services Holdings (ARC FSH) for R2.4-billion. In exchange Sanlam will transfer its 25% interest in ARC Financial Services Investments (ARC FSI) valued at R1.49-billion to ARC FSH. This deal strengthens Sanlam's partnership with ARC aiming to boost competition and financial inclusion in South Africa"
X Link 2024-09-02T11:19Z 39K followers, 21.4K engagements
"TAKEALOT DIVESTS SUPERBALIST Naspers' Takealot has sold Superbalist its online fashion retailer to a consortium led by Blank Canvas Capital. The sale driven by increased competition from Chinese retailers Shein and Temu allows Takealot to focus on its core businesses and Mr D Food. Despite ongoing challenges including rising interest rates and inflation Takealots gross merchandise value grew by 13% to R27-billion. The company will continue providing logistics services to Superbalist under a multiyear agreement. http://Takealot.com http://Takealot.com"
X Link 2024-09-02T17:31Z 36.1K followers, [----] engagements
"FRENCH COMPANY WINS LICENCE TENDER IDEMIA has been chosen to print new driving licence smart cards for South Africa despite recent controversies. The French firm will introduce advanced security features to combat fraud. This comes after ACSA ended a deal with IDEMIA over tender irregularities. The Department of Transport assured that IDEMIAs selection was based solely on tender criteria. IDEMIA also involved in a Home Affairs project issue remains optimistic about future opportunities"
X Link 2024-09-03T06:33Z 26.3K followers, [---] engagements
"BIDVEST REPORTS STRONG RESULTS Bidvest reported a 6.7% revenue increase to almost R123-billion and a 6.6% rise in earnings to R6.5-billion. The company highlighted Eskoms improved performance and a more business-friendly environment. Despite challenges in its automotive sector Bidvest remains optimistic with five out of seven divisions showing profit growth. The company also raised its dividend by over 4% to [---] cents per share"
X Link 2024-09-03T08:59Z 25.5K followers, [---] engagements
"SA ECONOMY IS GROWING South Africa's economy grew by 0.4% in the second quarter slightly below the 0.5% economists expected. Statistics SA revised the first-quarter GDP from a 0.1% contraction to flat (0.0%). Key growth sectors included finance manufacturing and electricity which grew by 3.1% due to the absence of load shedding. However mining and agriculture declined with agriculture shrinking over 2% due to poor rainfall and disease affecting livestock"
X Link 2024-09-03T11:02Z 25.5K followers, [---] engagements
"WOOLWORTHS STRUGGLES REPORTED Woolies reported a 16.8% drop in headline earnings per share for the [--] weeks ending June largely due to a tough trading environment in both South Africa and Australia. Turnover decreased by 16.4% to R77.8-billion although online sales grew by 13.3%. Despite maintaining inventory and cost control the groups earnings before interest and tax fell 14.1% to R5.8-billion. A final dividend of 117.5c per share was declared down 23.9%"
X Link 2024-09-04T15:09Z 24.6K followers, [---] engagements
"OLD MUTUAL DELAYS 2-POT WITHDRAWALS Old Mutual will start processing withdrawals under the new Two-Pot Retirement System from [--] September delaying the start to manage system load and ensure customer details are updated. The rollout is in two phases beginning with viewing balances and obtaining quotes via WhatsApp. The system allows withdrawals from a savings pot with R30000 as the cap for the first year. Total withdrawals could range from R40-billion to R100-billion in the first year with Old Mutual expecting R14.2-billion"
X Link 2024-09-05T06:35Z 24.7K followers, [----] engagements
"FREE DATA FOR YOUTH IN MAURITIUS Mauritius is launching a new initiative to provide free monthly mobile data to citizens aged [--] to [--] aiming to boost digital access and support educational and professional activities. This move is part of the government's broader effort to enhance digital inclusion and education following its commitment to free education and a Rs20000 grant for young adults"
X Link 2024-09-05T09:04Z 26.5K followers, [---] engagements
"CASHBUILD EARNINGS DROP Cashbuild reported a 22% decline in headline earnings per share to 947.2c for the [--] weeks ending June due to a tough trading environment. Revenue increased by 5% to R11.2-billion with new stores contributing 1% to this growth. Operating profit fell 19% to R189-million. Despite these challenges Cashbuild is optimistic for the upcoming year noting a 5% increase in sales for the first six weeks and planning to open [--] new stores. The final dividend was declared at 236c totaling 561c for the year"
X Link 2024-09-05T09:55Z 26.6K followers, [---] engagements
"WHY IMF DELAYED KENYA LOAN The IMF is reviewing the impact of Kenya's court ruling that overturned new taxes introduced in [----] which had sparked severe protests. The tax repeal including a VAT increase on fuel reduces government revenue by about $1.66-billion and could lead to further budget cuts. Kenya's credit ratings have dropped and the IMF has postponed its decision on a $600-million disbursement. The Supreme Court will soon hear arguments on the tax repeal's legality"
X Link 2024-09-05T11:29Z 26.4K followers, [---] engagements
"ANGOLA & SA COMPETITION PACT The Competition Commission of South Africa and the Angola Competition Authority (ACA) have signed a memorandum of understanding (MoU) to enhance cooperation on competition law and policy. Signed in Johannesburg the MoU aims to foster technical collaboration share best practices and conduct joint research. It also includes plans for staff exchanges and joint training to strengthen enforcement capabilities and address modern economic challenges effectively"
X Link 2024-09-05T20:35Z 25K followers, [----] engagements
"LYFT CUTS JOBS Lyft is selling assets related to its bike and scooter rental operations and cutting about 1% of its [----] workforce as part of a cost-saving restructuring plan. The company will incur $46-million in charges related to asset disposal. Lyft expects these changes to increase adjusted operating income by around $20-million annually by the end of next year. The company is also forecasting a weak September quarter amid intense competition from Uber Technologies"
X Link 2024-09-06T06:58Z 25.6K followers, [---] engagements
"CAR REVIEW -- Nissan Patrol WHATS GOOD 1/ Innovative Biometric Cooling System: This system adjusts the temperature for the front two seating rows based on occupants' body temperatures offering a personalised and comfortable cabin climate. 2/ Powerful Engine Options: The new Patrol offers a robust 3.5-litre twin-turbo V6 engine producing 317kW and 700Nm providing enhanced performance and efficiency compared to the previous V8 engine. A 3.8-litre V6 is also available for those who prefer a naturally aspirated option. 3/ Advanced Suspension System: Standard air suspension with six drive modes"
X Link 2024-09-06T11:23Z 24.9K followers, [---] engagements
"COO AND CFO APPOINTMENT Lesaka Technologies has announced key leadership changes with Naeem Kola moving from CFO to COO and Dan Smith taking over as CFO. The changes effective October [--] come as Lesaka prepares to finalise its R1- billion acquisition of fintech firm Adumo. Nonexecutive directors Javed Hamid and Monde Nkosi will step down while Dean Sparrow of Crossfin will join the board post-acquisition"
X Link 2024-09-09T09:01Z 24.7K followers, [---] engagements
"CAPITECS PROFIT BOOM Capitec has raised its earnings forecast for the six months ending in August expecting a 35%-37% increase in headline earnings per share reaching 5497c-5579c. This boost is attributed to improved credit loss ratios and strong growth in non-lending income including transaction and commission fees. Capitecs share price has surged by 40% to R2961 reflecting positive investor confidence. The banks acquisition of Avafin has further strengthened its performance"
X Link 2024-09-09T12:27Z 24.7K followers, [---] engagements
"JSE SLAMS CAXTON The JSE has censured Caxton for two [----] announcements about Mpact that failed to meet listing requirements. Caxtons claims including alleged non-disclosure of risks and secret filings by Mpact were deemed irrelevant and misleading. The JSE ordered Caxton to retract the statements. Caxtons bid to take over Mpact led to a legal and regulatory battle. Mpact valued at R4.5-billion denies the allegations"
X Link 2024-09-10T07:15Z 36.5K followers, [---] engagements
"TIGER BRANDS UNDER FIRE FOR DRAGGING FEET IN LISTERIOSIS LAWSUIT Tiger Brands faces intense pressure to settle a multibillion-rand listeriosis class action involving over [----] victims. The South African Catholic Bishops' Conference and health activists urge a settlement by end September citing delays and ongoing suffering. The outbreak linked to Tiger Brands' Polokwane facility caused over [---] deaths and long-term health issues for survivors"
X Link 2024-09-10T12:03Z 36.1K followers, [---] engagements
"CHINA SOLAR NAMIBIA DEAL Namibia's state power utility NamPower has contracted two Chinese companies to build the country's largest solar power plant. The [---] MW plant funded partly by a German bank and partly by NamPower aims to increase Namibias power capacity currently at [---] MW and stabilise future electricity costs. Construction will take [--] months"
X Link 2024-09-11T06:49Z 24.7K followers, [---] engagements
"KENYA GOVERNMENT STRUGGLES TO RECOVER Kenya's government is struggling to manage its finances after protests forced them to withdraw tax measures. The budget deficit has increased by 28% to $5.95-billion. The government is under pressure to improve tax collection and reduce borrowing. Revenue collection is low and debt repayments are high putting strain on the economy"
X Link 2024-09-11T08:01Z 25.5K followers, [---] engagements
"STARLINK TAKES OVER ZIMBABWE Elon Musk's Starlink has started providing high-speed internet in Zimbabwe making it the 16th African country to receive the service. Local internet providers have lowered their prices to compete with Starlink's $50 monthly subscription. Starlink's global customer base exceeds [---] million and it uses a network of [----] satellites to deliver broadband internet. This move is expected to increase internet access and affordability in Zimbabwe"
X Link 2024-09-11T11:25Z 24.6K followers, [---] engagements
"KENYAN STARTUP STRIKES GOLD Chpter a Kenyan social commerce startup has raised $1.2-million in funding to expand its AI-powered conversational commerce platform across Africa. The platform helps businesses sell more on social media platforms like WhatsApp and Instagram. Chpter will use the funding to develop its product and enter new markets in Sub-Saharan Africa including Nigeria Ghana Egypt and Morocco"
X Link 2024-09-12T05:42Z 24.7K followers, [----] engagements
"Shoprite opened [---] stores in the past [--] months including [--] new format stores The retailer now operates a total of [----] stores in nine African countries - Mozambique - South Africa - Zimbabwe - Botswana - Eswatini - Namibia - Lesotho - Zambia - Angola"
X Link 2024-09-12T06:26Z 24.7K followers, [----] engagements
"BOEING BUYS OFF STRIKE Boeing is offering its employees a 25% pay increase over four years to avoid a strike. The union representing the workers has endorsed the proposal calling it the best contract ever negotiated. The deal includes improved benefits and gives workers more say in safety and quality issues. A vote by union members will determine whether the strike is avoided"
X Link 2024-09-12T07:46Z 24.7K followers, [---] engagements
"BMW & TOYOTA PARTNERSHIP BMW and Toyota are teaming up to develop hydrogen-powered vehicles. They plan to release a range of cars with fuel cell systems including BMW's first mass-produced hydrogen car in [----]. The companies will also work together to improve hydrogen infrastructure. This partnership shows that hydrogen power is still a viable option for the future of transportation alongside electric vehicles"
X Link 2024-09-12T09:13Z 25.6K followers, [---] engagements
"Rwanda has begun construction on Kigali Innovation City (KIC) a $300-million project aimed at becoming a leading African tech hub. Full story https://tinyurl.com/4kc3cj2z https://tinyurl.com/4kc3cj2z"
X Link 2024-09-12T10:47Z 24.6K followers, [---] engagements
"ADANI'S AIRPORT PLANS GROUNDED A Kenyan court has stopped the government's plan to let Adani Airport Holdings operate the main airport in Nairobi for [--] years. The court is reviewing the deal which critics say is unconstitutional and not good value for taxpayers. The government says the airport needs upgrading and private funding is necessary. Adani Airport is part of Indian billionaire Gautam Adani's business empire"
X Link 2024-09-12T11:48Z 26.6K followers, [---] engagements
"FIRSTRAND ACHIEVES 4% GROWTH FirstRand made more money this year earning R37.9-billion up 4% from last year. They had to set aside R3-billion for a UK problem but still did well. They also gave shareholders more dividends up by 8%. Their businesses in South Africa and Africa did great helping them handle the UK issue. They expect growth in business loans but not much in personal loans until costs go down"
X Link 2024-09-12T13:44Z 39K followers, [----] engagements
"PWC HIT WITH R1.1BN FINE PwC was fined over R1.1-billion and banned in China for six months due to its failure to spot significant financial issues in Evergrande Chinas largest real estate firm before its [----] collapse. Chinese regulators criticised PwC for neglecting due diligence in Evergrande's audit. PwC admitted that its auditors fell short of standards and the firm promised to strengthen its operations in China to rebuild trust"
X Link 2024-09-13T15:14Z 24.7K followers, [---] engagements
"AFC FUNDS AFRICAN STARTUP BOOST Itana a digital zone in Nigeria has teamed up with Accelerate Africa to help new businesses grow. They offer tools and support for startups to expand across Africa. Itana provides easy business setup tax benefits and more. Africa Finance Corporation is funding this initiative helping startups with money to achieve their goals. This partnership aims to boost Africa's digital economy by aiding entrepreneurs"
X Link 2024-09-16T07:14Z 26.7K followers, [---] engagements
"SAS STARLINK DELAYS CONTINUE Elon Musks Starlink is in talks with the South African government to launch its satellite internet service. President Cyril Ramaphosa discussed potential investments with Musk urging him to invest in South Africa where Starlink still needs regulatory approval. Although Starlink has [---] million global customers its entry into South Africa faces challenges due to Black ownership requirements under local laws aimed at addressing apartheid inequities"
X Link 2024-09-16T08:11Z 26.4K followers, [----] engagements
"FUEL PRICE CHAOS NATIONWIDE The Nigerian National Petroleum Company (NNPC) announced petrol prices will vary across the country ranging from N950 (R37.40) in Lagos to N1019 (R40.60) in Borno due to logistics costs. Prices are no longer government-controlled but set through negotiations. NNPC pays Dangote Refinery in dollars for now switching to naira in October [----]. Dangote dismissed claims of overpriced sales promising affordable fuel and ending scarcity as the country adjusts to new fuel pricing systems"
X Link 2024-09-16T11:21Z 25.6K followers, [----] engagements
"KENYA-GERMANY DEAL EXPLAINED Kenya and Germany signed a migration and mobility agreement but confusion arose after reports claimed [------] Kenyans would benefit a figure Germany denies. The deal promotes skilled worker mobility education and vocational training without specifying numbers. It aims to enhance cooperation on labour needs visas and combating forced labour. Kenyan students can study and work in Germany with potential for permanent residency if job offers meet legal requirements"
X Link 2024-09-16T17:21Z 26.8K followers, [----] engagements
"CEO ORDERED TO PAY R22M The Labour Court dismissed a claim by Joyce Mogale ex-CEO of National Health Laboratory Service (NHLS) for unfair dismissal and instead ordered her to pay R22-million due to procurement irregularities. Mogale and the late CFO Sikhumbuzo Zulu were held accountable for entering unapproved contracts worth millions. The NHLS welcomed the ruling citing the importance of accountability. Mogale disputes the judgment and plans to consult her lawyers"
X Link 2024-09-17T05:37Z 25.5K followers, [----] engagements
"TUPPERWARE FILES FOR BANKRUPTCY Tupperware known for its food storage containers filed for bankruptcy due to falling sales and competition. The company which started in [----] listed debts between $1-billion to $10-billion. It plans to sell its business while continuing operations. Of late Tupperware had been struggling closing its last U.S. factory and laying off workers"
X Link 2024-09-18T04:56Z 25.5K followers, 12.6K engagements
"FISHY WAGES AT OCEAN BASKET The Department of Labour alleges that Ocean Basket in Menlyn Pretoria owes over R800000 in unpaid wages but the restaurant's CEO Grace Harding denies these claims stating all staff are legally employed and paid. An inspection also targeted Babel Restaurant revealing underpayments and labour law violations. Both restaurants face scrutiny over compliance with employment laws with Babel owing around R567000 to its workers"
X Link 2024-09-18T06:09Z 24.7K followers, [----] engagements
"BOLTED DRIVERS DEMAND FAIR FARE E-hailing drivers from Uber and Bolt marched in Cape Town to demand better pay and regulation of the industry. They want a standard rate of R13.50 per kilometer to increase their earnings. The drivers handed over a list of demands to the Western Cape legislature asking for government intervention to ensure fair treatment and to address ongoing issues with app companies. The march appeared peaceful and the department promised to review their concerns"
X Link 2024-09-18T14:00Z 24.7K followers, [---] engagements
"STANDARD BANK EARNS GLOBAL PRAISE Standard Bank Group has garnered recognition from two prominent U.S. publications for its strong performance and corporate culture. TIME Magazine included South Africas largest bank in its list of the worlds best companies while Newsweek recognised it as one of the worlds most trustworthy firms. These honours from globally respected magazines affirm our commitment to delivering top-notch services to clients across Africa and beyond said Sim Tshabalala group CEO. TIMEs ranking evaluates companies based on factors like employee satisfaction revenue growth and"
X Link 2024-09-19T05:06Z 26.7K followers, [---] engagements
"ROAD TO BIGGER EARNINGS Raubex expects its earnings to jump by 45%-55% for the six months ending August with headline earnings per share rising to between [-----] cents and [-----] cents. The company valued at around R10-billion credits strong performance in construction materials roads and infrastructure. Raubex which operates in Southern Africa and Western Australia is expanding steadily with a current order book of R25.5-billion. Earnings results will be released on November 11"
X Link 2024-09-19T06:10Z 24.1K followers, [---] engagements
"HIGH EARNERS FEEL THE PINCH FNB reports that even its wealthiest clients are feeling the strain of South Africas tough economy with more entering debt review due to high inflation and interest rates. Mortgage and personal loan defaults are rising and many high-income earners are in debt counselling. Middle-income households showed improved confidence due to economic developments like lower fuel prices a stronger Rand and the new two-pot retirement system"
X Link 2024-09-19T10:01Z 26.5K followers, [---] engagements
"BAT RESTRUCTURES WITH NEW CZAR British American Tobacco (BAT) has restructured its management to focus more on sustainability and smokeless products. Kingsley Wheaton moves to a new role as Chief Corporate Officer from his previous position aiming to push BAT's sustainability and harm reduction strategies. This shift supports BAT's goal to expand its smokeless products which now make up 18% of its revenue with the company adding [---] million users to this category recently. These changes reflect BAT's strategy to adapt to a changing market focusing on less harmful alternatives to traditional"
X Link 2024-09-19T12:00Z 24.7K followers, [---] engagements
"The Reserve Banks Monetary Policy Committee decided to reduce the policy rate by [--] basis points to 8% per annum with effect from [--] September. The decision was unanimous"
X Link 2024-09-19T13:18Z 24.7K followers, [---] engagements
"DISCOVERY REPORTS STRONG GROWTH ACROSS ALL BUSINESS SEGMENTS Discovery recorded a 17% rise in normalised operating profit for the year ended June [----] increasing its dividend to shareholders by 38%. Headline earnings per share (Heps) rose 7% to [----] cents while the net asset value grew 16%. Discovery's businesses in wellness healthcare life insurance banking and savings showed strong growth with core new business annualised premium income up 18%. Discovery Bank despite a 41% drop in normalised profit reduced its operating loss by 89% and reached [--] million clients ahead of its [----] target."
X Link 2024-09-20T07:38Z 24.1K followers, [---] engagements
"MUSK BACKS TRUMP STAFF BACK HARRIS Elon Musk has endorsed Donald Trump for the [----] presidential race but employees at his companies are financially supporting Kamala Harris. 📌 Tesla workers contributed R820000 to Harris compared to R476000 to Trump. 📌SpaceX employees donated R661000 to Harris and just R146000 to Trump"
X Link 2024-09-20T12:02Z 25.5K followers, [---] engagements
"JPMORGAN STRIKES GOLD JPMorgan increased its stake in Sibanye-Stillwater to 6.17% reflecting bullishness towards gold as US interest rate cuts boost demand. Gold prices surged to R49734/oz with expectations of reaching R48000/oz by year-end. Sibanye's share price rose by nearly 20% after strong interim results. Despite past challenges with platinum group metals the companys restructuring efforts are paying off positioning it to benefit from higher gold prices"
X Link 2024-09-23T06:54Z 24.7K followers, [----] engagements
"PLEASE CALL ME CASE UPDATE Vodacoms BEE unit Yebo Yethu has joined the 16-year legal battle between Vodacom and former employee Nkosana Makate over his invention Please Call Me. Yebo Yethu argues that a large payout (potentially up to R29-billion) could collapse its empowerment efforts affecting [-----] Black shareholders. Vodacom is appealing a court ruling to reassess Makates compensation fearing the decision could undermine its BEE scheme which holds a 5.51% stake in the company"
X Link 2024-09-23T08:13Z 25.4K followers, 279.5K engagements
"EXECUTIVE APPOINTMENTS NOVA Bank has appointed David Isiavwe as Executive Director of Operations and IT and Chinwe Iloghalu as Executive Director of Institutional and Commercial Banking. David brings over [--] years of experience in digital banking and technology while Chinwe has a similar tenure in corporate banking. Their expertise will help NOVA expand its innovative "phygital" model combining physical and digital services as the bank grows its national presence and enhances customer experiences in Nigeria"
X Link 2024-09-23T13:20Z 30.2K followers, [---] engagements
"HUAWEI FOREIGN NATIONALS ISSUE Huawei has successfully transitioned from a foreign-dominated workforce to a more localised one now employing 56% South Africans as of March [----]. This comes after settling a legal dispute with the Department of Employment and Labour in [----] where Huawei agreed to increase local employment above 50% within three years. While locals hold most lower-level roles foreign nationals still dominate top management but Huawei is actively recruiting for senior positions and developing tech skills in South Africa"
X Link 2024-09-25T06:13Z 26.3K followers, [---] engagements
"ESKOM ASKS FOR 36% PRICE INCREASE Eskom wants to raise electricity prices by 36% for [----] much higher than the current 4.4% inflation. With R400-billion in debt Eskom still struggles to provide reliable electricity. Previous price increases havent covered its costs. The government has warned that no more support will come pushing Eskom to seek higher tariffs to stay financially stable. Future hikes are also planned for [----] and 2028"
X Link 2024-09-25T09:35Z 25.5K followers, [----] engagements
"INVESTEC BANKS ON DUBAI Investec is opening an office in Dubai to connect with South Africans and expatriates living there. CEO Cumesh Moodliar noted the growing number of South Africans in Dubai estimated at [------] to [------]. Investec aims to engage with family offices managing significant wealth and support Dubai investors interested in South Africa"
X Link 2024-09-25T12:45Z 24.7K followers, [---] engagements
"PPC'S PROFITS IN A HARD MIX PPC saw average cement prices rise but sales volumes dropped 5.3% for the four months ending July. Revenue fell by 2.1% with the South Africa and Botswana segment down 1%. PPC Zimbabwes sales volumes dropped 10.9%. A special dividend of R521-million was issued after selling its 51% stake in Cimerwa for R809-million"
X Link 2024-09-30T08:34Z 24.6K followers, [---] engagements
"NEW CEO NEW CHALLENGES Nike's new CEO Elliott Hill takes charge in October facing challenges like losing market share to smaller rivals. Analysts expect Nikes quarterly earnings to show a 10% revenue drop to R223-billion. Hill is expected to receive a "grace period" to turn things around though analysts believe improvements might not appear until [----]. Despite these hurdles Nike shares rose 10% since Hill's announcement"
X Link 2024-10-01T07:00Z 24.6K followers, [----] engagements
"EARNINGS SOAR DOUBTERS SNORE Capitec Bank has reported a 36% increase in half-year earnings to R6.4-billion despite tough economic conditions. The bank with over [--] million clients tightened lending rules resulting in a 15% drop in credit impairments. Non-interest income grew by 22% driven by value-added services. Capitec's shares rose nearly 1.4% and have more than doubled since the pandemic. The bank is also expanding its digital and business banking solutions while exploring offshore opportunities"
X Link 2024-10-01T08:13Z 27.7K followers, [----] engagements
"SHEIN & TEMU WORRY TRUWORTHS Truworths faces tough competition from Chinese online retailers Shein and Temu who are popular in South Africa. To stay competitive Truworths plans to enhance its fashion intelligence and invest in its own brands. Additionally theres growing concern about CEO pay in retail; Truworths' CEO earned R55.5-million in 2024"
X Link 2024-10-03T08:16Z 37.9K followers, [----] engagements
"Sanlam Finalises Acquisition of Assupol The acquisition marks the expansion of South Africas largest non-banking financial services group which is taking over Assupol through its wholly owned subsidiary Sanlam Life Insurance. The proposed acquisition was initiated after long-time Assupol shareholders Bidvest which holds 46.02% of Assupols securities and the International Finance Corporation (IFC) holding 19.41% announced their intention to sell their respective stakes. Assupol established in [----] as a burial society is the parent company of the Assupol group which operates through two wholly"
X Link 2024-10-08T07:40Z 24.1K followers, [----] engagements
"BILLIONS BACK TO SHAREHOLDERS African Rainbow Capital (ARC) co-run by Johan van der Merwe and Johan van Zyl and backed by Patrice Motsepe reshaped Alexforbes strategy after acquiring a 42% stake in [----] for R3-billion. By streamlining operations and focusing on advice and distribution Alexforbes became more efficient returning over R2.5-billion to shareholders. The company now valued at R9.2-billion saw its stock rise 60% with operating income up 12% and assets under management reaching R525-billion"
X Link 2024-10-09T06:13Z 39K followers, 16.9K engagements
"COURT RULING ON SIBANYE A UK court ruled that Sibanye-Stillwater can't back out of a R22-billion deal to buy Brazilian mines from Appian Capital. Sibanye claimed a pit collapse made the deal risky but the court disagreed saying the incident wasnt significant enough. Appian will seek damages from Sibanye for breaking the contract. The trial to determine the damages will take place in November. Sibanye plans to defend itself vigorously"
X Link 2024-10-10T14:16Z 35.4K followers, [----] engagements
"TOYOTA TO CUT JOBS Toyotas chair Akio Toyoda cautioned that a shift to only electric vehicles (EVs) could lead to significant job losses in Japan's automotive sector which employs [---] million people. He expressed concern for those involved in engine-related work. While Toyota has been cautious about transitioning to EVs it supports a multi-pathway strategy combining hybrids hydrogen fuel-cell vehicles and traditional powertrains. Toyoda noted that EVs may only capture 30% of the global auto market. Toyota sold over [------] electric vehicles (EVs) in [----]. While Toyota is making strides in"
X Link 2024-10-11T10:06Z 24.1K followers, [---] engagements
"BELL PROFITS RINGING LOWER Bell Equipment expects its profit for [----] to drop by at least 25% due to weaker market conditions affecting production and sales. Headline earnings per share are expected to fall from [---] cents. Despite challenges Bells share price remains up 82% this year though it fell 3.41% to R42.50 on Friday. The companys strategy includes shifting truck production to Germany to improve efficiency and free up space in South Africa"
X Link 2024-10-11T12:22Z 24.1K followers, [---] engagements
"FROM SA TO THE USA In [----] sisters Michelle and Morongwe Mokone from Pretoria turned their side hustle of selling handmade crafts into a thriving business Mos Crib which focuses on eco-friendly homeware made from recycled materials. Initially selling paper origami they now produce items like laundry baskets and outdoor furniture. Despite challenges in sourcing materials they supply major retailers like Mr Price Home and Target in the US. The company employs over [---] people and promotes workplace sustainability aiming to expand globally while giving back to their community"
X Link 2024-10-13T14:44Z 30.9K followers, [----] engagements
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