Car repos on the rise
After an influx of complaints about the repossession of vehicles by banks when people fall behind with their vehicle finance repayments, the Ombudsman for Banking Services (OBS), Reana Steyn, says it is necessary to clarify the rights of both consumers and banks in...
Tech trends for 2024 and beyond
In its top strategic predictions for 2024, Gartner explores how generative AI (GenAI) has changed executive leaders’ way of thinking on every subject - and how to create a more flexible and adaptable organisation that is better prepared for the future. “GenAI presents...
Business confidence edges up
The Bureau for Economic Research (BER) reported on 9 September that South African business confidence improved in the third quarter - though remained very pessimistic. By Lullu Krugel, chief economist for PwC Strategy Africa, and Dr Christie Viljoen, PwC Strategy&...
SA’s Luno snapped up by global blockchain investor
South African-founded cryptocurrency exchange Luno has been acquired by Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies. Luno began in South Africa in 2013. It now has 5-million customers spanning over 40...
Alviva expects lower earnings for 2020
Alviva Holdings has issued a trading statement warning stakeholders of significantly lower earnings for the year ended 30 June 2020. Headline earnings are expected to be 52% to 58% lower than last year, down from R426-million to between R180-million and R205-million....
Cheques to be phased out by year-end
The South African banking industry is phasing out the use of cheques, and will stop honouring cheques issued from 1 January 2021. Standard Bank tells customers that the use of cheques has declined significantly as consumers shift to digital payments. "In response, and...
Companies lag in work from home security
More people than ever are working from home, but companies have so far failed to increase their security training and awareness. As of mid-February, about 4,7-million US employees were working remotely, with social distancing measures introduced in March causing that...
70 000 used cars to choose from on Gumtree
South African vehicle sales may be down by nearly one-third compared to winter 2019, but the market for used cars is growing, with South Africa's most perennially popular brands leading the virtual sales lot, according to Gumtree.co.za. Recent Wesbank data suggests...
Telkom announces board changes
Telkom has announced that Santie Botha and Khanyisile Kweyama, both independent non-executive directors of the board of directors, will retire with effect from 25 September 2020 and 31 December 2020 respectively. Alphonzo Samuels and Hemmanth (Herman) Singh have been...
M4Jam, Lucha Lunako tackle youth unemployment
Gig technology company, M4Jam and youth development lab Lucha Lunako have entered a partnership to provide work and training opportunities to young unemployed people around South Africa. Beginning with about 100 unemployed youth, the collaboration will create a...
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