Seismic shift needed in education system
A "seismic shift" in the education system is required to break the cycle of poverty and inequality in South Africa. This is according to says Oppenheimer Memorial Trust (OMT) chief executive Tracey Webster, who says: "South Africa is well aware of the issues that...
Organisations face greater risks
A worrying immaturity of ERM processes and a lack of understanding by executives and boards of the strategic value of an effective risk oversight process is emerging. At the same time, a new report shows a significant increase in the level and complexity of risks...
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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