Browsing: News

Christmas sales will be dominated by more affordable tablets and smartphones, digital toys and niche homeware items. That’s the prediction of Pick n Pay’s Mark Wood, who heads the retailer’s generation merchandise buying division

The banking industry’s gross fraud losses due to South African-issued credit card fraud has soared in 2014. In the first nine months of the year, losses have accelerated to R453,9m, from R366m in the same period a year ago. The biggest contributor

Spain’s Zwipit has been launched in South Africa, promising consumers cash for their old phones and tablets. South Africa is the 10th country in which Zwipit, which was founded in 2011 and which is headquartered in Madrid, has been launched. Other markets where it operates include

Tencent continues to underpin the Naspers growth story, with the Chinese company contributing a stronger-than-expected R6,2bn to the JSE-listed group’s core headline earnings in the six months to end-September 2014. Indeed, the Internet segment remains the fastest growing part of the Naspers stable and

Operations at the South African Post Office (Sapo) are improving as the number of employees returning to work increases, the entity said on Monday. “The number of Sapo employees that have heeded the call to return to work … has increased sharply,” said Simo Lushaba, head of the

The ANC is not in favour of privatising the country’s power system, despite problems with parastatal Eskom, secretary general Gwede Mantashe said on Monday. “Electricity remains a public good and therefore, if you totally privatise

Financially distressed technology services company Gijima has appointed Bill Hoggarth, who was named as its chief sales officer in May, to its board of directors. Gijima, which is currently seeking to raise R100m from shareholders through a new rights offer, says Hoggarth’s appointment as an executive

Within two years, South Africa could have a further 1,2GW of renewable energy entering the grid. The bidders have been selected and the companies are waiting for financial sign-off so they can start building. But policy uncertainty and a new focus on nuclear energy are responsible for a nearly 18-month

The electricity supply is expected to be constrained during the week, Eskom said on Monday. “There is no scheduled load shedding at this stage, but the second half of the week is expected to be very tight,” said spokesman Andrew Etzinger. Eskom’s diesel generators were under

Public protector Thuli Madonsela has filed her application to contest a judgment that deemed her findings and remedial actions not binding. “The court will let us know when they have considered our notice,” said the protector’s