The court heard that the parties failed to resolve the matter amicably, resulting in a contested trial. A HARARE magistrate has ordered Lobels (Private) Limited to pay damages to a former employee after he was wrongfully accused and arrested for theft. Magistrate Sharon Mashavira awarded Hardlife Chauke US$14 000 after she ruled that Lobels had…
Castle Lager’s sponsorship translated into returns of over R8.2m in advertising value from logos, signage, and media mentions from the Rugby Championship game match between the Springboks and Argentina (Image supplied) Think of the controversy surrounding the SARU over a potential R1.3bn equity deal with Ackerley Sports highlights and it is apparent just how sponsorship…
Source: Reuters/Siphiwe Sibeko Pick n Pay previously said proceeds from the IPO could be between R6bn and R8bn ($339m and $452m). The retailer said in a statement that the Boxer IPO would include an overallotment option, which was not expected to exceed R500m and would be settled through the issuance of new shares. An overallotment…
Homeowners are reaping the rewards of this trend, earning substantial daily rates (R10,000 to R70,000) for film shoots and enjoying capital growth of 2% to 3.9%. This potential for high rental income and appreciation is attracting savvy investors seeking a hedge against inflation. Prime locations like Clifton, Bantry Bay, and Constantia are in high demand,…
Image source: fauxels from Pexels The International Monetary Fund report released halfway through 2024 found that while global growth looks relatively stable on the surface, there are undercurrents affecting overall positivity and momentum. The world is, as the report describes, in a sticky spot. And people do not work in isolation of these undercurrents. Gallup…
SAIW 2024 participants Mandla Makhubela of Bazil Technologies emerged as the overall winner, receiving additional R5,000, high-tech welding tools, and a VIP ticket to SAIW’s annual Gala Awards dinner. Makhubela also won the top awards in the categories of best carbon steel and best stainless steel welder. Gaylon Peterson from Alstom Ubunye was awarded the…
Image supplied “The all-new Kia Tasman presents an exciting new opportunity for Kia globally, and indeed in South Africa.We are hard at work to make the Tasman’s local introduction a reality, and based on current planning, we aim to do this in the second half of 2025,” said Turnbull. The Kia Tasman will initially launch…
Image source: Kampus Production from Pexels This is according to a group of researchers from Stellenbosch University (SU) and the University of the Western Cape (UWC). They searched two leading healthcare databases for relevant systematic reviews published between 2018 and 2023 on the role of occupational therapy in stroke care and recovery. The aim was…
The proposed transaction would have seen Vodacom, South Africa’s largest mobile operator, acquire a stake in Maziv, one of the country’s leading fibre infrastructure providers. Vodacom said this move was to accelerate fibre rollout, particularly in underserved communities, and potentially bridge the digital divide. Competition authority blocks Vodacom’s proposed merger with Maziv Nqobile Dludla 52 minutes…
Image source: bowie15 – 123RF.com The Competition Tribunal, which makes the final ruling on deals, said in a statement that its reasons for the decision will be issued in due course. Vodacom announced in 2021 that it would pay R6bn ($339m) in cash and in certain fibre assets valued at R4.2bn for a 30% stake…
