Source: Unsplash Year-to-date data reveals that new vehicle sales in South Africa reached 401,169 units by September 2024, reflecting a decline of -5.8% compared to the same period in 2023. Similarly, exports fell to 289,198 units, showing a significant drop of -19.7%. A key factor in this export decline is the waning demand for models…
More than 17 million people applied for the R370-a-month Social Relief of Distress (SRD) grant in September 2024, according to the latest figures supplied by the South African Social Security Agency (Sassa). This is an increase of more than three million people since September 2021, when 13.8 million people applied. About a quarter (4.1 million)…
Source: Reuters He struggled to buy a farm because he could not secure funding, but eventually found a partner that supplies him with olive oil that he blends into his own signature product. Manga’s brand has started to take off, with bottles of his olive oil stocked by upmarket South African retailer Woolworths. He wants…
Piyush Pandey, former global chief creative officer of Ogilvy was honoured. Source: Supplied. Special award As the man who put Indian advertising on the world map, Pandey is the second creative giant to be conferred this award by LIA. He has been the executive chairman of Ogilvy India since 2004. He has also served as…
Image source: wirestock – 123RF.com In such cases, time is of the essence, as ex-employees may try to withdraw their pension benefits quickly. To have a chance of recovering the lost monies, an ex-employer must promptly apply for an interdict. However, for an interdict application to succeed, there are stringent requirements that the applicant must…
Source: Supplied. It marks CFAO’s first healthcare investment in the country, which is the second-largest market on the continent. The new entity will operate as CFAO Healthcare in South Africa. CFAO Healthcare, a division of CFAO Group, continues its mission of enhancing healthcare globally by manufacturing, distributing, and providing pharmaceutical and medical products and related…
Shingai Muringi (32), who was being represented by Claud Bare, appeared before Harare magistrate Lisa Mutendereki. THE trial of a Harare businessman who is facing charges of fraud involving US$50 000 commenced on Wednesday with the first witness testifying against him. Shingai Muringi (32), who was being represented by Claud Bare, appeared before Harare magistrate…
Source: Supplied. Ferdinand Ngon Kemoum, group chief executive officer, Orabank Group and Reda Helal, group managing director – processing, Africa and co-head group processing, Network International. The partnership is a significant milestone in enhancing the banking experience for Orabank group customers and enabling the bank’s digital transformation with innovative solutions. It will leverage Network International’s…
Source: 123RF. The firm recalculated certain amounts and ratios using publicly available data for comparability. Despite a challenging operating environment, the report highlighted that these banks have still achieved positive growth during the first six months of 2024. The “Big Four” banks’ combined headline earnings rose by 2.5% to R56.8bn, while bad debt hit R27.1bn….
PRESIDENT Emmerson Mnangagwa PRESIDENT Emmerson Mnangagwa has bemoaned the resurgence of the parallel market, which he says is threatening the recently introduced Zimbabwe Gold (ZiG), adding that corrective measures will be instituted to protect Zimbabweans from economic disruption. The Reserve Bank of Zimbabwe (RBZ) last Friday devalued the ZiG to 24,3 per United States dollar…
