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….
Source: Reuters. The purchase of the stake in the deep water field followed a competitive process held by French oil major Total, which operates the project and will retain a 40% stake in the block.
Frank van den Driest, founder of the Institute for Real Growth (Image supplied) The #NedbankIMC conference took place on Thursday, 19 September at The Focus Rooms, Johannesburg, where a lineup of international and local experts shared their knowledge with 2,000 delegates who attended virtually and in person. Bizcommunity chatted to some of the speakers. “The…
Legas Delaney has officially launched in South Africa. L to right: Ray Langa – SA group chief executive, Tim Delaney – founder and global creative director, Margaret Johnson – global CEO , and Ann Nurock – partner at Relationship Audits and Management. (Image: Danette Breitenbach) Launching at the Mesh Room in Rosebank the agency’s founder…
Top row, from left to right: Bas Vrijsen: client service director, JoeLabs | Xolisa Dyeshana: chief creative officer, Joe Public | Pepe Marais: Group Integrated Chief Creative Officer, Joe PublicBottom row, from left to right: Mpume Ngobese: co-managing director, Joe Public | Mia Roets: experience design director, JoeLabs | Vasilios Varfis: technology and digital product…
Image supplied The partnership kicked off in 2023 to investigate and advance the feasibility of an electric minibus taxi in South African conditions by testing production vehicles in South Africa. The project team, consisting of GoMetro, Powerfleet (formerly MiX Telematics), HSW, ACDC Dynamics, and various entities within Stellenbosch University’s Faculty of Engineering, conducted rigorous and…
Source: Supplied. The equity investment by Qatar Airways group will unlock new areas of co-operation with Virgin Australia, all of which will help to drive additional consumer and economic benefits. Subject to authorisation from the Australian Competition and Consumer Commission, this co-operation will enable Virgin Australia to launch flights from Brisbane, Melbourne, Perth and Sydney…
Artist’s renderings of the new IIE mega-campus | image supplied The new development will involve retrofitting and upgrading of the existing facilities, covering approximately 47,000m2. In addition, an office and lecture building, a new sports centre and a reconfiguration of the entrance on Grayston Drive will be built. It is anticipated that development will take…
While warmer weather might seem beneficial for crops like grapes, which can thrive in higher temperatures, the implications are more complex. Archive photo supplied. Climate change with higher temperatures poses numerous challenges for the South African wine industry. These include earlier harvests, less predictability, more pests, and higher sugar and alcohol levels that change the…
New Icasa regulations invites private sector to mail delivery party. Source: Kindel Media/Pexels Sapo has faced severe operational challenges in recent years, including financial distress, service backlogs, and logistical failures, leading to general dissatisfaction. The new draft regulations propose a framework to ensure a higher standard for mail services in SA, which will also create…
