Phuthuma Nathi investors stand to score big in the unbundling of MultiChoice from Naspers

Ujuh Reporter Investors in the Phuthuma Nathi B-BBEE scheme stand to score in a big way from the proposed unbundling of MultiChoice and other  related business from Naspers. This was clear from the excitement of Phuthuma Nathi share price during the course of the day. The share price had gained more than 30% by early … Read morePhuthuma Nathi investors stand to score big in the unbundling of MultiChoice from Naspers

Our company is going under – Can creditors come for our personal assets

“My wife and I are the sole shareholders and directors of our family company. We’ve had a few good years, but with the current economic times, despite our best efforts to keep the company afloat, it doesn’t look like the company is going to make it. For the first time this reality has hit us … Read moreOur company is going under – Can creditors come for our personal assets

Fabric manufacturer pays R6m penalty for colluding in tender for government uniforms 

SATopShops A case of collusion against Berg River Textile  and Eye Way in the business of supplying fabric used by the Department of Correctional Services, SA Air Force and Military Health Services to manufacture uniforms could land black economic empowerment (BEE) fronters  in the firing line of the Competition Commission. The Commission has imposed a penalty of … Read moreFabric manufacturer pays R6m penalty for colluding in tender for government uniforms 

Vodacom Signs Up Close To A Million 4G Customers

Tech Financials Close to a million customers have joined Vodacom’s 4G network in the quarter to end-June 2018. “We continue to grow our current 4G data users, adding 739 000 4G customers in the quarter reaching 8.1 million customers,” Vodacom informed investors on Tuesday. The Vodafone-owned mobile phone operator said it had spent R2 billion … Read moreVodacom Signs Up Close To A Million 4G Customers

Woolworths is hurting as a result of Australian troubles

  SATopShops Is South African retailing giant, Woolworths, becoming another victim of an overzealous, if misguided, offshore acquisitive expansion. That question becomes even more relevant with the latest Woolworths’ trading update reflecting about 150% collapse in earnings. The collapse is largely explained by challenges in David Jones, an Australian operation acquired by Woolworths three years … Read moreWoolworths is hurting as a result of Australian troubles

Comair hopes to jump-start growth after renewing partnership with Sabre

SATopShops Comair, the JSE listed airliner which operates kulula.com and a British Airways franchise from South Africa has renewed its systems service relationship with Sabre Corporation. The NASDAQ listed global travel technology provider, Sabre Corporation, provides Comair with passenger reservations system, commercial systems and operations systems. Comair has used Sabre’s technology since 2012. The new … Read moreComair hopes to jump-start growth after renewing partnership with Sabre

Vodacom’s Yebo Yethu BEE scheme delivers value and gains new future

Ujuh Reporter Investors in the 10 years old Vodacom’s Broad Based Black Economic Empowerment (B-BBEE) scheme, Yebo Yethu, are in line to realise significant gains and an opportunity to participate in a new R17.5 billion empowerment transaction of the JSE listed telecommunication giant. With Yebo Yethu set to mature in October, Vodacom announced this week … Read moreVodacom’s Yebo Yethu BEE scheme delivers value and gains new future

Retailing group, Massmart, sees red and is cutting jobs

SATopShops Massmart, the parent company of mainstream retailers like Game, Makro, Builders Warehouse, Dionwired, Rhino Cash & Carry, Trident, Cambridge Food and Jumbo, is seeing red and has resorted to a massive rationalisation process that includes cutting down jobs. The group estimates that its earnings for the six-month period to June, before taking the restructure costs … Read moreRetailing group, Massmart, sees red and is cutting jobs

Diversity will also be served as powerful Olufunke Ighodaro takes up Massmart post

SATopShops Massmart, the Johannesburg based retailing group which is controlled by global American giant Walmart, announced some changes to its board including the appointment of Olufunke Ighodaro as non executive director and a member of audit and risk committees. Ighodaro joins a board chaired by Kuseni Dlamini and in addition to her formidable experience and expertise, brings … Read moreDiversity will also be served as powerful Olufunke Ighodaro takes up Massmart post

South African Airways: On the suspension of SA Express’ operations

SATopShops Following the suspension of SA Express operating license over maintenance-related safety issues, its parent company South African Airways said it has noted the decision by the aviation regulator to suspend all South African Express flights. The South African Civil Aviation Authority (SACAA) grounded South African Express flights after uncovering 17 non-compliance areas, five of which are … Read moreSouth African Airways: On the suspension of SA Express’ operations