Black ownership on JSE stuck at 1.5% despite decades of BEE deals
Black ownership of South Africa’s largest listed companies remains strikingly low, despite decades of Black Economic Empowerment (BEE) transactions. The Black... Read more.
SAB’s black shareholders see red over dividend payouts
Black shareholders of brewing firm SAB are up in arms, alleging they have not seen financial returns on their broad-based black economic empowerment (B-BBEE) investment... Read more.
Streaming war and African audiences
The race to dominate Africa’s fast-growing streaming market is heating, with global media companies competing for a share of an audience estimated at around 100... Read more.
Mr Price expands store network as profits cross R6bn mark
Mr Price group has reported solid annual financial performance amid volatile trading environment and pressure on consumer spending. The group increased total revenue... Read more.
Canal+ targets lower DStv subscriptions through bundled streaming
Cash-strapped DStv subscribers could soon see some relief as Canal+ moves to reduce monthly subscription costs. The French media giant, which now owns MultiChoice,... Read more.
‘They want to hire temps via backdoor’: NUM cries foul as Bakubung mine launches retrenchments
The National Union of Mineworkers (NUM) is accusing Bakubung Platinum Mine of introducing temporary workers through the backdoor at the expense of permanent employees.... Read more.
Pick n Pay halts retrenchments of over 22K workers after state intervention
Retail giant Pick n Pay has temporarily halted mass retrenchment processes after a meeting with Minister of Employment and Labour Nomakhosazana Meth on Wednesday.... Read more.
FlySafair cuts fuel surcharge as jet fuel prices ease
Low-cost domestic airline FlySafair has announced a cut to its dynamic fuel surcharge, dropping it to below the 40% peak reached in late March. The surcharge was... Read more.
Bakubung Plantinum Mine to retrench nearly 500 employees
Bakubung Platinum Mine has begun a formal retrenchment process that could affect close to 500 employees across the business. Owned by Wesizwe Platinum, which is... Read more.
Nedbank rolls out AI-powered quick loans to widen credit access
Nedbank has partnered with fintech firm JUMO for a new digital lending solution aimed at expanding access to short-term credit, particularly for consumers who have... Read more.
