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PIC suspends CEO and CIO amid governance crisis

Edward West|Published

The Public Investment Corporation has suspended its CEO and CIO amid a governance crisis linked to a controversial investment in Lanseria Airport, raising concerns over its management of pension funds.

De Beers pauses production at Venetia mine to cut costs in a difficult diamond market

Edward West|Published

De Beers announces a two-year pause in production at its Venetia mine in South Africa, citing cost reduction amid pressures from laboratory-grown diamonds and a ...

Shoprite's AI, Pixie, reaches 98% adoption among Sixty60 members

Ashley Lechman|Published

Millions of personalised shopping interactions and a customer completing a R1 500 grocery order in just 15 seconds highlight the growing role of artificial intelligence ...

AngloGold Ashanti proposes R32 billion share buyback to enhance shareholder value

Edward West|Published

AngloGold Ashanti is seeking shareholder approval for a R32 billion share buyback programme over five years, despite mixed recommendations from proxy advisory services. ...

Apple sues OpenAI for stealing trade secrets

AFP|Published

The lawsuit marks a dramatic escalation in tensions between two companies that partnered in 2024 to integrate ChatGPT into Apple's products.

Nasan Energies acquires 52 retail service stations in Namibia for over R800 million

Edward West|Published

Nasan Energies, led by young entrepreneur Miguel Hamutenya, has made a landmark acquisition of 52 retail service stations in Namibia, valued at $50 million, marking ...

Woolworths launches My Woolies Chef: An AI-powered food assistant for meal planning

Edward West|Published

Woolworths is set to enhance its digital shopping experience with My Woolies Chef, an AI-driven food assistant that simplifies meal planning and connects customers ...

Rethinking qualifications: The hidden talents on South Africa's factory floors

Merel van der Lei|Published

South Africa's manufacturing sector faces a critical skills shortage, with traditional qualification systems failing to recognise the real competencies of workers ...

South Africa's anti-migrant protests: Economic implications and labour market risks

Sharenet and Reuters|Published

Frustrations over unemployment and crime fuel South Africa's anti-migrant protests, but experts warn that the exodus of foreign workers could harm local businesses ...

How AI Can Reshape Higher Education in South Africa

Rowen Pillai|Published

Explore how viewing AI as a structural transformation rather than merely a tool can revolutionise higher education in South Africa, addressing the skills gap and ...

JSE plans amendments to listings requirements to enhance market competitiveness

Edward West|Published

The Johannesburg Stock Exchange (JSE) has proposed significant amendments to its listings requirements following extensive consultations with stakeholders, aiming ...

The impact of Sars' trust penalty write-off on compliance

Phia van der Spuy|Published

SARS's recent decision to write off over R 70 million in penalties for non-compliant trustees raises questions about compliance and future enforcement. This article ...

Siyanda Bakgatla Platinum Mine partners with NOA for renewable energy supply

Edward West|Published

Siyanda Bakgatla Platinum Mine has signed a significant agreement with NOA to secure 288 GWh of renewable energy annually, enhancing operational resilience and sustainability ...

Smart borrowing: how to manage your finances effectively

Eugene De Vililier|Published

Discover how smart borrowers manage their finances effectively by planning ahead, setting clear goals, and making informed decisions. Learn practical tips to navigate ...

Brait's strategy to unlock value through asset distribution and Virgin Active listing

Edward West|Published

Brait is finalising its strategy to unlock shareholder value through asset distribution and is preparing Virgin Active for a potential listing within two years, ...

Tax Court warns against complex tax avoidance schemes

Dieketseng Maleke|Published

The South African Tax Court's recent ruling highlights the dangers of complex tax structures designed for avoidance, reaffirming the importance of genuine commercial ...

Point of view: how National Savings Month encourages financial resilience in tough times

Dieketseng Maleke|Published

Explore how National Savings Month encourages South Africans to build financial resilience amidst rising living costs and interest rates. Discover expert tips on ...

Union warns of 'conflict' as Volkswagen eyes mass job cuts

AFP|Published

Europe's largest carmaker has come under intense pressure from US tariffs, slimmer profit margins from electric cars and above all intense competition in China, ...

German software giant SAP avoids EU fine

AFP|Published

The European Commission opened an antitrust investigation into SAP -- which offers both traditional software and cloud-based computing services -- in September over ...

Sunlyn acquires Capitec Rental Finance to strengthen its market position

Edward West|Published

Sunlyn, backed by Sasfin, has announced its acquisition of Capitec Rental Finance, a strategic move aimed at enhancing its position in South Africa's rental finance ...