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The Financial Sector Conduct Authority (FSCA) has withdrawn the licence of Global and Local Investment Advisors (Pty) Ltd FSP 43286 (Global and Local) and debarred Messrs Michael Haldane (Haldane) and Mauro Forlin (Forlin) for a period of 30 years. The sanctions against Global and Local, Haldane and Forlin followed an investigation by the FSCA. The …
In the News Today: KwaZulu-Natal Premier, Honourable Thamsanqa Ntuli, delivered a keynote address during the Durban Chamber of Commerce and Industry NPC’s prestigious 168th Annual Gala Dinner, held at the HollywoodBets Stadium. The event, themed around resilience and regeneration, brought together business leaders, government officials, and members of the diplomatic community to celebrate the Chamber’s …
Southern Africa’s biggest wine festival is returning to Sandton in October, featuring a broader selection of wines and more tasting sessions. WineX 2024 will showcase over 700 wines and attract up to 9,000 attendees from Gauteng. “This wine show allows enthusiasts and novice drinkers to explore different flavour profiles and learn about local wines, catering …
The Chery Group division comprising the fast-growing OMODA and JAECOO marques – Brand O&J – soared to a new high on South Africa’s sales charts in September 2024, ranking inside the top 15 on the overall manufacturer standings for the very first time. Based on figures reported to industry representative body naamsa, this latest placing …
WesBank, today, hosted its inaugural Movers and Mentors event, an initiative aimed at inducting learners into the corporate world by educating them on the various career options available in the financial sector. Sixty learners from Riverlea Secondary School in Johannesburg South had the unique opportunity to visit WesBank’s head office in Fairland, Johannesburg where they …
Employee burnout is a serious challenge facing companies of all sizes in South Africa. As businesses navigate a competitive environment and difficult economic conditions, they are often pressured to “do more with less.” Unfortunately, this often results in employees bearing the brunt through increasing workloads and rising stress levels. According to Warren Bonheim, co-founder of …
PRETORIA – The Pretoria Specialised Commercial Crimes Court has sentenced Andries Benjamin La Grange (50), the former Chief Financial Officer of Steinhoff, to 10 years’ direct imprisonment, of which 5 years are suspended for 5 years on condition that he is not found guilty of fraud during the period of suspension and that he gives …
The Nelson Mandela Bay Business Chamber notes with extreme concern that revised transport tariffs have been implemented into the prices for petrol, diesel and paraffin price structures for the metro and surrounding areas as from today. This results in the area being unfairly subjected to new pricing tariffs where consumers and businesses will pay more for […]
The Hyundai Motor Company celebrated a significant milestone on 30 September, marking 100 million units of global cumulative production. This achievement was accomplished in just 57 years since the company’s foundation, making it one of the fastest in the global automotive industry. In honor of this milestone, Hyundai Motor held a ceremony at its Ulsan …
The National Sea Rescue Institute (NSRI) is eager to embrace Starlink’s high-speed broadband satellite system’s transformative impact on its rescue operations and the broader South African community. “We are keenly interested in the recent South African government meetings with Starlink, Recognising the opportunities it presents for our service and our beneficiary community, which is 98% …
Cheetahs, the world’s fastest land animals, are beloved worldwide yet only a few people are aware that their population is rapidly declining, with less than 7,500 cheetahs remaining. 20 September 2024 saw JETOUR officially announce its strategic partnership with the Cheetah Conservation Fund (CCF) at their official South African launch in Sandton. JETOUR will support …
While the country welcomed the cut in interest rates during September, it wasn’t enough to stimulate new vehicle sales during the month. According to data released by naamsa | the Automotive Business Council, the South African new vehicle market declined 4,1% year-on-year to 44,081 units. The South African Reserve Bank made the much-anticipated decision to …
Dekra Industrial and its training division, the Dekra Institute of Learning (IOL) are pleased to announce their move into impressive new premises in Naledi industrial park outside Sasolburg – and the expansion of their existing premises in Secunda – with a dynamic ‘one-stop’ shop offering encompassing non-destructive testing (NDT), inspection, lifting inspections, vendor certification and …
Ravi Nadasen has been appointed as CEO for Africa and the Middle East of the Inspired Education Group, expanding his role as CEO for Africa to include an additional five schools in five countries. These include Mauritius, Morocco, Bahrain, Oman and Egypt. He continues to be based in Johannesburg, overseeing 18 schools in seven countries, …
South Africa’s wine industry is poised for a comeback, driven by rising local demand and the growing popularity of white wines like Cap Classique and Chenin Blanc in China. Exports of Cap Classique to China rose by 4% in 2023, despite a decline in overall wine exports. Although South Africa’s wine exports to China shrank …
Heart cancer is not a common disease but a rare type of cancer. It occurs when the damaged cells spread in large numbers that are not under your control. It might be caused by cancer affecting the kidneys, lungs, breasts or even the blood. Surgery, radiation, and chemotherapy are some of the common heart cancer …
The local manufacturing and industrial sector is showing increasing interest regarding switching to biofuels as a fuel source. However, the biomass fuels market is mostly still in its infancy, making it extremely challenging for South African companies to make the right decisions when moving away from traditional fossil fuels. “Quite often the available information on …
Durban, 30 September 2024 – The SPAR Group is making significant strides with its strategic refocus as it aims at delivering increased shareholder value and achieves growth in key segments. In a trading update for the 47 weeks to 23 August 2024 today, The SPAR Group confirmed that the sale of its Polish division was …
Standard Bank Group, the biggest bank in Africa by asset, and Meridiam, an independent investment Benefit Corporation and an asset manager, hosted a joint event to unlock investment opportunities in alternate energy infrastructure on the continent. Meridiam has been building its investment credentials on the continent since 2015 and has partnered with Standard Bank for …
In the News Today: The eThekwini Municipality is looking to rebuild the local economy by assisting small businesses such as tuckshops. The municipality has proposed strategic interventions in this sector to arrest the displacement of locals by foreign nationals. In a statement, the City said its executive committee had approved, on Thursday last week, the …
To wrap up Heritage Month 2024, the Coega Development Corporation (Coega), joined by the Nelson Mandela Bay (NMB) MMC for Sport, Recreation, Arts and Culture, Councillor Bassie Kamana, hosted an event for local community members at the Coega Business Centre, in Gqeberha. The event themed “Our History, Our Story, Our Heritage”, aimed to celebrate Coega’s […]
Nelson Mandela Bay businesses and residents must not be penalised with higher fuel prices, to compensate fuel wholesalers for additional costs of trucking fuel to the metro, due to repairing of the fuel berth in the Port of Port Elizabeth by Transnet. If Minister of Mineral & Petroleum Resources, Gwede Mantashe approves an application by […]
Friday, 27 September 2024: The 2024 Eskom Expo International Science Fair (ISF) reached an exhilarating conclusion, with our learners being awarded substantial cash prizes for their meticulously researched and methodologically sound projects. Held at the Emperors Palace Convention Centre in Kempton Park, the fair brought together the brightest young scientists from across South Africa and...
Friday, 27 September 2024: The Generation Operational Recovery Plan continues to ensure loadshedding remains suspended. Eskom has achieved more than six months (184 consecutive days) of uninterrupted power supply since 26 March 2024. Operational efficiency has remained in line with summer expectations, with unplanned outages averaging 11 911MW over the past seven days, compared to...
