Author: Gugu Lourie

10.0

Driving through the streets of Johannesburg, the Volvo EX30 consistently impressed during a test drive. Quick Verdict The EX30 offers a delightful driving experience, and its minimalist interior exudes refinement and uniqueness. Reasonably priced, the EX30 comes with a comprehensive array of standard safety features and equipment, making it a compelling choice. With impressive performance and a competitive electric driving range, this battery-powered Volvo model truly stands out. Tailored for the modern urban lifestyle, the EX30 is a compact luxury car that ticks all the boxes. The Volvo EX30 – a discreet yet thrilling hot hatch alternative – caters to those who…

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Used car sales grew 7% year-on-year in April 2024 with total sales amounting to R11.7 billion. While this looks to indicate a market that might be slowly recovering, the fewer public holidays in April this year does not perhaps reflect an accurate comparison. In the used car market, Volkswagen retained its second spot behind Toyota despite losing that position to Suzuki in the new vehicle market. Toyota led sales with 4,929 units ahead of Volkswagen’s sales of 3,903, and Ford sales of 2,943. Though still some way behind VW, Suzuki gained two positions in April, moving from ninth position to…

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Curiosity often surrounds the compensation packages of top executives, particularly in publicly traded companies. In this context, Balwin Properties, a prominent player listed on the Johannesburg Stock Exchange (JSE), is no exception. At the helm of this successful property group is Steve Brookes, the company’s CEO and founder. Understanding the financial remuneration of such a key figure can provide valuable insights into the company’s priorities and financial health. So, just how much is Balwin Properties paying Brookes? Today, the company published its 2024 annual report that disclosed the salaries of the company’s executives. The company revealed that Brrokes was paid…

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Balwin, a national specialist in developing large-scale sectional title estates for South Africa’s growing low-to-middle income population, continues to equip its apartments with fibre connectivity. These apartments are designed to appeal to a diverse range of home buyers, including first-time buyers, young professionals, young families, older families, retirees, and buy-to-let investors. Each apartment features modern fitted kitchens, prepaid water and solar-assisted electricity, eco-friendly fittings and appliances, and is fibre-enabled. Balwin generates annuity income through its subsidiary, Balwin Fibre, which provides high-speed fibre connectivity to homeowners within its estates. Today, Balwin announced that continued growth of the Balwin Fibre annuity business…

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Checkers Sixty60 is beta testing the new and improved version of its app, enabling customers to shop for over 10 000 larger Hyper products, with same day delivery scheduled within a 60-minute time slot. With a new fleet of eye-catching Hyper delivery vans, Checkers Sixty60’s product offering now extends beyond groceries to include larger items, ranging from camping and outdoor gear to small appliances, baby products, toys, kitchen and home electronics, gardening and pool equipment – all at supermarket prices. Delivery is free during beta testing and will remain free for Xtra Savings Plus subscribers. “We’re confident that the next…

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Volkswagen is making significant strides in enhancing the technical learning experience at Kariega High School. By providing essential resources and support, the automotive giant is ensuring that students have access to cutting-edge technology and educational tools. The initiative not only aims to improve the quality of education but also prepares students for future careers in the ever-evolving technological landscape. The nature of work is evolving rapidly, with many traditional jobs being automated or augmented by technology. To equip the next generation with the skills they need to thrive in the digital age, it is imperative that technology and automation are…

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Fabricio Bloisi has recently taken the helm as the CEO of Prosus and Naspers, two prominent global consumer internet groups. Known for his dynamic leadership and innovative approach, Bloisi’s appointment marks a significant milestone for both companies. As he steps into this pivotal role, many are eager to learn more about the man poised to lead these industry giants into the future. This article delves into Bloisi’s background, his career journey, and what his vision might mean for the future of Prosus and Naspers. Bloisi is a prominent Brazilian entrepreneur known for his significant contributions to the technology sector in…

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Prosus today announced that the Boards of Prosus and Naspers have unanimously approved the appointment of Fabricio Bloisi as Chief Executive Officer (CEO), Prosus and Naspers Group. The appointment is effective as of 1 July 2024. Bloisi assumes the role of Group CEO from his role as CEO, iFood. Fabricio acquired iFood in 2013 when it was a 20-person start-up. He has since grown it rapidly and profitably to become Brazil’s leading food delivery company. Fabricio is a proven entrepreneur and innovator with deep roots in operating, building and scaling world-class technology companies within growth markets. Prosus board said it…

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In a strategic move to expand its investment portfolio, Mineworkers Investment Company (MIC) has acquired a stake in Chill Beverages, the renowned owner of the premium mixer brand Fitch & Leedes. The acquisition marks a significant step for MIC as it ventures further into the beverage industry, highlighting its commitment to diversifying its holdings and supporting innovative South African businesses. The partnership is poised to enhance Chill Beverages’ market presence and drive future growth, leveraging MIC’s robust investment capabilities and industry expertise. MIC and Admaius Capital Partners, together the (Alterra Consortium), acquired a majority stake in Chill Beverages (Chill) from…

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As the digital landscape in South Africa evolves, online scams have become increasingly sophisticated, posing significant risks to individuals and businesses alike. Here are ten prevalent scams to watch out for in 2024: Deepfake Impersonation Scams: Scammers use AI to create realistic fake videos or audio clips, often impersonating CEOs or family members to trick victims into transferring money. Investment Scams: Fraudulent investment schemes promise high returns. Always verify the legitimacy of the investment platform. Charity Scams: Fake charities solicit donations, especially during crises. Verify charities through reputable databases. Coronavirus Scams: Scammers exploit COVID-19 fears with fake testing kits, vaccines,…

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