Author: Gugu Lourie
JSE-listed Sasfin announced today that Gloria Serobe will be appointed as chair of the Board of Sasfin Wealth, a wholly owned subsidiary of Sasfin, with immediate effect. Gloria is a founding member and CEO of Women Investment Portfolio Holdings Pty Ltd. She obtained a BCom degree from the former University of Transkei and holds an MBA degree from Rutgers University, New Jersey USA and has been conferred the degree of Doctor of Philosophy (honoris causa) by the Nelson Mandela University. She is one of the co-founders of Women Investment Portfolio Holdings (Wiphold) – the first women’s group established post-1994 to…
What’s it like to stay at the new Embassy Suites By Hilton Dubai Business Bay? Well, imagine checking into a hotel where everyone greets you with a smile so warm you’ll think you just walked into your own family reunion, except with better views. Yes, Hilton has truly outdone itself with this 30-story gem in the heart of Business Bay in Dubai. From the moment I stepped in, I felt like Hilton was channeling its founder, Conrad Hilton’s, dream of running the best hotel on Earth (or at least in Texas, originally). If he were around today, I think he’d…
Prosus and Naspers CEO Fabricio Bloisi has marked his first 100 days at the helm by sharing an update with shareholders. In his letter, Bloisi outlined his ambitious vision for the future, stating that Prosus, currently valued at around $100 billion, is set to drive further growth. He emphasized his commitment to creating another $100 billion in value by focusing on building and investing in fast-growing, profitable businesses. Bloisi also reassured shareholders that these efforts would generate substantial returns, reinforcing his focus on long-term value creation. Read the letter below: First 100 Days @ Prosus Dear Partners, Hello! I hope…
Following a solid performance in August, the South African automotive segment experienced mixed results in September 2024, with minor increases in new car sales and a subtle downturn in the used car market. According to the latest sales data from AutoTrader, the used car market recorded 28,609 units sold in September 2024, a -9.6% year-on-year drop from the 31,636 units sold in September 2023. When compared to August 2024, which saw 31,877 used car sales, the market experienced a decline of -10.3% month-on-month. According to naamsa | The Automotive Business Council, the new car market posted a +2% year-on-year growth in…
South Africa’s Constitutional Court has delivered a significant setback to YeboYethu, the Black Economic Empowerment (BEE) shareholders of Vodacom. On Thursday, the court dismissed YeboYethu’s attempt to join the high-stakes legal battle between Vodacom and Nkosana Makate, the inventor of the “Please Call Me” service, as a friend of the court (amicus curiae). “The Constitutional Court has considered the application for admission as amicus curiae. It has concluded that the application should be dismissed as no case has been made out for admission as amicus curiae or ‘friend of the court,’” reads the court order. Notably, the court also decided…
Dubai – FOMO South Africa, a deals platform with over 500,000 users and 200,000 monthly website visits, proudly announces its expansion into the UAE market with the launch of FOMO Dubai. Known for providing unbeatable deals on attractions and experiences, FOMO is set to transform how Dubai’s residents and tourists book their adventures – offering exclusive discounts on activities ranging from desert safaris to visits to world-renowned theme parks. Bringing FOMO’s Winning Formula to Dubai After establishing a solid presence in South Africa, FOMO is ready to make its mark in Dubai. FOMO Dubai will provide users with unmatched access…
Dubai – Li Peng, Corporate Senior Vice President and President of ICT Sales & Service at Huawei, delivered a compelling vision for the future of industrial digital transformation at the 2024 Huawei Industrial Digital and Intelligent Transformation Summit, held during GITEX Global in Dubai. Li’s message was clear: Huawei is leading the way in innovation to help customers succeed, empower local partners, and cultivate homegrown talent. “We’re combining our strengths in networking, storage, computing, cloud, and energy,” Li began, emphasising Huawei’s focus on building new digital and intelligent infrastructure. “We’re working with partners to develop cutting-edge solutions that are adaptable…
Dubai – “The wave of digital and intelligent transformation must ensure that no one is left behind,” said Leo Chen, Corporate Senior Vice President and President of Enterprise Sales at Huawei’s Enterprise Business Group. Speaking at the Industrial Digital and Intelligent Transformation Summit, held alongside GITEX Global 2024 in Dubai, Chen emphasised the need for inclusive growth as industries embrace the future of technology. Amid the wave of digital and intelligent transformation, Huawei urges all parties to collaborate and seize new opportunities. In his keynote address, Chen highlighted AI and 5G-A as key next-generation technologies powering the Fourth Industrial Revolution,…
In a world rapidly transitioning to an intelligent economy, Huawei is at the forefront of the digital transformation revolution. Speaking at the Huawei Industrial Digital and Intelligent Transformation Summit 2024 during GITEX Global in Dubai, Li Peng, Corporate Senior Vice President and President of ICT Sales & Service, outlined the company’s vision for an AI-driven future that empowers enterprises globally. “The digital economy is evolving into an intelligent economy, and it will soon become the main engine of global economic growth,” Li Peng declared as he addressed a diverse audience of global partners and customers at the Conrad Dubai. With…
Dubai – GITEX GLOBAL, the world’s largest tech and startup event, is set to take centre stage in the UAE today. The 44th edition promises to reshape the global digital economy and AI landscape. Under the theme “Global Collaboration to Forge a Future AI Economy,” GITEX GLOBAL 2024 will bring together leading tech enterprises, governments, investors, experts, startups, and academia. Running alongside GITEX is Expand North Star, the world’s largest startup and investment event, hosted by the Dubai Chamber of Digital Economy and organised by DWTC at Dubai Harbour from 13-16 October. With over 6,500 exhibitors, 1,800 startups, and 1,200…