Author: Gugu Lourie

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…

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…

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…

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…

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…

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…

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,…

RelyEZ, a Bloomberg’s Tier 1 provider of innovative energy storage solutions, and Veers Group – a South African renewable energy group, today announced the formation of a strategic joint venture to address South Africa’s pressing energy challenges. This collaboration represents a significant step forward in the quest for sustainable energy solutions and underlines the commitment of both companies to driving positive change in the region. The joint venture, officially incorporated as RelyEZ South Africa and led by Hashveer Singh CA(SA) with Operations Director Muneeb Gambeno and Finance Director Majdi Galvaan, will focus on leveraging the combined expertise, resources and technologies…

French media group Canal+ now owns 45.2% of MultiChoice, Africa’s biggest pay TV operator. Canal+ has acquired in on/off market transactions, a further 7,374,918 MultiChoice Shares, as follows: On Wednesday, 8 May 2024, Canal+ acquired 4,709,759 MultiChoice Shares in on/off market transactions for an average consideration of ZAR 119,66 per MultiChoice Share On Thursday, 9 May 2024, Canal+ acquired 387,354 MultiChoice Shares in on/off market transactions for an average consideration of ZAR 119,44 per MultiChoice Share On Friday, 10 May 2024, Canal+ acquired 2,277,805 MultiChoice Shares in on/off market transactions for an average consideration of ZAR 119,68 per MultiChoice Share…

Transitioning to renewable energy is more than just a means to avoid the disruptive effects of power outages for Volkswagen Group Africa (VWGA), but rather a conscious step towards reducing the environmental impact of fossil fuels. Recognising the effect of fossil fuels on global climate change, VWGA is striving to minimise its dependence on these energy sources. As the nation celebrates Energy Month in May, VWGA highlights its commitment to become carbon neutral in vehicle and component production by 2030 through its Zero Impact Factory initiatives. To this end, significant investments totalling up to R100 million have been made in…