Author: Staff Writer
Cell C today announced it has appointed Darius Badenhorst to the role of Chief Growth Officer, effective February 2024. His exceptional track record and 14 years’ experience in Financial Services and Telecommunications bring a new level of ability to propel Cell C’s growth and innovation strategies. As Chief Growth Officer, Badenhorst will be responsible for overseeing crucial areas of business development, customer retention, and customer relationship management throughout the value chain and lifecycle to further accelerate growth. His extensive background in quantitative analysis and financial engineering will be instrumental in navigating the evolving telecommunications landscape . Jorge Mendes, CEO of…
The multisite Johannesburg Internet Exchange (JINX) has completed the installation of high-speed dark fibre across the span of the entire network to radically boost the exchange’s resilience and backbone capacity in 2024. “Successful digital transformation centred around the generation of e-GDP depends on the infinite bandwidth that dark fibre enables,” says INX-ZA chair, Prenesh Padayachee. Dark fibre rolled-out between the six data centres where JINX is located provides virtually unlimited future network capacity. INX-ZA can now easily enable additional capacity between sites as more peers connect to the JINX peering fabric. JINX data centre locations presently include: Dimension Data Parklands…
According to Sunday World, WideOpen Platform, headquartered in Johannesburg, has initiated the process of liquidating the well-known sneaker brand Drip Footwear due to its failure to settle debts exceeding R20 million. WideOpen Platform has lodged the necessary documents in the Johannesburg High Court, requesting the liquidation of Drip, citing its insolvency and incapacity to meet financial obligations. Furthermore, WideOpen Platform plans to pursue legal action against Drip’s owner, Lekau Sehoana, for defaulting on the debt despite having signed a surety agreement on behalf of the company. “The respondent is currently indebted to the applicant in the sum of R20 442…
In large corporations, digital transformation is impacting every customer touchpoint, yet this rapid innovation for operational advancement could be what exposes them to operational risk. The uptake of bespoke third-party software solutions is essential to enable Financial Services and Insurance companies to meet the demands of their daily business operations. But what happens if your third-party software vendor goes out of business or is unable to maintain services? Software escrow is internationally accepted as best practice to manage the risks associated with exposure from third-party software providers. It is a customised legal agreement between the software developer, the user, and the software escrow agent. This…
Chief Executive of the Transnet National Ports Authority (TNPA) Pepi Silinga has taken a leave of absence to allow investigations of alleged impropriety to proceed without the perception of interference. On Saturday, Transnet confirmed the development saying it had accepted Silinga’s offer to take a leave of absence. The struggling State-owned company, which received an R47 billion bailout – under a guarantee facility -from the Treasury, said in a statement that Advocate Phyllis Difeto will be assuming the role of Acting Chief Executive of TNPA “with immediate effect”. Transnet, which professes to have a zero-tolerance stance on corruption, and malfeasance,…
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with Livestock Wealth Financial Services (Pty) Ltd (Livestock FS) and Livestock Wealth (Pty) Ltd (Livestock Wealth). “It has come to the attention of the FSCA that Livestock Wealth may be unlawfully offering members of the public investment into livestock and/or agricultural product(s), offering profitable returns upon maturity of the livestock and/or agricultural product(s),” said FSCA. The Authority points out that Livestock Wealth is not authorised to render any financial services related business in terms of the Financial Advisory and Intermediary Services Act, 2002…
Khoi Tech, a black-owned South African technology company, announced its recent acceptance as a member of the Manufacturing Group within the esteemed BRICS Business Council. This strategic alliance reflects Khoi Tech’s shared vision with the Council, emphasising its commitment to fostering economic development and innovation within the BRICS nations. The BRICS Business Council’s Manufacturing group serves as a dynamic platform for collaboration and cooperation among leading businesses in Brazil, Russia, India, China, and South Africa. Khoi Tech’s inclusion in this esteemed group reflects its commitment to driving economic growth and technological advancement within the South African context. As a dynamic player in the…
The International Court of Justice will deliver its order on the request for the indication of provisional measures submitted by South Africa in the case South Africa v. Israel this Friday, (26 January 2024). International Relations Minister Dr. Naledi Pandor is travelling to the Hague to represent South Africa. RELATED: SA Approaches International Court Of Justice Under ‘Genocide Convention’ Over Acts Committed By Israel In Gaza – The Bulrushes
The Lexus coupe is now available as the Lexus LC 500h hybrid and benefits from a series of improvements and innovations since the previous model year sold. The result is an evolution in the model’s luxury motoring qualities, from its ride, handling and responsiveness to its comfort and multimedia functionality. At the heart of the LC 500h is its advanced hybrid powertrain, delivering an impressive blend of power and efficiency. The combination of a 3.5-liter V6 engine and an electric motor results in a thrilling driving experience with reduced environmental impact. The LC 500h features a multi-stage hybrid system that…
The foot has certainly not come off the gas in the used car market. In 2023 the number of used cars sold rose by 4.6% year-on-year. Overall, 367,075 used cars with an average selling price of R399,163 were sold, according to AutoTrader data. Sales of an additional 17,000-odd units in 2023 and increased average selling price helped drive up the total value of used cars sold by 7.7% year-on-year. Amounting to a whopping R146.5 billion, 2023’s figure outperformed the previous year’s by some R10.5 billion. The Toyota brand continued to fuel car shoppers’ passions. Like it did in 2022, the Japanese brand…