Author: Staff Writer

South Africa’s retailer Mr Price is spending R450 million to buy online retailer Yuppiechef. Mr Price said it will pay1% of its market capitalisation for Yuppiechef. Mr Price’s market cap before the announcement was almost R47 billion, which means it will buy Yuppiechef for roughly R470 million in cash. So, what should customers expect? Yuppiechef respond to its customers. Hang on — wait. What’s that going to change for customers? Not much really, We’re still going to be the same Yuppiechef in name and people and the way we work. We’re going to carry on pushing our service levels as…

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Vodacom Business has developed various digital solutions to help businesses achieve a truly connected supply chain network to help improve efficiencies and withstand disruption and unpredicted hurdles in the future. As the COVID-19 pandemic continues to create significant challenges for the manufacturing and retail industry globally, the need for a resilient and agile supply chain network has never been greater. Today’s supply chain network is more complex than ever. It has become a digital ecosystem of suppliers, logistics companies, customers and other value chain partners that stretch across the globe. The supply chain network relies on the synchronised movement of…

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TymeBank, South Africa’s digital bank and its international sister company Tyme,  announce the appointment of David Pfaff as Chief Financial Officer of Tyme as well as the country CEO of Tyme’s South African operations. He took office on 1 March 2021. Pfaff is expected to divide his time between Singapore and South Africa to cover all his responsibilities. He will work alongside TymeBank CEO, Tauriq Keraan, who will remain in his position as CEO and continue to report to the TymeBank Board. “TymeBank continues to achieve exceptionally high customer satisfaction through its single view of the customer, its world-class technology…

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South African entrepreneur Nico Steyn is stepping aside as CEO of IoT.nxt, a company he co-founded with partners Terje Moen and Bertus Jacobs. IoT.nxt was founded in 2015. He resigned with immediate effect. Steyn will remain as a shareholder and will continue to serve on the board, assist in the leadership transition. He will also work with the executive team to drive the growth and innovation strategy of IoT.nxt in a new capacity. “As a founder making this decision is not easy. However, I know the exceptional executive team that we have assembled over the past 18 months is well-positioned…

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Aura, South Africa’s security and medical response platform, has announced its imminent expansion into Kenya which will be led by its new General Manager, Hilary Itela. Partnering with KK Security, owned by GardaWorld, Aura will offer its emergency and medical response services in Nairobi and Mombasa. Warren Myers, CEO at Aura, says that the intention is to address the fragmented and idle response capacity in Kenya while also democratising access to critical services by making them more widely available and more affordable than ever before. With over 15 years’ experience in various management roles in East and Central Africa, Itela…

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South Africa’s retailer Mr Price announced today it has entered into an agreement to buy 100% of Yuppiechef, a privately-owned South African omnichannel retail business primarily focused on kitchenware. In November 2020, Mr Price communicated its ambitions to invest in growth opportunities in specific segments of the market through both organic and acquisitive growth avenues. The group’s strict investment criteria, which have been previously communicated, continue to guide its capital allocation decisions and have been applied with the same disciplined approach in the case of Yuppiechef. The company said the acquisition of Yuppiechef will enable it to expand in South…

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The Oppo A15 and A53s are now available to buy at all MTN stores nationwide. The A15 will be available on the My MTNChoice Flexi R60 at R179 per month for 24 months, and the A53s will be available on the My MTNChoice Flexi R60 at R269 per month for 24 months. Both handsets will come bundled with a free Bluetooth speaker and rewards valued at R1300, including R60 airtime. The smartphone brand prioritises world-class technology encased in technological art, all while remaining affordable to the everyday local. Both models boast an impressive 13MP rear camera and 720p HD screen,…

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Huawei in partnership with the Gauteng Department of e-Government is offering an online youth ICT Skills Development Program. A total of 393 students from five regions in Gauteng (Ekurhuleni, Tshwane, Johannesburg, Westrand and Sedibeng) participated in the training in new technologies like 5G, cloud and AI, to empower them with knowledge and skills as they enter the employment market or aim to further their studies. ICT skills, encompassing new technologies are amongst competencies that have been identified as essential components for Gauteng’s future economic growth, the province’s readiness for 4IR, and a key requirement for the achievement of the Growing Gauteng…

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Streaming giant Netflix is looking at ways to curb password sharing for both business and security reasons. The Verge reported that a new feature prevents people who are not authorized to use the account from accessing it. A Netflix spokesperson told The Verge, “This test is designed to help ensure that people using Netflix accounts are authorized to do so.” If Netflix detects that someone is trying to use the account without being an account owner, they’ll be asked to verify later or verify being an account owner through an email code or text code. If someone is unable to verify account ownership…

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The South African Post Office (SAPO) has confirmed that the R350 COVID-19 Special grant recipients will be paid all monies owed to them. In a statement issued on Thursday, the Post Office said beneficiaries should also know that there is no deadline for them to collect their grant from its outlets. “The funds that are waiting for them do not expire and they can collect it later if it suits them,” said the SAPO. The Post Office has introduced a system to reduce waiting times for beneficiaries who collect their R350 COVID-19 Special grant. The system said the Post Office…

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