Author: Staff Writer
MTN Group on Wednesday announced that the current group CFO of MTN Group, Ralph Mupita, has been appointed as the new group president and CEO. His appointment is effective from 1 September 2020. Mupita has served as the MTN Group CFO since April 2017 and has played a critical role in the development and execution of the group’s strategy, capital allocation processes, financial performance as well as in the resolution of a number of complex regulatory matters. “After a rigorous and extensive search process, we are pleased to have appointed someone of Ralph’s calibre, experience and ability to fill the…
Kaspersky analysis has revealed that phishing attacks are becoming increasingly more targeted. A number of new tricks have also been found – from HR dismissal emails to attacks disguised as delivery notifications. As a result of such tendencies, security solutions have detected 2,023,501 phishing attacks in South Africa, Kenya, Egypt, Nigeria, Rwanda and Ethiopia. These and other findings are documented in Kaspersky’s new spam and phishing in Q2 2020 report. Phishing is one of the oldest and most flexible types of social engineering attacks. They are used in many ways, and for different purposes, to lure unwary users to the…
Many South African businesses have been decimated, and millions of employees are losing their jobs on account of the COVID-19 pandemic. Yellow Pages by Telkom Business aims to fast track the growth of SMEs by offering telecommunications and marketing support and has now teamed up with Fundrr to offer loans to businesses wanting to grow. Yellow Pages, which is a division of Telkom Business, provides support packages that help small businesses develop their online visibility and grow their sales and branding into new markets. “Online presence is more important than ever, especially during Covid-19. We offer all small businesses access…
Norman Goodfellows is a third-generation family-owned retail and redistribution business. Established in 1976, the company has been providing the finest wine, spirits, malts, soft drinks, party services and gifts for more than four decades. Today, the company delivers up to 1 000 deliveries a day. Norman Goodfellows has partnered with Picup to build fully integrated on-demand delivery into its e-commerce platform. The entire solution was implemented within three days and can now handle hundreds of deliveries daily. The wine and spirits merchant engaged with Picup and quickly implemented its logistics software. This solution automates the grouping of orders into specific…
The South African government is formally considering launching a state bank, which will be able to access different forms of capital, in addition to taking deposits. The Sunday Times, which has seen the document in question. reported that the cabinet’s economic cluster has created an economic reconstruction and recovery plan which includes the ANC’s proposals to launch a state bank that would be able to access retirement savings at favourable rates. The proposal to launch a state bank and access pension funds was first mooted in the ANC’s own recovery plan last month. The Sunday Times, which has seen the…
While South Africa will move to alert level 2 of the national lockdown at midnight on 17 August 2020, current restrictions such as international travel will remain in place to minimise the spread of Coronavirus. In addition, the country will maintain its 50 people limit on gatherings, which among others, include funerals and religious events. President Cyril Ramaphosa announced Cabinet’s decision to move the entire country to alert level 2 on Saturday night. The President’s announcement comes as the country marked five months since it declared a national state of disaster to combat the Coronavirus pandemic. “As we look back at…
BMW Group on Friday announced its 10-year plan for sustainability, underscoring its commitment to the goals of the Paris climate agreement, the main focus being on the expansion of electric mobility. Vehicles of the BMW and MINI brands featuring electrified drive systems are now offered in 74 markets worldwide, where more than 500,000 electrified vehicles were sold by 2019. By the end of 2021, this figure will probably rise to over a million. As a result of the massive expansion of electric mobility, emissions produced by BMW Group vehicles per kilometre driven will be reduced by around 40 percent by…
Communications and Digital Technologies Minister, Stella Ndabeni-Abrahams, has implored the boards of the South African Post Office (SAPO) and Postbank to fast track the digitisation of banking services to make them more efficient. This comes after the Minister, during meetings with the entities in the past two weeks, raised concerns about the handling of the COVID-19 Special Social Relief of Distress Grant distribution. “The Minister’s concerns included pay points running out of cash on payment dates,” said the Ministry in a statement. The meeting with SAPO was held last week, while the one with Postbank was held on Thursday. As…
The Unemployment Insurance Fund has, as of Friday, disbursed R40-billion in COVID-19 Temporary Employee Relief Scheme disbursements to cushion the economic blow of the lockdown on workers as a result of the pandemic. “Today we reached that magical figure that we committed to make the lives of workers in the country easier by injecting hard cash into the economy through disbursements to our contributors. We made a commitment of R40-billion and I am happy today to say we have kept our promise. “But this is not all. As we have committed to an extension of the scheme until August 15…
Transport Minister Fikile Mbalula has presented to the ANC’s national executive committee (NEC) an ambitious plan to save the taxi industry. The plan includes the establishment of a co-operative bank owned by taxi operators, according to a report in Mail & Guardian. The idea of a co-operative bank will be presented at a planned National Taxi Indaba by Mbalula as part of his grand plan to empower the taxi industry and create a value chain. Presenting this plan to the NEC, he said: “Various options are being considered which include either establishing a national co-operative bank owned by the taxi…