Author: Staff Writer
Hatchbacks are the most sold used cars in South Africa; this body type is even more popular than the perennially popular sports utility vehicle (SUV). But which are the most popular used hatches in South Africa? According to George Mienie, CEO of AutoTrader, the Volkswagen Polo is the most popular used hatch by far. “It is the most sold hatchback and also the most searched for a hatch in the land. So, when it comes to the Polo, there is direct parity between consumer interest and spend,” he notes. Mienie has based his findings on AutoTrader search and sales data…
Having deployed most of its R180m Section 12J Venture Capital Fund: KNF Ventures, Knife Capital today announced that it is extending the fund for new investors to participate and build on the success and momentum created. One of the main challenges to the growth of small and medium-sized enterprises (SMEs) in South Africa is access to equity finance. To assist higher-risk ventures in overcoming this challenge, the Section 12J venture capital company (VCC) regime was established where qualifying investors in approved Section 12J VCCs can deduct the full amount of their investment from taxable income in the tax year that the…
Michael Page has published the 2020 South Africa Salary & Skills Guide. The salary benchmark is derived from our proprietary database capturing job advertisements and placements throughout 2019. The last year has proven to be challenging for the professional labour market within South Africa, due to various economic and political reasons. The year started cautiously, with the General Elections held 8th May, and investors adopting a ‘wait and see’ approach. This has, however, continued with policy uncertainty such as expropriation of land without compensation, underlined by the highest unemployment rate since comparable data was recorded in 2008, peaking at 29.1%…
Controversial JSE-Listed Net 1, the company behind Cash Paymaster Services that used to run SA’s social grant payment system, is selling its South Korean business KSNET. Net 1 is selling 100% of KSNET, a South Korean payment processor, to Stonebridge Capital and Payletter for $237 million (R3.4 billion). The transaction, which is not subject to a financing condition, is expected to close in March 2020. “KSNET is a profitable and cash generative business, but operates autonomously and in a more developed economy with limited overlap with the group’s other activities. We also believe that the intrinsic value of KSNET was…
Vodacom’s Summer ShakeUp! campaign is shaking up lives for the better. Today at Highveld Mall Vodacom handed over the keys of a brand-new Audi A4 to Songezo Mampungu from Witbank. Born in Mount Frere in the Eastern Cape, Songezo moved to Witbank 10 years ago to join his family and spends his days making sure other people’s cars are spotless at the local car wash where he works to help support his family. Not only is this 28-year-old Songezo’s first set of wheels, but the first car in his immediate family and a big deal for everyone. “My employer previously…
Three MTN customers will start the new year on a high note after being announced the latest MTN CakeCrush competition winners. The winners, who represent the 14th, 15th and 16th grand prize winners, will each drive away with a brand-new VW Polo Vivo worth nearly R200 000. The three lucky contestants are Nozipho Mgaga from Newcastle in Kwa-Zulu Natal, Ongezwa Ngonyama from Mandala in the Eastern Cape and Lungile Mbuyazi from Mandeni in Kwa-Zulu Natal. “We wish to congratulate the latest winners of the MTN CakeCrush competition on their new set of wheels,” says Jacqui ‘O Sullivan, Corporate Affairs Executive: MTN…
Global beauty and personal care company, Avon, is on a mission to showcase their latest skincare innovations and give women first-hand insight on how to better take care of their skin and reverse visible signs of ageing. This groundbreaking initiative will see three leading South African influencers with different skin shades participate at the global Avon 2020 Skincare Summit in New York, USA. At the summit, Avon skincare experts and scientists will empower the delegates by sharing science-based revelations to reclaim their anti-ageing skincare journeys. Avon said in a statement that its selected Beauty Ambassadors, Liesl Laurie, Nicolette Mashile and…
Olwethu Mthengwane, 24, from Thembalethu in George will start the year on a high note as she drives away in a brand-new VW Polo Vivo – bringing the total number of winners in the MTN Cake Crush competition to 16. The first MTN Pulse customer to win in the competition, Olwethu is currently a merchandiser but aims to study HR and move on to become an HR partner at a reputable company, thus living her passion for people. And where does she hope to drive in her new car? “A road-trip to Cape Town is definitely on the list,” said…
“Crypto-to-crypto transfers are instantaneous, but processing delays come into play when customers need to move crypto into traditional fiat accounts.
The results of these projects are already maturing into products and the first commercial AI application developed under the collaboration is scheduled to go live in a customer production in a few months.