Subscribe to Updates
Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.
Author: The Bulrushes
Tiger Brands has entered into a sale of business agreement to facilitate the Company’s exit from its deciduous canned fruit business, Langeberg and Ashton Foods. The sale, which comes five years after Tiger Brands announced its intended exit, is to a newly formed company (Newco) established by a capable and committed consortium comprised of parties with a vested interest in the sustainability of Langeberg and Ashton Foods and a cooperative of fruit growers in the Ashton area (the Consortium) who bring agricultural sector expertise and insights. Based in Ashton in the Western Cape, the iconic business provides employment to more…
Amid rising criticism, Higher Education and Training Minister Dr. Nobuhle Nkabane has reversed the appointment of the Chairpersons of the Boards of Sector Education and Training Authorities (SETAs). Earlier this week, a leaked list of appointments to SETA boards revealed shocking political patronage, with African National Congress (ANC) loyalists, including party chairman and Energy Minister Gwede Mantashe’s son, Buyambo Mantashe, and a former KwaZulu-Natal premier, Nomusa Dube-Ncube, handed key positions. However, late on Thursday, (15 May 2025), Minister Nkabane withdrew the controversial appointments. “I have taken the decision to withdraw previous appointments in response to public concerns,” Minister Nkabane said. “Further, I take this decision in the interest of…
Online shoppers in the Randburg area may have experienced a disruption in speedy deliveries after the Johannesburg Metropolitan Police Department (JMPD) swooped on the delivery bikers. Commenting on the raid on Tuesday, (13 May 2025), the JMPD said it “intensified ongoing operations in the Rosebank area to address concerns related to illegal and unsafe delivery bike activities”. The JMDP added: “These efforts are part of a broader citywide initiative to ensure traffic safety, compliance with municipal bylaws, and the protection of pedestrians and motorists. “Recent observations highlight a sharp increase in delivery bikes operating unlawfully, often obstructing traffic and pavements,…
A settlement offer has been made as part of a possible overall resolution of the listeriosis class action taken against Tiger Brands. In a statement made available to The Bulrushes on Monday, (12 May 2025), Tiger Brands confirmed that: “The attorneys representing its lead reinsurer (QBE Insurance Group Limited) have presented a settlement offer to the plaintiffs’ attorneys as part of a road-map to a possible overall resolution of the listeriosis class action”. “The lead reinsurer, having primary conduct of the defence of the class action against Tiger Brands, has with Tiger Brands’ support and agreement authorised the insurers’ attorneys to…
The Prudential Authority (PA) has announced that it notes the recent ruling by Judge J Ncube in the Pietermaritzburg High Court and has launched an application for leave to appeal the decision. On Friday, (9 May 2025), the court ruled in favour of Ithala following a dispute over the powers of Johan Kruger, the Repayment Administrator (RA), who has taken over the operations of the bank following his appointment by the PA pending a liquidation process, which is a separate matter pending in court. The PA said the RA will also lodge an appeal against the judgment. “It is important…
The first group of white people who have left South Africa to become refugees in the United States is expected to arrive in Washington, D.C. today. The 49 Afrikaners, who included men, women, and children, departed from OR Tambo International Airport on Sunday, (11 May 2025) for the U.S. via Dakar, Senegal. The move came after reports said the U.S. government has officially granted 54 Afrikaner South Africans, white descendants of mainly Dutch colonisers, refugee status. While checking in ahead of their departure, the “refugees” who are allegedly victims of discrimination by the SA government declined interviews. Although the South…
Huawei Consumer Business Group South Africa has netted a significant partnership with Mamelodi Sundowns FC, one of Africa’s most celebrated football teams. As the Official Mobile Partner, Huawei on Friday, (4 April 2025), said it was committed to bringing game-changing innovation to the club, enhancing performance both on and off the pitch. Huawei said that by leveraging its technological expertise, Mamelodi Sundowns FC was poised to elevate their game, using advanced tools and analytics to maintain its competitive edge. Huawei said this collaboration exemplifies a shared commitment to innovation, excellence, and the pursuit of greatness, which promises to deliver unparalleled…
The Lilongwe Magistrate Court in Malawi has ruled that fugitives Prophet Shepherd Bushiri and his wife Mary – must be extradited to South Africa to face charges of fraud, money laundering, and corruption. The Chief Resident Magistrate Judge Patrick Chirwa made the ruling today, Wednesday,(12 March 2025). ommenting on the matter the South African government said it welcomed the ruling. “We have been informed that the pair intends to appeal the ruling,” said South Africa’s Department of Justice and Constitutional Development. “The South African government will oppose the appeal.” However, the department said it will await the outcome of the appeal…
Amid reports that President Donald Trump has cut off future funding for South Africa, which he claimed was “treating certain classes of people very badly”, President Cyril Ramaphosa has expressed his willingness to engage the US leader. Writing on his Truth Social platform on Sunday, (2 February 2025), President Trump said: “South Africa is confiscating land, and treating certain classes of people very badly”. President Trump added: “I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed!” Insisting that South Africa was a “constitutional democracy that is deeply rooted…
As 2025 unfolds, many savvy employees are already planning their next getaway, using the year’s public holidays to full advantage. And, the alignment of public holidays, weekends and leave days is particularly advantageous this year. For example, a clever option to extend your leave exists between the long weekends of April 2025, assuming you have accumulated enough leave by then and get your application in before your colleagues. “This is exactly the kind of opportunity working people should look out for,” notes Samantha Pillay, Director at ekko, “as the majority of employees only get 15 working days leave a year.”…