AURA, South Africa’s leading 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, AURA says that the intention is to address the […]
Category Archives: South Africa News
South Africa News
There has been a permanent change in the way that people shop and, in turn, the way that businesses need to operate. In the absence of brick-and-mortar stores being open during the lockdown, as well as a general fear of crowded malls when things were able to re-open, South Africa’s ecommerce sector exploded. According to […]
Panel of 25 economists unanimously predict the SARB will hold the repo rate Just over a quarter (28%) expect a rate hike this year 92% say South Africa is at risk of a sovereign debt crisis Unemployment rate to increase slightly by July The South African Reserve Bank (SARB) is set to hold the repo […]
Small and Medium-sized Enterprises (SMEs) have long been hailed as the lifeblood of the economy. Now, in the wake of the COVID-19 crisis, they are critical for its recovery. Not only do they contribute 35-50% of national GDP globally, they also drive over two-thirds of new job creation[i]. Ultimately, the more SMEs succeed, the better our […]
Leading South African digital fintech enablement provider, Ukheshe Technologies has confirmed it is expanding its operations internationally. Having established itself as a formidable payment technology specialist within the B2B sector, the company has set its sights on the Middle East, Europe and Asia Pacific. The move comes on the back of several successful high-profile projects and partnerships […]
By Prenisha Govender, Associate, Tax, and Angelo Tzarevski, Senior Associate, Competition & Antitrust, Baker McKenzie Johannesburg The South African Government recently approved a tax on South Africa’s exported chrome, although the tax percentage and further details are still to be announced. The ferrochrome ore industry has been severely threatened in recent years, mostly due to […]
Over 1,200 delegates virtually convened for the 3-Day summit on ‘A Resilient Africa – Forging Solutions for the Impact Economy’ Sankalp Forum, an initiative of Intellecap hosted its 8th Edition of the Sankalp Africa Summit, in a virtual format, from the 2nd to 4th March 2021, one of Africa’s largest inclusive networking platform focusing on […]
The Covid-19 pandemic has provided the ideal opportunity for leaders to step up and move people forward to a preferred future despite global crises. However, according to the 2020 Edelman Trust Barometer, trust levels are hovering at all-time lows, with only the business community regarded as both ethical and competent. Consequently, whether they like it […]
By Caitlin Naidoo, Centurion Law Group In January 2021, WhatsApp announced that it would be altering its privacy terms to share data with Facebook causing panic among WhatsApp users. Users that want to continue using WhatsApp’s services have no choice but to agree to these new privacy terms. WhatsApp is a messaging platform used globally as […]
Debt repayment to funders in excess of R1 billion Reduction of R129.8m in finance costs 7m raised from disposal of portion of Equites and Phuthuma Nathi stakes 4m raised from disposal of portion of Life Healthcare stake Improved debt and liquidity ratios Brimstone’s shareholding in Oceana Group increased to 25.01% [Cape Town, 3 March 2021] […]