Jetour South Africa’s Head of Marketing views himself primarily as an operations-focused leader, with a strong awareness of both his strengths and weaknesses, gladly taking input from others, with an approach that is grounded in strategy, adaptability, and staying committed to long-term brand goals. Shaun Steynberg is very humble, considering the impact his marketing efforts have had on the brand to date, with this new SUV contender recently breaking into the country’s top 15 automotive brands, selling 683 units in June alone and surpassing several long-established names in the local market. Jetour launched in South Africa in September last year…
Author: Staff Writer
The new Range Rover Sport SV Carbon introduces a blend of dynamic capability and sophisticated modern luxury to Range Rover’s performance flagship. Completing the new line-up, offered alongside Range Rover Sport SV and SV Black, Range Rover Sport SV Carbon is the ultimate expression of lightweight performance, featuring carbon finishes and exclusive colours. The new model will make its world premiere on 13 August at Range Rover House during Monterey Car Week. A curated colour palette includes four options in addition to a curated choice from the SV Premium Palette. The standard Forged Carbon Exterior Pack includes stealthy carbon fibre…
Capitec Bank, South Africa’s largest bank with over 24 million clients, has partnered with leading remittance fintech Mama Money to dramatically reduce the cost and simplify sending money across borders for the country’s 2.4 million migrants. The partnership addresses a critical need in South Africa’s financial ecosystem, where migrants from Kenya, Lesotho, Malawi, Mozambique, Uganda, Zambia and Zimbabwe have historically faced high fees and complex processes when sending money home to support their families. With women comprising over one million of South Africa’s migrant population, this partnership will transform how families across the region access financial services. Migrants regularly send billions in…
Paper and pulp giant Sappi has reported losses for two consecutive quarters, as ongoing global trade wars continue to hurt its profits. The company announced a $33 million loss for the third quarter ending in June, following a $20 million loss in the previous quarter. For the first nine months of the year, Sappi’s adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) fell by 15% compared to the same period last year, totalling $390 million. Its year-to-date profit now stands at just $17 million, reflecting the challenging trading environment. The company’s difficulties are largely due to trade tensions and…
Kenneth Brown, a seasoned former official from South Africa’s Treasury, has been appointed as the interim chairperson of the Road Accident Fund (RAF). This appointment comes just two weeks after the previous board was dissolved amid ongoing concerns over governance and operational challenges. The announcement of Brown’s appointment marks a step towards stabilising the RAF, which has been under scrutiny for its management issues. Brown, who is currently a non-executive director at the Development Bank of Southern Africa, has a strong background in public finance. He held key roles at Treasury from January 2007 until late 2016, including serving as…
Uber has announced it will buy back $20 billion of its shares, signalling confidence in its future growth. The ride-hailing and delivery giant also expects its third-quarter bookings to be well above Wall Street’s estimates, driven by increased use of its paid loyalty programme. The company revealed that membership in its “Uber One” subscription service, costing $9.99 per month, jumped 60% in June to over 36 million members compared to the previous year. More than a third of Uber’s bookings now come from these members. These loyal customers are vital for Uber, as they tend to use both the ride…
Global technology shares surged on Thursday after the latest developments on tariffs provided relief for the industry. US President Donald Trump announced that he would not impose a 100% tariff on chips and semiconductors from certain companies that have committed to manufacturing in the US or are already doing so. This announcement prompted a rally in tech stocks worldwide. Apple’s stock jumped by 3.3% in premarket trading following Trump’s statement that the company plans to invest an additional $100 billion in the US. This move could help Apple avoid potential tariffs on its iPhones, offering a significant boost to its…
MTN Group’s profits are expected to jump significantly in the first half of the year, mainly driven by excellent performances from its operations in Nigeria and Ghana. The telecom giant announced in a trading update that its headline earnings per share (HEPS) for the six months ending in June are projected to be between 614 and 666 cents. This is a remarkable recovery from a loss of 256 cents reported last year. The company, which is valued at approximately R291.8 billion on the Johannesburg Stock Exchange (JSE), expressed confidence in delivering a “robust performance” for the first half. It attributes…
In the past year, the Consumer Goods and Services Ombud (CGSO) managed to recover over R11.9 million for consumers, even though the number of complaints has increased. This amount includes refunds, repairs, replacements, and cancellations sorted out through their dispute resolution process. The figures cover a 12-month period ending in February 2025 and come during a challenging economic climate marked by increased online shopping and growing dissatisfaction among consumers. The CGSO’s latest annual report shows that more than 12,200 complaints were received during this period. Most of these complaints concerned faulty goods, delayed or failed deliveries, and disagreements over cancellation…
Pick n Pay has announced the appointment of Grant Pattison, the former CEO of Massmart, to its board. This move is part of the company’s efforts to recover from several years of losses in its main supermarket business and to stabilise operations under the leadership of the new CEO, Sean Summers. The appointment was confirmed during the company’s AGM held on Tuesday. Alongside Pattison, the board also welcomed Haroon Bhorat, a well-known economics professor from the University of Cape Town. Industry experts praised the new appointments, saying they bring valuable skills and experience to help turn the company around. Analysts…