Carlsberg expects to write down around 27 billion Danish crowns (R27 billion) from the sale of its Russian business.
Author: Staff Writer
Shareholder activist group Just Share analyzed the ‘vertical pay gap’ at 8 JSE-listed companies by comparing the pay of CEOs to lowest paid workers.
The Tshwane Automotive Special Economic Zone has attracted over R200 million more investment than its initial pledged amount of R4.33 billion.
FNB has warned that prices will likely rise during the rest of 2023, despite petrol prices looking set to decline in July, according to FNB:
South African financial services company, Prescient, has announced a deal with Lebashe Investment Group to boost black ownership of the company. The deal is expected to have a positive impact on Prescient’s business operations and financial performance, as well as on the broader financial services industry. The deal reflects a broader trend towards increasing black ownership and promoting transformation in the South African business sector.
The South African Revenue Service (SARS) has made changes to the tax filing season for individuals in South Africa, including an extension of the deadline for provisional taxpayers and changes to the penalty regime for non-compliance. Taxpayers are advised to be mindful of the changes and ensure that they have all the necessary documentation and information required for filing their tax returns. The changes are aimed at improving compliance and reducing the burden on taxpayers, and accurate and timely tax filing is emphasized as crucial to avoid penalties and interest charges. Read the full list of changes here. For more…
The chief operating officer of TikTok, Vanessa Pappas has resigned amid leadership changes at the company. Pappas had been serving as interim CEO of TikTok and played a key role in managing the company’s operations and navigating regulatory challenges in various countries. The resignation comes amid increasing scrutiny of TikTok’s data privacy practices and concerns about its potential impact on children and young people.
Avatar may potentially acquire 99c, which would position the company as one of the largest advertising agencies in South Africa and allow it to expand its service offerings and improve its competitive position. The advertising industry in South Africa has been impacted by ongoing economic challenges but is expected to rebound in the coming years driven by digital transformation and increasing demand for advertising services. The potential acquisition by Avatar is part of a broader trend toward consolidation in the South African advertising industry.
IHS Towers has decided to seek advice from JPMorgan amid concerns of a potential hostile takeover by MTN Group and Wendel. IHS Towers is one of the largest telecommunications infrastructure companies in Africa, with a network of over 33,000 towers across the continent. A potential takeover by MTN and Wendel would face regulatory hurdles in several African countries and is part of a broader trend towards consolidation in the African telecommunications industry.