Discovery’s normalised operating profit increased by 24% in the year to June 2023.
Author: Staff Writer
South Africa’s Finance Minister, Enoch Godongwana, has issued a warning that the country’s public finances are in a parlous state. The government has been unable to meet its tax-collection targets, and borrowing additional funds at affordable rates has become challenging due to tighter financial conditions.
Capitec, a South African bank, has introduced new large data packages at significantly reduced rates, targeting the country’s telecom industry.
The Department of Women, Youth, and Persons with Disabilities (DWYPD) has applied to the Reserve Bank’s Prudential Authority to launch a new cooperative bank in South Africa, aimed at promoting financial inclusion.
The United Kingdom has postponed its planned ban on petrol and diesel car sales by five years, pushing the new deadline to 2035.
The South African Reserve Bank (SARB) has revised its economic growth forecast for South Africa, increasing it from 0.4% to 0.7%.
Despite facing the most challenging business environment since its inception, Remgro, the investment holdings company chaired by billionaire Johann Rupert, has announced a remarkable 60% increase in its full-year dividend payout.
MTN, a leading mobile network operator in South Africa, has introduced a new product called MTN SuperFlex, which offers unlimited voice minutes and texts along with a customizable data allocation.
Amazon unveils a range of new and updated devices, including an enhanced version of its voice assistant, Alexa, powered by generative artificial intelligence (AI).
The Maxus T90 EV is South Africa’s first electric double cab bakkie, marking an important milestone in the country’s electric vehicle market.