BMW has revealed the first prototype of its upcoming electric vehicle lineup, signaling a new phase in its competition with Tesla and its efforts to maintain sales in China, its most crucial market.
Author: Staff Writer
Matias Cardarelli has been appointed as the new CEO of PPC, a leading cement company. He will serve as CEO for the next four years, starting from the last quarter of 2023.
Bidvest, a JSE-listed industrial conglomerate, is actively seeking potential acquisitions in South Africa and abroad. The company has a substantial war chest of up to R28 billion available for investment.
Sanlam, a leading South African financial services company, has successfully formed a joint venture with Allianz, Europe’s largest insurer, after a decade of discussions and negotiations.
In the dynamic landscape of corporate South Africa, the need for businesses to remain agile and responsive has never been more crucial. The convergence of technological advancements and the aftermath of the COVID-19 pandemic has created a new raft of challenges that companies must navigate. One such challenge is staffing, where the concept of “right-sizing” has emerged as a strategic imperative. The Context of Change The world of work has changed forever, with AI ushering in a new era for employment and the pandemic having re-written the narrative as an unanticipated disruptor that forced companies to re-evaluate their operational strategies…
Alex Okosi, the current regional head of YouTube, has been appointed as the MD of Google Africa.
The South African government has announced plans to provide fiscal support to the country’s motoring industry as it transitions towards producing electric vehicles (EVs). Deputy Finance Minister David Masondo revealed that funding for the industry’s EV production and component manufacturing will be allocated in the upcoming midterm budget. The move comes at a challenging time for the government’s finances, with revenue under pressure and a risk of missing debt stabilization targets. The motoring industry accounted for 4.9% of South Africa’s GDP and 12.4% of exports in the previous year, employing approximately 110,000 people. However, the transition to EVs poses a…
A new report reveals that global banks are contributing to the climate crisis in Africa by financing projects that exacerbate climate change. The report, titled “How the Finance Flows: The Banks Fueling the Climate Crisis,” highlights that banks from Europe, the Americas, and Asia invest 20 times more money in projects that contribute to the climate crisis than they do in climate solutions on the continent. The study analyzed financial flows in over 100 countries, focusing on fossil fuel projects and industrial agriculture. Key Points:
African Rainbow Minerals (ARM), owned by Patrice Motsepe, reported a significant decline in profits for the 2023 financial year. This was attributed to lower production levels and weaker commodity prices.
Dr. Kgosientsho Ramokgopa, the Minister in the Presidency for Electricity, has arrived in Nairobi, Kenya, to participate in the inaugural Africa Climate Summit (ACS).