Capitec Bank Life Cover Vs Absa Instant Life Cover
Choosing the right life insurance policy is crucial to ensure financial security for your loved ones. In this article, we […]
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South Africa’s Electricity Generation Up 5.6%, Consumption Rises 4.8% in May 2024
- South Africa’s electricity generation increased by 5.6% year-on-year in May 2024.
- Electricity consumption rose by 4.8% year-on-year in May 2024.
- From January to May 2024, electricity generation increased by 3.2%, and distribution increased by 3.3%.
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SANRAL Director Resignation Sparks Governance Reorganization Amid Infrastructure Projects
- Ms. Noluphumzo Leonora Noxaka resigns from SANRAL’s Board, effective July 2, 2024.
- SANRAL initiates reconstitution of sub-committees following Noxaka’s departure.
- Engagement with National Treasury and Department of Transport underway to fill board vacancies.
Tongaat Hulett Equity Plan: Vision Investments to Acquire 97.3% Stake Amid Delisting Risks
- Tongaat Hulett Limited implements a business rescue plan involving an equity subscription.
- Vision Investments will acquire 97.3% of THL’s share capital through the subscription.
- Shareholders face potential delisting risks despite plans to retain THL on the JSE.
Clicks Group Sells Unicorn Pharmaceuticals, Clears Path for New Licenses Amid Legal Resolution
- Clicks Group will sell its stake in Unicorn Pharmaceuticals to comply with a Constitutional Court judgment.
- The sale will allow the Department of Health to issue new retail pharmacy licenses to Clicks Group.
- The divestment supports Clicks Group’s expansion in providing accessible healthcare across South Africa.
Land Transport Trends: Freight Volumes Drop 6.5%, Passenger Journeys Surge 38.1% in April 2024
- Freight volumes declined by 6.5% in April 2024 compared to April 2023, with income slightly down.
- Income from freight transportation rose by 2.1% in the three months ending April 2024.
- Passenger journeys soared by 38.1% in April 2024, accompanied by a 17.1% income increase.
Tourist Accommodation Sector Thrives: 7.0% Income Surge in April 2024
- Tourist accommodation income rose by 7.0% in April 2024, driven by increased stay unit nights and higher average income.
- Hotels and ‘other’ accommodations were major contributors to the income growth.
- Quarterly performance showed a 9.1% increase, with hotels leading the surge
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Brait PLC Reports Strong Financial Year with Key Assets Showing Robust Growth and Profitability
- Brait PLC’s FY 2024 results showcase impressive growth and profitability across key assets.
- Virgin Active’s EBITDA surged to £80 million, up from £33 million in September 2023.
- Premier recorded a 19% EBITDA growth to R2.1 billion, with a leverage ratio of 0.9x.
Stack Overflow and Google Partner to Enhance Developer Experience with OverflowAPI Integration
- Stack Overflow and Google announce partnership to integrate Stack Overflow’s knowledge base into Google Cloud services.
- The OverflowAPI program will provide AI companies access to Stack Overflow’s data for AI applications.
- Collaboration aims to streamline developer workflow, ensuring access to validated answers while preserving the human element.
FNB Easy Zero Account Review 2024
In today’s digital age, banking has evolved to meet the needs of consumers seeking convenience, affordability, and flexibility. FNB, a
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