Business

[ad_1] Prime Minister Boris Johnson announced the ban as part of a “green industrial revolution” plan to combat climate change and create jobs. AARON CHOWN / POOL / AFP via Getty Images The UK will ban the sale of new combustion engine vehicles in 2030, a decade earlier than originally …

[ad_1] Grocery retailer Pick n Pay will begin providing mobile phone services to try to grow its financial and value-added services business, seeking to reduce data costs for its customers. Rather than building infrastructure, Pick n Pay will operate as a mobile virtual network operator, or MVNO, using MTN’s mobile …

[ad_1] A Cape Town court ordered Santam to pay business interruption claims to two South African hotel companies, which could open up the industry to cover losses suffered from the coronavirus pandemic. The court agreed with the UK Financial Conduct Authority’s approach to resolving business interruption claims as a result …

[ad_1] Subsidiary of EOH Holdings EOH Mthombo sold Mars Holdings and its core Syntell business to a consortium led by current Syntell CEOs for a base price of R211 million. The consortium is made up of Mark Chewins (Syntell CEO), Ametje Rist (its CFO) and Mike Hellens (CEO), as well …

[ad_1] On November 13, Zambia became the first African nation in the Covid era to default on its external debt. The default was caused by the inability of the government to reach an agreement with the holders of $ 3 billion of its external bonds (the so-called Eurobonds). The government …

[ad_1] The National Treasury has warned that the nationalization of the South African Reserve Bank (Sarb) could expose the central bank to corruption or capture similar to that experienced by some state-owned companies. The proposed amendments do not strictly require a change in the bank’s mandate, but Treasury CEO Ismail …

[ad_1] More than 50 large companies in South Africa have formally committed to pay their small and medium-sized business (SME) suppliers within 30 days, as part of an effort to ensure that SMEs survive the economic crisis. The initiative is spearheaded by Business for South Africa (B4SA), the SA SME …

[ad_1] Palesa Moloi, 34, who works in Randburg, said she had no choice but to try to find a taxi. “My bosses didn’t want to understand that I couldn’t go to work. I can’t work from home because I’m a cleaner, but I can’t go to work because there are …

[ad_1] MultiChoice plans to launch unlimited fiber bundled DStv subscriptions through South African ISPs in the near future. This is according to MultiChoice CEO Calvo Mawela, who told MyBroadband that the company plans to launch this product through partner ISPs before the end of its financial year in March 2021. …

[ad_1] (Supplied image) Pick n Pay has joined the mobile services market and offers competitive rates and data rewards for smart shoppers. Using MTN’s mobile network infrastructure, PnP Mobile offers customers prepaid, SIM-based access to airtime, SMS and data services. A tier-based Smart Shopper Instant Rewards system will track monthly …