“Takealot and Amazon Set to Drive E-commerce Growth in South African Market”

South Africa’s leading online retailer, Takealot, sees Amazon’s plans to enter the country’s e-commerce market as a sign of potential growth, despite challenges such as power cuts, antitrust issues, and inflationary pressures. Takealot, owned by Naspers, launched in 2011 and has become the largest online retailer in South Africa with $827 million in revenue reported […]

“The Incredible Story of Thabo Bester: Murderer, Rapist, and Escape Artist”

The recent escape of Thabo Bester who was convicted of murder and rape after luring victims via Facebook has shocked the nation. Bester had escaped from the Mangaung maximum-security prison by setting his cell on fire and a body found in the cell was initially believed to be his. However, it has now been confirmed […]

Oil rises on China stimulus expectations, weaker dollar

Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles. Brent crude futures rose 64 cents, or 0.8%, to $84.82 a barrel at 0557 GMT, while U.S. West Texas Intermediate futures gained 67 cents, or 0.8%, to $80.41 […]

The sector standing strong in South Africa’s storms

Despite global banking turmoil, increased load shedding, the threat of rating downgrades and a greylisting, South Africa’s banks have been able to weather some rough storms. This is because they are well-capitalised and have high levels of liquidity, says Dr Francois Stofberg, managing director of Efficient Wealth Private Clients. Stofberg’s comments come in the context […]

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