Unraveling the Standard Chartered Currency Manipulation Scandal
In recent developments, the financial sector is abuzz with discussions surrounding the Standard Chartered currency manipulation scandal. After eight years of litigation, the Competition Commission and the British multinational bank have reached a settlement, with Standard Chartered agreeing to pay a substantial amount of R42.7 million. This settlement marks the bank as the second commercial […]
Political Turmoil in Israel: Yair Lapid Urges Netanyahu’s Immediate Resignation Amidst Ongoing Conflict
The political landscape in Israel is undergoing a seismic shift as Yair Lapid, the Israeli opposition leader, has called for Prime Minister Benjamin Netanyahu’s immediate resignation amidst the ongoing conflict with the Palestinian militant group, Hamas. Lapid’s plea, made during an interview with Israeli news channel N12, has sparked a contentious debate within the country’s […]
Boosting Morale and Performance at Eskom
In a bid to uplift the spirits of a demoralized workforce at Eskom, South Africa’s Electricity Minister, Kgosientsho Ramokgopa, introduced performance bonuses as a strategic measure. Ramokgopa recently briefed Parliament’s public enterprises committee on Wednesday, shedding light on the energy action plan and the transformative steps taken to enhance employee morale and, consequently, the efficiency […]
NFP Joins Forces with SARA for the 2024 Elections
In a surprising twist in the landscape of South African politics, the National Freedom Party (NFP) has decided to forgo its position on the ballot paper for the upcoming 2024 general elections. The move comes as the party rallies behind the newly formed South African Rainbow Alliance (SARA), a coalition of minority parties led by […]
Starbucks faces walkout at hundreds of US stores
The union representing thousands of Starbucks workers in the US is staging a walkout on one of the coffee chain’s busiest days of the year. The action comes amid a bitter fight between Starbucks and Starbucks Workers United, which started organising workers at the company in 2021. The two sides are fighting over pay, scheduling […]
Death by half a million cuts — South Africans kiss DStv goodbye
MultiChoice lost nearly half a million DStv subscribers in South Africa in the past year, according to the company’s latest interim results (1H FY2023). As of the end of September 2023, the pay-TV broadcaster’s 90-day active subscribers in its country of origin stood at 8.629 million. This was 486,000 less than the 9.115 million it had at […]
