Another one of South Africa’s biggest malls just sold for R1.6 billion
Retail property group Hyprop has announced that it has acquired Table Bay Mall in the Western Cape for R1.625 billion. The group announced that it would acquire 100% of the commercial letting enterprise, including the property and lease agreements relating to the mall, as well as the solar panel installation currently being installed. As rationale […]
This is the company that the most South Africans want to work for
Capitec is the most searched employer in South Africa, with thousands of South Africans looking for opportunities at the bank every month. This is according to Switch on Business, which analysed Google search volume data for employment opportunities at different companies in every country using the Ahrefs Keyword Explorer. The companies in each country are […]
Australia fines X for failing to crack down on child abuse content
Australia internet safety watchdog has slapped a A$610,500 ($386,000; £317,360) fine on Elon Musk’s X for failing to cooperate with a probe into anti-child abuse practices. It comes after Mr Musk in a post last November said that “removing child exploitation is priority #1”. The eSafety Commission criticised the firm’s “empty talk” on the issue. Insiders had earlier told […]
Big move for Bitcoin payments in South Africa
South African crypto exchange VALR has announced a new partnership with global card payment group Visa to expand the use of crypto payments in local and global markets. In what it calls a “strategic partnership”, VALR said that it will be collaborating with Visa on payment services that should open up crypto payments and help […]
Restraint of trade in South Africa – what former employees have to watch out for
Former South African employees who entered into a restraint of trade agreement with their former employer must act cautiously, as the courts take these provisions seriously. Attorney Helena Strijdom said that the South African courts have generally upheld the employer’s right to restrain a former employee from unfairly competing with them if certain conditions have […]
Microsoft in $29bn back taxes dispute in US
Microsoft has said it will contest a US tax authority’s request to pay an additional $28.9bn (£23.5bn) in back taxes for the years 2004 to 2013. The Internal Revenue Service has been auditing how the firm allocates profits among countries and jurisdictions. But Microsoft said “the issues raised by the IRS are relevant to the past but […]
SA Post Office In Debt Due to Billions Lost in Fraud and Theft
The South African Post Office (Sapo) has found itself teetering on the precipice of insolvency, and a significant portion of the blame for this precarious situation can be attributed to its own employees. The entity, struggling under the weight of financial woes, has been compelled to take severe measures against its own staff members due […]
Promoting Disability Inclusion in the Workplace
In today’s rapidly evolving work environment, fostering diversity and inclusion is no longer just a moral imperative; it is a business necessity. Among the underrepresented groups striving for equal opportunities are people with disabilities. Despite progress in accessibility and the presence of assistive technologies, numerous challenges persist, from misperceptions about the capabilities of disabled individuals […]
Untu’s Call for Competency in Strategic Positions Amid Transnet Leadership Change
The United National Transport Union (Untu) has recently urged the government to prioritize the appointment of competent candidates to key strategic positions within the nation. This plea comes in the wake of the resignation of Transnet Freight Rail CEO, Siza Mzimela, which adds to the existing concerns about the parastatal’s ongoing underperformance. Untu’s spokesperson, Atenkosi […]
Prada to design Nasa’s new Moon suit
Nasa astronauts will be flying in style, with luxury fashion designer Prada helping design space suits for the 2025 Moon mission. The Italian fashion house will work to design the suits alongside another private company, Axiom Space. In a press release, Axiom said Prada would bring expertise with materials and manufacturing to the project. One […]
