South Africa’s major banks are ‘too big to fail’, with the failure of just one bank resulting in devastating and far-reaching problems for the entire economic system, says Ismail Momoniat, deputy director-general for Tax and Financial Sector Policy at the National Treasury. Source: BusinessTech
The Shoprite Group – which operates Africa’s largest network of food stores – plans to launch its own mobile virtual network operator (MVNO) to offer cellular services. Source: MyBroadband
These are the new minimum requirements for SABS-approved alcohol-based hand sanitisers in South Africa. Source: MyBroadband
South Africa’s private sector must be allowed to secure vaccines on their own to speed-up the slow roll out of Covid-19 shots, according to the head of the continent’s biggest grocer. Source: BusinessTech
A year after Covid-19 was declared a pandemic in South Africa, chief executive officers (CEOs) are optimistic about global economic recovery, and the health of their own businesses – but despite this, a large number of local execs say they are not planning on hiring more staff. Source: BusinessTech
South African retailer Ackermans has launched a new online store which offers a range of cellular and tech products. Source: MyBroadband
Deputy Finance minister David Masondo says that the South Africa’s financial and asset management sector will see a transformation push through the introduction of the draft Conduct of Financial Institutions Bill. Source: BusinessTech
Energy analyst Chris Yelland says that Eskom’s ongoing energy supply woes are unlikely to be resolved in the near term, and suggests that South Africans try get off the national grid. Source: BusinessTech
Frans Hiemstra is general manager for Sub-Saharan Africa at e-hailing service Uber, having climbed the ladder within the company over the past six years. He initially joined the group as operations and logistics manager in 2015. Source: BusinessTech
South Africa’s leader in Tech, Incredible Connection has been at the forefront of work & study life for the past 25 years. Source: MyBroadband
