Vodacom Group plans to cut 80 jobs in its biggest market
Vodacom’s net income rose 9% to R8.5bn in the six months ended September 30, while costs jumped 37% to R28bn.
TUESDAY, 19 MARCH 2024, 12:13
Vodacom’s net income rose 9% to R8.5bn in the six months ended September 30, while costs jumped 37% to R28bn.
The rand is under pressure, with markets expecting a much slower path to interest rate cuts.
Suspended National Lotteries Commission (NLC) company secretary Nompumelelo Nene has failed in her urgent legal bid to halt disciplinary proceedings against her.
Eviden, a unit of Atos Group, will deliver and install the machine, to be named Gefion, later in 2024.
‘We should have a more growth-orientated monetary policy, and it irritates me to no end that we have the highest real interest rate in the world,’ adds the economist as he shares insights on the latest Afrimat Construction Index.
Expectations for South Africa’s economy and the rand have taken a sour turn – even though the inflation outlook has improved.
Laurium Capital celebrated its 15th anniversary in 2023 – with the South African asset manager enjoying excellent growth since inception.
Average inflation expectations for this year dropped to 5.4% in the first quarter of 2024, from 5.7% previously, according to a survey.
The Universal Basic Income Coalition (Ubic) is urging the Minister of Social Development to reject the R20 increase to the SRD grant, calling it an insult.
Unilever said the job cuts, which will affect mainly office-based roles, are part of a plan to achieve €800 million in cost savings over the next three years.
PSG Head of Securities Wendy Myers explains when you should and when you shouldn’t sell a stock.
Wall’s, Ben & Jerry’s and Magnum are among the brands that will be spun-off as part of a restructuring plan.
The public enterprises minister has told SAA employees that they should thank the government for saving the airline from being liquidated, and not fret about its future.
In early trade the rand was at R19.02 to the dollar.
Japan’s central bank on Tuesday scrapped its negative interest rate as it finally began unwinding one of the world’s most aggressive monetary easing programmes.
Johann Rupert scored a R37 million payout from Remgro, despite the group’s strained performance in the first half of the year.
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Migration to cloud-based systems can be daunting. Euphoria’s reseller program offers tailored telephony solutions and support.
Brent for May settlement was 0.2% lower at $86.71 a barrel at 12:02 p.m. in Singapore