Business

FNB card data shows a big shift in spending habits in South Africa
A year After South Africa went into lockdown, FNB’s data shows a big an upsurge in customers who are spending on home delivery, video and music streaming apps for convenient access to services.

Veritas Ransomware Resiliency Research for South Africa – Download now
Veritas Technologies, which is partnered with Nexio in South Africa, has published its white paper titled “Ransomware Resiliency with the Veritas Enterprise Data Services Platform”.

Capitec is ‘switching off’ its old banking app
Financial service firm Capitec has notified customers that it will ‘switch off’ its old app at the end of the month – 30 April 2021.

Simon’s weekly wrap: Cash, luxury goods and interest rates
This week MoneywebNOW looked at cash vs equity returns; LVMH’s results; US and SA inflation expectations; Purple Group’s growth; tax and working from home; consumer spending trends and more.

South Africa on track with new rules for plastic bags
Forestry, Fisheries and the Environment minister Barbara Creecy has outlined government’s push to phase out harmful plastics for recyclable alternatives.

A case of collectables: Important considerations around NFTs
Non-fungible tokens are unique trading tokens; an asset held digitally with a unique code attached to it.

Hammerson: Shopping centre giant slashes rents in revival bid
Hammerson, whose centres include the Bullring and Brent Cross, is “resetting rents to more affordable levels”.

The IMF says a wealth tax could help with Covid-19 recovery – but a Nobel economist disagrees
The International Monetary Fund says that taxes on high-income earners and corporations can help advanced economies raise revenues to recover from the global pandemic.

Apple’s new privacy zeal is a threat to small app developers
In an iOS update expected this month, Apple will start asking users for permission to track their data across apps.
Shopping malls need to figure out how to move forward
Trend-Forward founder Dave Nemeth says bricks-and-mortar retailers are losing tenants and need to do longer-term planning and start doing ‘things never done before’.

Separating the good hats from the bad hats in crypto
It requires doing some basic due diligence, says Wiehann Olivier, digital asset lead and partner at Mazars.

Property owners in South Africa to be hit by price increases in the next few months
Record fuel price increases are grabbing headlines at the moment, but home sellers should be even more concerned about the increases in municipal tariffs that will be implemented in just a few months’ time, says Gerhard Kotzé, managing director of the RealNet estate agency group.

SA business group to help vaccinate 160 000 a day
SA had vaccinated 292 623 health-care workers as of April 15.

South Africa’s tourism businesses need to change their models: minister
Tourism minister Mmamoloko Kubayi-Ngubane says that South African tourism businesses have been particularly hard hit by the pandemic because of their focus on international travellers.

Third of French wine production lost due to cold snap
At least a third of French wine production this year, representing almost two billion euros in sales, will be lost due to a bout of unusually cold early spring weather, a federation said Wednesday.

South Africa opens Covid-19 vaccine registrations for phase 2 rollout – how to apply
Health minister Dr Zweli Mkhize has announced that online registrations for phase 2 of the country’s Covid-19 vaccine rollout will officially open at 16h00 on Friday (16 April).