Author: bradcheap82
FNB services were not accessible for a brief period on Friday. (Supplied/ FNB) An IT outage that downed FNB systems, including its app and website from 12:25 on Friday, was seemingly mostly resolved less than an hour later.While the bank has not confirmed which services went down and what the issue was, customers took to social media to complain about not being able to access the FNB app and not being able to process payments.There was a huge spike in outage reports for FNB on network outage reporting site Downdetector starting at 12:25 on Friday. By 13:25 on the same…
Botswana’s President, Mokgweetsi Masisi, had to use both hands to hold the world’s second largest diamond.”God is good,” he exclaimed as the 2,492-carat stone was unveiled. A Canadian mining company, Lucara, discovered the diamond in the Karowe diamond mine. The world’s largest stone was 3,106-carat and was found in South Africa in 1905.Read more about the huge stone here. This article was originally published by a www.bbc.com . Read the Original article here. .
FNB’s online platforms and ATM services were down on Friday but have since been fixed. This article was originally published by a www.iol.co.za . Read the Original article here. .
President Cyril Ramaphosa says government remains committed to collaborating with business, labour unions, and other social partners to advance the structural reforms necessary for fostering inclusive economic growth and creating jobs. The President said this in his weekly newsletter to the nation on Monday. “We cannot rebuild our country unless all South Africans work together. We will continue to work with business, labour and other social partners to drive the structural reform process that will boost inclusive economic growth and jobs. “There is indeed an air of optimism in our country. Let us harness this confidence and goodwill to increase…
Sports retailer Cross Trainer has entered business rescue, joining a growing list of high-profile companies in distress. This article was originally published by a businesstech.co.za . Read the Original article here. .
HSBC Holdings is currently exploring a sale of its South Africa businesses, Bloomberg News reported on Tuesday, as the once globe-spanning company continues to move its focus towards Asia. This article was originally published by a www.reuters.com . Read the Original article here. .
(Javier Ghersi/Getty Images) South Africa’s economy likely avoided a recession in the second quarter, with improvements in manufacturing, retail, and wholesale trade sales.Analysts predict 0.5% GDP growth for second quarter, supported by lower inflation and improved electricity supply.Business confidence has risen post-election, with the rand rallying and hopes for economic reforms and investment.For more financial news, go to the News24 Business front page.South Africa’s economy probably avoided tipping into a recession in the second quarter, handing the country’s new coalition government a much-needed base to build on over the rest of the year.Stronger readings from manufacturing, retail and wholesale trade sales…
Competition is a good thing. This is the common thread through global competition law, which aims to prevent monopolies – when one firm dominates a sector. For instance, if the two most prominent companies in an industry want to merge, a country’s competition authority would likely block the merger. This would be on the grounds that the new entity would reduce competition. Such dominance wouldn’t be good for consumers, as competition usually drives down prices and is good for product quality. South Africa’s competition law follows the same principles. But it has another unique set of conditions too. South African…
The township economy in South Africa requires excellence from big businesses. Unfortunately, many corporate entities fall short of this standard, often displaying a level of disrespect towards the residents of these communities. This issue becomes evident when you compare the retail stores that have migrated from urban areas to townships. The planning and execution of these stores in townships often seems haphazard and inferior compared with their urban counterparts.When township residents visit these new retail outlets, they immediately notice the differences. The stores in urban areas typically have better layouts, a wider variety of stock, and superior service. In contrast, the township…
South Africa’s business sector faces severe threats from business mafias, with extortion impacting multiple industries and provinces. SA’s business landscape is under siege from increasingly organised criminal networks known as business mafias and extortion rings. The groups, which began by extorting the construction sector in KwaZulu-Natal, have now expanded their operations across multiple industries and provinces such as the Eastern Cape, where local business have closed down due to extortion, according to crime experts. ALSO READ: Extortion rackets force closure of schools in Mthatha, committee demands police action No one safe from business mafia extortion This has led Business Unity…