Twitter Files don't mention, let alone "expose" Bill Gates — fact check
Social media posts claim Elon Musk’s Twitter Files “exposed” Bill Gates “so hard” that the Microsoft co-founder turned off comments on his tweets. But the Twitter Files, released in December 2022, don’t discuss Gates. And...
Samsung holding first in-person launch event since start of Covid-19 outbreak
Samsung Electronics Co. plans to host its first in-person product launch in three years at the start of next month.
The world’s biggest smartphone maker will introduce its latest Galaxy flagship devices at an...
Foxconn reports over 11% decline in iPhone sales after Covid-related unrest
Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak in the Chinese city of Zhengzhou, where the company operates the...
Bitcoin hit by China unrest over Covid-zero restrictions
Cryptocurrencies slid Monday amid a bout of investor anxiety in global markets sparked by protests in China against Covid restrictions.
Bitcoin, the largest token, at one point shed 3.2% and was trading at about $16,170 as of 12:40 p.m...
Outsurance policies now have an exclusion for driving while sick — what it means
Outsurance has clarified an exclusionary clause that many South Africans understood to mean that their policies would not pay out if they were involved in a car accident while ill.
The clause — which people...
Ellies fires workers over Covid–19 vaccines
Ellies has dismissed eight employees for refusing to comply with the company’s Covid–19 vaccine mandate.
The staff were placed on “no work, no pay” from 1 July, ahead of their incapacity hearings conducted later in the month.
South Africa ends daily Covid-19 case updates
The National Institute of Communicable Diseases (NICD) and National Department of Health will stop publishing daily updates on Covid-19 cases and deaths in South Africa after Friday.
The NICD is a national public health institute that provides...
Ellies tanks on loss warning
Ellies share price tanked on Friday after issuing a warning to shareholders that it expects to report a headline loss of between 6.49 and 7.77 cents per share.
Last year the company reported headline earnings per share of 9.19 cents.
Telkom implementing mandatory Covid–19 vaccination policy
Telkom has informed staff that it will implement a mandatory vaccination policy across the company for people accessing Telkom Group premises.
A spokesperson has confirmed the policy to MyBroadband and clarified that it only applies to...
South Africa is shutting down many Covid-19 vaccination sites
Many private Covid-19 vaccination sites in South Africa are shutting down because they are no longer financially viable.
At the same time, public sites might also function at a lower capacity as the sector is shifting its attention...
Apple shares hit by closure of Foxconn factory
Apple Inc. shares fell on Monday, closing below their 200-day moving average for the first time since June, after the iPhone maker’s supplier Foxconn halted operations at its Shenzhen sites following a government-imposed lockdown.
Shares dropped...
Game drags down Makro with R1 billion loss
Massmart has released its 2021 financial results for the 52 weeks ended 25 December 2021, reporting a R2.20 billion net loss.
This is 25.7% worse than the R1.75 billion loss the company reported last year.
South African tech manufacturers hammered by Covid-19 and July riots
Several tech manufacturers in South Africa were hit hard by the Covid-19 pandemic and subsequent lockdowns, with critical elements such as shipping taking almost twice as long as it did pre-pandemic.
And if that wasn't...
South Africa will "cautiously withdraw" Covid-19 state of disaster
Public service and administration minister Ayanda Dlodlo says work is underway to “cautiously withdraw” the National State of Disaster in line with the risk-adjusted strategy.
Dlodo said this when Ministers in the Governance...
Makro and Game owner lost R1.5 billion in 2021
Massmart has warned shareholders to expect 60% to 70% higher headline losses for the 52 weeks ended 26 December.
Net losses for the period are also expected to be between 51% and 61% higher than last year.
Ramaphosa wants to end State of Disaster — what must happen
President Cyril Ramaphosa affirmed his intentions to end the national state of disaster during his State of the Nation address on Thursday, 10 February 2022.
"It is my intention to end state of disaster as soon as we have finalised...
Massmart sales wrecked by riots and alcohol bans
Makro and Game owner Massmart has reported that its general merchandise sales, its second-largest sales category, was 9.7% lower in the fourth quarter of 2021 compared to the same period in 2020.
“Sales were impacted by various factors...
Grade 1s in South Africa can't work out 4 minus 1
Experts are warning that the positive spin on South Africa's latest matric results in the wake of the Covid-19 pandemic is ignoring the overall devastating impact the last two years have had on younger learners.
A lot of the recent focus has...
Ellies hammerblow
Ellies has alerted shareholders that it expects to report a revenue decline of 24.6% for the period between May and October 2021.
"The general trading environment in this period has remained constrained in the wake of the ongoing Covid-19 pandemic, the unrest and related...
MTN announces Covid-19 vaccine mandate
MTN says that it will implement a mandatory vaccination policy for staff from January 2022, as part of its commitment to protect the health and safety of its people and workplaces, and contribute towards the rate of Covid-19 vaccinations across its markets...