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Chance to claim Odeon, Hereford

FANCY seeing a movie in Hereford for free? Here's your chance. Half a million tickets are being sold on Sunday, August 25, to people who play the National Lottery. Lotto's Double Prize Draw Event on Saturday, August 24, at the Cinema's, including the Odeon in Old Market, Hereford. The giveaway celebrates the National Lottery's 25th anniversary. Gurinder Chadha, Director of …

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Eskom warns SA is on the brink of further load shedding

Eskom's fragile generation system could not respond to demand for electricity. The energy availability of Eskom's generation fleet is expected to be as high as 80%, but even a 0.1% rise in GDP could result in outages, Nelisiwe Magubane, on Eskom board member, said at event organized by Afriforesight in Johannesburg on Wednesday. The utility, which supplies about 95% of …

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E-retailer Jumia uncovers fraud as losses widen

Jumia Technologies has identified cases of improper transactions at the Africa-focused online retailer's Nigeria business as well as 4% of first quarter sales. While the Berlin-based company says it's taking measures to Jumia's initial public offering in New York last month. Jumia found cases where "improper orders were placed and subsequently canceled". These included deals made by a team of …

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SA inflation surprises tailwind for bonds and rand

Investors in South African bonds are cheering for a slowdown in inflation, which has given the central bank more scope for interest rate cuts. Forward Rate Agreements, with a 32% probability and a 25 basis point reduction, will record the repo rate next month from zero on Monday. Yields on rand-denominated government bonds maturing in December 2026 fell 10 basis …

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WATCH: FlySafair makes emergency landing after cabin pressure malfunction

Picture: Supplied Durban – A FlySafair flight headed from Cape Town to Durban. According to Kirby Gordon, Head of Sales and Distribution departed on FlySafair's FA 461 at 20:01 pm from Cape Town International. "In these circumstances crew are required to initiate full safety protocol , which the crew of FA 461 did with full professionalism. Kirby said the aircraft …

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The US government has just invested R $ 600 million in a gas project in the Free State that promises to reduce global helium deficiency

(iStock) Free-enterprise gas company Renergen has just signed a R 600 million loan agreement to finance part of its development in Virginia. Renergen wants to produce liquefied natural gas and helium. Maybe a lot of helium. The US, with its hi-tech, emerging space industries, is particularly prone to a shortage of helium, which is difficult to produce and store. For …

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Tekkie Town vendors win again against Steinhoff

DURBAN – Former Tekkie Town executives demanded another victory over Steinhoff International after the Western Cape Supreme Court ruled in their favor. The Sellers of Tekkie Town filed an emergency request with the Supreme Court of Western Cape on April 25 for a ban on Steinhoff pending a ruling on the merits. Judge Nathan Erasmus yesterday cited the reasons underlying …

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New Mercedes-Benz EQV revealed: Get to know the electric V-Class …

Mercedes-Benz has unveiled its new EQV. It is offered in two wheelbase configurations. Note the charging connection under the headlight. The MBUX infotainment system is included. Various seating options are available. The new Mercedes-Benz EQV was unveiled, and the Stuttgart-based company calls it the "first all-electric premium MPV". The new EQV will be presented at the Frankfurt Motor Show in …

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The race for reach is on – Shoprite Group CEO

The Race for Reach is on, according to Shoprite Group CEO Pieter Engelbrecht. "This means the winners will be the retailers that reach the most customers via the most media and the largest number of distribution models, and we have Shoprite Group's market research indicates that Shoprite competes well with the position of lowest priced retailer, Engelbrecht says. Checkers stores, …

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