By Zuko Komisa Multichoice is bleeding premium subscribers A slower fall in Compact Plus subscribers has affected the company's overall "premium" segment, despite DStv Premium adding a few subscribers in South Africa during the past year. According to MultiChoice, the broadcaster's parent business, the most recent interim results for the first half of the broadcaster's 2023 fiscal year (1H FY23) were released on Thursday, November 10, 2022. The results revealed […]
By Zuko Komisa Adidas has confirmed its plans to sell Kanye West's designs without his Yeezy name — and they will reportedly save them hundreds of millions of dollars. According to reports, Adidas has confirmed its intention to market Kanye West's creations without the Yeezy brand. This decision is expected to save Adidas $300 million. In an article that was released on Wednesday (Nov. 9) by CNN Business, Adidas announced […]
By Zuko Komisa Another dam wall collapses; this time in the North West. Wall of Paardekraal Dam collapses as a result of North West's strong rains Due to the region's high rainfall, the Paardekraal Dam wall outside of Rustenburg, North West, has collapsed. The neighbourhoods of Paardekraal, Sunrise Park, Popo Molefe, and Boitekong have issued warnings to residents and drivers not to cross any bridges because they are already underwater. […]
By Zuko Komisa ANC in Gauteng has resolved to charge Masina for putting the party into disrepute. The Ekurhuleni regional chairman of the ANC will face charges for rejecting a higher structure and putting the organization into disrepute, according to the ANC Gauteng Provincial Executive Committee (PEC). Despite the motion of no confidence's success, Campbell was re-elected as chairwoman of Ekurhuleni on Tuesday. The motion of no confidence was a result […]
By Zuko Komisa FNB has launched a R200m Vumela fund to grow small businesses. The fourth Vumela fund, worth R200 million and established on Tuesday by big four bank FNB, intends to provide alternative financing to 150 black-owned firms and generate 1 000 employment. The commercial banking division of FNB created the Vumela Enterprise Development Fund in 2009 in collaboration with the venture capital and private equity firm Edge Growth. […]
By Zuko Komisa A Seventh-Day Adventist Church treasurer who stole R800K in tithes has been sentenced to three years in prison. A Zimbabwean lady was given a three-year prison sentence for stealing church money between 2012 and 2015. Lady Memory Mutsika, 43, had been charged with 128 charges of theft, according to Lumka Mahanjana, a spokesperson for the National Prosecuting Authority (NPA). Also Read: Eskom’s Duduzile Moyo and her family’s […]