Telkom wins AGM vote despite share issue dissent

Telkom wins AGM vote despite share issue dissent

At Telkom’s AGM, shareholders representing about 84.4% of the company’s ordinary shares voted on most resolutions. Telkom shareholders have backed the re-election of the telecommunications group’s directors and the appointment of its board committee members. However, they showed resistance to proposals that would give the board broad powers to issue shares. At Telkom’s annual general…

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Nedbank tests next-gen self-service branches

Nedbank tests next-gen self-service branches

As digital banking accelerates, Nedbank is redesigning physical touchpoints rather than abandoning them altogether. Nedbank is testing a new hybrid banking model that combines self-service technology, digital on-boarding and human assistance in retail environments, as banks rethink the role of traditional branches. The big-five bank has introduced a pilot Client Connect Zone, with deployment into…

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South African inflation breaks its upward run

South African inflation breaks its upward run

South Africa’s headline consumer inflation slowed to 4.3% year on year in July from 5% in June, data from Statistics South Africa showed on Wednesday, breaking a four-month run of accelerating prices. Economists polled by Reuters had expected inflation would ease to 4.5%, helped by lower transport costs as fuel prices retreated after a temporary…

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GOP lawmakers criticize Trump’s beef import plan amid blowback from ranchers

GOP lawmakers criticize Trump’s beef import plan amid blowback from ranchers

House and Senate Republicans on Friday criticized President Donald Trump’s decision to suspend tariffs on ground beef imports, with lawmakers from agricultural states decrying the impact Trump’s decision will have on farmers. Nebraska’s GOP senators, Deb Fischer and Pete Ricketts, said in separate posts on X that Trump’s decision was unwise. “I’m extremely disappointed by…

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Carney calls Trump’s fresh tariffs a ‘miscalculation’ after trade talks collapse

Carney calls Trump’s fresh tariffs a ‘miscalculation’ after trade talks collapse

Carney’s speech on Saturday was his first address to Canadians after he announced late on Friday night that a deal would not be reached, accusing the Americans of making “last-minute changes” that were “unfair” and “uneconomic”. US negotiators, meanwhile, accused Canada of making “new demands and walk backs” on terms which had been agreed earlier…

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