Good growth at online fashion retailer Bash has helped lift the contribution to The Foschini Group’s Africa sales to 7%, the retail group said in a trading update on Thursday. The financial update, for the three-month period ended 28 June 2025, said TFG’s Africa online sales jumped by 40.2% year on year, driven mainly by…
The introduction of robotics has not led to any job losses, says Barloworld. Barloworld’s R34 million investment in robotics is yielding strong returns, without affecting jobs, according to Mbali Tshitenge, executive for aftermarket at BarloworldEquipment Southern Africa. She shared insights during an interview with ITWeb. The investment, focused on Barloworld Rebuild Centre (BRC) – one…
Restructuring forms Telkom’s broader turnaround strategy to create a more agile business. JSE-listed telecommunications firm Telkom has revealed it incurred R160 million in restructuring costs during the past financial year, as part of its efforts to streamline operations and improve long-term efficiency. This figure was disclosed in Telkom’s integrated report for the year ended 31…
SARS commissioner Edward Kieswetter. More than three-quarters of taxpayers have already received auto-assessments, and refunds worth R10.6 billion have been paid out, according to the South African Revenue Service (SARS), as its investment in artificial intelligence (AI) begins to show significant returns. The auto assessments and refunds were processed ahead of the official start of…
