Banking group FirstRand has increased its shareholding in JSE-listed fintech Optasia to 26.1% after acquiring an additional 6% stake in a deal worth about R1.48-billion. The banking group purchased 74.1 million ordinary shares at R20 each on 25 March from an entity owned by Bassim Haidar, Optasia’s founder and non-executive director. The transaction follows FirstRand’s…
Finance minister Enoch Godongwana. To enhance cross-government bulk purchasing systems designed to save costs, the state has allocated R285.3 million over the medium-term. This process will start with the modernisation of the government payroll system, according to insights from National Treasury’s 2026 Budget Review document. The high-level document is released in tandem with the 2026…
New York City, United States – Since the recent termination of the nearly decade-old trade rule called “de minimis,” United States consumers and businesses have been exposed to slower shipping, destroyed packages and steep tariff fees on international goods – foreshadowing what could make for a chaotic holiday shopping season. For major international carrier UPS,…
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At least 12 people were killed after a UPS cargo plane crashed during take off from an airport in Louisville, Kentucky on Tuesday evening, the state’s governor said. Andy Beshear said the death toll is expected to rise and likely includes at least one child after the freight plane exploded as it departed Louisville Muhammad…
Prosus and Naspers CEO Fabricio Bloisi. Naspers subsidiary Prosus doubled the number of artificial intelligence (AI) agents working alongside its employees in July, underscoring the company’s push to embed AI at the core of its operations. This update came from CEO Fabricio Bloisi in a letter to shareholders following the group’s annual general meeting (AGM),…
NewsFeed UK Prime Minister Keir Starmer, under pressure to recognise a Palestinian state, said he would do so only as part of a wider peace deal. His Labour-led government is facing growing calls to recognise a Palestinian state after France said it will and a cross-party group of parliamentarians urged Starmer to act before it…
The South African Revenue Service (Sars) has entered its AI era — and the taxman is watching more closely than ever. With artificial intelligence now scanning bank records, crypto trades, and lifestyle mismatches, there’s nowhere left to hide. Sars is modernising its operations by integrating advanced data analytics and artificial intelligence (AI) to strengthen tax…
Digital tools help Famous Brands adapt to changing consumer needs in a connected market. JSE-listed restaurant franchisor Famous Brands is ramping up its investment in consumer-facing technologies, with a focus on digital ordering, payment integration, loyalty platforms and delivery enhancements. According to its latest annual report, the company’s adoption of digital tools is helping its…
