Telkom has announced that its CEO and executive director Sipho Maseko will step down on 30 June 2022. The telecoms company said the process to appoint a successor is well underway and a designated group CEO will be announced in the not too distant future.
It is possible that cooking oil prevented more looting in South Africa in the last week than the president, the ANC, the intelligence community, the army and the police combined. This, without question, says something about the versatility of the product. It says even more about the state of the state. When you are shown up by canola, you might want to revisit your strategy.ByHoward Feldman
Performance Media across Search, Social and Programmatic platforms is the single fastest growing area of digital media in South Africa. Combine that with the detailed analysis of campaign management, tagging and ad operations, and it becomes apparent that these highly specialist functions require a highly specialised unit.
The Transnet Port Terminals website has been hacked, implying that all companies under Transnet have been affected. All Transnet websites were down at the time when reporting was done for this SA Trucker article. The publication cited sources who requested to remain anonymous because they are not allowed to speak to the media.
The Covid-19 pandemic has hit South Africa's small business sector hard and there are grim statistics to bear this out. Those statistics will not be repeated here. After all, if you are a small business owner setting out on the road to recovery, the last thing you probably want is more details of the toll the pandemic has taken on small enterprises. Far more useful would be some good, solid tips on how to build back better after any business setbacks.ByAmeen Hassen
The average cash withdrawal values across South Africa reflected a 5.72% year-on-year increase for the period 1 - 11 December 2012, increasing from R434.22 to R459.04, as measured by the Spark Cash Index (SCI). There was a month-on-month increase of 2.76%, suggesting improved consumer spending and retail trading conditions nationally.
According to Marc Sternberg, MD of Spark ATM Systems, this notable spike in consumer withdrawal activity in the first few days of December is in line with SCI data recorded over this festive season build-up period since the index commenced in 2007.
"If this trend continues, the upcoming Day of Reconciliation long weekend will prove very profitable for the local retail, leisure and hospitality sectors, so business owners operating in these sectors should ensure they take advantage of the increased cash in circulation by hosting in-store promotions and special offers to promote sales," says Sternberg.
Economists confirm trend
This increase in cash withdrawal patterns, noted by the SCI, is in line with the recent findings of the 2012 Deloitte Year-end Holiday Survey, which provides data around South African consumer spending habits during the festive period. It found that despite consumers indicating a lower disposable income this year compared to last year, they intend on spending an average of 5.70% more on food, gifts and socialising this festive season.
Cash withdrawal trends
"Furthermore, 82% of consumers said they will be shopping around for bargains by purchasing items on sale, highlighting the importance for retailers to ensure they make the most of the 'silly season' specials," continues Sternberg.
Spark ATM Systems will be releasing regular SCI cash flash updates in the build-up to Christmas to monitor real-time consumer spending trends during this peak retail period. Sternberg says that should next week's SCI data reveal a continued increase in ATM withdrawal activity, the highest monthly average cash withdrawal value of R457.67 - recorded during December 2011 - will almost certainly be beaten this December.
The SCI is a useful 'real-time' gauge of consumer spending, utilising the company's ATM systems' network of over 2000 ATMs located countrywide to reflect accurate, broad and timely cash demand and utilisation data. These ATMs are typically located in convenience stores, petroleum stations, specialist retail nodes and leisure & hospitality venues.
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