The Capitec Board announced today that Gerrie Fourie, a founding member and CEO since January 2014, will retire at the Annual General Meeting on 18 July 2025. Fourie has been part of the executive management team for 25 years. Under his leadership, Capitec evolved from a challenger bank with 5 million clients in 2014 into [...]

KwaZulu-Natal provincial management for the State Information Technology Agency (SITA) has highlighted government departments’ nonpayment for services rendered as a significant challenge for the IT organisation. This was raised as a concern during Portfolio Committee for Communications and Digital Technologies member Sibongiseni Vilakazi’s oversight visit to the state-owned company’s offices in Durban. Management wants the [...]

Business sentiment in South Africa has surged to levels not seen since 1994, as the newly-formed Government of National Unity (GNU) seeks to restore optimism. Prof. Theo Venter from the University of Johannesburg attributes this shift to expectations that the ANC-led coalition, which includes the DA, will deliver on key policy reforms. However, he warns [...]

Pick n Pay's Happy Hour Promotion: Boosting Sales or Sacrificing Margins? Since October, Pick n Pay, a leading supermarket retailer, has been enticing its Smart Shopper members with generous discount vouchers during specific times and days. Let's delve into the details and implications of this promotional strategy. Happy Hour Discounts: Up to 50% Off Your [...]