Category Archives: GIBS Knowledge and Information Services

All things relating to the workings and service offerings of the Information Centre

‘Time to throw the rules away’ — experts agree SA must modernise business models, infrastructure to revive economy (DM)

Throw out the script and start fresh. That seemed to be the consensus from the Daily Maverick panel discussing challenges around the business environment and the economy at The Gathering in Cape Town on Thursday morning.  Mark Barnes, former chief executive of the South African Post Office and founder of the Purple Group, suggested moving away from […]
Read More »

Old Mutual launching new bank in South Africa in 2024 (BT)

Financial services group Old Mutual says that it has received approval from the South African Reserve Bank’s Prudential Authority to apply for a banking licence, with plans to launch its own bank in 2024. In a voluntary business update on Tuesday (22 November), the group said that it had received Section 13 approval from the […]
Read More »

Serving rising entrepreneurs and companies with private equity (Forbes)

Private equity (PE) may be the best option for most businesses today as banks become more regulated and scrutinized. PE checks almost every box in the entrepreneurs’ list; low-interest rates, diversification and risk mitigation, and a friendly political climate. In addition, private equity adds working capital to businesses and allows more freedom of growth, a […]
Read More »

These companies are crippling South Africa, more than rate hikes: CEO (BT)

Investec CEO Fani Titi said that poor management, corruption, and the overall failures of Eskom and Transnet would keep South Africa in crisis unless the government makes some difficult decisions, reported the Sunday Times. According to Titi, businesses are being impacted more by the challenges around state-owned entities than by increases in interest rates. South Africa’s economy […]
Read More »

The biggest threats to business in South Africa right now(BT)

Top CEOs say supply chain constraints, emerging technologies and regulatory risks pose the greatest threats to organisational growth in South Africa. This is according to new data from the African division of financial services firm KPMG and Business Leadership South Africa (BLSA). The CEO Outlook Report for South Africa surveyed 50 top CEOs from various […]
Read More »

New GIBS article: Determinants of financial worry By Frank  Magwegwe, Maurice  MacDonald, Hanna Lim, and Stuart Heckman

Abstract Grounded in the transactional stress-coping theory and the Tallis and Eysenck (1994) model of nonpathological worry, the present study sought to advance the conceptual and empirical understanding of financial worry (FW). We positioned objective financial stressors (OFS), subjective financial stressors (SFS), and coping resources as key variables in understanding the determinants of financial worry […]
Read More »

New GIBS book chapter: Wine consumers’ knowledge of wine and their wine self-confidence in different sales context By Alet C. Erasmus and Renée van Wyk

Abstract Wine is described as ‘an information-intensive, experience product’ that is difficult to choose due to the variety of wines available, which is continually expanding. Consumers’ wine self-confidence (WSC) is useful to reduce anxiety and risk perception when selecting wine. However, WSC may be subjective and influenced by what people think they know, rather than […]
Read More »

FNB launches R200m Vumela fund to grow small business(Moneyweb)

FNB launched its fourth Vumela fund, worth R200 million, which aims to offer alternate financing to 150 black-owned businesses and create 1 000 jobs. FNB’s Vumela Enterprise Development Fund was established in 2009 by the lender’s commercial banking unit, in partnership with venture capital and private equity firm Edge Growth. Vumela – an isiZulu word […]
Read More »

One of South Africa’s biggest retailers has an answer to SHEIN, Amazon and Walmart (BT)

The Foschini Group (TFG) is making a big play into e-commerce and the mobile shopping space in South Africa, promising ‘big things to come’ from its Bash shopping platform. Presenting its interim results for the six months ended September 2022, the group talked up the fashion and lifestyle platform that it launched into beta in […]
Read More »

South Africa gets R10 billion from France and Germany for the move away from coal – terms and conditions apply(BT)

South Africa, France and Germany have signed loan agreements for the two European nations to each extend €300 million – about R10 billion in total – in concessional financing to South Africa to support the country’s just energy transition. The loans will be provided by the French and German public development banks, Agence Française de […]
Read More »