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Danone ramps up US baby formula shipments to address shortage

Danone ramps up US baby formula shipments to address shortage

Aptamil maker Danone SA has stepped up shipments of infant formula from Europe to address a shortage in the United States, according to US customs data and an analysis of ocean cargo data by shipping consultancy Ocean Audit for Reuters.

Steinhoff told it faces $3.4 bln worth of settlement claims

Retailer Steinhoff has been informed it faces about €3.2bn (about R53.6bn) worth of claims in its settlement with shareholders who lost money when its stock plunged after the revealing of an accounting fraud in 2017, it said on Friday.

Non-stop flight from Washington to Cape Town on the cards

Cape Town is the most in-demand route between the US and SA without non-stop service.

Musk links deal progress on proof of spam bot share on Twitter

Elon Musk said on Tuesday his $44bln offer would not move forward until Twitter Inc shows proof that spam bots account for less than 5% of its total users.

FNB helps bridge digital divide with affordable smart devices

SPONSORED | Payable over 24 months, FNB Connect ‘Hero Device Deals’ offers customers high-end smartphones, laptops and tablets

Nigeria's accountant general faces corruption charges after arrest

Nigeria's economic crimes agency said on Monday night it had arrested the country's accountant general over charges of diverting public funds and money laundering to the tune of 80bln naira ($193mln).

Uber launches robot food delivery in California

Uber Technologies Inc on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app.

NUM shocked at Ubank move

The National Union of Mineworkers (NUM), one of Ubank's major shareholders, said it was shocked and surprised by the Reserve Bank move to put Ubank under curatorship after it raised the required amount.

Insurers warn of new car theft device

The insurance crime bureau has warned of an increase in car thefts by criminal syndicates using a method known as a “relay attack.”

Detroit’s ‘Big Three’ reinstate mask mandate at some Michigan facilities

General Motors Co, Ford Motor Co and Chrysler parent Stellantis NV said on Sunday they are reinstating a requirement that employees wear masks in southeastern Michigan where there are high levels of Covid-19.

McDonald's to investigate allegations of dead frog found in McChicken burger

Speaking to TimesLIVE, McDonald's spokesperson Daniel Padiachy said they were in contact with the family and the matter is being investigated.

'Make chicken VAT-free to stave off starvation'

NPO FairPlay has reiterated its call to government to remove the 15% VAT from the chicken portions most consumed by lower income households.

'Upset' Mbundu welcomes new township economic bill

The launch of the Soweto Investment Conference 2022 was marred by drama after Joburg MMC for economic development Nkuli Mbundu left as MEC Parks Tau spoke.

Labour court bars some ArcelorMittal workers from strike -union

The labour court has ordered workers at ArcelorMittal SA Ltd's steel plants, blast furnaces and coke batteries to be excluded from an ongoing job boycott.

Dis-Chem hit by data breach — personal information of 3.6 million people accessed

Dis-Chem has confirmed an “unauthorised party” gained access to a database containing the personal information of more than 3.6-million people which could be used for criminal activities, such as phishing attacks.

Banking ombud reveals significant increase in complaints against banks

A record number of complaints about bank conduct was received by the ombudsman for banking services (OBS) last year, with internet banking fraud cases the biggest contributor.

Toyota set to gradually reopen flood-damaged factory

Toyota SA has resumed some operations at its Prospecton plant near Durban, which was closed due to extensive damage caused by the recent KwaZulu-Natal floods.

Stokvels a mirror of the communities they come from

For many years, stokvels have served as a helpful savings tool for our people. However, due to them existing informally in the past, the industry’s regulatory aspect consists of some grey areas.

Numsa begins strike at ArcelorMittal

SA's largest metal-workers' union began a strike at ArcelorMittal South Africa Ltd on Wednesday after wage negotiations broke down, the steelmaker said in a statement.

Meet Africa's only driver of hydrogen truck

Alex Tumisang Lekgau is the first licensed hydrogen truck operator in Africa and operator of the largest one in the world.

Netflix tells employees ads may appear by end of 2022 - NYT

Netflix Inc could introduce its lower-priced ad-supported subscription plan by the end of the year, earlier than originally planned, the New York Times reported on Tuesday.

SA must address regulatory and administrative problems to ensure mining industry thrives: Ramaphosa

President Cyril Ramaphosa has acknowledged the need to address regulatory and administrative problems to ensure the mining industry thrives.

Foreign food delivery drivers stage rare strike in Dubai

Foreign food-delivery workers in the United Arab Emirates staged a mass walk out on Monday, calling for better pay and working conditions in a rare instance of industrial action in the country.

SA says still interrogating R137 bln climate deal with rich nations

SA's government is still analysing details of a R137 bln financing package offered by rich Western nations last year to help the country shift away from coal, environment minister Barbara Creecy.

WHO calls for governments to restrict online marketing of alcohol

The World Health Organization is calling for governments to integrate comprehensive restrictions or bans on alcohol marketing as digital marketing, across borders target the young and heavy drinkers with "sophisticated" online marketing.

Shell posts record quarterly profit, lifted by energy price surge

Shell on Thursday reported a record first-quarter profit of $9.13 bln, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.

Africa CDC urges Covid-19 vaccine buyers to order from SA's Aspen

Africa's top public health body urged all those purchasing Covid-19 vaccines for the continent to place orders with South Africa's Aspen Pharmacare , saying the market was key to developing vaccine manufacturing on the continent.

Gold Fields first-quarter output up 7%

Gold Fields Ltd on Thursday reported a 7% increase in first quarter production while flagging the impact of rising inflation on costs.

Friend with investment idea gathers 10 others with a vision of financial well-being

Capital One Partners (COP), which was established in 2019, is aimed at building wealth through investing in financial markets.
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