TechknowAge

Airbus, Boeing fly into lucrative services market

admin No Comments

Airbus and Boeing may have built their global success on the back of the transcontinental airliners but they are now eyeing a lucrative if rather less glamorous side of the aviation sector in their battle to dominate the skies — parts and repairs. While booming demand for air travel across has seen the world’s top
Source: The New Age

National minimum wage in spotlight

admin No Comments

THERE are serious consequences for those who misrepresent the facts in demonstrating their “inability” to pay the national minimum wage. The Department of Labour is developing an online system to help analyse data submitted by employers when applying for national minimum wage exemptions. Exemptions cover employers who can demonstrate that they are not able to
Source: The New Age

Slight uptick in SA foreign reserves in December

admin No Comments

SOUTH Africa’s net foreign reserves rose in December to $42.927bn, from $42.689bn in November. Gross reserves also jumped to $50. 722bn from $50.297bn, Reserve Bank data showed. However, the forward position, which represents the Bank’s unsettled or swap transactions, decreased to $1.196bn from $1.732bn. Foreign exchange reserves are reserve assets held by a central bank
Source: The New Age

New 2018 Lexus RX450h gets big price reduction

admin No Comments

It’s certainly not usual that a new luxury vehicle costs less than the previous year’s model did, but that’s what’s happening with the 2018 Lexus RX450h. Instead of the usual modest price increase for the new model year, Lexus hasn’t just reduced the price of the RX450h in the US, it has absolutely slashed it.
Source: The New Age

Volvo’s new V40 lineup to include EVs

admin No Comments

Volvo has enjoyed considerable commercial success with its recently-refreshed SUV line-up, but as other ultra-modern SUVs are making the V40 look a little past its sell-by date it’s about to update its popular V40 hatchback. But it appears there will be far more to the all-new version of the V40 than just cosmetic enhancement —
Source: The New Age

Credit extension slower

admin No Comments

CREDIT growth extension in households and corporates continues to slow down on the back on a lacklustre growth in the broader economy, the Reserve Bank said yesterday. South African banks have been sitting on cash as business and households (and banks themselves) have put the brakes on further loans, given the economic climate and banks’
Source: The New Age

Less eating out eats into profits

admin No Comments

AFRICA’S largest branded food service franchisor, Famous Brands, says profit attributable to shareholders decreased by 56% for the half year ended August. It said South African consumers visited casual dining and quick service restaurants 16% less this year compared with last year. The UK business weighed on profits in the wake of the Brexit decision
Source: The New Age

BlackBerry returns with a mid-range touchscreen smartphone

admin No Comments

After the KEYone took the brand back to its roots and its original philosophy with a physical keyboard, BlackBerry is now trying its luck with a more conventional smartphone. Its next model, the Motion, has made an appearance at GITEX Technology Week in Dubai. The new model is a classic, 100% touchscreen mid-range handset. The
Source: The New Age

Growth deteriorates

admin No Comments

A KEY manufacturing activity index shows SA’s private sector activity slipped to a 17-month low in September. The Purchasing Managers Index (PMI), published by Standard Bank yesterday, showed manufacturing activity shrank at the fastest rate since April last year as output, new orders and employment declined. Standard Bank’s PMI survey differs markedly from Absa’s PMI
Source: The New Age

Cashbuild sees rise in revenue, dip in earnings

admin No Comments

Cashbuild has recorded a 6% decrease in headline earnings for the year ended June in the face of the tough economic environment. Cashbuild is southern Africa’s largest retailer of building materials and associated products with 242 stores in South Africa, Namibia, Lesotho, Botswana, Swaziland, Malawi and Zambia. The group increased its revenue by 12% whilst
Source: The New Age

Recent Comments

    Categories