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26
JAN

Email overwhelming you? Here’s how to strike back

Despite the advent of new tools like Slack, email remains the communication mode of choice for most of us in the office. While email is a useful tool, it can quickly become overwhelming – we can spend hours trying to get through all of our messages and important information can slip through the cracks. The team at Works For Me, a popular Bloomberg podcast on office life, has felt the pain of the email crunch and turned to Inbox Zero to solve it. Take a listen to find out how they found their own inbox zen.
26
JAN

Eskom will be slow to fix - CEO warns; SAA salaries; coronavirus in Africa

In today's business news headliens:
* De Ruyter may take longer to consider the potential effects of the unbundling, including tax implications and the company’s relationship with financiers, the Johannesburg-based Rapport newspaper cited him as saying.
* The deadly coronavirus has arrived in Africa and is spreading fast in China and elsewhere. The new virus that originated in China threatens to depress retail sales in the world's second-largest economy and tourism in Asia.
* South African Airways has saved enough cash to pay January salaries, specialists appointed to try to turn around the struggling airline said on Friday.
* Billionaire Patrice Motsepe told President Donald Trump in Davos that Africa loves the US president. Not everybody in his home country shares that sentiment, reports Bloomberg.
* The International Monetary Fund estimates that growth in developing countries fell to 3.7% last year, the slowest pace since 2009 and well below the IMF’s July 2019 forecast of 4.1%, says Bloomberg.
24
JAN

International companies ready to partner with SA in renewable energy space - Dames

The power blackouts in South Africa have severely hampered businesses and especially mines over the past months. Eskom has been declared  by many business leaders as a national energy crisis and many are now looking towards generating their own power. Also geared to take advantage of this, are the companies who want to speed up the use of renewable sources like wind and solar energy to fill the gap left by Eskom. While the Government has committed itself to have renewable energy in its mix of resources, Energy Minister Gwede Mantashe is accused of stalling the process as he is said to be protecting the jobs of coal miners. One of the companies that are ready to offer solutions to the Eskom crisis, is African Rainbow Energy and Power, the company started by Patric Motsepe. Motsepe has been in the firing line back home after he told President Donald Trump in Davos "that Africa loves America. Africa loves you" with many South Africans disagreeing on Twitter. Speaking to Biznews at Davos, the Chief Executive Officer of African Rainbow Energy and Power Brian Dames said he believed the electricity grid in South Africa should be expanded. - Linda van Tilburg
24
JAN

'Economic damage is greater than first thought' - Nedbank CEO Mike Brown

Finance Minister Tito Mboweni responded this morning to criticism from the business sector attending the World Economic Forum meeting in Davos Switzerland about the pace of structural reform of the economy saying that a process like this does take time. Mboweni also questioned whether the "business confidence forms" were actually being filled in by the Chief Executive Officers of the companies or by their staff. Responding to this Nedbank CEO Mike Brown said there are good starting points but what business wants to see is delivery, such as Mboweni's strategic plan from Eskom, which will give more certainty. - Linda van Tilburg
24
JAN

Meet the young maths whiz from Jozi helping shape the future #WEF20

The youth and how they believe the present generation is messing up their future has dominated the past year and at the 2020 World Economic Forum in Davos Switzerland they were again given ample opportunity to tell delegates what they wanted for the future. Spearheading this movement is Greta Thunberg, a teenager from Sweden who has received a fair amount of flack for standing up for what she believes in. President Donald Trump's treasury secretary has followed his leader in taking a swipe at Thunberg suggesting the climate activist should study economics at university before she offers advice on how to tackle global warming. Somebody who has studied maths at university in South Africa is clearly able to offer his input on how teenage unemployment in our country should be tackled. Sai Govender, from Johannesburg, has been chosen by the WEF as a Global Shaper. He spoke to Biznews about his experience at Davos. - Linda van Tilburg
24
JAN

Naledi Pandor on why Eskom split, visas top of foreign investor agenda #WEF20

Finance Minister Tito Mboweni accompanied by other cabinet members, Naledi Pandor and Ebrahim Patel came to the World Economic Forum to ensure investors that they are on track to bring about the reforms needed to increase growth in the South African economy. The message they received was loud and clear from both local and overseas investors; the process needed to be speeded up and Eskom, called an energy crisis, is in emergency care. Mboweni said that South Africa had to change the way it does business. In an interview with Biznews, the Minister of International Relations and Cooperation, Naledi Pandor said more changes to visas was high on the list of foreign investors. Pandor also said in her discussions with foreign representatives she emphasised the importance of a resolution for the US-China trade war that was having a detrimental impact on the whole world. - Linda van Tilburg
23
JAN

SAA, Eskom beg for cash; Africa's 'richest' money scandal; SA ready for virus?

In today's business news headlines:
* State entities SAA and Eskom are in the grip of a serious cash crunch. SAA has cancelled dozens of flights with more to come; Eskom can't keep the lights on;
* Isabel dos Santos, Africa's richest woman, is accused of corruption of the industrial scale executed by the Gupta family - and they all have political connections in Africa and are all protected by Dubai;
* As a deadly virus creates a health crisis in China, leading to at least five cities going into lock-down, markets have reacted to the negative impact on the world's second largest economy. Plus: what the SA authorities are doing to prevent the spread of this virus.
23
JAN

Standard Bank chief Sim Tshabalala on #WEF20, digitisation and contemplated traditions

The big tech giants have stolen the lunch of many businesses. The rise of Amazon has closed many a small businesses and has in places like the United Kingdom led to high streets, the former kingdom of businesses, turning into rows of "To let" signs. In the world of banking, the question could very well be asked, is everyone a bank? One of the predictions of Bloomberg for 2020 is that Facebook, Google and Apple could step up fintech ambitions. This is something that the Group CEO of Standard Bank, Sim Tshabalala is well aware of. He spoke to Biznews at the World Economic Forum in Davos about the competition that is looming with digitisation and how he as a self-confessed "left-brainer" has noticed that there appears to be a return to "contemplative traditions". - Linda van Tilburg
23
JAN

Richard Wainwright on #WEF20, stakeholder capitalism and easy 'energy crisis' wins

Investors, both local and international are not holding back on their criticism of what they perceive to be the slow implementation of structural reforms to the economy. The Head of Investec bank South Africa, Richard Wainwright told Biznews at the WEF 2020 summit in Davos that there is no denial that South Africa is dealing with an energy crisis that is impacting all sectors of the economy, but he believes there are immediate steps that can be taken to start addressing it. Referring to stakeholder capitalism, which is the theme of Davos this year Wainwright said he believed that South African corporates have always been aware of stakeholders unlike their American counterparts. - Linda van Tilburg
23
JAN

Government hasn't put enough points on the scoreboard - OM's Khaya Gobodo

After a turbulent period in which Old Mutual shares fell sharply because of its protracted battle with Peter Moyo; the insurer managed to get a favourable outcome from courts this month when it was granted permission to sever ties with its former chief executive officer. Old Mutual sacked Moyo citing a material breakdown in trust and confidence and barred him from its offices. There was also an embarrassing incident when an unhappy Kwazulu-Natal family brought a body of a loved one in a bag to an Old Mutual branch to settle a funeral policy. Old Mutual's Managing Director for Wealth and Investments, Khaya Gobodo told Biznews at Davos in Switzerland that the company was now able to look forward. Referring to the government's investment drive at Davos, Gobodo says the rate of change is too slow. Policy articulation is better under Ramaphosa... but the government is far behind in execution." - Linda van Tilburg
23
JAN

Anglo American 'engaging' with Govt to launch pilot schemes to generate its own energy - Nolitha Fakude

In December South African miners were hit by the country’s biggest blackouts as Eskom implemented 'stage 6' blackouts for the first time. It forced some of the producers, including Sibanye-Stilwater and Petra Diamonds to close their underground mines, and prompted the mining industry to ask Mineral Resource Minister, Gwede Mantashe to allow them to build their own power plants. They estimate that they can generate 800MW of conventional power and 800MW of solar power. Speaking to Biznews in Davos at the World Economic Forum, Nolitha Fakude, the Chair of the Managing Board and Group Director of Anglo American in South Africa, said the mining group was currently engaged with Eskom and the Government, talking about the self-generation of power and looking at pilot schemes. - Linda van Tilburg
23
JAN

ABSA's Peter Matlare on #WEF20, blockchain, challenger banks and the Davos 'watering hole'

Big banks in South Africa are in a fierce battle to claim the top spot of the biggest and best bank in the country. And now there are several new digital banks that have popped up who want to challenge the hegemony of the big banks. This year there were retrenchments at Nedbank, which can be attributed to an onslaught from smaller, nimbler banks such as Bank Zero, Tyme Bank and Discovery Bank. And now South African regulators approved a bank operating licence for Goldman Sachs, which seeks further expansion in the South African economy. Deputy Group CEO of Absa, Peter Matlare told Biznews that all banks are in transition. - Linda van Tilburg

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