Sunday Independent 2021-10-31

The Sunday Independent is a weekly English-language newspaper. The Sunday Independent focuses on daily national, local and international national news and analysis. Its leader and opinion page offers a platform for readers to submit their views on topical news.

South Africa
Independent Media Pty Ltd
1,77 €(Inkl. MwSt.)
32,46 €(Inkl. MwSt.)
52 Ausgaben

in dieser ausgabe

3 Min
this is why the facebook name change matters

Wesley Diphoko When Mark Zuckerberg announced the new name for Facebook, he did not just unveil the name Meta but a change of business direction. He said the name Facebook doesn’t fully encompass everything the company does now and is still closely linked to one product. “But over time, I hope we are seen as a metaverse company.” What does that really mean? In simple terms, it means we are moving away from just writing a post about this and that, to living inside the social world. Zuckerberg tried to paint a picture of what that world would feel and look like by saying: “In the metaverse, you’ll be able to do almost anything you can imagine – get together with friends and family, work, learn, play, shop, create…

2 Min
nigeria becomes the first country in africa to launch a digital currency, enaira

Wesley Diphoko Nigeria’s Central Bank launched a digital currency on Monday that is designed to be used alongside its physical currency. The release of eNaira was officially announced via a press release issued by the Central Bank of Nigeria. A central bank digital currency is a type of cryptocurrency that’s controlled by a country’s central bank. More than 100 countries, including the US and China, are exploring the development of a CBDC, according to the IMF. The virtual money, dubbed the eNaira, is backed and issued by the country’s apex bank, the Central Bank of Nigeria (CBN). Like most governments, Nigeria is introducing a virtual currency because it is more cost-efficient than physical cash, helps the unbanked have easier access to money, and can, in some way, limit illicit…

3 Min
five ways to expand your small business and boost your bottom line

Ben Bierman In last week’s column, we spoke about the signs you’ll identify when it’s the right time to expand your business: when there is a noticeable skills gap, when your industry is growing and when you or your team have become complacent. If growth and expansion are part of your long-term strategy as a small and medium-sized enterprise (SME) owner, then knowing when to expand relies on a combination of informed outside opinion, gut instinct, and simply being in the right place at the right time. How to expand, however, is another topic altogether, one we’ll explore in more detail with this list of tips: Implement a customer loyalty programme. Loyalty programmes are a tried-and-tested way to boost your bottom line. Acquiring new customers should be an ongoing…

3 Min
eskom split misses the mark as loadshedding continues unabated

John Tukey advises that, “Far better an approximate answer to the right question, which is often vague, than the exact answer to the wrong question, which can always be made precise”. The relevance of this is that over a year ago, the government broke up Eskom into three components and created for each of these a board. What question was the government providing an answer for? On Wednesday, loadshedding reached unprecedented proportions in an economy that operates far below what should cause pressure on Eskom’s capacity of electricity supply. This prompted the ANC to make a public statement of displeasure that this happens in the week when matrics sit for exams. The party is livid and calls for transparency. But lest we forget, in December 2019, an NEC member of…

3 Min
farmers call for an overhaul of the poultry master plan

Banele Ginindza THE cat has been set amongst the chickens in the poultry industry due to increasing dissent between established players, and proponents of transformation who want a better empowerment stake, bringing into question tenements of the Poultry Master Plan. Proponents of the Master Plan, mainly the South African Poultry Association (SAPA) and advocacy group Fairplay, argue it is the best way to bring at least 50 emerging players into the fold with a target of R1 billion to develop local producers. Kobedi Pilane, co-ordinator of the African Poultry Producer (APP) chapter of the African Farmer Association of South Africa (AFASA) said the stake needed to be higher for emerging producers, with as much as 60 percent interest. He also argued for the opening up of the export…

2 Min
climate change is poverty issue

Vivian Warby The flood disaster in New York City earlier this year was a big wake-up call for the world: we are not ready for the intensity and the increasing number of natural disasters that will be coming at us like a “freight train”. “If one of the richest countries such as America and one of the richest cities in the world such as New York City aren’t ready for the flash flood that hit it, it’s clear the world has to wake up. We need to improve the resilience of our cities urgently. As it is right now, we are not ready,” says distinguished Professor Guy Midgley from the School of Climate Studies at Stellenbosch University. Midgley, who works with ecosystems’ responses to climate changes, says developing countries…