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Star 2021-09-13

Unchallenged as South Africa’s most influential daily newspaper, The Star covers the heart of the nation with unequalled reporting of local, national and international news and sport. It is widely considered to be a superb advertising environment.

South Africa
Independent Media Pty Ltd
R 6,99
R 1 099,99
253 Issues

in this issue

3 min
government’s centralising of vaccine procurement muddied the waters

Banele Ginindza banele.ginindza@inl.co.za THE GOVERNMENT’S insistence of the centralising of procurement for the Covid-19 pandemic’s vaccines and PPEs threw a spanner in the works of the Competition Commission’s efforts to regulate as the bureaucracy added multi-pronged dimensions of un- qualified suppliers, doubtful quality supplies and corruption, the commission said on Friday. At a Competitition Commission webinar outlining its work over the past 18 months of the pandemic, commissioners said a progress survey conducted after the first wave revealed how the centralising was not of benefit to the concerted efforts. “Procurement of vaccines could have been done by individual companies or hospitals, but government decided to centralise the processes to keep tabs on how much vaccine stock there was. “There were instances where there were complaints about the quality of PPEs…

2 min
e-commerce retail reboots settings after looting setbacks

Banele Ginindza banele.ginindza@inl.co.za ONLINE shopping in South Africa is on target for becoming the R63 billion- a-year industry by 2025 after taking broadsides from the July looting that saw volumes patter down and suppliers suffer stock losses and logistic bottlenecks. According to Euro Monitor, which did a survey among major retailers offering e-commerce trade, an 18 percent growth trajectory was being achieved a week before the looting, but numbers dwindled sharply thereafter, putting the industry into a tailspin that it is only now recovering from. Stock-keeping-units (SKU) figures for Pick n Pay (PNP), Game Stores, Woolworths, Clicks and Macro depict that the retailers held on by the skin of their teeth, and were now back on the growth path. Pick n Pay tracked 3…

3 min
markets weigh up r12.7bn dp offer for imperial unfairly priced?

EDWARD WEST edward.west@inl.co.za Dubai-based DP World has made an opportunistic, R12.7 billion offer for Imperial Logistics considering the good prospects of the Pan-Africa integrated market access and logistics solutions provider, but analysts disagree whether the valuation is fair. According to PSG Asset Management fund manager Justin Floor, the bid is too low. Floor said in a phone interview on Friday that they owned some 7.5 percent of Imperial’s shares on behalf of investors and planned to vote on the DP offer in the imminent shareholders meeting this Friday, with a longer-term perspective of the company. Another stock exchange analyst, who chose to remain anonymous, however, did not agree with Floor and said the DP World offer was fair considering the downside risks and length of time that was likely…

3 min
rand appreciation continues on back of increased demand from foreigners

BETTER-than-expected economic growth data for South Africa during the second quarter and the appetite for the rand by foreigners saw the currency moving stronger for the second consecutive week. Foreign demand for the rand increased last week as the inflation rates for a lot of other emerging countries is increasing strongly. For instance, in Brazil the inflation rate had increased to 9 percent. In Turkey, the inflation rate had risen sharply to 19.25 percent, and in Russia, to 6.5 percent, well above the target of 4 percent. In South Africa, inflation remains within the targets and the rand now becomes attractive for foreign investors. The stronger economic growth of 1.2 percent during the second quarter, on the back of the 1 percent growth in…

4 min
why social media can become a drag for celebs

Debashine Thangevelo debashine.thangevelo@inl.co.za We live in an era where social media is at the epicentre of everything we do. On the mainstream front, apps like Facebook, Twitter, Instagram, YouTube and TikTok keep techno-savvy users pretty busy. That’s not taking into account the deluge of less-popular platforms as well. Connecting with others locally and around the globe can be positive in that you get to interact with like-minded people, build your network, are privy to breaking news stories, check up on what’s happening in the life of your favourite personality or self-help guru, learn new things and the list goes on. But the benefits are not without drawbacks. There’s trolling, cyber-bullying, doxing, and attention-seeking to contend with, too. Celebrities, influencers and regular folk are all connected in this new way of…

2 min
there was never an assault: harvey weinstein

Disgraced Hollywood mogul and convicted rapist Harvey Weinstein has said that he never assaulted Angelina Jolie after she recently claimed in a new interview she had to “escape” an encounter with the disgraced movie mogul. Weinstein, who is currently serving a 23-year sentence for rape and battery responded in a statement to TMZ via his assistant. He said, “THERE WAS NEVER an assault, and NEVER an attempt to assault.” The statement continued, “It is brazenly untrue and clickbait publicity. You’re Angelina Jolie, every male and female in the world, I’m sure, shows interest in you. Is the whole world assaulting you?” The heated response from Weinstein comes after the actress described her alleged prior experience with him as “beyond a pass” while promoting her upcoming book, Know Your Rights, in…