Business articles

Overwhelming Demand For Galaxy S4 Causes Distribution Issues

Overwhelming Demand For Galaxy S4 Causes Distribution Issues

Cape Town – Samsung on Wednesday reported that the new Galaxy S4 is facing inventory issues due to its overwhelming worldwide demand. “Due to overwhelming global demand of Galaxy S 4, the initial supply may be limited. We expect to fulfill inventory to meet demands in the coming weeks,” a company representative said in a

Apple Shares Nosedive

Los Angeles – Apple Chief Executive Tim Cook has announced plans to boost investor confidence in Apple after profits fell by $2.1 billion. Cook plans to devote $60 billion to a share repurchasing programme within Apple. Cook said he expects this programme to boost the Apple dividend. In the first three months of this year

Disney To Release New Star Wars Movie Every Year

Las Vegas – Disney has announced that it will be turning “Star Wars” films into an annual summer ritual starting 2015. Walt Disney Studios chairman Alan Horn made the announcement during a presentation at CinemaCon in Las Vegas on Wednesday. The parade of films will start with “Star Wars: Episode VII,” directed by J.J. Abrams.

R900 Million Loan To Zimbabwe Met With Unease

Pretoria – An announcement by Zimbabwe’s finance minister Tendai Biti yesterday that South Africa had approved a $100 million or around R900 million loan to Zimbabwe to help it prepare for upcoming elections has raised a number of questions among opposition party leaders. The Reserve Bank is expected today to appear in front of the

Petrol Price Expected To Drop In May

Johannesburg – South African motorists could finally have some good news as the Department of Minerals and Energy could implement a retail petrol price cut of about 71c/l in May. The wholesale diesel (0.05% Sulphur) price could also fall by 49c/l. The price-drop would take place provided the daily over-recovery remains near the April 12

SA Ostrich Industry Under Threat

Oudtshoorn – Yesterday’s announcement by the Western Cape Department of Agriculture that ostriches in Oudtshoorn have been subject to an outbreak of bird flu  will mean the industry will suffer some serious consequences. Spokesperson for the Department, Wouter Kriel says that further tests need to be undertaken, precautionary measures have been put in place. In the meantime

Man Accidentally Pays R200 000 To City Of Johannesburg

Johannesburg – They are not known for their financial good management, so imagine trying to get R200 000 back from the City of Johannesburg. This is what Tishor Daya has been trying to do since his slip of the hand on internet banking last year November. “This is very frustrating” he told The Star newspaper

Google Admits To Privacy Violations

San Francisco – Google acknowledged on Tuesday that violations of privacy occurred during its street view mapping project. The internet giant picked up passwords, email and other personal information from computer users that led to a range of complaints and investigations triggered worldwide. In its admission of guilt Google reached a settlement with the parties

SA Needs A Bit More In Reserve – Reserve Bank

Pretoria – The Reserve Bank will continue to build South Africa’s level of reserves as market conditions allow for it, said the Bank’s deputy governor, Daniel Mmminele. “A higher reserves cushion will not only make South Africa more resilient in crisis situations and in the wake of volatile capital flows, but should also help increase