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    Community liaison at khoi.biz
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    Oakdale 7530, Cape Town
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  1. Adevinta eventually prevailed: Adevinta acquires eBay’s Classifieds business unit in $9.2B deal
  2. The National Coronavirus Command Council has lifted the ban on the sale of alcohol and cigarette, said President Cyril Ramaphosa. Source: EWN
  3. South Africa's largest news website, Naspers/Media24 owned News24 recently announced that they will be adopting a paywall on some of their articles with a monthly fee of R75 to read those "locked" articles. This will open an interesting paradigm, News24 is South Africa's largest news website, and while Media24 have already done it on their Afrikaans websites, it remains to be seen how effective it will be on the more popular English News24 website. What do you think, will you pay to read News24? And how do you think this will impact the online business landscape in SA, will more sites adopt it, but more importantly will it help normalise paying for content in SA?
  4. Before you start any business you need to understand it and should at least develop theoretical knowledge about the business and the industry's Supply Value Logistics chain. To tag other members (and notify them of a question or reply) you can either quote what they said or use @ @Mesa Verde @Brakish like on Tweeter.
  5. According to the Pilipino Banna Growers and Exporters Association, banana exports in 2020 are expected to decrease to 162M boxes (USD 1.53B), a 20% decline from 195M boxes in 2019. It also expressed how there is a risk of China seeking alternative sources from Vietnam and Cambodia in the upcoming months. The Philippines is already facing competition with Latin American suppliers in two major markets South Korea and Japan.
  6. A year ago DPO Group acquired popular local payment processes PayFast. DPO Group is now itself to be acquired up by Dubai based Network International for a reported $288 million (R4.9 billion).
  7. SA has lost more in tax revenue since the lockdown began than the loans it got from two multilateral development agencies. SARS Commissioner, Edward Kieswetter, says there was a need to raise R40 billion more in the February budget but that gap has widened significantly because of Covid-19. Tax Relief measures and the ban of tobacco products and alcohol sales have led to an under-recovery of about R47 billion in tax collections. South Africa lost more in tax revenue in the first three-and-half months of its fiscal year than it borrowed from the International Monetary Fund and the African Development Bank (AfDB) combined. In the three months through June, there was an under-recovery of about R47 billion, with excise-duty collections including levies on alcohol, tobacco products and fuel contracting 42% from a year earlier. "The reality is that there was a need in February to raise R40 billion more," said Kieswetter. "Right now, that need is significantly bigger than R40 billion because of the coronavirus." While some restrictions have since been eased, many businesses have closed and the 30.1% unemployment rate is set to worsen, further weighing on tax collections. In a supplementary budget in June, the government cut its revenue projection for this fiscal year by more than R300 billion. South Africa’s top income-tax rate is 45%, corporate tax is 28% and VAT is 15%. It has little room to raise levies with the ratio of tax revenue to GDP at 26%, compared with a global average of 15%, according to World Bank data. Read more at News24
  8. Hi @Dean you not doomed if you are willing to put in the work required, certainly if you can find a way to get or save more to risk that would be beneficial, I know that work is scarce and getting scarcer, but here we say you can start with nothing if you are willing to start right at the bottom, you have already acknowledged that there is lots of work ahead, start here: How to use Smuse. @Mesa Verde @Brakish weigh in please.
  9. One of the agricultural sectors most affected by the pandemic in Australia is the beef industry, for which cattle abattoirs have reduced almost half of the amount of beef being butchered. The tariff increase in China earlier this month to 12% import tariffs, its biggest export market, and the latest spike in COVID-19 infection rates in its second-biggest export market the US, are also posing challenges for Australian beef exporters.
  10. Tridge Seasonal Market Report July 2020: Avocado
  11. COVID-19 is continuing to adversely affect Vietnamese seafood exports. After decreasing by 16% in May, seafood exports in June fell by 10%. Among the products, pangasius (catfish) exports decreased the most at 27%, followed by squid and octopus at 21% and tuna at 16%. Shrimp is the only seafood commodity that experienced an increase in exports of 3%. The EVFTA, effective from August, could act as a boost for seafood exports to the EU.
  12. The export ban on onions in Turkey led to decreasing daily consumption volumes from 5K tons last year to 2K tons this year, causing local wholesale prices to drop to approximately USD 0.73 - 0.88 per kg. Although Turkey is now allowing exports at a limited amount, the ban has given Egyptian suppliers the opportunity to increase their exports to Russia.
  13. Business for South Africa says it expects the national Covid-19 infection rate to peak during August 2020. The business lobby group says South African businesses are likely to face additional job losses of about 1.5 million by the end of the year. The group says it will take a minimum of two years for the South African economy to recover to pre-Covid-19 levels. Business lobby group, Business for South Africa, has urged South Africans and businesses to continue with precautions in work and public life as the economic devastation wrought by the Covid-19 pandemic rages on. In a statement released on Tuesday morning, B4SA said it expected the national Covid-19 infection rate to peak during August 2020, while daily mortalities will peak by late-August or early September. B4SA said South African businesses were already in distress and it now expects about 1.5 million further job losses by the end of the year. "The steep and dramatic surge in new infections indicates that we are now well along the upward trajectory of the infection curve, with South Africa recording the fifth highest number of confirmed Covid-19 cases in the world," the group said Read more at News24
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