logo
Her son got her a spa day, but she just got a refund headache

Her son got her a spa day, but she just got a refund headache

News24a day ago

Julia was gifted a spa voucher from discount platform Hyperli, but after the Roodepoort spa refused to accept it, she was forced into a taxing process to get her refund, turning to Wendy Knowler for help.
Cape Town-based online lifestyle platform Hyperli has been selling discounted vouchers for restaurants, spas, adventure activities and travel since 2016.
It was from Hyperli that Julia Mdzikwa's son bought her a one-hour pamper spa session last December as a birthday gift, valid for six months.
When she tried to redeem it at the Roodepoort spa in late May, its staff refused to accept it, saying that Hyperli was not reimbursing them for treatments.
'I was told to seek a refund from Hyperli,' she told me. 'So, I did, but I got no response to the emails I sent.
'I am caught between two parties, which is unfair.'
When I took up the case with Hyperli a few weeks later, I was told: 'The [spa] has not indicated that they are refusing to honour Hyperli vouchers. In fact, we can confirm that voucher redemptions are ongoing, which suggests services are still being provided as expected.
'All payments are currently up to date.
'That said, we will follow up directly with the partner to ensure there are no underlying issues.'
Hyperli said the company had asked Mdzikwa to request a refund on her profile but had not had a response.
'The refund would have been processed by now had it been submitted correctly.'
It has since been done.
'We can assure you that customer queries are not ignored. We're aware that some customers may experience delays in response times during high-volume periods, but we do our best to resolve all queries as soon as possible,' Hyperli added.
A manager at the spa in question confirmed that there had been a recent patch of non-payment by Hyperli, resulting in the spa's refusal to accept their vouchers, but this had all been resolved.
*Section 63 of the Consumer Protection Act requires that pre-paid vouchers must be redeemable for up to three years. But with these 'daily deals'-type vouchers, the National Consumer Commission approves a compromise approach. Such vouchers may have relatively short validity periods – three or six months – but if not used in that time, the platform must credit the customer the full value of the voucher, valid for use on another offer for three years from date of purchase. Always check a site's voucher redemption policy before transacting.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Is This Stock the Best Way to Play Chinese AI?
Is This Stock the Best Way to Play Chinese AI?

Yahoo

timean hour ago

  • Yahoo

Is This Stock the Best Way to Play Chinese AI?

While restricted from the latest and greatest chips for now, over half the world's AI researchers are in China. As such, growth investors should try to have some China-related AI exposure in their portfolios. Here's how a South African stock may offer the best way to play Chinese AI. 10 stocks we like better than Naspers › Would you believe that the best way to play China's AI ambitions may be a South African stock? Artificial intelligence has the potential to change the economy. As such, investors should have exposure to some AI companies in their portfolios -- and that includes Chinese exposure. Even Nvidia CEO Jensen Huang recently noted that China is home to half of the world's AI researchers. And the January unveiling of the groundbreaking DeepSeek R1 model showed how China is able to innovate cutting-edge AI, even with limited silicon access. Nevertheless, investing in China carries risks pertaining to its economy, its government, and the market mechanics of owning Chinese stocks. That's why the best way to expose oneself to Chinese AI may be South African holding company Naspers (OTC: NPSNY). It's still very early in the AI races, and in truth, it's hard to know who is going to win out. It could be an upstart AI lab such as DeepSeek in China or OpenAI in the U.S., or one of the existing big tech giants. In this investor's opinion, the existing incumbents are the best bet. These companies have huge technological and financial resources to invest in AI, and AI should also enable existing large businesses to boost revenue and lower costs through better automation and data science. That's why Tencent (OTC: TCEHY) seems like good bet to be a big winner from Chinese AI. Tencent has the largest social media platform in China in WeChat, with more than 1.4 billion users. It's also the largest video game publisher in the China, the largest video and music streaming company, one of the two large digital payments companies, and one of China's cloud computing giants. In addition, Tencent is building its own large model, called Hunyuan, which could lead to vast new AI opportunities if it ends being more performant than DeepSeek and other competitors over time. Tencent stock doesn't trade on U.S. stock exchanges, but it does trade over the counter as an American depositary receipt. However, a better way to play Tencent may be through its largest shareholder, European-domiciled Prosus (OTC: PROSY), which owns more than 23% of Tencent's stock. And the best way to invest in Prosus may be in its largest shareholder, Naspers, which owns 43% of Prosus. Naspers is a 110-year-old South African media company that was fortunate enough to invest in Tencent when it was just a startup in 2001. That investment eventually grew to be worth hundreds of billions, dwarfing Naspers' original business. Naspers then sold portions of its Tencent stake over time, investing in new businesses across food delivery, fintech, classifieds, e-commerce, ed-tech, and other tech startups. However, Naspers began to trade at a huge discount to the value of not only its net assets but also its Tencent stake alone. Management attributed that growing discount to its large size relative to the Johannesburg Stock Exchange. The thinking was that large index funds cap their asset weightings, which meant they had to sell Naspers stock once it reached a certain-sized allocation. In 2019, Naspers created Prosus, a new entity it listed on the larger Euronext Exchange in Amsterdam, and spun it off to shareholders. Today, Naspers owns about 43% of Prosus, which owns all of Naspers' assets outside of South Africa, while Naspers owns some small additional South African assets on its own. The plan didn't really work, though, as, Prosus still trades at a 30% discount its total net assets and even a 9% discount to the value of its Tencent stake alone. Meanwhile, Naspers trades at an even bigger 36% discount to the value of its assets, which is mainly just its 43% stake in Prosus. Owning Tencent at a discount is an attractive proposition, but of course it won't make much of a difference if the valuation gap never closes. That being said, a new development at Prosus could change this dynamic. Before this year, Prosus' businesses were free cash flow negative, so the company was dependent on Tencent stock sales and Tencent's dividend for cash for funding. However, in fiscal 2025, which ended in March, Prosus' non-Tencent businesses turned free cash flow positive for the first time, excluding Tencent's dividend, generating $36 million in positive free cash flow and improving free cash flow by nearly $1 billion over the past three years. Prosus also has a new CEO in Fabricio Bloisi, who took over the job exactly one year ago. Bloisi is an entrepreneur and the very successful former CEO of iFood, now the largest food delivery company in Brazil, which Prosus fully acquired back in 2022. Having a proven startup operator is a contrast with Prosus' prior leadership, and recent results appear to show Bloisi is raising the bar on execution. Before today, if Prosus wanted to buy a company or repurchase its stock at a big discount, it would have to sell part of its Tencent stake. That probably played into the "conglomerate discount," as investors may not have liked the capital allocation of selling a high-quality business in Tencent to buy more risky and unprofitable startups. However, if the other operating businesses continue to grow positive free cash flow outside Tencent, that could change sentiment. Prosus wouldn't have to sell as much or any Tencent stock and could benefit from future compound earnings growth. If a Prosus/Naspers valuation rerating occurs, that could make Prosus and/or Naspers the most attractive way to play Tencent -- and with it, the growth of Chinese AI. Before you buy stock in Naspers, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Naspers wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Billy Duberstein and/or his clients have positions in Naspers and Prosus. The Motley Fool has positions in and recommends Nvidia and Tencent. The Motley Fool has a disclosure policy. Is This Stock the Best Way to Play Chinese AI? was originally published by The Motley Fool

SA faces municipal electricity hikes 4 times above inflation: How to fight back with solar
SA faces municipal electricity hikes 4 times above inflation: How to fight back with solar

News24

timean hour ago

  • News24

SA faces municipal electricity hikes 4 times above inflation: How to fight back with solar

South African households are bracing for yet another financial blow as municipalities are set to roll out electricity tariff hikes of up to 14% from 1 July 2025, an increase that is roughly 4 to 5 times more than the current inflation rate of 2.8%. Earlier this year, the National Energy Regulator of South Africa (NERSA) approved an 11.32% increase in the wholesale electricity price that Eskom charges municipalities for more than 130 municipalities. Major metros, including Johannesburg, Cape Town, and Ekurhuleni, will implement increases exceeding 12%, continuing the decade-long trend of electricity costs outpacing inflation. Despite many municipalities requesting higher retail increases, NERSA capped tariffs in most cases, citing the need to address several critical issues. These issues include poor financial controls, high energy losses, and inefficiencies in municipal operations that have been plaguing local authorities and contributing to the ongoing challenges within South Africa's electricity distribution network. Finding savings through solar energy Marc du Plessis, Executive Head of LookSee, Standard Bank's home efficiency platform, says that the increase will have serious financial implications for households and that to manage them, households need to start looking at emerging solar offerings as more of a cost-saving investment rather than a loadshedding backup. 'There are some expenses that aren't in your control, like how much Pikitup charges you or how much your municipal rates are. But you can change your energy consumption habits and look at producing your own energy. Electricity costs are one of the few elements on your municipal bill that you can actually do something about,' said Du Plessis. Now, wrapping your head around finding the best solar system for your needs might be daunting, but LookSee is here to help you every step of the way in your journey to saving money and beating the electricity hikes. LookSee offers homeowners cost-saving, energy-efficient solutions, including solar-powered water heating technologies, alongside tools to reduce utility bills. These services are available to all households, regardless of who they bank with. 'What we're trying to do is educate and help homes understand how to maximise their savings through solar. You don't have to spend huge amounts of money; there are ways of getting into the renewable energy space, there are ways to make changes,' he said. LookSee recently launched its Smart Saving Journey that gives you a clear view of your home's electricity use, highlights ways to cut costs, and helps you run a more efficient home in just a few clicks. How the Smart Saving Journey works Step 1: Share your home information The journey begins with you providing basic information about your home. You'll answer simple questions about your property's floor area, your typical electricity consumption patterns, and your current monthly bills. If you already have any solar installations, you'll mention these details too. This information helps the system create a personalised analysis specific to your household's unique energy situation. Step 2: Receive your personalised energy dashboard Once you've provided your information, LookSee generates a comprehensive dashboard that gives you a clear picture of your home's energy profile. This includes your Home Efficiency Score (rated from A to E), which shows how efficiently your home uses electricity compared to similar sized properties in your area. You'll also receive a Solar Score that indicates how suitable your home is for solar power generation based on factors like sunlight exposure. The dashboard highlights specific savings insights, pointing out areas where you could potentially reduce your electricity costs. Step 3: Explore your savings opportunities After reviewing your potential monthly savings on your dashboard, you can request a call from LookSee's Energy Advisors for assistance with your savings journey or explore its Knowledge Hub for a variety of expert articles aimed at helping you save money and manage and improve your home efficiently. Step 5: Connect with experts If you're ready to target significant savings on your electricity bill, then requesting a callback is definitely the way to go. Using sophisticated calculators that analyse your family's current electricity usage, LookSee's energy experts are not only able to identify the best solutions for your needs, but can also provide reliable insights into your expected savings from month one all the way up to 10 years. 'We have done a very deep analysis on what an average home looks like from a consumption perspective. What we do is look at the home electricity consumption in three parts: water heating costs, daytime load - so, what is happening during the day in your house, and nighttime load. If you understand those three mechanisms to start with, we can start to help with decisions based on the highest impact on savings to the lowest possible investment,' Du Plessis explained.

Ex-Transnet bosses Molefe, Gama and Singh granted R50k bail over fraud, corruption charges
Ex-Transnet bosses Molefe, Gama and Singh granted R50k bail over fraud, corruption charges

News24

time2 hours ago

  • News24

Ex-Transnet bosses Molefe, Gama and Singh granted R50k bail over fraud, corruption charges

Former Transnet bosses Brian Molefe, Anoj Singh and Siyabonga Gama have been granted bail by the Palm Ridge Magistrate's Court. Molefe and Gama, both former Transnet CEOs, were arrested alongside former Transnet CFO Anoj Singh and the parastatal's former engineering chief executive Thamsanqa Jiyane on Monday, after they surrendered themselves to police in Brackendowns, south of Johannesburg. Their bail was set at R50 000 each. The State did not oppose their bail applications. The four accused have been charged with fraud, corruption, and contravention of the Public Finance Management Act and the Companies Act. According to the NPA's Investigative Directorate Against Corruption (IDAC), the matter is related to Transnet's acquisition of the 1 064 locomotives dating back to 2014, which were supposedly needed to meet a rail-freight revival.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store