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The South African
a day ago
- Sport
- The South African
Kaizer Chiefs announced a new left-back [video]
Kaizer Chiefs have officially announced the signing of left-back Nkanyiso Shinga on Tuesday morning. It was reported on Monday that Amakhosi spent close to 200,000 Euros (R4.2 million) to bring the 25-year-old player to Naturena. This is the second signing the club has made since the conclusion of the 2024/25 season. Another player signed by the club is Ethan Chislett. Kaizer Chiefs are yet to announce the midfielder, but it is believed he arrived last week. Read the full version of the ' Kaizer Chiefs latest news: Two players in, Five out' article. On Tuesday, Amakhosi took to X (Twitter) to announce Shinga's signing. 'Player Announcements! We are pleased to announce the signing of 25-year-old Nkanyiso Shinga. The talented left-back is a versatile operator who can also play in midfield and attack. He will don jersey #74. Welcome to the Family!' the club said. Looking for quick updates? Watch News in a Minute videos on The South African's YouTube page for all the key stories you need to know! Catch all the latest videos on news, lifestyle, travel, sports and more – there's always something to watch! Follow us on Facebook, Instagram, and BlueSky to stay connected and get your news on the go!
The South African
a day ago
- Sport
- The South African
Kaizer Chiefs latest news: Two players in, Five out
Kaizer Chiefs have officially announced the signing of left-back Nkanyiso Shinga on Tuesday morning. It was reported on Monday that Amakhosi spent close to 200,000 Euros (R4.2 million) to bring the 25-year-old player to Naturena. This is the second signing the club has made since the conclusion of the 2024/25 season. Another player signed by the club is Ethan Chislett. Kaizer Chiefs are yet to announce the midfielder, but it is believed he arrived last week. On Tuesday, Amakhosi took to X (Twitter) to announce Shinga's signing. 'Player Announcements! We are pleased to announce the signing of 25-year-old Nkanyiso Shinga. The talented left-back is a versatile operator who can also play in midfield and attack. He will don jersey #74. Welcome to the Family!' the club said. In previous weeks, Amakhosi parted ways with Mduduzi Mdantsane, Edmilson Dove, Ranga Chivaviro, Sabelo Radebe and Njabulo Blom. Another player likely to leave is Bongani Sam. The former Orlando Pirates defender joined the Glamour Boys last season but failed to play a single game for Nasreddine Nabi's team. Kaizer Chiefs will leave for the Netherlands next week for their pre-season training. The club's marketing director, Jessica Motaung, promised fans that new players would be announced during the tour. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Citizen
24-06-2025
- Business
- The Citizen
Do you have a business in ICT and financial services sector? Here is a competition worth R4.2 million
Through the competition, 14 businesses will be awarded R300 000 each towards their business needs. Panelists at the Old Mutual SMEgo Pitchathon competition. From left to right: Pali Lehohla – former statistician general , Thabang Mkhuma – Technical Advisor 4IR, MICT, Nobesuthu Ndlovu – Director SME, Old Mutual Corporate, Lincoln Mali – CEO Lesaka Technology, Talifhani Banks – CEO Analytics X and Spaza Eats. Picture: Supplied If you have a business in the Information and Communications Technology (ICT) and financial services sectors, Old Mutual is offering a competition in which you could walk away with a share of R4.2 million prize money. The financial services group launched its second edition of the SMEGo Pitchathon on Tuesday in Johannesburg for businesses in the two sectors. This is Old Mutual's initiative to support small and medium-sized enterprises (SMEs) in South Africa, as the sector plays a significant role in providing employment opportunities. There is a high rate of small businesses failing in the first five years, with the common denominator being a lack of funding. What does the competition require? Nobesuthu Ndlovu, director of SME at Old Mutual Corporate, said they are looking for businesses that already have a track record, which includes the number of employees, the business's turnover, and other key factors. Another key focus area for entrepreneurs to highlight when entering the business is the solution their business aims to achieve. Through the competition, 14 businesses will be awarded R300 000 each towards their business needs. ALSO READ: Challenges and opportunities for SMEs in 2025 What has the competition achieved? For 2024, 10 businesses were awarded R300 000 each. Lindiwe Shibambo, founder of Maid4U, and Lebogang Maloisane, founder of Softmeetz, used their share prize from 2024 to pay for operational costs, keeping their businesses afloat. During the launch, a panel discussion around 'Addressing crucial issues in financing black – owned businesses in the ICT and Financial Service sectors in South Africa' was held. It featured entrepreneurs who have walked the journey of struggling with funding. Ndlovu highlighted that there is a disconnect between SMEs and lenders because some of these businesses lack a sufficient track record to secure funding. Therefore, they are seeking solutions to address the 5% approval rate that SMEs face in securing funding. Competition helps with employment She said she started her business while still a full-time employee because she wanted to help combat the high rate of unemployment. She has a business in fashion, and raised the question 'if one business can employ 150 people, imagine how many people 10 businesses will employ?' 'The Old Mutual SMEgo Pitchathon is more than just a competition – it is about creating an ecosystem where great ideas can grow into scalable, sustainable businesses.' SME support Pali Lehohla, the former statistician-general, added that the number of black businesses receiving funding is concerning. 'Government funding vehicles do not feature; banks are at 5% since 2001. SMEs are being funded by family and friends. This is the source of funding for businesses.' He said that during the Covid-19 pandemic, R200 billion was made available for businesses, but only a small portion of that money was distributed. 'Even in times of crisis, there is no urgency to address a critical growth vehicle for SMEs. Following the Covid-19 pandemic, there has been no reflection on how we can improve this process. It also speaks to the fact that we are not a learning nation' ALSO READ: Entrepreneurship a solution to youth unemployment – but there are challenges Innovation is key Thabang Mkhuma, Technical Advisor at the MICT SETA, emphasised that innovation is at the heart of economic growth. He said he has noted how many people are worried that the fourth Industrial Revolution will take their jobs, but that is not true, as tech is here to enhance, not replace. 'The only way the fourth Industrial Revolution will take your job is if you do not upskill yourself,' he added. Innovating creates entrepreneurs. 'We have adopted the triple helix model of innovation that involves academia, government and the industry to collaborate to foster innovation' Benefits of tech Talifhani Banks, CEO of Analytics X, spoke about the introduction of cell phones and how they have contributed to society for the better. Stating that any technological innovation will be for the betterment of society. The panellists were asked if tech is the answer. To which they replied yes. They emphasised that entrepreneurs can explore how technology can be utilised to enhance education and increase employment opportunities. How to enter Applications for the Pitchathon open on June 24 and close on August 15, 2025. The Live Pitch events will be held on 17 September in Johannesburg and 19 September in Cape Town. Pre-qualifying criteria include 51% black ownership, an annual turnover of R500 000, and a minimum of six months trading history. To enter, visit NOW READ: Mid-year financial check for SMEs: Tips to prepare for the next six months
The Citizen
10-06-2025
- Business
- The Citizen
Spar South Africa CEO resigns amid financial challenges to lead McDonald's
Spar South Africa CEO Max Oliva will assume his role as McDonald's South Africa CEO on 1 July 2025. Spar South Africa CEO Max Oliva has resigned from the group, just days after the retailer announced a decline in profits and a R4 billion loss. The retailer said Oliva resigned after 30 years at Spar on Tuesday. 'It has been an honour to serve Spar for the past three decades. While this was not an easy decision, I am confident that the business is in capable hands. Angelo has my full support, and I am excited to see how the team continues to build on the momentum we've created,' he said. Spar SA's next CEO The retailer said Spar Group chief executive officer, Angelo Swartz, will replace Oliva. 'To ensure continuity and maintain the strong momentum Spar South Africa is currently experiencing, Swartz will assume operational leadership of the Southern Africa region.' He has been with Spar for 16 years and was appointed Group CEO in 2023. Before Spar he was at Woolworths. 'I have had the privilege of working closely with Oliva for many years and have immense respect for his leadership and the legacy he leaves. 'Thanks to the strong foundation he has laid, I approach this next phase with confidence that, together with our talented team, we will continue to push forward and deliver on our growth ambitions for Southern Africa,' said Swartz. ALSO READ: Is Spar in trouble? Retailer closes stores as sales decrease Spar SA CEO leaves to lead McDonald's Spar wished Olivia well as the CEO of McDonald's South Africa. He will assume his role on 1 July 2025. The retailer said Oliva's time at Spar helped the Group navigate some of the most challenging periods, including the Covid-19 pandemic, the implementation of SAP, and the broader adoption of new technologies across the business. McDonald's said the appointment comes at a time when the fast-food chain is evolving in a rapidly changing consumer landscape. 'He was selected following a rigorous executive search process aimed at identifying a leader with the vision, discipline, and commercial acumen to guide the business into its next phase of transformation.' R4 billion hit Spar's financial results for the 26 weeks ended 28 March 2025, released last week, showed that it has taken a hit of more than R4 billion after exiting its operations with Spar Switzerland and the Appleby Westward Group (AWG). 'These businesses recorded aggregate post-tax losses of R4.4 billion, including impairments of R4.2 billion.' However, the loss was anticipated as the exit of the operations is part of Spar's strategy aimed at strengthening its balance sheet and recovering margins. ALSO READ: McDonald's SA CEO steps down Profits nosedive The financial results also revealed its operating profits nosedived by 5.7% to R1.35 billion, compared to R1.43 billion during the same period in 2024. Spar has also concluded the disposal of Spar Poland in January 2025. Which was one of the five key focus areas for Spar. The second key focus area that has been achieved is the completion of the Group's debt restructuring in March 2025 and May 2025. It's not all bad; the Group's revenue from continuing operations remained steady at R66.1 billion, while gross profit increased to R7.1 billion. In Southern Africa, wholesale turnover increased by 1.7%. Combined grocery and liquor wholesale revenue rose by 1.1%, while retail revenue increased by 1.9%. NOW READ: Pick n Pay CEO receives the highest salary in retail. Here's how much others get
The South African
09-06-2025
- Sport
- The South African
Orlando Pirates rocked by R84 million snag in dream hire
Orlando Pirates are set to make a huge decision regarding who their next head coach will be. The Buccaneers said goodbye to Jose Riveiro at the end of last season. The Spanish tactician enjoyed an incredible three-year spell at the club in which he won five major trophies. Now, the club are going to begin a new chapter next season under an all-new head coach. READ MORE • Orlando Pirates take stunning Monnapule Saleng decision! READ MORE • Mamelodi Sundowns to dismiss two new signings already! A number of top coaches have been linked with the Buccaneers in recent weeks. The list is headlined by the likes of Pitso Mosimane, Rulani Mokwena and Benni McCarthy. One name who was at the top of the club's list however was German tactician Marco Rose. The former RB Leipzig, Borussia Dortmund, Borussia Mönchengladbach and Red Bull Salzburg coach was tipped to replace Jose Riveiro. New reports however suggest the high-profile coach won't be coming to Orlando Pirates due to his salary demands! 'Bringing Marco Rose to the PSL would require a significant financial commitment, and at this stage, it appears unlikely. All indications are also that he will continue his coaching career in Europe,' an insider told Soccer Laduma . Rose was earning approximately R4.2 million per month in his previous job at RB Leipzig. READ MORE • Orlando Pirates beat Kaizer Chiefs to star PSL signing! Let us know by clicking on the comment tab below this article or by emailing info@ or sending a WhatsApp to 060 011 021 1. You can also follow @ TheSAnews on X and The South African on Facebook for the latest news.
