These multibillion-dollar online platforms have already been a disruptive force in many economic segments, and analysts say the public listings may be a watershed moment, likely to fuel even more changes.
Lyft, the large US ride-hailing service and Uber rival, became the first to announce its initial public offering , seeking to expand a firm valued privately at more than $15-billion. Spending for “on demand” on services such as Uber and Airbnb and other digital platforms rose 58% in 2017 to $75.7-billion in the US, with more than 41-million consumers participating, according to a survey by Rockbridge Associates.“I don’t see these firms as the next Amazon or Apple, because they are carving out narrow marketplaces and will start experiencing competition from traditional providers, some of which are quite savvy,” he said.
Tech research firm RethinkX predicts that the number of cars in the United States will drop by more than 80% by 2020 and 95% of travel will be using on-demand autonomous electric vehicles. Benjaafar noted that Uber and Lyft have piled up huge losses while Airbnb has been profitable, they revolve around the same concept.
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SABC reviewing freelance contracts - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The SABC says it's in the process of reviewing the freelance contracts of on-air talent which will expire next month. Good decision SABC, appreciated
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SABC launches 2019 Elections Website - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The SABC has launched the 2019 Elections Website. Click here:
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World Zero Discrimination Day observed - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Thurday is World Zero Discrimination Day. On this day, the United Nations (UN) urges countries and governments to change laws that are discriminatory. NOT IN THIS COUNTRY. With AFFIRMATIVE ACTION & BLACK ECONOMIC EMPOWERMENT leading to BLACK ELITE ENRICHMENT & AGGRESSIVELY ANTI-non-blacks we have RACIAL DISCRIMINATION in our COUNTRY. APARTHEID is now BLACKANISATION. SONA said we r NON-RACIAL? RUBBISH!!! we r STILL MULTI-RACIAL.
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Ramaphosa condemns fake religious leaders - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.African National Congress (ANC) president, Cyril Ramaphosa, has joined the nation in condemning what he calls bogus religious leaders who are not only taking advantage of gullible people but bringing religion into disrepute.
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Church refutes 'resurrecting' man - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Alleluia International Ministries has released a statement refuting allegations that its pastor, Alph Lukau, claimed to have 'resurrected' a man at his funeral service.
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Mokgoro Enquiry concludes hearings - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Mokgoro Enquiry, which began six weeks ago, has concluded its hearings in Pretoria. 'Before you put a hammer down my check what I have in my mind 'Lucky Dube Money Money
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Nigeria's Buhari wins re-election - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Muhammadu Buhari was on Wednesday re-elected Nigeria's president, after a delayed poll that angered voters and raised political temperatures, leading to claims of rigging and collusion Nigerian democracy is a SHAM! Voter intimidation, fraud, you name it. The West won’t say anything as long as oil profits keep flowing. What a bowl of diarrhea! 🤢🤮 If the West had evidence of this happening in Venezuela they’d send in the troops! The western countries are self serving but Africans need to catch a wake up, doonand very fast Democracy should be respected, the Nigerians have spoken
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WATCH: PIC Hearings - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Public Investment Corporation (PIC) has been given until the 13th of March to recover the capital investment of R4.3 billion made to Ayo Technology Solutions.
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Mchunu in a stable condition - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A short while ago, African National Congress (ANC) provincial secretary Mdumiseni Ntuli told the media that Mchunu was in a stable condition.
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Masutha questioned about Bosasa contracts - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Justice and Correctional Services Minister Michael Masutha has faced a barrage of questions from Members of Parliament on his department's contracts with African Global Operations, formerly known as Bosasa.
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