Good morning. Here are the stories you need to know today:
- Load shedding records tumble in 2022.
- Nando’s not happy with competitor Pedros poking fun at them in new ads.
- Google will settle location tracking case in a historic privacy settlement.
SA breaks its load shedding record twice in just 9 months – News24
South Africa’s power generation crisis is worse than ever with record-breaking load shedding crippling the country and bringing the economy to a grinding halt. Last year, the country suffered an unprecedented amount of power cuts but this year that record has been broken twice in the space of nine months. Eskom implemented 2,521 gigawatt-hours of load shedding through September last year while this year it has already implemented a staggering 5,761-gigawatt hours. Read more here.
Nando’s can dish it but not take it, implies competitor Pedros in advertising fight – Business Insider
The battle of flame-grilled chicken is heating up after fast-food establishment Pedros used the word “Nan” in two of its advertisements, implying its chicken is better than that produced by rival competitor Nando’s. The Advertising Regulatory Board has found that the use of the word “Nan” does refer to Nando’s even though the ads in question do not explicitly call out Nando’s. In its defence, Pedros have argued that Nando’s often makes controversial ads that make fun of other brands while promoting their flame-grilled chicken. Read more here.
Google to pay $391.5m to 40 US states over ‘crafty’ location-tracking practices – Bloomberg
Tech behemoth Google has agreed to pay hundreds of millions of dollars to settle an investigation into the company’s location tracking practices, in what US authorities are calling the largest such privacy settlement in US history. “Consumers thought they had turned off their location tracking features on Google, but the company continued to secretly record their movements and use that information for advertisers,” said Oregon Attorney-General Ellen Rosenblum in a statement. Read more here.
Here’s what else we’re reading:
SA Business
- Load shedding in South Africa has never been worse – Business Tech
- Load-shedding destroys devices and appliances — Here’s how to protect them – My Broadband
- Airline veteran Gidon Novick resigns from SAA bidder Takatso – Biz News
Global Business
- Musk publicly punishes Twitter engineers who call him out online – Daily Maverick
- Amazon Plans to Cut 10,000 Jobs in Largest-Ever Layoffs for E-Commerce Giant – Bloomberg
- Bezos Makes Charity Pledge as Amazon Is Said to Plan Job Cuts – Bloomberg
Markets