Food-delivery giant Zomato to completely discontinue it’s services in South Africa

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Indian-origin food delivery company’ Zomato’ has completed the process of discontinuing its South African subsidiary from this month.

As stated through a filing with Bombay Stock Exchange (BSE) on Friday, the company has officially declared that its South African subsidiary, Zomato South Africa Proprietary (Pty) Ltd., is going to stop its functioning with effect from January 3, 2022.

The Indian-origin food delivery company has already initiated the process of breakage in November. As per the filing that has been made earlier, Zomato claimed that Zomato SA is not actively having any business operations in work and was not a material subsidiary as well. The food-delivery company further added that putting a stoppage at Zomato South Africa will not affect its revenue or turnover.

Recently, The India-based food delivery company has closed almost all of its international subsidiaries, including those in the United Kingdom and Singapore as well. In August last year, Zomato has closed its US subsidiary and also sold its stake in Nextable Inc. for $100,000.

Meanwhile, the company is shutting down its international subsidiaries due to its “cleaning-up” exercise.

As per reports, Company’s UAE subsidiary is actively working. Its quarterly earnings report added that the company had made revenue of around Rs 31 Crores from UAE and several other international markets.

While on Friday, Zomato’s share rose to 0.41% to Rs 133.40 apiece on the Bombay Stock Exchange (BSE).

Tshepong Victim Empowerment Centre celebrates ORANGE DAY

Tshepong Victim Empowerment Centre commemorates ORANGE DAY every month on the 25th of each month.. As the bright and optimistic colour for the UNITE Campaign, ORANGE represents a future free from violence against women and Girls.

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The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.

Two suspected cable thieves arrested while on their way to Zimbabwe

Jo'burg Metro Police Department JMPD and SAPS officers in the JHB and CBD have arrested two suspects who were in possession of stolen cables in Johannesburg Central Business District.

Several dignitaries wish people Happy Africa Day 2022

The African Union Commission celebrates "Africa Day" on May 25 each year to acknowledge its successes and to promote the progress that Africa has made under a specific theme while reflecting upon the common challenges that the Continent faces in a global environment. 

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