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US seeks break-up of Google's ad-tech products after judge finds illegal monopoly

US seeks break-up of Google's ad-tech products after judge finds illegal monopoly

TimesLIVE06-05-2025

The US department of justice has proposed Alphabet's Google divest its AdX advertising marketplace and ad server DFP, a court filing showed on Monday, after a federal judge found the company illegally dominated two online ad-tech markets.
The judge set a September trial date on Friday after hearing from Google and the justice department on potential remedies for the company's dominance in ad tools used by online publishers.
The justice department said the proposed remedies, including divestitures, are necessary to end Google's monopolies and restore competition in the ad-exchange and publisher ad-server markets.
Google has said the company supported behavioural remedies such as making real-time bids available to competitors, but prosecutors cannot legally pursue a bid to force it to sell parts of its business.
'The department of justice's additional proposals to force a divestiture of our ad-tech tools go well beyond the court's findings, have no basis in law and would harm publishers and advertisers,' Lee-Anne Mulholland, Google's vice president of regulatory affairs, said in a statement to Reuters.
AdX, or Ad Exchange, is a marketplace where publishers can make their unsold ad space available to advertisers for purchase on a real-time basis. Publisher ad servers are platforms used by websites to store and manage their digital ad inventory.
Along with ad exchanges, the technology lets news publishers and other online content providers make money by selling ads.
Last year, Google took a major step to end an EU antitrust investigation with an offer to sell AdX, but European publishers rejected the proposal as insufficient.

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Poor financial literacy about retirement costing SA and consumers millions
Poor financial literacy about retirement costing SA and consumers millions

The Citizen

time10 hours ago

  • The Citizen

Poor financial literacy about retirement costing SA and consumers millions

Although most consumers believe they will save enough for a comfortable retirement by the age of 58, research shows it is closer to 80. South Africans' poor financial literacy is costing the country and consumers millions, especially where preparing for retirement is concerned, with nearly half of the respondents in a recent survey saying they need more financial education. According to the 2025 Sanlam Benchmark Survey, the 44th edition of some of the country's most comprehensive research on the retirement fund industry, respondents called for school-level financial education. If you ever said you learnt nothing useful at school, you are probably right: financial education at school level would have made a huge difference in the lives of many consumers and would have lessened the pressure on South Africa's retirement system. 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Only 23% of employer funds offer critical illness benefits and just two in 10 tailor their annuity strategies for different types of members, highlighting a need for more personalised, fit-for-purpose planning, Mkhize says. She points out that the survey data shows that understanding, or the lack of it, drives behaviour, with 49% of members saying they are unaware of their pension options at retirement and one in five saying they have not engaged with their benefits because they 'don't know enough about retirement planning'. 'Yet most consumers also believe they will have saved enough to retire comfortably by the age of 58. Conversely, Sanlam Corporate's internal data shows the age at which most South Africans can afford to retire comfortably is closer to 80. 'This shows the critical need for financial literacy to empower people with the right information to make informed decisions.' ALSO READ: South Africa's real retirement age? 80! People only seek financial literacy for retirement when it is too late The survey shows that most people only seek advice within nine years of retirement and for many there is not enough time to make adjustments that will have a significant effect on their retirement outcomes. 'You cannot act on what you do not understand and right now, the cost of that lack of understanding is carried by individuals, families and the economy,' Nzwa Shoniwa, managing executive at Sanlam Umbrella Solutions, says. The segments of society most at risk from making bad financial decisions due to poor financial literacy are young people and women. Shoniwa says the financial literacy gap does not affect all consumers equally, with some groups falling behind in ways that could affect their long-term health and retirement outcomes. 'Women are particularly vulnerable, with only 38% believing they will maintain their lifestyle in retirement, compared to 62% of men. Women are generally less confident about their understanding of retirement benefits, with only 39% reporting confidence about their benefits compared to 61% of men. 'This gap extends to other areas including risk benefits, financial advice, value-added benefits like rewards, medical aid, gap cover, primary health insurance, employee assistance programmes and even understanding the financial impact of withdrawing from the emergency savings pot.' Shoniwa adds that young adults are also at risk. 'For many starting their careers, typically between ages 24 and 30, joining a medical aid is often a condition of employment. Just 17% of those under 30 are covered by an employer medical scheme, while 18% receive cash as part of their salary to purchase their own product. ALSO READ: 50 and still haven't saved? Here's how to kickstart your retirement plan today Appetite for financial literacy about retirement is strong 'However, the complexity and cost of available products can lead to underinsurance, opting out or delayed long-term planning. This group, especially those between the ages of 31 and 40, is also the most likely to cite rising living costs as a barrier to long-term planning. Compounding these decisions, many only start saving for the long term in their 40s.' That is why it is good news that the survey shows the appetite for better financial guidance is strong, with 64% of members saying regular financial education is very important and nearly half of employer funds supporting retirement planning in schools, while 49% of employer funds believe targeted communication could improve outcomes. Shoniwa says there is momentum, with nearly 60% of members reviewing their benefits in the past year, probably prompted by the introduction of the two-pot retirement system. 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South Africans want better outcomes and they are ready to engage. What they need now is consistent education, clearer communication and simpler systems. 'What we do not know is already costing us but what we choose to teach and how we teach it together could change everything. Financial literacy is the foundation for a system that delivers not just outcomes, but dignity,' Mkhize says.

As stinking-rich Mamelodi Sundowns become richer, implications for Kaizer Chiefs and Orlando Pirates profound
As stinking-rich Mamelodi Sundowns become richer, implications for Kaizer Chiefs and Orlando Pirates profound

IOL News

time12 hours ago

  • IOL News

As stinking-rich Mamelodi Sundowns become richer, implications for Kaizer Chiefs and Orlando Pirates profound

While Sundowns have been in the US, chairman Tlhopie Motsepe (with trophy) outlined ambitious plans to invest in local talent development and expand essential infrastructure. Photo: BackpagePix Image: BackpagePix Straight Talk Column by Herman Gibbs Mamelodi Sundowns will receive an impressive R174 million just for participating in the 2025 Fifa Club World Cup, as well as R36 million for each victory during the group stage. This substantial financial injection will enable Sundowns to easily maintain and enhance their stronghold in the Premier Soccer League (PSL), ensuring their ongoing dominance in domestic football. However, this development is rather ominous for the PSL's two glamour teams, Kaizer Chiefs and Orlando Pirates. Both clubs boast a rich history and monumental fan-bases, often highlighted by the 'sold out' Soweto Derbies, where passion and rivalry ignite stadiums. Chiefs and Pirates have also enjoyed the thrill of several capacity crowds over the past two seasons. Until recently, Chiefs have not won a trophy in a decade, but they continue to attract lucrative sponsorships based on their pulling power, despite dwindling crowds. Yet, as Sundowns' dominance continues to grow, these storied franchises appear increasingly destined to remain in the shadows of their Chloorkop rivals. Sundowns' motto, 'The sky is the limit', reflects a commitment to transcend the traditional boundaries of sporting success. Their emblem – a hand poised with a finger pointing skyward – symbolises an aspiration that knows no limitations, whether rooted in historical performance or geographical challenges. The tragedy of the situation is that Chiefs and Pirates have shown no ambition to reclaim their lost glory, and will remain ensnared in the slipstream of Sundowns' relentless pursuit of excellence. There is no evidence that the 'Soweto Giants' will rise to challenge Masandawana or continue to watch from the shadows. While Sundowns have been in the United States, the club's chairman, Tlhopie Motsepe, outlined the Brazilians' ambitious plans to invest in local talent development and expand essential infrastructure. At the heart of this vision is the establishment of a world-class academy aimed at nurturing home-grown talent. Motsepe emphasised that the goal is to ensure the finest local players do not have to look overseas to join the ranks of prestigious European clubs. He spoke about an academy that stands toe-to-toe with Europe's elite institutions. He also highlighted the urgent need for robust infrastructure, notably the club's aspiration to build a stadium, noting the benefits of having a dedicated venue as a home ground. On the playing field, the Fifa Club World Cup will be a game-changer for the South African players wearing the famous Brazilian-inspired jerseys. They will face opponents with distinctive playing styles and strategies, propelling the team into uncharted territory. They will step onto the pitch against European powerhouse Borussia Dortmund and South American heavyweights Fluminense, and each match presents an invaluable opportunity for growth and development. Every match will serve as a test of skill and a rite of passage, transporting Sundowns from regional dominance to global contenders. With each opponent presenting a fresh challenge, the club has the chance to elevate its playing standards, an evolution that could define its legacy on the international stage. In their next two group matches, Sundowns will confront the blistering speed of Germany's Dortmund and the intricate ball control epitomised by Brazil's Fluminense.

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