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Proflight Zambia to restart flights to Durban in April
Zambian privately owned airline Proflight Zambia has announced that it will resume scheduled flights between the central southern African country’s capital, Lusaka, and Durban. The flight between South Africa’s third major metropolitan hub city and Lusaka is set to boost the airline. Durban is known as South Africa’s number one port and major tourist destination
Sifiso Lukhele seeks to make it big in mobile phone space
The founder of Lukhele Mobile, Sifiso Lukhele says he always believed that there is a gap for Africans to build mobile phones. Lukhele’s company started out as a mobile device company with its primary focus on manufacturing and marketing mobile devices with FINTECH capability. The company has now evolved onto the Network side as a
Cabinet approves bill on electricity for private generation
The South African parliament has approved a bill on electricity regulation designed to clear the path for private generation projects and power trading. BusinessTech Africa understands that the country’s power utility, Eskom has provided more than 90% of the electricity used by the most industrialized nation on the continent for over 100 years. The Electricity
Reeza Isaacs steps down as Woolworths group finance director
Johannesburg Stock Exchange-listed retailer Woolworths has told its shareholders that Group Finance Director Reeza Isaacs has resigned. The JSE-listed retailer said Isaacs’s decision to step down from the position was to pursue new interests, after a decade with the group. On Wednesday, Woolworths reported to the market that Isaacs will have his last day in
BMW unveils new emblem, celebrates 50 years in South Africa
German-headquartered carmaker BMW has unveiled a new logo in South Africa to mark its 50-year celebrations. The luxury automaker has released a new logo and it is a brand new Ndebele art-inspired marketing BMW South Africa emblem. To mark this milestone, BMW released the emblem that is inspired by a work of art crafted by
RCL Foods reaches deal with Danish company AP Moller
RCL Foods has secured a massive deal as it will sell its frozen logistics business Vector Logistics for a whopping R1,25 billion. The company will sell to Denmark-based company, AP Moller Capital as BusinessTech Africa understands – the deal is subject to several approvals. Owned by Remgro, RCL Foods has confirmed the news and AP
Shoprite launches standalone clothing store in Cape Town
South African retailer Shoprite has unveiled a stand alone clothing store in Cape Town and this was announced on Thursday. The country’s biggest grocery retailer store is called UNIQ, the first branded shop will be situated at Canal Walk Shopping Centre. Including this store, the JSE-listed company is scheduled to open a total of eight
<a>SA scientists scoop Gold for innovative plastic pollution study in Tunisia</a>
As previously reported by BusinessTech Africa that two exceptional scientists were en route to Tunisia, and they have scooped gold. The two young researchers, Joseph Gibbon, and Matthew Redfern won gold for an innovative plastic pollution mitigation study at Tunisia Science Festival. In a press statement dispatched to this publication, the two exceptional young scientists
Anglo American & Tata Steel join hands to reduce emissions
Mining giant Anglo American, iron ore miner Tata Steel and several others have joined hands to find ways to reduce carbon emissions in shipping iron ore. BusinessTech Africa has discovered that Freeport Saldanha – which represents the Saldanha Bay Industrial Development Zone – is also part of the consortium, along with shipping firms CMB and
TooMuchWifi targets Gauteng townships & African expansion
Internet service provider TooMuch Wifi has promised to connect more South African townships as it looks to expand to Gauteng in affordable plans. This comes after the ISP recently an undisclosed amount of financial backing from Mineworkers Investment Company (MIC). TooMuchWifi is a wireless ISP developed specifically for low-income individuals and SMEs in under-served communities such
Digital currency registers an increase in Nigeria
Nigerians are increasingly turning to digital currency to transact, after a chaotic demonetisation policy gave rise to a shortage of banknotes and bolstered demand for alternative payment methods. Bloomberg has it that the value of eNaira transactions has surged 63% to 22 billion Naira ($47.7 million) in 2023. This number comes in the midst of
Fresh produce sector to be probed for unexplainable food price hikes
The South African Competition Commission has promised to launch a fresh Produce Market Inquiry (FPMI) on March 31. The probe is to discover whether there are any activities or features in the fresh produce value chain that impede, restrict or distort competition. According to the commission, it also aims to complete the inquiry within 18
Zambia’s Musele Maimbo bags top role at World Bank
The African economic sector is delighted with the news that Zambian national Dr. Samuel Musele Maimbo has bagged a top role at World Bank. According to Lusaka Times, Maimbo has been appointed as Vice President for Budget, Performance Review, and Strategic Planning. This appointment is a testament to the exceptional capabilities of Maimbo and his
Volkswagen unveils an affordable EV due in 2025
German carmaker, Volkswagen has announced its newest concept vehicle – the ID.2all – with the production version set to be unveiled in 2025. The automaker also promises that the production version of the electric ID.2all, to be based on its new modular electric drive entry platform, will be “as spacious as a Golf and as
Transaction Capital in talks to restructure SA Taxi
Media reports landing through to BusinessTech Africa indicate that Transaction Capital said it was currently in talks with taxi association Santaco on restructuring its SA Taxi unit. The company announced the news on Thursday in a webinar and this comes after issuing a trading statement last week, saying it was going to restructure SA Taxi.
Metair Investments announces departure of CEO Riaz Haffajee
Metair Investments Limited has announced the resignation of CEO Riaz Haffajee as he also occupied the role of an executive director. Haffajee’s departure was announced on Thursday and the international manufacturer, distributor, and retailer of automotive components, added that his last day will be Friday, March 31. In a statement to the media, Metair Investments
EU antitrust regulators conduct raids on energy drink company
The European Commission has confirmed that it has conducted raids on a company in the energy drinks sector in several EU countries, suspecting the company of being involved in a cartel and abusing its dominant position. The identity of the company has not been revealed, but Austrian energy drinks maker Red Bull has confirmed that
Ethiopian Airlines resumes flights to Malaysia as of March 25
Ethiopian Airlines has announced the resumption of its services to Malaysia, Kuala Lumpur as of this coming weekend of March 25. As the largest airline in Africa, Ethiopian Airlines said the flight will be operated four times a week with the ultramodern B787 Dreamliner. In a formal announcement of the developments, Group CEO Mesfin Tasew said they
Durban Car Terminal reaches milestone & handles 600 000th car
The Durban Car Terminal has registered a massive milestone after handling more than 600 000 vehicles this financial year. Also known as the DCT, it says this milestone was achieved this week when vessel Cattleya Ace of MOL Shipping offloaded 4 025 fully-built units and then loaded 3 200 Toyota Hilux and BMW X3 models destined
Sibanye Stillwater board approves A$30 million to fund Century
Mining company Sibanye Stillwater has offered a A$30-million lifeline to takeover target New Century Resources. This comes after the company was forced to halt operations at its Queensland (Australia) zinc mine in early March, following heavy floods. Operations are expected to remain suspended for a further two to three weeks as a result of the rains. New Century has