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BusinessTech Africa looks at cars that customers can buy in South Africa in 2023
The latest research suggests that South African workers now have several options when it comes to buying a new car in 2023. According to the findings published by BusinessTech, the South African new-vehicle market continued its gradual recovery in 2022, registering twelve consecutive months of year-on-year growth. The National Association of Automobile Manufacturers of South
Enoch Godongwana: “Load shedding will be a thing of the past in 12-18 months”
Finance minister Enoch Godongwana has allayed fears that the ravaging Eskom load shedding will continue for the next few years. Godongwana said the devastating power cuts that are continuously implemented by Eskom will only last for 12-18 months, he was speaking during the World Economic Forum in Davos, Switzerland. He said the country already has
Transnet discovers two bodies of alleged fuel thieves in Johannesburg
South African rail agency Transnet has announced that it has discovered two bodies of suspects that were found near Kibler Park in Johannesburg. Media reports indicate that the two bodies were found following the latest attempt to steal fuel from a Transnet pipeline, the state-owned company said on Monday. It is reported that a single
Transnet, SIU & Swiss company Liebherr reach an agreement over crane tender
South African railway agency Transnet has reached an agreement with Liebherr which is a Swiss-based manufacturing company. The agreement between Liebherr is about the irregular awarding of two tenders regarding the supply of cranes to Transnet. News24 has it that the Special Investigating Unit (SIU) and Transnet have reached a settlement agreement with Liebherr, a
South Africa mourns the passing of political stalwart Frene Ginwala
The African National Congress and South Africans are mourning the passing of struggle stalwart Frene Ginwala. Ginwala, the first speaker of parliament served under former president Nelson Mandela, passed away on Thursday. Labelled as one of the pre-eminent midwives to the country’s constitutional democracy, Parliament has mourned the passing of its founding Speaker, in a
Nersa increases electricity tariff by 18.62% & irks opposition parties such as the DA
Following the decision to hike the electricity tariff in South Africa by the energy regulator, Nersa, president Cyril Ramaphosa said his hands are tied. Speaking on Thursday after the decision was made, the head of state said, through his spokesperson Vincent Magwenya, that Eskom needs money. Magwenya reacted to the news that the South African
Mmusi Maimane lashes out at government on 30% Grade 12 mark saga
Basic education minister Angie Mostshekga has come under fire as she moved to counter the idea that to pass Grade 12, learners must obtain 30%. BusinessTech Africa has discovered that Motshekga said that the “30% pass mark” is a myth that gets perpetuated each year, adding that no such single pass mark exists. In previous years,
Cape Town tourism registers impressive numbers in December
Word coming from Cape Town is that the city’s tourism is well on its way to recovery to post-pandemic figures, according to tourism leaders in the Mother City. This is underpinned by preliminary statistics received from Airports Company South Africa (Acsa) as recorded by the Cape Town International Airport. The CTIA recorded 266 656 international
Cyril, Ramaphosa: “Coronavirus Command Councill will meet & discuss subvariant”
President Cyril Ramaphosa has confirmed that the National Coronavirus Command Council would meet to deliberate on measures needed to tackle the new Covid-19 Omicron subvariant, XBB.1.5. The highly transmissible Covid-19 subvariant was detected in the Western Cape last week and he revealed this in an interview with EWN. Ramaphosa said although the subvariant, nicknamed "Kraken",
MTN to offer cash loans through MoMo as it partners with a credit provider
Mobile telecoms operator MTN South Africa has partnered with Lndr, a registered local credit provider, and will offer financial loans. MTN will offer the loan service through its Mobile Money platform, MoMo as it said on Tuesday. Personal loans offered will range from R2 000 to R180 000, with R1 000 of the approved funds
Intercape calls on Ramaphosa to appoint a minister better than Fikile Mbalula
South African bus company Intercape is calling on President Cyril Ramaphosa to appoint a competent minister of transport. The call comes after Intercape CEO Johann Ferreira won the case against minister Fikile Mbalula at the Makhanda High Court. Intercape wants a minister who can do better than Mbalula, someone who is able to bring order,
Tourism sector relieved that Joe Phaahla won’t impose new Covid-19 restrictions
As the country continues to battle the Covid-19 Omicron sub-variant, the tourism industry is relieved there won’t be restrictions introduced. The sector has been assured by health minister Dr. Joe Phaahla who said the South African government would not impose any internal restrictions. Per Independent Media, the XBB.1.5 sub-variant of the globally dominant Omicron variant
More woes for ex-Steinhoff CEO Markus Jooste as the JSE fines R15m
The Johannesburg Stock Exchange has issued two fines of R7,5 million against the embattled former Steinhoff CEO Markus Jooste. Jooste is also barred by the JSE from serving as a director for two decades, due to failures at the helm that prompted SA's biggest-ever accounting scandal. According to the JSE, Jooste has informed the JSE
BMW South Africa apologises for what Ntsiki Mazwai saw as ‘racist’ advert
The BMW advert has led to divisions on social media as Twitter users react to Ntsiki Mazwai’s reaction on it. Mazwai headed to Twitter to lash out at the German car manufacturer for its latest advertisement that she saw as racist. Many social media users also agree with Mazwai that the luxury vehicle maker was
Release of Grade 12 results on track says the Dept. of Education
It’s already back to school time in South Africa as the provinces situated inland are opening schools on Wednesday. During this time, parents are busy registering and finding schools for their children while some await their Grade 12 results. The South African Department of Basic Education has announced it is on track to release the
KZN Sugarcane farmers relieved as they welcome summer heavy rains
Sugarcane farmers in the province of KwaZulu-Natal have expressed relief in the wake of heavy rains last week. The farmers believe the heavy rains will be beneficial to their businesses across the province. According to the South African Farmers Development Association (Safda) executive chairman, Dr. Siyabonga Madlala, he said the recent rains will positively impact
New vehicle sales go up by 13.9% and exports increase by 17.9%
BusinessTech Africa has gathered that new vehicle sales in the domestic market went up by 13.9% in 2022 compared with 2021, says the National Association of Automobile Manufacturers of South Africa. Naamsa says the increase comes on the back of a 22.2% jump in 2021 compared with the previous year, 2020. The 2022 number of
“SA government ready to launch a state bank” – Khumbudzo Ntshavheni
Minister of Communications Khumbudzo Ntshavheni has outlined plans for the government as far as launching a state bank is concerned. Ntshavheni says the embattled Postbank is ready to take up the role of a state bank in the country and plans are already underway to roll out 100 new branches. She said the plans include
Guinness Records: Elon Musk suffers worst loss of fortune in history
After losing billions of money, South African-born businessman Elon Musk has made his way into the Guinness World Book of Records. Musk parted ways with a staggering amount close to $200 billion in 2022, thus becoming a person who lost the largest loss of personal fortune in history. The Twitter and Tesla owner lost approximately $182 billion
Cyril Ramaphosa is concerned with Andre de Ruyter & explains why he resigned
Media reports in South Africa indicate that president Cyril Ramaphosa believes Esakom CEO Andre de Ruyter resigned because the job was tough. The outgoing CEO, de Ruyter will serve in the role until the end of March 2023 as he tendered his resignation at the beginning of December last year. According to News24, de Ruyter