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SA retailer Pick N Pay clothing opens doors to 300th store & hopes for growth
South African retailer Pick N Pay has opened its 300th clothing as a stand-alone outlet as it continues to grow in the country. The Cape Town-based casualwear retailer released a statement earlier this week, suggesting it was on track to launch 60 corporate and five franchise stores by February 2023. Pick N Pay announced that
Beleaguered Eskom CEO Andre De Ruyter resigns from his position – REPORTS
Eskom CEO Andre De Ruyter has reportedly resigned from his hot seat and BusinessTech Africa has gathered this developing story. De Ruyter leaves the embattled power generator, Eskom, and media reports suggest that the Group CEO notified the board about his decision. News24 has it that De Ruyter told the Eskom board chairperson Mpho Makwana
Tyre maker Bridgestone buys off-road tyre manufacturer Otraco Southern Africa
Tyre maker, Bridgestone Southern Africa Holdings, has bought Otraco Southern Africa and the company has announced the news on Wednesday. Bridgestone has acquired Otraco which is one of the most active tyre makers in the off-road tyre-management solutions market per a report by Engineering News. Otraco Southern Africa is active in the off-the-road tyre management solutions
<a>Ravaging Eskom load shedding slows car production due to increased downtime</a>
As the persistent load shedding continues to wreak havoc in many sectors of the economy, the car manufacturing industry is feeling the effects. This comes as South Africa’s automotive vehicle, manufacturers, and production for the year might slide because of it, Naamsa CEO Mike Mabasa said. Mabasa said the issue was the heavy-duty equipment and
Famous Brands appoint Thabo Mosololi as the new non-executive director
Owning brands such as Mugg & Bean and Debonairs, Famous Brands have announced the appointment of a new independent non-executive director. Thabo Mosololi takes the new role as an independent non-executive director to the board of directors. Famous Brands said Mosololi will also be hired as a member of the Audit and Risk Committee, per
Comair liquidation put on hold as negotiations with buyers continue
The ongoing court case involving Comair where it will be determined whether it can be rescued or not has been moved to June next year. This development has come to the attention of BusinessTech Africa and it will be determined in 2023 whether Comair can be saved or must be liquidated. Local media reports in
<a></a><a><strong>Top young scientists awarded at Eskom Expo International Science Fair </strong></a>
Just last week, the Eskom Expo International Science Fair saw top young scientists awarded for their exhibitions in Boksburg. The ambitious young scientists successfully exhibited their ground-breaking research projects at this year’s Science Fair and walked away with a plethora of life-changing awards. BusinessTech Africa has received a media statement indicating that the top senior
<a>EXCLUSIVE: Start Up Capital’s Justine Kiska reflects on her entrepreneurial journey</a>
After founding her holding company early this year, Start Up Capital together with the Kiska Group, businesswoman, Justine Kiska recently sat down with BusinessTech Africa to share her progress. Kiska exclusively tells this website that the Kiska Group has gone through massive growth and development as they have forged partnerships with various companies. Currently operating
South African citrus growers see a decline in exports but are hopeful of 2023
The South African Citrus Growers Association says it exported lower than predicted volumes to global markets in 2022. CGA says despite packaging 3.2 million more cartons of fruit for export markets this year, the industry packed and exported 5.7 million cartons less (164.8 million cartons) than what was predicted at the beginning of the 2022
Gold Fields suffers blow, lose Yamana deal & CEO Chris Griffith resigns
Following a disappointing mission to buy one of Canada’s biggest gold mines, Gold Fields CEO Chris Griffith has stepped down from his role. BusinessTech Africa has discovered that, through a media release, Griffith has resigned from his position at Goldfields and the miner has expressed disappointment. Under Griffith’s leadership, Gold Fields saw its plan or
Chinese car maker Chery plans to venture into more African countries
After seeing constant progress as far as sales are concerned, Chinese carmaker Chery plans to venture into neighbouring countries. The vehicle maker has seen steady growth in South Africa and Executive Deputy General Manager, Tiny Liu says they still plan to add more dealerships in the country. This comes following a stellar year in South
Aspen to receive R523 million from Bill & Melinda Gates Foundation
Globally recognised pharmaceutical company Aspen will receive $30 million from Bill & Melinda Gates Foundation and the Coalition for Epidemic Preparedness Innovations (CEPI). The JSE-listed pharmaceutical company will receive (R523 million) from the two funders to help manufacture routine and outbreak vaccines for Africa. It is reported that the $15 million each from CEPI and
DRC freezes Vodacom Group’s bank accounts & seals part of offices
The Democratic Republic of Congo has sealed parts of Vodacom Group’s offices and has frozen the company’s bank accounts owing to a tax dispute. The disagreement comes after an audit for the year 2016 until 2019 by the general directorate of taxes that discovered that Vodacom Congo owed more than $243 million. According to a
Uganda says it will not renew Eskom’s licences when it expires in March 2023
Uganda has announced that it will not renew Eskom’s licences when it expires in March next year. The East African country said it wants to bring the electricity sector under the government and to control the reduction of costs to consumers. Eskom was contracted to Uganda to run two hydropower stations but the contracts will
Competition tribunal approves Shoprite’s proposal to buy Massmart Stores
South African retailer Shoprite has received a go-ahead as it plans to buy Massmart but it comes with a lot of terms and conditions. The grocery and household products outlet, Shoprite’s proposed plan was approved by the Competition Tribunal as it wants to acquire certain Massmart-owned supermarkets. The transaction will also include wholesalers and liquor
Trade Unions welcome the declaration of December 27 as a public holiday
Following the announcement by the South African parliament to declare December 27 as a public holiday, trade union Fedusa has welcomed the news. This comes as a massive relief to the working class and many may call it an early Christmas present as president Cyril Ramaphosa announced. President Ramaphosa opted to declare Tuesday, December 27
Minister Senzo Mchunu in Lesotho to oversee the Highlands Water Project
South African minister of Water and Sanitation Senzo Mchunu is set to embark on a visit to the Kingdom of Lesotho to speed up the implementation of the Lesotho Highlands Water Project. Phase Two of the Highlands Water Project in Lesotho is seen by Mchunu as one of the highly prioritised projects as he will
Glencore looks to shut down 12 coal mines by the year 2035 to decarbonise
One of the biggest players in the global mining industry, Glencore, says it will shut down 12 coal mines by the year 2035. Glencore said, as the biggest natural resources business, it planned to close the mines as it released its annual results on Wednesday. The mining company, Glencore said with 12 coal mine closures
Pravin Gordhan urges Eskom to ‘urgently’ ease Stage 6 of load shedding
While South Africans are waiting to see changes as far as the load-shedding schedule implemented by Eskom is concerned, Minister of Public Enterprises Pravin Gordhan wants urgency. Gordhan has sent a strong message to the Eskom board to act with urgency in solving the issues regarding Stage 6 of load shedding. On Thursday, Gordhan said
Ethiopian Airlines partners with Boeing to ferry human aid on Boeing 737
Airplane maker Boeing has partnered with Ethiopian Airlines in a massive project to transport humanitarian aid on a Boeing 737 MAX. The delivery flights carried out by Ethiopian Airlines are from Seattle in the United States of America and it is reported that three flights delivered cargo in Ethiopia between November and this month. Simple