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Astron fuels embark on a process to rebrand its 850 service stations in SA
South African petroleum seller Astron has announced a move to rebrand its service stations and change them from being known as Caltex. Astron has begun its process of renaming its 850 service stations across South Africa as it was formerly known as Caltex. The company says rebranding is a key milestone of becoming the next biggest fuel
Queen Elizabeth II: Her majesty leaves behind over $500 million in personal wealth
The world is still digesting the news of Queen Elizabeth II’s passing which filtered through on Thursday evening, there is speculation on her personal wealth. Having reportedly passed away at the age of 96 at Balmoral Castle, her home in Scotland, her death has definitely left many politicians and ordinary people sharing contrasting tributes. Entertainment SA takes
Local farmers feel the pinch of Eskom’s ongoing and devastating load shedding
South African businesses are definitely feeling the pinch brought by the ongoing and persistent load shedding and the farming sector cannot be spared. The power cuts returned this week as Eskom is experiencing challenges related to power generation and the farming industry has decried the load shedding. In the farming sector, electricity is utilised for pumping water,
Mitsubishi Fuso unveils new all-electric trucks, coming to SA in mid-2023
Mitsubishi Fuso Truck and Bus Corporation has introduced new faces in its stable by unveiling their next generation all-electric light-duty eCanter truck. The Japanese carmaker also announced that the new electric trucks are set to be available in South Africa for testing as of mid-2023. Since its launch in 2017 as the first series-produced truck of its
Retail giant Shoprite shifts to solar-powered trailers to keep food cool and fresh
South African giant retailer Shoprite Holdings has announced a groundbreaking move to ensure they play a huge role in relation to climate change and pollution. The country’s biggest chain store has announced that it has fitted solar PV systems on more than 1,000 of its trailers, using the sun to power refrigeration, tail lifts, and
Cable theft forces Transnet Freight Rail to shut its North Corridor, affecting coal exports
It doesn’t rain but pours for Transnet Freight Rail as the state entity suffered another cable theft blow earlier this week. In a statement, TFR said it had to close its North Corridor after it was hit by two major incidents of cable theft late on the night of September 6, leading to the line’s
Dimension Data’s Zellah Fuphe promoted to a top global role within NTT
Nippon Telegraph and Telephone Corporation Ltd. (NTT) has made changes in its team by promoting Zellah Fuphe from her role at Dimension Data to global Chief Risk and Sustainability Officer. Dimension Data announced Fuphe’s promotion in a statement on Wednesday and CEO Alan Turnley-Jones has expressed excitement about Fuphe's new role. In a statement, the systems integrator
Ex-MTN accountant pleads not guilty to defrauding the company of R53m
Former MTN staffer identified as Branden Ruth Moshabane has pleaded not guilty to charges of fraud to the tune of R53 million. Moshabane appeared at the Palm Ridge Magistrate’s court in Ekurhuleni on Wednesday as she faced several charges related to fraud. It has come to the attention of BusinessTech SA that the former employee allegedly transferred
Struggling Denel appoints interim Group Chief Executive Officer, Michael Kgobe
Embattled state-owned arms manufacturer, Denel, has announced the appointment of chief of aeronautics, Michael Kgobe as interim Group Chief Executive Officer. The entity released the information on Thursday and that Kgobe replaces caretaker GCEO William Hlakoane whose contract expired at the end of August. Hlakoane's successor, Kgobe, his term of office is effective from Thursday 1 September
Barclays puts remaining shares worth R10.7 billion in ABSA as it exits Africa
British bank group, Barclays, has put its remaining shares on sale in ABSA to the value of R10.7 billion as the group exits the African continent. Barclays has been trading in the African continent for 90 years and has sold its 7.4% stake in ABSA (Amalgamated Banks of South Africa) as they finalise their departure which
SA Tourism CEO: Europe and US travellers still see SA as their preferred destination
As South Africa enters its tourism month in September, the industry is seeing an influx of tourists from the United States of America. South African Tourism CEO Themba Khumalo said the Americans are making big numbers compared to other countries in Europe. Khumalo stated that the influx can be credited to the Covid-19 lockdown regulations that were
Toyota SA tops the list of top brands in August 2022 as new car sales grow
The National Automobile Association of Manufacturers of South Africa has released the numbers of new vehicle sales for the month of August 2022. NAAMSA says new vehicle sales continue to rise in the country and that is happening at an encouraging rate as the month of August saw a total volume off 47 420 units. The numbers
Cash-strapped arms maker, Denel’s coffers may run dry in September
Another embattled state-owned entity, Denel, has told parliament its coffers are set to run dry as early as the end of this month, September. This comes to the attention of BusinessTech Africa following an update in the joint meeting of Parliament’s Portfolio Committee on Public Enterprises and Parliament’s Select Committee on Public Enterprises and Communications
Transnet receive a boost after reaching an agreement with China Railway Rolling Stock
Transnet Freight Rail has received a massive boost as the company forced China Railway Rolling Stock Loco to release critical spare parts and components. This follows a legal suit that the state-owned company took in the past few weeks and it is now reported that the 10-year-long maintenance backlog of rolling stock by Transnet Freight Rail
Recent study reveals more businesses are dumping Eskom, and opting for private energy
The latest research conducted by Sakeliga revealed that more and more businesses are dumping the state-owned power generator, Eskom, for alternative power sources. A daily publication says the study shows that businesses are fast becoming less dependent on the power supplier, as many pointed fingers at the rolling blackouts. Executive director of research and strategy at Sakeliga,
SA economist: “Resumption of wool exports to China comes at an opportune time”
Chief economist at Agricultural Business Chamber Wandile Sihlobo says the resumption of wool exports comes at an opportune time considering the wool season which has just started. Sihlobo argues that the resumption and suspension of the import ban by China will benefit the South African economy. China recently announced a four-month ban on wool coming from the
Cell C ropes in Lerato Pule as new CFO, replacing outgoing Zafar Mahomed
South African mobile telecommunications operator, Cell C, has also rung changes in its staff with the appointment of a new Chief Financial Officer, Lerato Pule. Pule joins the company as she succeeds Zafar Mahomed and her appointment will come into effect on Thursday, September 1. Cell C released a brief statement according to a report by ITWeb,
The business sector welcomes high-profile arrests of former Transnet executives
Business Unity of South Africa has welcomed the arrests made by the National Prosecuting Authority involving former Transnet executives. Ex-group chief executive of Transnet, Brian Molefe, former group chief financial officer Anoj Singh, Regiments Capital directors Niven Pillay and Litha Nyhonhya all appeared in the Palm Ridge Specialised Crimes Court on Monday after their arrest by
Grindrod Shipping set to become the latest company to leave the JSE
Grindrod Shipping could be the next company to leave the Johannesburg Stock Exchange, if media reports are anything to go by. The company is said to have attracted the interest of Taylor Marine Investments who are looking to buy Grindrod Shipping’s shares. Fin24 reports that the Guernsey-based shipping company has tabled a bid for Grindrod, the proposed
A Beefmaster Group lauds Botswana for swift action to curb foot and mouth disease
The South African red meat and livestock sector has praised their Botswana counterparts for acting swiftly with an aim to curb the spread of foot and mouse disease. Following the outbreak of the FMD in South Africa, Botswana’s director of veterinary services, Dr. Kefentse Motshegwa, told farmers and the farming sector of the decision to impose