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Drought, high costs bring U.S. berry giants to Canada's maple syrup land
A swath of Canada better known for maple syrup is being tested to mass produce berries normally grown in warmer locales, making it the unexpected beneficiary of extreme weather, local demand and rising costs in traditional growing areas like California. Driscoll's and grower-owned Naturipe Farms LLC, two of North America's largest fruit sellers, are both
Eskom wants South Africans to pay 32.02% more for electricity
On the eve of public hearings about Eskom’s application for a 32% tariff increase next year, it has become clear that energy regulator Nersa will have little room to deviate from Eskom’s numbers and limit the increase substantially. Independent economist Elize Kruger earlier said such an increase will have a hugely negative impact on the
Africell Wins the Inaugural Tech Freedom Award by the Krach Institute
Africell has announced that they have won the inaugural Tech Freedom Award by the Krach Institute for Tech Diplomacy at Purdue. Africell has been named by The Krach Institute for Tech Diplomacy at Purdue as inaugural corporate winner of the Tech Freedom Award. The award is presented to a company that exemplifies the Institute’s mission
Republic of Congo gets its first ever marine protected areas
The Republic of the Congo has created three marine protected areas (MPA) — its first-ever — protecting over 4,000 square kilometres of marine resources. MPAs provide for community fishing zones and are a tool against illegal and unregulated fishing. The country encompasses an extraordinary diversity of wildlife. The creation of MPAs was supported by non-governmental
FNB delivers strong results with good credit and deposit performance
September 2022 – FNB delivered a strong set of financial results for the financial year ending 30 June 2022, as 10.96 million customers continued to place their trust in our ability to help them with their financial, business and lifestyle needs. Our performance was driven by more customers, increased transactional volumes, strong deposit growth, lower impairments,
U.S. stocks tumble after higher than expected August Inflation; Nasdaq Down 4%
U.S. stocks sold off sharply after August’s inflation report came in higher than expected. At 12:33 ET (16:33 GMT), the Dow Jones Industrial Average was down 926 points, or 2.9%, while the S&P 500 was down 3.2% and the NASDAQ Composite was down 4%. The consumer price index for August showed inflation rose 0.1% from July despite the drop in the price of
Boeing predicts African airlines will need more than a thousand planes by 2041
United States-based aerospace manufacturer Boeing has shared a forecast as far as the African continent is concerned, saying the sales will go up. The company believes Africa will need 1 010 new aircraft, with a total value of $176 billion by 2041 and this demand is due to robust increases in African domestic, intra-regional and inter-regional
New Women In Finance Podcast episode by Nastassia Arendse features Sinenhlanhla Zulu
This month Nastassia Arendse introduces the next installment in her exciting new podcast series “Women in Finance". The guest is celebrated finance whizz Sinenhlanhla Zulu, Investment Specialist at Ninety One. Zulu holds an MBA from the UK’s University of Cambridge, and a BSc in Mining Engineering from the University of the Witwatersrand. “We discuss Sinenhlanhla’s
'All taxes are wealth taxes' – Dr Richard Grant
All taxes are wealth taxes. All taxes imply the transfer of wealth from the individual owner to a government agency. The only difference between taxes is the tax base or event upon which the tax is levied, and the difference between the total burden borne by the taxpayers and the amount of revenue actually received
All taxes are wealth taxes – Wealth Tax & Basic Income Grant
All taxes are wealth taxes. All taxes imply the transfer of wealth from the individual owner to a government agency. The only difference between taxes is the tax base or event upon which the tax is levied, and the difference between the total burden borne by the taxpayers and the amount of revenue actually received
EXXARO RESOURCES RANKS TOP 10 IN 2022 EY Excellence in Integrated Reporting Awards
Exxaro Resources is pleased to announce its 5th position in this year’s Top 10 of the Ernst & Young (EY) Excellence in Integrated Reporting Awards. The diversifiedminerals and renewable energy solutions company was recognised as the only mining resources company in the top five and continues to deliver solid returns through its integrated reporting and Environmental, Social and Governance (ESG) performance. Ernst & Young is
Dr. Reda Helal appointed as a Group Managing Director at Network International
Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), has announced the internal appointment of Dr. Reda Helal as Group Managing Director, Processing Business – Africa and co-head Group Processing. In his new role, Reda will be responsible for leading and growing a client-focused business unit serving financial institutions,
MultiChoice company launches tech that tackles piracy and password sharing
Wholly-owned MultiChoice subsidiary Irdeto has announced that it extended the capabilities of its digital rights management system to tackle piracy and password sharing. Irdeto is a security company that develops software and services for the gaming and video entertainment industries. It has been a MultiChoice subsidiary since 1997. It announced on Sunday that it had
Why retrenchment cover is a non-negotiable need for those currently employed
Being retrenched is one of the most traumatic transitions a person can go through in their career, and as the world grapples with the aftermath of the pandemic and strained economies, retrenchments are unfortunately still a reality for many people. Lee Bromfield, CEO of FNB Life says, “The shock of being retrenched coupled with the
Competition body allows Heineken to buy Distell but must sell some brands
News reaching BusinessTech Africa is that the Competition Commission has recommended the approval of Dutch giant Heineken's proposed takeover of parts of South Africa's largest alcohol producer Distell. The two parties have reached an agreement to invest more than R10 billion in their local operational footprint as well as transfer more than R3 billion in shares
Angola leapfrogs Nigeria as Africa’s top oil producer for the month of August
Nigeria has lost its place as the top-ranked oil producer in Africa and that comes because of Angola’s emergence as number one for the month of August. Nigeria lost its crown as Africa’s largest crude producer for the month of August as Angola surpassed the country for the first time in close to a decade. According to
Bill Gates, Jeff Bezos, and all the major companies that sent out condolences to The Royal Family
An outpouring of condolences for the royal family immediately accompanied Buckingham Palace’s announcement of her passing, with some of the world’s most powerful companies and public figures paying tribute. Here’s how the international business community responded to Her Majesty’s death. Aston Martin The U.K.-headquartered luxury car manufacturer Aston Martin posted a tribute to Elizabeth on
South African Govt. to Shut Down 2G and 3G Networks by 2025
South African Government has announced its intentions to shut down the 2G and 3G networks in their country. In a recent announcement, the South African government has proposed a roadmap to shut down the 2G and 3G Networks in the country by 2025. Radio frequency spectrum is a finite natural resource that is vital to
Pick n Pay ‘shutdown’ looms, the new expropriation
Julius Malema has threatened Pick n Pay with “militant action” if a third meeting request is ignored by the company. He has alleged that franchisees are exploited and treated unfairly by the retail company. Militant action threatens 85 000 jobs across 1 795 stores during South Africa’s toughest economic crisis. Consumer inflation increased to 7,8%
The new HUAWEI WATCH GT 3 Pro wins EISA’s Best Smartwatch Product for 2022-2023 award
If you don't know what the Huawei Watch GT 3 Pro is, this is Huawei's finest-looking smartwatch that aims to straddle finesse and functionality, especially with its fitness capabilities, premium design, and excellent battery life. The watch seems to have hit all the right notes both in terms of design and features. The HUAWEI Consumer