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Ethiopian Airlines becomes first in Africa to order Airbus A350-1000 airliners
Ethiopian Airlines, that country’s national flag carrier, has become the first African airline to order the Airbus A350-1000 airliner, the largest model in the new-generation Airbus A350XWB family. The airline did so by converting an existing order for four of the smaller A350-900s into an order for A350-1000s. Ethiopian had previously ordered 22 A350-900s, of
South Africa's treasury set to take over part of Eskom’s R396bn debt
South Africa’s Treasury is finalising a plan to take over a portion of Eskom Holdings' R396-billion debt as part of a process to place the struggling electricity company on a sustainable footing, a top official said. The “broad brush strokes” of the debt transfer will be announced in the mid-term budget scheduled for October, Duncan Pieterse, head
ArcelorMittal seeks to secure rail network amid a collapse in Transnet service
ArcelorMittal South Africa (AMSA) has confirmed that it will seek to secure third-party access to Transnet’s rail network as part of efforts to stabilise the logistics involved in supplying key raw materials, such as iron-ore, having experienced an intense period of rail disruption during the first half of 2022, which cost it some R650-million in
Woolworths deliveries to be made by solar-charged electric panel vans
Retailer Woolworths in June announced that it will start rolling out electric panel vans (EPVs) in partnership with logistics group DSV and mobility specialist Everlectric to deliver its customers’ online purchases in Gauteng, Cape Town and Durban. This follows a ten-month trail period during which Woolworths put two Maxus EPVs from Chinese manufacturer SAIC through
Paratus announces the opening of Namibian carrier neutral data center
The new Paratus Namibia data center (DC) opens in Windhoek in August 2022, propelling the Namibian economy into the era of carrier neutral DC offerings. For the first time, colocation clients will have the freedom of choice as well as access to world class infrastructure hosting services. Any client hosting within the facility will be
Competition Tribunal Approves TFG and Tapestry Home brands Merger
On Tuesday, the Competition Tribunal said, that it had approved a large-scale merger between the Foschini Group (TFG) Limited and Tapestry Home brands for R $ 2.43 billion, depending on the conditions. The Foschini Group intends to acquire Tapestry Home Brands. Upon the implementation of the proposed transaction, TFG will exercise sole control over Tapestry.
Vodacom to Invest R600 Million to Accelerate Connectivity in Mpumalanga
Vodacom Mpumalanga will invest R600 million into the network this financial year, to accelerate coverage reach and network capacity, and provide access to affordable, high-quality connectivity. This will meet the increasing demand for internet services, while driving digital inclusion throughout the region. In the past two years, Vodacom Mpumalanga has spent R1 billion on network
Gmail’s new look is now rolling out to everyone
We’ve been tracking the progress of Google’s interface refresh for Gmail since February, and as promised, the company says it’s now becoming available for all Gmail users. The rework pulls Meet, Chat, and Spaces closer together as part of the overall experience and includes elements from Google’s Material Design 3. It’s not stopping there and says that, later
These companies will provide the first batteries for Eskom’s massive backup energy storage system
Hyosung Heavy Industries and Pinggao Group are the first companies contracted to provide large lithium-ion batteries to Eskom for its massive battery energy storage system (BESS). The power utility has told MyBroadband that Hyosung would provide 292MWh of storage while Pinggao would contribute 395MWh as part of Phase 1 of the project. Founded in 1962,
City of Tshwane sets a good example, pays R878 million to Eskom
Setting a good example of proper government and accountability, the City of Tshwane has officially confirmed the payment of their bill with Eskom. In a social media post, the municipality says it has forked out a whopping R878 million to settle their debt to cash-strapped power utility Eskom. Despite confirming their payment to the state-owned entity,
BMW releases an R1.6m all-electric I4 luxury sedan in South Africa
German car manufacturer, BMW, has released a new all-electric i4 stylish sedan in the South African market. Priced at R1.6 million, the machine is purely electric as per the company and the model is focused on driving dynamics from the start. The German-based car maker says, initially, only one model variant will be available from
Anglo American sees rising profits despite declining earnings
Mining companies return most of their profits to shareholders in the form of dividends. Dividends consist of a basic dividend of R41 per share, which is equivalent to 40% of gross profit, and a “special dividend” of R40, which is equivalent to 40% of total profit, as a bonus dividend. Despite a decline in interim
Huawei maintains its market share in South Africa despite the loss of Google services
Huawei maintains its market share in South Africa despite the loss of Google services Huawei has maintained a relatively large share of the South African mobile operator market, despite losing access to Google services in May 2019. The country continues to be an important market for Huawei. The manufacturer’s vice president of Akhram Mohamed, said
<strong>Reliable connectivity remains key for mining </strong>
Reliable connectivity remains key for mining There are so many factors that make commercial mining an incredibly intricate process. Currently, South Africa’s mines are getting deeper and deeper as mining companies try to reach new deposits. This significantly increases the cost of extraction, ups safety risks and makes mining operations even more complex. But with
Sanral scholarship and bursary programme open for applications
During its recent career expo in the Eastern Cape, Sanral shared information on its scholarship and bursary programmes. During the 2020/21 financial year, it awarded 220 scholarships at a total investment of R7m, and 100 bursaries at a total investment of R8m in the Eastern Cape. “Our scholarship programme is available to learners from grades
Facebook Music Revenue Sharing: A New Way For Creators to Earn Money Through Facebook Videos
Meta announced today that creators on Facebook can now earn money through their Facebook videos that use licensed music. The company is launching “Music Revenue Sharing” to allow video creators to include licensed music in their videos on Facebook and earn a share of in-stream ad revenue. The company says this opens up a new
Ramaphosa unveils load-shedding crisis response
President Cyril Ramaphosa unveiled several far-reaching interventions – including a doubling in the allocation for the next renewables procurement round, the scrapping of the 100 MW licence-exemption threshold for distributed generators and a proposal of a feed-in tariff for self-generating households and businesses – as part of a much-anticipated action plan for ending load-shedding. While refraining from declaring the
What to do if your business’ social media account gets hacked
Almost 20 per cent of small businesses have reported to have had their social media accounts hacked at some point Returning home on the tube after a night at the cinema, fabric dealer Noel Chapman received a text from his friend in Italy. “Look at your Instagram, there’s something funny going on,” it read. In
Mr Price CEO gets R33m bonus
Mr Price Group has granted CEO Mark Blair a R32.931 million bonus in the year to 2 April 2022, in the form of an allocation in its group forfeitable share plan. This took his total remuneration for the 2022 financial year to R56.5 million, an increase of 201% on the R18.8 million package in 2021.
Netflix starts linking iPhone and iPad users to an external sign-up page
Netflix has started directing users on iPhone and iPad to an external webpage where they can sign up for the service, as first reported by 9to5Mac. The change comes just months after Apple started letting “reader” apps that provide access to digital content, like Netflix and Spotify, link out to account sign-up pages on their own websites. For as