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FINANCE MINISTER ENOCH GODONGWANA IS URGING TAX TRANSPARENCY
Finance Minister Enoch Godongwana has highlighted the need for African countries to prioritize tax transparency as a strategy to combat tax evasion and illicit financial flows. He expressed concern about the significant amount of money that Africa loses each year due to these issues, citing estimates from the African Union Commission. South Africa's recent grey
NEDBANK TOP EMPOWERMENT CONFERENCE 2023: DRIVING ECONOMIC EMPOWERMENT FOR AFRICA'S FUTURE
In the rapidly changing landscape of business, policy, and empowerment, the upcoming 2023 Nedbank Top Empowerment Conference is set to have a significant impact on driving economic transformation in South Africa and beyond. Organized by Topco Media, this premier conference for B-BBEE (Broad-Based Black Economic Empowerment) experts and specialists will take place at the prestigious
GOLDEN RULES FOR ONLINE JOBS APPLICATIONS
Recruiters ask for both a CV and manual input of work history for a reason. While it may seem redundant, it serves a purpose in online recruitment platforms. The information you manually enter in your profile is more visible to recruiters compared to the CV, which they would have to click to view. Recruiters use
Discovery Health CEO on Government’s NHI model
Ryan Noach from Discovery Health has revealed that the single-funder model described in the National Health Insurance (NHI) Bill would not be able to achieve the government’s goal of equitable access to healthcare. Revealing that Discovery Health does not endorse the single-funder model proposed in the NHI Bill, he said this approach is not only
Zambia’s private sector business conditions expanded further in June
Mauritius: Consumer inflation was unchanged 7.9% y/y in June, coming in slightly higher than our 7.7% estimate. CPI rose by 0.4% m/m, following a 0.2% increase in May as increases in alcoholic beverages & tobacco prices (+7.0% m/m), recreation & culture (+0.6%) and restaurant & hotels (+1.9%) offset decreases in food & non-alcoholic beverages (-0.3%), housing
Load Shedding Could Come To An End Soon
With energy availability increasing to almost 70 % , according to a cabinet statement on Thursday, South Africa’s power crisis could end sooner than anticipated according to Minister of Electricity, Kgosientsho Ramokgopa. In a media briefing in Pretoria on Sunday, Ramokgopa said, “I said when I started this assignment, we will resolve load shedding and
Load shedding shoots up as snow hits Jo'burg
As South Africans are shivering due to one of the most powerful winter frontal systems in years, there is a higher demand for electricity which also means intensified load shedding. Eskom has revealed that high demand, coupled with a “slight reduction in generation capacity”, has resulted in the need to impose stage-4 load shedding from
Reports reveal SABC on the edge of collapse
According to SABC’s Chief Financial Officer (CFO), the company is said to be in extreme financial distress and could be forced to apply for business rescue. Reports have also revealed that the company is set to announce a loss of more than R1 billion for the financial year ended March 2023. The company has mentioned
MTN committing to invest R65bn in Nigeria
MTN Group has made a commitment to invest $3.5 billion (R65 billion) in Nigeria over the next five years. Mcebisi Jonas who is the chairman for the Pan-African telecom provider, said the company’s plans for its most lucrative market on Friday when the telco’s executives and directors met Nigeria’s new president Bola Tinubu. Even though
US schools starting to deploy robots that can surveil campuses and confront intruders
Some schools in the United States have now turned to robots to help beef up campus security and potentially confront intruders. According to the Wall Street Journal reports, Santa Fe High School that is located in New Mexico, became among the first US schools to test an autonomous robot that uses artificial intelligence to learn
R3.4 billion issued for VIP protection a year
South African government spends more than R3 billion on VIP protection for government officials. But the most recent events have brought into question what exactly this money is being spent on. Talking to eNCA, Wayne Duvenage who is the CEO of Organisation Undoing Tax Abuse (OUTA) said R3.4 billion was spent on VIP protection for
Vodacom’s Cape Town head office fire contained
The regional head office in Cape Town for Vodacom South Africa was on fire on Sunday the 9th of July. According to various eyewitness accounts on social media, it seems like the fire was on the roof of the building, which is covered in solar panels. Later then Vodacom gave and update that the fire
HOW TO TURN SOUTH AFRICA INTO A NATION OF START-UPS
The need for South Africa to create a more supportive environment for entrepreneurship and start-ups to build a competitive and fast-growing economy. Access to funding, particularly venture capital (VC), is crucial for the growth of the start-up ecosystem and fostering innovation. The article suggests that South Africa's retirement industry, with its significant assets, could be
SOUTH AFRICA'S COMPETITION AUTHORITIES AND THE DEVELOPMENT OF E-COMMERCE
According to Mamongae Mahlare, the CEO of Takealot Group, it is crucial for South Africa's competition authorities to support the development of e-commerce rather than hinder it. This statement was made during an interview with the TechCentral Show, highlighting the need for a favourable regulatory environment that promotes the growth of the online retail sector.
TIKTOK’S NEXT BIG ACT: TAKING ON AMAZON
In a shophouse located in Northeast Jakarta, a unique scene unfolds. Salespeople, numbering in the dozens, take turns showcasing and selling various products such as cosmetics, contact lenses, and hair accessories. Inside, a woman assists a potential customer in selecting the perfect shade of lipstick to complement her skin tone, while a man enthusiastically announces
KOMATI OVERHAUL SHOWS WHERE ESKOM IS HEADED: GORDHAN
Public Enterprises Minister Pravin Gordhan emphasized the significance of the Komati power station as a practical example of South Africa's commitment to the "Just Energy Transition." In addition to being a model for this transition, the power station also offers insight into the future of Eskom, South Africa's state-owned electricity utility. Following its decommissioning in
Transnet unable to use 700 locomotives
Transnet has been struggling to use 700 locomotives from its current stock due to a lack of spare parts and maintenance. Transnet Freight Rail chief commercial officer, Bonginkosi Mabaso revealed that the primary challenge is the lack of spare parts and an inability to maintain Transnet’s locomotive fleet, in an interview with Newzroom Afrika. Mabaso
Telkom grows in 5G adoption, reaching over 8m South Africans
Telkom is getting growth in 5G adoption among local customers, despite the local industry being marred by several barriers to implementation. Launching the fifth-generation technology in partnership with Huawei back in October, the telecoms group became the latest telco to step into SA’s increasingly competitive 5G market. During that time, the company revealed that it
4 200MW renewable in energy bids approved by Nersa
The National Energy Regulator of South Africa (Nersa) has given the green light to a generation of licences for five preferred bidders of the Department of Mineral Resources and Energy's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The five selected bidders were approved at the department’s Bid Window 6 at the regulator’s meeting on
100,000 of jobs at stake due to visa mess
The gridlock that is affecting work-permit applications in South Africa is currently limiting expansion by German companies in the country and its threatening operations that support 100,000 jobs. Since South Africa is working to improve an approval system to make it easier and quicker to get permits, the snarl-up that was exacerbated by the Covid-19