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Cell C owes R31 million to the landlord
According to Attacq's findings for the six-month period ending 31 December 2022, R31.1 million of Cell C's overdue rent would not be collected. Cell C rents its facility from Attacq, a real estate investment company (REIT), and has been having financial difficulty in paying its rent. The Cell C facility had three structures: a walk-in
Why Is Branding Crucial for Every Business?
You've registered your company, obtained your tax ID, and purchased your domain. What happens next? I strongly advise you to begin with branding and your logo. Branding includes a few components that can be difficult to get right, but when done well, it can dramatically increase your sales. Redoing your branding after you've established your
Finally, some power station improvements, according to Eskom
According to Eskom interim CEO Calib Cassim, the performance of some of its coal-fired power facilities is improving, which bodes well for Eskom's goal of attaining 70% availability by fiscal year 2025. Yet, the utility appears to have little prospect of meeting the 60% objective by the end of this month. In the evening of
Bad News for Urban and Industrial consumers as electricity goes up by 19%
After approving an 18.65% price increase for Eskom in January, the national energy regulator Nersa has now authorised an 18.49% increase for municipalities. The rise will take effect for Eskom's regular tariff consumers on April 1, 2023, and for municipalities on July 1, 2023. Nersa stated that essential industrial and urban customers will get an
South Africa's new diesel tax break comes with a significant catch
The National Treasury's fuel tax rebate for food makers is proving to be quite difficult – and not as wide as first anticipated. Finance Minister Enoch Godongwana indicated during his 2023 Budget Address that, due to the prolonged energy crisis and the catastrophic impact of load shedding on South African enterprises, exemptions afforded to some
What is Web3?
The internet is made up of machines all around the world that are linked together, ranging from laptops to small sensors. The World Wide Web is the software that we use on the internet to help us explore, access, and utilise resources or 'content' – data files that can range from films to text documents
South Africa has hit a new low, and things might get worse: The Reserve Bank
According to Rashad Cassim, deputy governor of the South African Reserve Bank, South Africa is presently suffering the lowest growth episode in its modern history, and the country's development prospects might see living standards fall much worse (SARB). The constable stated at a recent central banking conference in Cape Town (14 March) that the previous
Eskom's 19% price increase has been approved, which is terrible news for urban and industrial consumers
The South African National Energy Regulator (Nersa) has given Eskom final authority to execute an 18.65% average energy pricing hike. Nersa stated that its decision on Eskom's Retail Pricing and Structural Adjustment application was taken at a meeting on March 10, 2023. Eskom has submitted a new proposal on March 2, 2023, with a lower
SpaceX's Starlink satellite-to-cellular service receives early certification
Preliminary clearance was given by US authorities to guidelines for delivering phone calls via direct linkages to satellites, a potential $30 billion industry that has drawn Elon Musk's SpaceX and competitors such as AT&T Inc. partner AST SpaceMobile Corp. By a 4-0 decision Thursday, the Federal Communications Commission conditionally authorised regulations for the service, which
Bitcoin has reached its highest price in nine months
The cryptocurrency market rose as attempts to strengthen the banking system and expectations that the US will begin decreasing interest rates later this year boosted investor confidence. Bitcoin, the most valuable token, surged as much as 4.9% to over $25,610 as of 10:45 a.m. in Singapore on Friday. Second-placed Ether gained about 3%, while smaller
In terms of flight pricing in South Africa, FlySafair outperforms Lift and Airlink
According to a MyBroadband research, FlySafair is the cheapest domestic airline in South Africa, and by a significant margin on some routes. On the Johannesburg-Cape Town and Johannesburg-George routes, the airline charges R840 and R566 less than its nearest rival. While still less expensive than the others for travellers travelling between Johannesburg and Durban, the
South Africa's cheapest bank accounts
According to a MyBroadband examination of a basket of transactions, Bank Zero provides the cheapest low-cost banking service in South Africa. All of South Africa's main conventional and digital banks provide low-cost entry-level accounts for people who prefer a pay-as-you-transact approach to products with higher monthly administrative costs. Bank accounts with monthly costs of less
Rand Water to invest R28 billion in 12 reservoirs to secure Gauteng's water supply
Rand Water intends to build 12 reservoirs at a cost of R28 billion over the next five years to ensure Gauteng has enough water by 2028. Water and Sanitation Minister Senzo Mchunu revealed this on Tuesday at a media briefing on the situation of water services in Gauteng and interventions to solve the supply of
What are the limitations of today's technologies?
How technologically obsessed are you? Do you spend your entire day on your computer or on your phone? Conversely, can you confidently state that technology does not play a significant role in your life? Those of you who said the latter are mistaken. If you're reading this lesson on a computer, it's safe to say
Future technology: 10 ideas that will transform the world
The future is approaching, and it will arrive sooner than you think. These coming technologies will alter how we live, care for our bodies, and help us avoid a climate calamity. In today's society, technology advances at an alarmingly quick rate. It may often feel as though new technology and breakthroughs are introduced every day
<a><strong>Use HUAWEI to celebrate the perfect long weekend with family and friends</strong></a>
Human Rights Day is observed in South Africa on March 21. The public holiday falls on a Tuesday, making it the ideal time to make the most of the long weekend. You can take a vacation from your everyday routines to visit new locations, participate in new activities, or simply relax with family and friends.
Absa shines in sustainable finance awards
Absa Corporate and Investment Banking (CIB) was recognised as Africa's finest Pan-African corporate finance and investment bank at the 2023 Bonds, Loans & ESG Capital Markets Africa Awards.The bank was named Bank Treasury & Funding Team of the Year, West Africa Investment Bank of the Year, and ESG Loan Deal of the Year for the
Farm with a View: How Drone Technology is Transforming Agriculture
Drones are an increasingly common technology with a wide range of applications. Drone-based shooting of an event, such as an outdoor wedding, or acquiring drone-based footage to highlight for the sale of a home or other property, is becoming more common. On the more contentious side, drones are increasingly being used in modern military and
What is GPT-4, and how is it different from ChatGPT?
OpenAI's most powerful AI model ever can tell jokes and write bar examinations, but can it also inflict harm? GPT-4, the latest release from OpenAI, is the most powerful and stunning AI model ever from the firm that brought you ChatGPT and the Dall-E AI artist. The system can pass the bar exam, answer logic
As wage negotiations for 2023 heat up, public sector strike comes to an end
Striking public sector unions have put off their demonstrations for the time being after striking an agreement with the government in salary negotiations until 2022. But, discussions for the fiscal year 2023 are expected to heat up, with all unions maintaining strong in their pursuit of double-digit compensation hikes. On Tuesday, the National Education Health