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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
PROFESSOR DAYA REDDY APPOINTED AS UCT INTERIM VICE-CHANCELLOR
Professor Daya Reddy has been named temporary vice-chancellor of the University of Cape Town (UCT). This comes on the heels of Professor Mamokgethi Phakeng's dramatic resignation earlier this month. Reddy takes over amid UCT student demonstrations over previous debt. According to UCT spokesperson Elijah Moholola, Reddy will formally assume the job on March 14, 2023,
The new Haval P04, which is larger than a Land Cruiser, demonstrates its immense size
Less than a month after being seen testing in China, an alleged sole official photograph of the all-new Haval P04 has leaked online ahead of sales beginning later this year. American-Chinese The single image shows a slab-sided profile similar to the Ford Excursion and a front fascia reminiscent of previous Ford F-150 generations, and is
Maite Nkoana-Mashabane, ex-minister, resigns as a member of parliament following cabinet reshuffle
Former presidential minister in charge of women, youth, and people with disabilities. Maite Nkoana-Mashabane has resigned from an MP. She is the first of a few ministers and deputy ministers who are anticipated to quit after being removed from the cabinet. Instead of becoming backbenchers in parliament, those dismissed from President Cyril Ramaphosa's cabinet are
The CEO of Transaction Capital sold 40% of his investment In December
David Hurwitz, CEO of Transaction Capital, sold 42% of his almost four million shares in the company a little more than three months ago. The 1.6 million shares were sold on the open market over three days for a total of R50.99 million. This was announced in a seemingly benign release on December 19, during
Johann Rupert's tremendous business empire: all the companies he owns
Johann Rupert is a well-known and successful businessman in South Africa, with stakes in several top South African and worldwide firms. With an estimated net worth of roughly $11 billion, he ranks second on the Forbes African Billionaires List (R205 billion). Johann Rupert and his family are also well-known for their charitable contributions. Thousands of
Has the municipality overvalued your property?
The draft property valuation roll for the City of Johannesburg Metropolitan Municipality is now available for all ratepayers to study. This implies that metro property owners have until the end of March 2023 to inspect and object to the municipality's current assessment of their property. The roll paves the stage for prospective rate and tax hikes for
WhatsApp will replace phone numbers with usernames In group chats
WhatsApp will soon be releasing a new upgrade for group members that will replace phone numbers with usernames in the chat list. Users will now see push names instead of phone numbers if they receive a message from an unknown contact in a WhatsApp group after the new feature update. WhatsApp began releasing a new
Vehicle owners in South Africa must install trackers or risk losing their insurance
Drivers of high-risk cars in Gauteng, KwaZulu-Natal, and smaller interior provinces, according to Old Mutual Insure, must install vehicle monitoring devices or risk losing insurance coverage. This is a response to an increase in the number of insurance claims for specific vehicle models as a result of theft and hijacking. The business and its subsidiaries
Eskom granted exemption to exceed emission limits at Kusile
South Africa's power utility, Eskom has been granted permission by Forestry, Fisheries, and Environment Minister Barbara Creecy to exceed sulphur dioxide emission limits at the Kusile power station. The move is aimed at reducing the country's exposure to load shedding, a situation that has had significant socio-economic impacts on all South Africans. Load shedding occurs
Gravel riding meets MTB style: canyon's Grizl CF SL 7 throwback
Canyon's latest Grizl gravel bike pays homage to the pioneers of mountain biking by combining the iconic 90s MTB looks with a modern gravel bike design. The Grizl CF SL 7 Throwback is a tribute to all that was great and good during mountain biking's pioneering decade, which saw the rise of rigid forks, outrageous
Massmart launches solar power loans through its stores
Massmart, the parent company of Makro and Game, has partnered with credit provider Retail Credit Solutions (RCS) to offer customers a solar energy funding solution. This initiative provides a loan of up to R250,000, which can be released within 24 hours through a convenient application process. The loan will be available in flexible payment plans,
BETI echoes economic activity slowdown in February
Persisting pressures in the economy hurt businesses and consumers After two months of optimistic development, the BankservAfrica Economic Transactions Index (BETI) decreased in February 2023, indicating that the country's economic activity was declining. “At an index level of 131, the BETI for February slipped to October’s level and declined by 1.3% on a monthly basis,
Mozambique announces visa exemption for 28 countries
One of the Southern African nations, Mozambique, announced visa exemption for 28 countries mainly for tourism and business visits as the Council of Ministers approved the decree. The exemption applies to visitors holding ordinary passports and allows for a 30-day stay and it is renewable for an additional 60 days. BusinessTech Africa understands that the
Elon Musk’s cousin drives Tesla from Cape Town to Jozi for 14kms
American businessman Elon Musk’s second cousin, Hilton, recently test-drove the Tesla Model X from Cape Town to Johannesburg where he made stops in various locations to charge his battery. Hilton drove for more than 1400 kilometres to reach his destination and said he stopped about seven times to recharge his electric car. The drive comes
Tech giant Apple introduces ‘shop with a specialist over video’
American phone and computer maker Apple has unveiled what it calls shop with a “Shop with a Specialist over Video” in the United States. The new way of shopping allows shoppers to browse for iPhones online with the help of an employee over a one-way video call. The technology company announced that its staff will
Capitec Bank CEO Gerrie Fourie promises they’ll keep things simple
After 21 years of existence, Capitec Bank has surpassed big players such as First National Bank and Standard Bank. The Western Cape-based banking institution has reached the 20 million customer milestone and that is regarded by CEO Gerrie Fourie as massive. Capitec’s record when it comes to the number of customers beats its 185-year-old rival
Santam buys MTN SA’s mobile telecoms device insurance book
Short-term insurance company Santam has sealed an agreement to buy MTN SA’s insurance book. The deal comes as MTN’s device boasts over 400 000 policies and an annual income of written premium valued at almost R400 million. Dubbed Africa's largest short-term insurer, Santam’s proposal was approved by the Competition Commission in March without conditions, it said
FlySafair announces flights to popular African island Zanzibar
South African low-cost airline operator FlySafair has announced a new route to Zanzibar as it will depart from OR Tambo International Airport. The popular low-cost airline says it has added a new route to its regional roster and the flight will depart from ORTIA to Abeid Amani Karume International Airport in Zanzibar. FlySafair said it
Motorists can expect diesel price drop & petrol hike in April
South Africans can expect petrol price hikes in April and that is the word doing the rounds in the media space. BusinessTech Africa has discovered that a price hike awaits motorists next month, but the price of diesel is expected to drop. According to mid-month data from the Central Energy Fund (CEF), the prices of