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Analytico unveils three fastest mobile data speeds in SA
According to the latest research conducted by Analytico, it reveals that top mobile speed tests in South Africa are approaching gigabit speeds. The research company’s findings unveiled the three fastest tests done on each mobile network in South Africa using both Android and iOS devices. Vodacom South Africa claimed the victory on both platforms, with
FNB in a quest to skill youth in technology and data analytics
First National Bank has announced that it will provide 250 youth with work experience in fields such as information technology, commerce, data and analytics, and engineering in its annual graduate programme. One of South Africa’s major banking institutions, FNB released a statement, saying youth employment and skills development continue to be big challenges in South
S&P Global Ratings puts Eskom’s debt assessment on a positive
Eskom has been boosted following the news that S&P Global Ratings has put the power utility's debt assessment on positive watch. This means the ratings agency may upgrade South Africa’s state-owned power utility despite ongoing power cuts in South Africa. News24 Business reports that the move follows the announcement last month that the embattled power
Power cuts hit MTN towers compared to 'poor' Nigeria
MTN is one of the worst-hit mobile telephone companies as the growing number of power cuts continue to cause devastation. The power cuts have caused MTN’s network availability in South Africa to drop below levels in Nigeria, a country where electricity from the national grid is virtually non-existent. Several mobile operators have seriously struggled as
Old Mutual targets share buyback of up to R1,5 billion
Life assurance and financial services group Old Mutual has upped its annual dividend and also announced aims of a share buyback of up to R1,5 billion. In its annual results for the year ended December 31, 2022, the Cape Town-headquartered company said it had earmarked between R1bn and R1.5bn for return to shareholders as a
Microsoft reaches agreement with gaming company Boosteroid
Computer software company Microsoft signed a 10-year licensing deal on Tuesday with an aim to bring Activision's Call of Duty franchise to cloud gaming provider Boosteroid's platform. This is a move partly aimed at allaying competition concerns over its Activision acquisition per a report by Reuters. BusinessTech Africa understands that the Activision bid announced in
Kropz secures R285m funding from African Rainbow Capital
Emerging African phosphate miner Kropz has secured R285-million in bridge loan facilities from the African Rainbow Capital (ARC) Fund. The finance is meant to fund the immediate and additional near-term requirements as it progresses commercial sales. Kropz is a phosphate producer and developer located in South Africa, it reported that it sold a further 20
Continuing power crisis hampers growth in agriculture
There are mixed fortunes in various sectors of the South African economy and growth in the agriculture industry is subdued in the first quarter of the year. This is caused by a potential recovery later in the year, Agricultural Business Chamber(Agbiz) chief economist Wandile Sihlobo said. “The available soft insights suggest that near-term growth prospects
Rate increases and a weak economy have put South Africa's commercial property in a rut
Although brokers are more optimistic in the commercial property market than they were last year, an economic slowdown and 375 basis point interest rate rises since late-2021 may have begun to catch up with the market, according to John Loos, FNB's property strategist. According to the bank's Commercial Property Broker Survey for the first quarter
JTI calls for balance in tobacco excise increases to combat illicit trade in South Africa
At JTI, (Jt International South Africa (Pty) Ltd was founded in 1998. The company's line of business includes the retail sale of cigarettes, cigars, tobacco), its believed that predictable and stable tobacco excise increases are necessary. Its also recognized that the products are subject to annual excise taxation by the government. It is crucial that
Eskom decreases power outages; here is a new load-shedding schedule
After regaining some producing capacity over the last two days, Eskom has announced a decrease in load-shedding. Eskom reduces power cuts — here is the updated load-shedding timetable Eskom has announced a reduction in load-shedding after recovering some generating capacity over the past two days. “Load-shedding will be reduced to stage 3 from 05:00 on
Recruiting Multi-Generational Audiences Via Ethical Business Practices
Gen-Z has demonstrated a desire, and for some, a must, to incorporate purpose and ethical standards into the economic sphere. Long gone are the days of Michael Douglas's renowned 1987 film Wall Street, in which the rule of the day was that there were no rules. Today's business professional is graduating from college and pursuing
5 Ways Small Businesses Can Provide Excellent Customer Service
Small Businesses (SMBs) frequently confront the problem of providing large amounts of customer service with limited resources and personnel. But, providing outstanding customer service may help a small firm separate itself from larger competitors and establish a loyal client base. Personal touches provided by a small-business owner are appreciated by customers. More than half (58%)
Eskom load-shedding has reached DStv
MultiChoice, the parent company of DStv, has cautioned investors that it expects to generate lower revenue than expected for the fiscal year 2023. (FY2023). According to MultiChoice, subscriber growth and activity during the FIFA World Cup and the holiday season were insufficient to offset the impact of load-shedding. Although it did not specify how much
NFT support being phased down on Facebook and Instagram
Meta Platforms is discontinuing non-fungible token (NFT) support on Facebook and Instagram, according to Stephane Kasriel, the company's commerce and fintech lead. A business spokesman informed The Verge that testing of minting and selling NFTs on Instagram, as well as the ability to post NFTs on Facebook and Instagram, will be completed in the coming
South Africa's problem with petrol prices
In South Africa, gasoline taxes and profit margins have increased in the last 15 years, with different levies and retail and wholesale margins now accounting for 45% of total fuel price. With the exception of the 2014/15 and 2022/23 fiscal years, year-on-year fuel tax and margin increases have topped the consumer price index (CPI) every
Top-selling smartphones in South Africa have been announced
Samsung's Galaxy A series budget and mid-range smartphones lead device sales at two major mobile networks in South Africa and a prominent general goods shop. MyBroadband spoke with the country's four largest mobile networks, as well as many major online and physical smartphone retailers, about their best-selling smartphone brands and models in the first two
Another hurdle to load shedding for South Africa
According to the head of an agency that procures power from private producers, a scarcity of energy grid connections is a key barrier that must be solved as South Africa looks to expand the production capacity required to stop record outages. Since 2008, the continent's most industrialised country has seen cyclical blackouts due to national
Capitec presently has 20 million clients
Capitec has announced that it has reached a significant milestone, currently banking over 20 million customers. According to the bank's CEO, Gerrie Fourie, this solidifies the group's position as the largest retail bank in South Africa in terms of customer numbers, with a client base greater than the populations of Malawi, Zambia, and the Netherlands.
Expect stronger inflation numbers this month: Absa
According to Absa, South Africa's core inflation rate likely surged at the quickest rate in six years in February, owing to a steep spike in health-insurance costs. According to Absa economists led by Miyelani Maluleke, the core consumer price index, which excludes the impacts of volatile commodities like as food and energy, climbed an annual