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MTN registers massive growth in Rwanda in the midst of MoMo boost
Information coming through to BusinessTech Africa is that Africa’s largest mobile telecoms operator, MTN, has reported growth in Rwanda. Dubbed the continent’s largest mobile operator has registered growth in its ninth-biggest market by subscribers. The growth is recorded as more than a fifth for its year to end-December amid strong demand for its Mobile Money
<br><strong>Dr Naledi Pandor, Ellen Johnson Sirleaf, Elsa Majimbo, Aya Chebbi and Nomcebo Zikode join #LWS2023 speaker line-up</strong>
More than 50 speakers will share ground-breaking ideas on this year's subject, Women 3.0: The Icons and Ideas Transforming Africa, at what is shaping up to be the largest FORBES WOMAN AFRICA Leading Women Summit yet. The 8th FORBES WOMAN AFRICA Leading Women Summit will be held on March 8, 2023 (International Women's Day) at
<strong>FNB delivers excellent interim results, boosted by customer, transactional and deposit growth</strong>
FNB, recently named the World's Strongest Banking Brand by the Brand Finance Banking 500 2023 report*, has achieved strong interim results for the six months ending December 31, 2022. Solid client, transactional, and deposit growth drove the bank's results. The outcomes are the consequence of recent investments to modernise FNB's brand and digital interfaces, as
Summer season boosts Western Cape province and creates 167 000 jobs
The recent summer season has helped to boost tourism and the economy in Western Cape and that is the announcement from the city’s official. Dubbed the “cooking” summer holiday season in South Africa’s Western Cape province in its entirety, the season spurred a surge in hiring. The coastal region created 167 000 jobs in the
South African Post Office closes 92 branches, affecting social grant payments
Just weeks after the national budget speech regarding social grants, the South African Post Office has closed 92 branches. It is reported that some of the branches are closed because 50 of them owe rent to landlords and that is a blow to social grant beneficiaries. This was according to the opposition party, the Democratic
Black Label Beer and Brutal Fruit do well for AB InBev as they record SA volumes
South African Breweries has announced its total full-year volumes for its parent, Anheuser-Busch InBev (AB InBev), after beer market share moved ahead of pre-pandemic levels. SAB is the local unit of global brewing giant AB InBev and announced on Thursday that focused commercial investment helped drive its performance. Fin24 has it that consistency in executing
MultiChoice reach agreement to sell Showmax to NBC Universal owners, Comcast
MultiChoice has announced a new partnership with Comcast, and the deal will see the owner of NBC Universal and Sky take a 30% stake in its streaming platform Showmax. As the owner of DStv, MultiChoice said a new version of Showmax with US technology and a plethora of new content will be launched very soon.
Businesses may now purchase ChatGPT integration from OpenAI
As it pursues commercial applications for the immensely popular chatbot, OpenAI is making its ChatGPT tool accessible for enterprises to include into their own apps. ChatGPT was released to the public in November, and the firm is now selling paid access to organisations and developers that want to leverage the software's capacity to answer queries
Tesla shares plummeting as Elon Musk's new Master Plan falls short of expectations
Elon Musk's much-anticipated third Master Plan for Tesla Inc. disappointed investors by failing to provide any clear details on the company's long-awaited next generation of electric vehicles. The four-hour presentation was big on Musk's goal of building the next phase of Tesla's development around a sustainable energy future by moving into goods like heat pumps,
Eskom is rapidly running out of load shedding levels
Current statistics indicate that Eskom would run out of load shedding stages around August 2023 unless major actions are made. According to Pieter Jordaan, an independent energy expert, the daily mean load shedding stage – or average stage for the day – has been continuously growing since July 2022, when it closed at stage 4
Thus far in 2023, this is the number of Businesses that have closed in South Africa
In January 2023, South Africa had 81 business liquidations, a 32.5% decrease from the 120 enterprises that closed their doors in January 2022. According to Statistics South Africa (Stats SA), the number of corporate liquidations declined by 42 instances over this time, while liquidations of closed companies climbed by three cases. According to Absa economists,
Purchasing Managers’ Index (PMI) ) fell sharply to 48.8 index points in February from 53.0 in January
The seasonally adjusted Absa Purchasing Managers' Index (PMI) declined dramatically from 53.0 in January to 48.8 in February. The headline indicator went below the neutral 50-point level for the first time since September 2022, indicating a significant deterioration in industrial business conditions. Furthermore, both the business activity and new sales orders indices were in contractionary
The role of internal audit in fighting corruption in government and private sector
Several obstacles have arisen in recent years, including the unplanned and unpredictable disruption of the Covid-19 worldwide pandemic, which has changed the way we work, live, and interact. South Africa has lately experienced load shedding, as well as numerous other governance concerns that the audit function may strive to address. Due to the implementation of
WhatsApp set to introduce four new changes to the messaging application
BusinessTech Africa has gathered that there are proposed changes coming soon for WhatsApp and some of the changes are being tested. The social media communication application or instant messaging app has several new features in the pipeline, with a handful of betas currently under testing. According to the data service WABetaInfo, some of the latest
Elon Musk reclaims spot as number one richest person in the world
South African-born businessman Elon Musk is back at the top of the ranks as the world’s richest man. Musk returns to the summit as he reclaimed his place and that is according to the latest rankings issued by Bloomberg. The Tesla CEO was unseated from the top spot by Bernard Arnault, CEO of French luxury
Dlamini-Zuma issues Eskom load-shedding disaster regulations
Nkosazana Dlamini-Zuma, Minister of Cooperative Governance, gazetted legislation for South Africa's national state of disaster due to the energy crisis. The regulations specify that "critical electronic communications and broadcasting infrastructure" is required. It gives cabinet ministers the authority to provide load-shedding exemptions for this critical infrastructure. However, the authority to provide exclusions is limited. Load-shedding
South Africa's unemployment rate decreased
Statistics South Africa has released the Quarterly Labour Force Survey (QLFS) data for Q4: 2022, which show a slight decrease in the country's unemployment rate. The official unemployment rate fell by 0.2 percentage point in the fourth quarter of 2022, from 32.9% in the third quarter to 32.7%. According to the extended definition of unemployment,
New 'travel pass' distributed to all South African airports
The South African Revenue Service (SARS) has stated that the new online passenger declaration system, which gives a travel permit through email, will be introduced at all of the country's airports. According to SARS, the new technology was successfully trialled beginning on November 29, 2022, as phase 1 of the initiative at King Shaka International
<strong>Young Philanthropist Thobile Nyawo of Isambane Energy Offers Solution to Ongoing Loadshedding Crisis in South Africa</strong>
While politicians, senior energy sector stakeholders, analysts, and activists continue to debate and fight over what is going on at Eskom and the impact of loadshedding on citizens, Thobile Nyawo, a young philanthropist and serial entrepreneur of Isambane Energy, is proposing a solution that ordinary citizens can use to deal with the ongoing crisis. For
<strong>Average take-home pay down again in January</strong>
Challenging economy continues to take a toll on salary payments According to the BankservAfrica Take-home Pay Index (BTPI), the average nominal take-home pay fell again in January 2023 as the adverse economic situation persisted, impacting enterprises working under high-pressure conditions caused by continuing power shedding and growing prices. “The average nominal take-home pay for January