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Mmusi Maimane opens criminal case against ex-Eskom boss Andre de Ruyter
In the wake of allegations made by outgoing Eskom CEO Andre De Ruyter regarding corruption at the power utility, Mmusi Maimane has opened a case against him. The leader of Build One SA (BOSA), Maimane, on Monday, opened a criminal case against Public Enterprises Minister Pravin Gordhan and former Eskom CEO. Maimane filed the case
Finnish telecoms company Nokia partners with MTN to expand 5G in South Africa
Finnish telecoms company has joined forces with South Africa’s MTN in a move to boost the expansion of 5G in South Africa. Nokia announced the news on Monday and said it has been selected by MTN South Africa for the first time ever as one of its 5G radio access network equipment providers. Mobile Telephone
Petrol and diesel prices to go up in March 2023 announced DMRE
Motorists are set to feel the pinch on Wednesday following the announcement that the price of petrol will go up. The rise in prices comes amid a supply crunch worldwide, the Department of Mineral Resources and Energy announced on Monday night. The price of both 95 and 93 unleaded petrol will be hiked by R1.27
Spar facing legal battle from KZN businessman alleging they ‘were used for BBBEE funding’
Spar is facing a legal battle with allegations surfacing from two KwaZulu-Natal businessmen alleging that the retailer is using them as fronts. IOL reports that the two KZN businessmen are unhappy as they feel the supermarket group is using them to benefit from BBBEE funding. Known as Nhlanhla Makhanya and Sfiso Ngwenya, the duo owns
Eskom spokesperson Sikhonathi Mantshantsha is leaving the power utility
Eskom has announced that spokesperson Sikhonathi Mantshantsha is leaving the struggling power utility and his last day is February 28. Mantshantsha joined the power generator in the last three years and he signed a fixed-term contract with the state-owned company. “Sikhonathi has been the catalyst in Eskom improving transparency and frequency of information sharing, dealing
Fruits SA concerned that more jobs are on the line due to power cuts
Fruits South Africa has lamented the ongoing power cuts and organisation says this will affect many jobs in the sector. According to Fruit SA CEO, CEO Fhumulani Ratshitanga, she said it is not viable to farm and many growers will be out of business. The body said if Stage 6 load shedding persists and is
German carmaker BMW unveils new hydrogen fleet in a pilot project
German automaker BMW has unveiled the first vehicles as the company pilots its hydrogen fleet to enter the service this year. This development comes after four years of development work, the iX5 hydrogen vehicle and the project is entering the next phase as a fleet of just under 100 vehicles will be deployed internationally for
<strong>Absa finances three Wind Energy Projects that reach Financial Close in Bid Window 5 of the South African REIPPP Programme (REIPPPP)</strong>
Absa served as the designated lead arranger and lender for three Red Rocket Energy (Pty) Ltd ("Red Rocket") renewable energy projects, which closed on February 23, 2023. The projects will consist of two 140MW wind farms in the Western Cape and one 84MW wind farm in the Eastern Cape, with a total projected cost of
Nokia gets new logo to remind people that it no longer manufactures phones
Nokia Oyj, a Finnish 5G equipment supplier, has updated its emblem to avoid being associated with mobile phones, a market it left over a decade ago. The brand refresh, launched on Sunday, is accompanied by a series of new strategic pillars aimed at enabling quicker development as the globe progressively embraces fifth-generation mobile technology. “In
ANC threatened to indict André de Ruyter, citing the law
The African National Party (ANC) of South Africa has vowed to indict former Eskom CEO André de Ruyter. In an E-tv interview with Annika Larsen on My Guest Tonight, De Ruyter accused the ANC of systemic wrongdoing at the state-owned electricity provider. Although he did not go into detail, De Ruyter stated unequivocally that the
One of South Africa's largest banks is placing a large bet on solar
Absa negotiated and financed three renewable energy projects, which completed financial conclusion on February 23, 2023. According to Absa, the three projects for Red Rocket Energy Ltd would include two 140MW wind farms in the Western Cape and one 84MW wind farm in the Eastern Cape. The projects are anticipated to be worth R12 billion.
Words to include in your CV to make it stand out
South African job searchers should include certain keywords in their CVs in order to get the attention of companies. PwC, a financial services business, estimates just 200,000 new employment in 2023, reducing its economic growth predictions for 2023 to a baseline scenario of 1.6% in 2023 and an upside scenario of 2.0%. According to PwC,
New entry-level crossover SUV to grace South Africa
The Trendline is a new entry-level version of the Volkswagen T-Cross compact SUV that will be available in South Africa. The Volkswagen car brand, developed in Germany, is quite popular among South African motorists, with the VW Polo being the most well-known model. The T-cross is the Polo's bigger sibling, fulfilling demand for larger SUV/crossover
Warning over South Africa's new national minimum wage
While a rise in the National Minimum Wage (NMW) in South Africa was necessary, the 9.6% increase that was eventually enacted puts small and medium-sized businesses in jeopardy and may spell the end for many. According to Daniel van der Merwe, attorney and National Collective Bargaining Co-ordinator for the Consolidated Employers' Organisation (CEO). Van der
South African buying habits have shifted dramatically
South Africans made a substantial shift to smaller stores and companies as rising gasoline, food, and transportation expenses led households to reduce costly shopping excursions. South Africa's fast-moving consumer goods (FMCG) sales increased in 2022, with smaller merchants thriving despite persistent power outages. The FMCG industry expanded to R547 billion in sales in 2022, a
It’s not that bad- President Ramaphosa on South Africa’s greylisting
According to President Cyril Ramaphosa, South Africa's inclusion on the Financial Action Task Force's (FATF) global grey list is troubling, but "less dire" than others think. The president stated in his weekly message to the nation that the country has gone through a thorough process of correcting the concerns presented by the global financial watchdog,
American Embassy in South Africa issued a warning to stock up on food and water
The US government has advised its nationals in South Africa to stockpile three days' worth of supplies, which should include non-perishable food, three litres of drinking water each day, and medicine and first aid supplies. It also predicts that load-shedding would persist through 2023. The security notice was issued by the US embassy shortly after
Van Ruyter informed Gordhan about two ministers implicated in Eskom wrongdoing
Former Eskom CEO André De Ruyter told Public Enterprises Minister Pravin Gordhan of two cabinet members' alleged participation in a crime that has devastated the company. According to two people involved with a private investigation into the Mpumalanga coal cartels, this is according to the Sunday publication Rapport. In an interview with Annika Larsen on
Twitter laying off even more people
Twitter Inc. lay off additional employees late Saturday in a new round of cost-cutting measures at the social networking business now controlled by Elon Musk. According to those familiar with the matter, the layoffs affected staff across the organisation, including engineering and product. Some employees were informed of their dismissal through email late Saturday, according
Solana blockchain network experienced a protracted slowness
After a technical issue caused an hours-long lag over the weekend, those that administer and maintain the Solana blockchain rebooted the crypto network. It is the most recent in a string of outages, technical challenges, and processing glitches that have plagued Solana since its launch in 2020. After a malfunction triggered a protracted outage in