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Sigh of relief for Zimbabwe as it registers growth in raw milk production
There is a sigh of relief in the Zimbabwean agricultural sector as it recently reported a rise in raw milk production. According to media reports in the Southern African country, raw milk production rose from 79,6 million litres in 2021 to 91,6 million litres in 2022, a rise of 14,3%. Zimbabwe’s Lands, Agriculture, Fisheries, Water and Rural Development
SARS making progress in combating tax fraudsters – commissioner Edward Kieswetter
South African Revenue Service commissioner Edward Kieswetter has shared an update on fighting tax fraudsters. Kieswetter says SARS was making steady progress in clamping down on tax fraudsters as he attended the budget speech on Wednesday. Speaking on the side-lines of the budget speech in Parliament, Kieswetter revealed that R3 billion was recovered from fraudsters
Eskom CEO Andre De Ruyter leaves the power utility with immediate effect
Just after his teell-all interview with Annika Larsen this week, Eskom has announced that outgoing CEO Andre De Ruyter will step down from his role with immediate effect. De Ruyter has curtailed his resignation as he was expected to leave the struggling power utility at the end of March, but he has decided to leave
Vodacom CEO Shameel Joosub scoops Telecoms CEO of the Year
Vodacom CEO Shameel Joosub has scooped the 2023 MyBroadband Telecoms CEO of the Year accolade. Joosub was voted as the winner because of his excellent leadership at the South African mobile telephone operator. The company has produced impressive results under his guidance and with him at the helm. Candidates for the 2023 MyBroadband Telecoms CEO
Treasury announces relief for motorists regarding fuel and road accident fund levies
In his eagerly anticipated budget speech, Finance Minister Enoch Godongwana announced that the National Treasury will not increase the General fuel and Road Accident Fund levies for 2023. Godongwana tabled his speech on Wednesday, saying there are no major tax proposals in this budget as tax revenue collection for 2022/2023 is expected to reach R1.69
Minister Barbara Creecy orders her department to finalise fishing rights appeals
Minister of Forestry, Fisheries, and the Environment, Barbara Creecy, has told her department to ensure that she is able to conclude the Fishing Rights Allocation Process (FRAP 2021/2022) appeals process by the end of 2022. Creecy said the allocation of commercial fishing rights is central to job creation in South Africa. This website has gathered
Government to increase SASSA grants and extends R350 SRD grants
South African Treasury has unveiled plans to accommodate the increased number of social grant recipients as it upped the expenditure on social grants. The Treasury said it has extended the Covid-19 social relief of distress (SRD Grant) and that was announced by Finance Minister Enoch Godongwana. According to the 2023 Budget document per IOL, expenditure
Minister Enoch Godongwana announces alcohol and cigarette tax hikes in 2023
In his budget speech, Finance Minister Enoch Godongwana has announced an increase in taxes on cigarettes and alcohol. Godongwana said the government will raise taxes on cigarettes and alcohol in 2023 but there is a relief for sugary drinks consumers. The minister delivered his address on Wednesday saying that no major tax developments were being
Embattled SOEs SAA, Post Office & Eskom receive massive bailouts from the treasury
The South African Treasury has announced that state-owned entities, SAA and the Post Office have been allocated a combined R3.4 billion in bailouts. This announcement was made during this year’s budget while the government has prioritised stabilising the power utility. The deepening energy crisis has hit many sectors of the economy and the government will
Eskom CEO Andre De Ruyter on ANC interference at struggling power utility
As he prepares to leave Eskom as CEO, Andre De Ruyter has hit back at the ruling party for seeing the power utility as an ‘eating trough’. De Ruyter said the available evidence shows that the ruling African National Congress (ANC) sees the embattled power utility as means of making money. In a broad-sweeping interview
Telecoms company MTN announces two major appointments in IT and network
South African mobile operator MTN has appointed Rami Farah who will occupy the role of an executive for its network. Farah joins the company from Iran and joined the company on January 01 and it has also been announced that Nomthi Nelwamondo is also joining the operator. Nelwamondo takes the job of an executive for
Sibanye-Stillwater successfully rescues underground workers due to cable theft
Information landing through to BusinessTech Africa is that workers at Sibanye-Stillwater's Cooke operations were successfully evacuated from underground. This follows power lines collapse as a result of theft and vandalism and the company has released a statement. Sibanye-Stillwater announced on Wednesday that Eskom technicians restored the electricity supply to Sibanye Gold operations in Randfontein. This
Kumba Iron Ore decries Transnet’s woes as it affects production outlook
Transnet’s inability to perform to its best is causing severe damage to companies such as Kumba Iron Ore. The mining company said poor logistics performance, including a worker strike during 2022 at Transnet repressed the volume of ore railed to port by 9% to 35.9 million tons. This has hamstrung South African coal and iron
South Africa has reached 7,000MW of load shedding
South Africa has attained an unparalleled degree of power rotation. Eskom dropped 7,045 megawatts from the grid on Tuesday, spokeswoman Sikonathi Mantshantsha said in a tweet. Each 1,000MW signifies a load-shedding level, and according to Bloomberg, Mantshantsha has practically verified that Eskom has progressed to stage 7. It should be emphasised, however, that Eskom has
Discovery Bank named Best Digital Bank of the Year in 2023
Discovery Bank has been named the 2023 MyBroadband Award winner for Best Digital Bank. Discovery Bank was chosen as the winner due to the remarkable features and services provided by its banking app, as well as its outstanding usability and interaction with a range of internal and external platforms. Nominees for the 2023 MyBroadband Award
Apple Watch may be banned in the United States
The prospect of a ban on importation of newer-model Apple Watches into the United States has grown after President Joseph Biden affirmed an International Trade Commission finding on patent infringement (ITC). The ITC reached a final ruling in December 2022 that Apple had infringed on wearable electrocardiogram (ECG/EKG) patents owned by medical equipment firm AliveCor.
Porsche South Africa victim of ransomware attack
Over the weekend, a ransomware assault disrupted Porsche South Africa's Johannesburg headquarters, bringing down some of the company's systems and at least some backups. According to MyBroadband, the attackers encrypted the company's files and locked it out of corporate systems using a relatively new ransomware strain dubbed Faust. According to security analysts, Faust is a
Criminal gangs are attacking cellphone towers in South Africa
Due to the risk of being targeted by thieves, South Africa's mobile carriers are hesitant to identify the providers and brands of the batteries they employ to keep their networks operational during load-shedding. High-capacity batteries are sought after by criminal syndicates because they may command high prices on the illicit market. MyBroadband inquired about the
Good news for everyone in Cape Town who owns a property worth less than R5 million
The City of Cape Town has announced that it would increase the rates and taxes rebate for city property owners beginning in the fiscal year 2023/24. According to the city, the refund for all homes worth under R5 million would increase by 52%, from R285,000 to R435,000. This is in addition to the statutory R15,000
To keep the lights on during Stage 8 load shedding, large enterprises would have to pay R120 million
Tiger Brands, a South African packaged products manufacturer, claims stage 6 to stage 8 load shedding will cost R120 million in additional generating capacity to keep operations running. In its trading statement for the four months ending 31 January 2023, the firm reported a steep increase in pricing, as well as growing expenditures attributable to