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US NTSB lashes out at Ethiopian Airlines for a false report on 2019 Boeing crash
The United States National Transportation Safety Board (NTSB) has announced that Ethiopian Airlines lied about the cause of the 2019 crash. The Boeing 737 Max crash killed all the 157 passengers on board as it crashed outside Addis Ababa. According to the NTSB, Ethiopian authorities falsely claimed the jetliner had an electrical failure and the
Even Elon Musk will not be able to revive Eskom, but private power will save South Africa
Even Tesla CEO Elon Musk couldn't save South Africa's struggling power grid and end load shedding. According to Michael Jordaan, former FNB CEO and founder of venture capital firm Montegray Capital. Jordaan was recently interviewed for PSG's Think Big series, where he was asked for his thoughts on how to solve Eskom's challenges. Jordaan stated
Microsoft earnings are high despite a drop in Windows and Xbox sales
Microsoft Corp.'s second-quarter profit above analysts' expectations, aided by growth in its Azure cloud-services division despite a drop in demand for personal-computer and corporate software. In late trade, shares gained more than 4%. In the fiscal year ended December 31, adjusted earnings per share was $2.32, while total revenues increased 2% to $52.7 billion, according
CEO Andre de Ruyter says corruption and coal theft is still rife at Eskom
Outgoing Eskom CEO Andre De Ruyter has lamented corruption that continues to engulf the power utility, saying it is rife in the coal section. De Ruyter’s sentiments come as the country is still experiencing an ongoing power crisis with stage 4 of load shedding currently implemented. The CEO said despite significant control measures being implemented,
Eskom reacts to president Cyril Ramaphosa’s call to halt electricity tariff hike
Electricity supplier, Eskom has hit back at President Cyril Ramaphosa’s request to the power utility to freeze its tariff hike. Eskom released a statement to the media and in its response, the state-owned company says only a court of law can be able to halt the price hike as granted by the energy regulator. It
Haval Jolion: A hybrid electric vehicle is now heading to South Africa
China-made car brand Haval has already unveiled the brand new self-charging SUV, Jolion S Hybrid Electric Vehicle and it is coming to South Africa. With their latest offering, Haval has expanded its hybrid electric vehicle (HEV) and the Asian car manufacturer says the debut of an HEV in the affordable SUV segment is set to
Port of Maputo registers new handling record of 26,7 million tons in 2022
The Port of Maputo has accomplished a new handling record for the year 2022 and managed to register a growth of 20% in the previous year. Media Reports coming from the Southern African nation indicate that the total volume handled last year was 26.7 million tons, compared with 22.2 million tons in 2021. This growth
South African average wage versus iPhone pricing
Purchasing the newest iPhone when it was released in South Africa in 2022 would have cost more than 80% of the average employee's monthly pay. Former Apple CEO Steve Jobs launched the original iPhone in 2007, which boasted a breakthrough smartphone design that has remained the norm to this day. While it was not the
Afriforum is launching its own power firm, with nuclear aspirations in the works
Afriforum, a civil rights organisation, is developing its own power generation firm, with ambitions to build South Africa's first Pebble Bed Modular Reactor (PBMR). Kallie Kriel, the organization's CEO, recently discussed these goals with Sunday newspaper Rapport and online Afrikaans outlet Maroela Media. Kriel stated that Afriforum was already in contact with numerous energy sector
WhatsApp is working on big image quality improvements
According to WABetaInfo, WhatsApp is working on allowing users to exchange original-quality photographs without using image compression. The functionality is included but not operational in WhatsApp Beta for Android 2.23.2.11. When it comes to image quality sent via WhatsApp, users may now pick "automatic," "best quality," and "data saver" from the platform's settings. Even the
DStv and Openview have introduced "anti-load-shedding" channels
South African broadcasters DStv and Openview have announced the launch of "anti-load-shedding" channels that will allow users to catch up on programming missed during a power outage. The channels — DStv's SWITCH'D ON and Openview's Power-UP! — will loop chosen shows, providing viewers with additional opportunities to see primetime programming. SWITCH'D ON will be accessible
Prepaid electricity in South Africa is changing a lot
This year, the cities of Johannesburg and Tshwane will undertake campaigns to upgrade prepaid power metres in the metros. By November 24th, 2024, the country's present prepaid power voucher system will run out of voucher sequences for the unique tokens issued uniquely for each metre. The present Standard Transfer Specification (STS) system, which has been
VIDEO: Disgruntled KZN farmer dumps 11 800 litres of milk due to load shedding
A local dairy farmer is seriously disgruntled as he had to dump litres of milk spoiled because of the ravaging load shedding. The farmer based in KwaZulu-Natal, Ross Stratford, said they are fighting the scourge of power cuts day and night and he headed to social media to outline his pain. Stratford parted ways with
South Africa’s petro-chemical giant Sasol signs three renewable energy agreements
Petroleum giant Sasol has just signed three power purchase deals or agreements for the supply of renewable energy. Sasol is in pursuit of reducing its greenhouse emissions by at least 30% by the year 2030 as per a statement from the company. It has come to the attention of this website that, the petrochemical company
Sale of South Africa’s budget airline Mango hits a snag as potential buyers walk away
BusinessTech Africa has just found out that Mango Airlines could be in trouble after its business rescue practitioner (BRP) warned that the group may have to abandon its rescue plan and start winding down proceedings. In the 14th business rescue attempt for the group, the BRP said that a sudden turn of events had clouded the
Standard Bank chairperson urges African governments to work with the private sector
South African banking giant Standard Bank has called on many African governments to take a step back and allow the private sector to lead the economy. This sentiment was made by Standard Bank chairperson Nonkululeko Nyembezi as she recently spoke at the World Economic Forum in Switzerland. Nyembezi argued that African governments should get out
Vodacom’s 45 000km 2Africa sub-sea cable has arrived in Gqeberha
Vodacom has announced that its 2Africa sub-sea cable has arrived at the company’s network facility in Gqeberha, Eastern Cape. The arrival of the cable marks the third landing on the coast of South Africa of the world’s largest submarine cable system. It is reported that the first submarine cable landing in the Eastern Cape region, for which Vodacom
Finance Minister Enoch Godongwana reveals plans for a state housing bank
Another announcement from the South African government and finance minister Enoch Godongwana is that the national government is looking at launching a housing bank. The state bank will provide loans to the public sector employees and the gap market as he announced in an interview with CNBC Africa at the World Economic Forum’s annual meeting
FNB bags Digital Mobile Virtual Network Operator of the Year award
For its mobile network offering, South African banker FNB has scooped the “Digital MVNO (Mobile Virtual Network Operator) of the Year” award as a joint winner. FNB was recognised at the global MVNO Awards and the winners were revealed at the MVNOs World Congress 2022. The accolade is a glowing endorsement of FNB Connect, which
President Cyril Ramaphosa asks Eskom to hold the tariff hike granted by Nersa
President Cyril Ramaphosa has announced that he had asked Eskom not to implement the power tariff increase of 18.65% granted by Nersa earlier this month. Ramaphosa was delivering his closing address at the African National Congress (ANC)'s Free State conference in Mangaung and admitted that local businesses and households were battling. "I have personally said