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Anglo American denies any wrongdoing regarding poisoning accusations in Zambia
Mining giant Anglo American South Africa has reacted to the claims that it turned a blind eye to lead poisoning in Zambia. Anglo American argues that an attempt is made to ensure the mining company is held responsible for what it did not do in the mining town of Kabwe. The ongoing case, a hearing
Johannesburg City Power decries vandalism as it runs out of mini-substations
Johannesburg power supplier, City Power says it is unable to maintain its high demand for electricity due to infrastructure vandalism. City Power announced that it cannot keep up with the high demand for mini-substations owing to the higher stages of load shedding, and is losing an average of two mini-substations a day owing to theft
Mr price announces plans to dump Eskom and look for alternative power sources
Durban-based household and clothing store Mr Price is planning to roll out backup power to all its stores by the end of March 2023. The group’s chairman Nigel Payne has since labelled the ongoing energy crisis as untenable as Eskom continues to implement load shedding. Mr Price also announced that it is on track to
Heineken’s acquisition of South Africa’s Distell will see a new brewery for KwaZulu-Natal
Dutch beer maker Heineken’s acquisition of South African beverage producer Distell is set to see the company investing R5.5 billion into the economy. According to the information landing through to BusinessTech Africa, is that the Competition Tribunal has heard that Heineken and Distell’s merger will boost the local economy. This comes as the Tribunal started
South Africa has a new wine body to cater for producers and trade interests
The South African wine industry is expected to have a new central body, SA Wine NPC, and the body will represent the producer and trade interests. The body will be introduced in June 2023 and that is according to media reports coming through to BusinessTech Africa. The introduction of a new body comes amid concerns
US technology giant Microsoft to cut 11 000 jobs in the United Kingdom
United States-based technology giant Microsoft is set to cut thousands of jobs if media reports are anything to go by. BusinessTech Africa understands that Microsoft workers in the United Kingdom could find themselves without jobs in the near future. Established by American businessman and author, Bill Gates, the company specialises in software for computers, laptops,
As South Africans demand answers, Ramaphosa convenes a special meeting on load shedding
President Cyril Ramaphosa will convene a special meeting of the President's Coordinating Council (PCC) on Friday to address South Africa's ongoing energy crisis. Since the beginning of the year, the country has been subjected to nonstop load shedding, with rolling blackouts reaching level 6 for over a week. Load shedding is currently alternating between stages
DStv's approach to competing with Netflix and Disney+
MultiChoice CEO Calvo Mawela stated that the company is marketing itself as the "home of local and sport" as a difference in the streaming industry. Mawela spoke with Fifi Peters of CNBC Africa during the World Economic Forum's annual gathering in Davos. Streaming services such as Netflix, Disney+, and Apple TV+ are increasing their competition
Microsoft and Meta support Google in the event that it could change the Internet
In a flurry of court arguments filed Thursday in a Supreme Court lawsuit that may radically change the way the Internet operates, Meta Platforms Inc., Microsoft Corp., Twitter Inc., and other internet giants flocked to Google's defence. The internet industry is encouraging the Supreme Court to tread lightly in Gonzalez v. Google, a case centred
Twitter is being sued by unpaid specialists recruited for the legal battle against Elon Musk
Twitter Inc. has been sued by a consulting business that claims it is owed around $2 million for services related to its lawsuit to compel Elon Musk to finish his takeover of the social media platform. Charles River Associates filed a lawsuit against Twitter in state court in Boston on Thursday. The firm stated that
Netflix co-founder resigns as CEO
Reed Hastings, co-founder of Netflix Inc., is stepping down as CEO of the firm he has headed for more than two decades, handing the post to his two close allies, Ted Sarandos and Greg Peters. Sarandos, who was previously co-CEO, is the company's public face in Hollywood, while Peters, who was formerly chief operating officer,
CLASS OF 2022: Free State tops the charts with 88.5% pass rate
The wait is finally over as the Minister of Basic Education Angie Motshekga announced the Matric results for the academic year of 2022. Motshekga’s department hosted the media and provincial MEC’s including the learners in Johannesburg on Thursday evening as she announced the results. Topping the list is the Free State province which scored an
From View Counts to Verification Here’s Every Twitter Change Under Elon Musk
Since Elon Musk purchased Twitter in October, the social media network has made several changes to the user experience, including a revamp of the authentication process and a focus on "free speech." Elon Musk has made a number of modifications to Twitter since his widely publicised — and contentious — acquisition of the network in
How much does it cost to send a child to private school vs public school in South Africa?
Many South Africans are struggling to prioritise saving for their child's education in the face of escalating school costs, a worsening cost-of-living issue, and many years of recession and pandemic-related instability. Given these challenges, many parents in 2023 are contemplating alternatives to traditional schooling, such as the rapidly expanding possibilities of online and homeschooling. This
Pay cutbacks at the Post Office, while the CEO gets R4 million – it's past time to make tough decisions
The South African Post Office has said that it is overstaffed and that personnel expenditures must be reduced in order to avoid forced retrenchments. It responded in a statement to charges made by the DA's Dianne Kohler Barnard on Wednesday that the Post Office intends to effectively slash worker pay by 40% while CEO Nomkhita
Reserve Bank is experimenting with 'digital rand' in South Africa
The South African Reserve Bank (SARB) says it is still studying and testing a central bank digital currency (CBDC), but it is focusing on a specific use case and is not looking to be a world leader in the format. Speaking on a panel at the annual World Economic Forum (WEF) meeting in Davos, Switzerland
Genesis, a cryptocurrency firm, is preparing to file for bankruptcy
According to persons familiar with the situation, Genesis Global Capital is preparing to file for bankruptcy as soon as this week. In the midst of a liquidity crisis, Digital Currency Group's bitcoin lending subsidiary has been in discreet discussions with numerous creditor parties. Bloomberg previously reported that it has warned that if it is unable
Microsoft laying off 10,000 employees, will cost R20 billion
Microsoft Corp. announced plans to reduce 10,000 employees, or approximately 5% of its staff, in order to deal with an increasingly grim future that has left many of the technology industry's top brands battered. According to a corporate filing, the business will incur a $1.2 billion (R20 billion) charge in the second fiscal quarter due
Businesses in South Africa will benefit from load shedding alleviation
The Department of Small Business Development is collaborating with partners to develop an energy relief package for Small, Medium, and Micro Enterprises (SMMEs) in order to mitigate the destructive impact of load shedding on small enterprises. SMMEs are especially heavily effected by ongoing power outages since many cannot afford alternate power sources such as generators.
Elon Musk's Twitter debt repayment strategy is fraught with uncertainty
According to all reports, including Elon Musk's, Twitter has more than enough cash to make its first interest payments, which are likely to total $300 million. However, with the payment deadline nearing, there is considerable concern about what the impulsive billionaire would do to alleviate the social-media company's $12.5 billion debt burden. Yes, Musk stated