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A judge has barred a class-action lawsuit against Twitter based on severance pay
The decision requires laid-off employees to pursue their claims in individual arbitration. Twitter obtained a judgement that requires a group of laid-off employees who are suing the firm over their severance payouts to pursue their claims in individual arbitration rather than via a class-action lawsuit. Hundreds of employees who were fired off after Elon Musk
Thoko Didiza establishes a task force to examine the impact of power outages on the food and farming industries
Industry executives have raised concerns about food security as a result of the unpredictability of load-shedding. Thoko Didiza, Minister of Agriculture, Land Reform, and Rural Development, will assemble a task force to examine the impact of load-shedding on the agriculture, food, fibre, and beverage industries. This follows a meeting on Friday with sector executives to
MTN Ghana has been slammed with an R13 billion penalty for overdue taxes
Carrier claims it opposes the assessment's "accuracy and basis" and intends to contest it. According to the parent company, the Ghanaian unit of South African telecom provider MTN Group has received a bill for overdue taxes totaling $773 million (R13 billion), including fines and interest costs. The Ghana Income Authority issued the bill to MTN
Analyst: Stage 8 load shedding might become a new reality
According to an energy expert, Stage 8 load shedding may become a new reality, implying that South Africans would be without electricity for more than 12 hours every day. Mzansi, prepare for more gloom! According to energy expert Lungile Mashele, Stage 8 load shedding is on the way, which implies that people would be without
South Africa's digital banking conflict
South Africans who wish to create a bank account without having to visit a branch have numerous options. Bank Zero, Discovery Bank, and TymeBank are the three biggest banks in South Africa with digitally oriented offers that operate without physical locations. TymeBank is by far the most popular alternative in terms of raw numbers, with
Transnet, SIU & Swiss company Liebherr reach an agreement over crane tender
South African railway agency Transnet has reached an agreement with Liebherr which is a Swiss-based manufacturing company. The agreement between Liebherr is about the irregular awarding of two tenders regarding the supply of cranes to Transnet. News24 has it that the Special Investigating Unit (SIU) and Transnet have reached a settlement agreement with Liebherr, a
DStv will launch its first new channel in 2023
Later this month, DStv will receive Qwest TV, a new music-focused channel. In a tweet on Thursday, the satellite TV broadcaster confirmed the channel's arrival. Qwest TV predominantly includes R&B, soul, and jazz music chosen by Quincy Jones, a prominent American record producer and musician, and guest curators. The channel bills itself as a “hand-picked
South Africa is on edge as Eskom raises its prices
Energy regulator Nersa's decision to allow power supplier Eskom an almost 19% price increase for energy tariffs in South Africa will send shockwaves across the economy, and consumers and companies will suffer as a result. This is the warning from many sectors of society, including authorities in the country's largest cities and analysts who observe
South Africa mourns the passing of political stalwart Frene Ginwala
The African National Congress and South Africans are mourning the passing of struggle stalwart Frene Ginwala. Ginwala, the first speaker of parliament served under former president Nelson Mandela, passed away on Thursday. Labelled as one of the pre-eminent midwives to the country’s constitutional democracy, Parliament has mourned the passing of its founding Speaker, in a
Nersa increases electricity tariff by 18.62% & irks opposition parties such as the DA
Following the decision to hike the electricity tariff in South Africa by the energy regulator, Nersa, president Cyril Ramaphosa said his hands are tied. Speaking on Thursday after the decision was made, the head of state said, through his spokesperson Vincent Magwenya, that Eskom needs money. Magwenya reacted to the news that the South African
Best financial management software for businesses in South Africa
One of the defining characteristics of a company is how it handles money, which includes cash flow, accounting, financial planning, and compliance, and numerous firms offer all-encompassing financial management software. SAP, Oracle, and Workday are some of the greatest financial management software suppliers, and their solutions may assist South African firms simplify their financial management.
Microsoft provides employees with unlimited vacation days
According to The Verge, Microsoft will provide its employees with limitless leave days in the United States. It referenced an internal message delivered to staff on Wednesday by Microsoft chief people officer Kathleen Hogan. The new unlimited vacation policy is known as "Discretionary Time Off," and it applies to all paid Microsoft employees in the
CONSUMERS WAIT FOR NERSA'S DECISION ON THE ESKOM PRICE HIKE APPLICATION
If Eskom gets its way, households and businesses may face increased energy bills beginning in April. South African consumers await the National Energy Regulator of South Africa's (Nersa) decision on Eskom's revenue proposal with bated breath. If Eskom gets its way, households and businesses may face increased energy rates. The electricity company proposes a 32%
Jack Ma: tycoon who soared on China's tech dreams grounded by regulators
Since a Communist Party crackdown reduced his empire, Jack Ma, the unorthodox billionaire founder of digital giant Alibaba and the icon of China's entrepreneurial prowess, has stepped out of the spotlight. Ma, the most recognisable face in Asian business, has seen his fortune plummet by about half, to an estimated $25 billion, after regulators cancelled
Homeowners should brace themselves for another interest rate increase this month
Property owners in South Africa may have to pay extra on their house loan instalments at the end of this month, as the repo rate is expected to rise again. The best-case scenario forecast predicts a 0.25% rise, while the worst-case scenario predicts a 0.75% increase. The present interest rate of 10.5% will be raised
Analyst predicts Stage 7 load shedding
South Africans should anticipate load shedding to worsen in 2023, according to Intellidex analyst Peter Attard Montalto, who predicts stage 7 – or greater – load shedding by the middle of the year. Attard Montalto told The Money Show on 702 that load shedding remained one of the biggest threats for South Africa in the
Mmusi Maimane lashes out at government on 30% Grade 12 mark saga
Basic education minister Angie Mostshekga has come under fire as she moved to counter the idea that to pass Grade 12, learners must obtain 30%. BusinessTech Africa has discovered that Motshekga said that the “30% pass mark” is a myth that gets perpetuated each year, adding that no such single pass mark exists. In previous years,
Cape Town tourism registers impressive numbers in December
Word coming from Cape Town is that the city’s tourism is well on its way to recovery to post-pandemic figures, according to tourism leaders in the Mother City. This is underpinned by preliminary statistics received from Airports Company South Africa (Acsa) as recorded by the Cape Town International Airport. The CTIA recorded 266 656 international
Eskom has implemented stage 6 load shedding till further notice
Eskom will begin stage 6 power shedding at 16:00 on Wednesday and will continue until further notice. The utility stated that the continuous stage 6 load-shedding was necessary owing to significant generating capacity constraints. At the time of the release on Wednesday afternoon, Eskom had 18,041MW of capacity unavailable owing to breakdowns, with another 5,739MW
Hyundai unveiled the Ioniq electric automobile, which can walk like a crab
Following its debut at the Consumer Electronics Show (CES) in 2018, Hyundai has implemented e-Corner into an Ioniq 5 EV on exhibit at CES 2023, according to Engadget. While it is anticipated that the technology will not be available in production vehicles for some time, its incorporation in the Hyundai EV is a significant step