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All of the electric vehicles that will be available in South Africa in 2023, including the most cheap yet
In 2023, South Africa will see the introduction of a swarm of new electric cars (EVs). Last year saw the most new electric car models introduced to the local market. In total, 13 new EVs were introduced in South Africa, including new models from three German automotive heavyweights – Audi, BMW, and Mercedes-Benz. According to
Rain is rejected by Telkom
Telkom has told shareholders that it has ended negotiations about Rain's proposed purchase. On September 30, 2022, Rain presented a formal proposal to Telkom, requesting that Telkom purchase it with freshly issued shares. “After initial discussions, but prior to any due diligence, the parties have decided that a suitable transaction is not possible at this
38 jobs in South Africa that pay more than R100,000 per month In 2023
Professional recruiting agency Robert Walters has released statistics from its 2023 South African Salary Survey, revealing which top occupations offer some of the highest wages in the country's main professional areas. According to Robert Walters, the professional environment in South Africa will evolve in 2022, with both employers and employees searching for different attributes in
Another Eskom crisis on the horizon
Opposition party Democratic Alliance (DA) argues that the African National Congress's (ANC) intention to relocate Eskom away from the Department of Public Enterprises to the Department of Mineral Resources and Energy (DMRE) is 'irrational and destructive'. The party agreed with Professor Anton Eberhard that moving Eskom under the DMRE or perhaps a separate energy ministry
This week, South Africa will see a massive increase in electricity prices
When Nersa meets on Wednesday, it is expected to make an announcement on how much Eskom may raise energy rates in 2023. (12 January 2023). The predicted announcement comes after multiple delays by Nersa, which was due to rule on Eskom's bid to raise tariffs by 32% in November 2022. Eskom's September proposal to Nersa
Cyril, Ramaphosa: “Coronavirus Command Councill will meet & discuss subvariant”
President Cyril Ramaphosa has confirmed that the National Coronavirus Command Council would meet to deliberate on measures needed to tackle the new Covid-19 Omicron subvariant, XBB.1.5. The highly transmissible Covid-19 subvariant was detected in the Western Cape last week and he revealed this in an interview with EWN. Ramaphosa said although the subvariant, nicknamed "Kraken",
MTN to offer cash loans through MoMo as it partners with a credit provider
Mobile telecoms operator MTN South Africa has partnered with Lndr, a registered local credit provider, and will offer financial loans. MTN will offer the loan service through its Mobile Money platform, MoMo as it said on Tuesday. Personal loans offered will range from R2 000 to R180 000, with R1 000 of the approved funds
Intercape calls on Ramaphosa to appoint a minister better than Fikile Mbalula
South African bus company Intercape is calling on President Cyril Ramaphosa to appoint a competent minister of transport. The call comes after Intercape CEO Johann Ferreira won the case against minister Fikile Mbalula at the Makhanda High Court. Intercape wants a minister who can do better than Mbalula, someone who is able to bring order,
Tourism sector relieved that Joe Phaahla won’t impose new Covid-19 restrictions
As the country continues to battle the Covid-19 Omicron sub-variant, the tourism industry is relieved there won’t be restrictions introduced. The sector has been assured by health minister Dr. Joe Phaahla who said the South African government would not impose any internal restrictions. Per Independent Media, the XBB.1.5 sub-variant of the globally dominant Omicron variant
More woes for ex-Steinhoff CEO Markus Jooste as the JSE fines R15m
The Johannesburg Stock Exchange has issued two fines of R7,5 million against the embattled former Steinhoff CEO Markus Jooste. Jooste is also barred by the JSE from serving as a director for two decades, due to failures at the helm that prompted SA's biggest-ever accounting scandal. According to the JSE, Jooste has informed the JSE
BMW South Africa apologises for what Ntsiki Mazwai saw as ‘racist’ advert
The BMW advert has led to divisions on social media as Twitter users react to Ntsiki Mazwai’s reaction on it. Mazwai headed to Twitter to lash out at the German car manufacturer for its latest advertisement that she saw as racist. Many social media users also agree with Mazwai that the luxury vehicle maker was
Release of Grade 12 results on track says the Dept. of Education
It’s already back to school time in South Africa as the provinces situated inland are opening schools on Wednesday. During this time, parents are busy registering and finding schools for their children while some await their Grade 12 results. The South African Department of Basic Education has announced it is on track to release the
KZN Sugarcane farmers relieved as they welcome summer heavy rains
Sugarcane farmers in the province of KwaZulu-Natal have expressed relief in the wake of heavy rains last week. The farmers believe the heavy rains will be beneficial to their businesses across the province. According to the South African Farmers Development Association (Safda) executive chairman, Dr. Siyabonga Madlala, he said the recent rains will positively impact
New vehicle sales go up by 13.9% and exports increase by 17.9%
BusinessTech Africa has gathered that new vehicle sales in the domestic market went up by 13.9% in 2022 compared with 2021, says the National Association of Automobile Manufacturers of South Africa. Naamsa says the increase comes on the back of a 22.2% jump in 2021 compared with the previous year, 2020. The 2022 number of
“SA government ready to launch a state bank” – Khumbudzo Ntshavheni
Minister of Communications Khumbudzo Ntshavheni has outlined plans for the government as far as launching a state bank is concerned. Ntshavheni says the embattled Postbank is ready to take up the role of a state bank in the country and plans are already underway to roll out 100 new branches. She said the plans include
Guinness Records: Elon Musk suffers worst loss of fortune in history
After losing billions of money, South African-born businessman Elon Musk has made his way into the Guinness World Book of Records. Musk parted ways with a staggering amount close to $200 billion in 2022, thus becoming a person who lost the largest loss of personal fortune in history. The Twitter and Tesla owner lost approximately $182 billion
Cyril Ramaphosa is concerned with Andre de Ruyter & explains why he resigned
Media reports in South Africa indicate that president Cyril Ramaphosa believes Esakom CEO Andre de Ruyter resigned because the job was tough. The outgoing CEO, de Ruyter will serve in the role until the end of March 2023 as he tendered his resignation at the beginning of December last year. According to News24, de Ruyter
Australia’s Mineral Commodities CEO resigns owing to personal reasons
Australian Stock Exchange-listed minerals company Mineral Commodities has announced the resignation of its CEO Jacob Deysel. Deysel also served as the Managing Director of the company and leaves his position for personal reasons. However, BusinessTech Africa has discovered that Deysel will remain available in an advisory capacity, while CFO Adam Bick will assume the role of interim
SABC News to launch a new 24hr channel that will broadcast in vernacular languages
South Africa’s public broadcaster SABC has announced that it will launch a second SABC News TV channel that will broadcast in vernacular languages. The SABC said it will soon launch a station similar to the existing English-language one on DStv, with news and current affairs programming in vernacular languages. After the SABC relaunched its News channel
iPhone maker Apple to release 15-inch MacBook Air in September 2023
United States technology company and computer maker Apple is reportedly set to release its new 15-inch MacBook Air this year. However, according to Bloomberg's Mark Gurman, the previously rumoured 12-inch MacBook with Apple silicon is no longer expected to launch in 2023, reports Apple Insider. IOL also published that Gurman did not provide any additional details