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First in Africa, a Durban doctor performs cutting-edge surgery on a chronically ill patient's arteries
A doctor at Lenmed's eThekwini Hospital and Heart Centre performed a medical first for the continent, performing a groundbreaking surgery that will revolutionise treatment for patients living with chronic conditions. Dr. Vinesh Padayachy performed an orbital atherectomy, which sands away calcium or plaque buildup in the arteries that is difficult to remove. A 67-year-old woman
Delta Airlines launches a new direct route between Cape Town and Atlanta
Delta Airlines will launch a new direct route between Cape Town and Atlanta in the United States on Saturday, December 3. Since December 2006, the airline has operated direct flights between Atlanta and Johannesburg. The direct flight between Cape Town and Atlanta will be part of a new seasonal triangular route that will begin with
AIDS orphan Sibu Sibaca driven to empower young women through entrepreneurship
With South Africa and the global community having commemorated the annual World AIDS Day on Thursday, one woman who was orphaned at the age of 16 is changing the world. Sibu Sibaca was orphaned at the age of 16 owing to the ravaging virus, AIDS but that didn’t stop her from making an impact on
Sanlam and Absa have officially formed South Africa's largest black-owned asset manager
Sanlam and Absa have officially joined forces to form South Africa's largest black-owned asset manager. In October 2021, the two companies announced their intention to merge to form an asset management firm second only to Ninety One in size. The combined assets of Sanlam Investments and Absa Investments – which included Absa Asset Management, Absa
Engineering giant ABB to fork out R2,5 billion for state capture involvement
News filtering through to BusinessTech Africa is that the National Prosecuting Authority said ABB is expected to fork out R2,5 billion for taking part in state capture. ABB is a Swiss engineering company, fully known as Asea Brown Boveri (ABB), and is expected to part ways with a staggering R2.5 billion in “punitive reparations to
Coal miner Contango plans to export thermal coal from its Zimbabwe mine
Trading in the London Stock Exchange, Contango Holdings has revealed plans to export thermal coal underway in 2023. Contango Wants to export thermal coal from its Zimbabwe mine next year after a number of pleas from its clients in both Europe and Asia. Mining Weekly reports that the company, Contango said this on Wednesday and
South African finance laws are changing dramatically, with tighter regulations for estate agents, casinos, and cryptocurrency
Enoch Godongwana, Finance Minister, has amended the Financial Intelligence Centre Act (FICA), which affects a variety of financial and non-financial institutions. The National Treasury attempted to patch up legislative gaps in a slew of recent amendments and promulgations after an international watchdog, the Financial Action Task Force (FATF), discovered gaps allowing terrorist financing and money
The ANC responds to Dlamini Zuma's call for Ramaphosa to step down amid the Phala Phala saga: 'She does not speak for the party'
While there was nothing wrong with members of the ANC's National Executive Committee speaking on the findings of the Phala Phala report, according to Pule Mabe, their views did not represent those of the ANC. He was speaking to eNCA after Nkosazana Dlamini Zuma called for President Cyril Ramaphosa to step down in an interview
Rand is under pressure as a result of the findings against Ramaphosa
The rand fell more than 1% to R17.38 today, after closing on a three-month high on Wednesday, as fears that President Cyril Ramaphosa would be recalled gripped markets and frightened investors. This comes after an independent panel of experts appointed by Parliament and chaired by retired Chief Justice Sandile Ngcobo found Ramaphosa may have a
S&P remains cautious on SA due to the Eskom debt transfer, grants, and the 2024 election
Although Standard & Poor's reaffirmed South Africa's credit rating two weeks ago, the government's decision to take over some of Eskom's debt, as well as rising civil servant and social welfare bills, pose credit risks. On November 18, the US credit rating agency affirmed South Africa's 'BB-/B' long- and short-term foreign currency sovereign credit ratings,
Murray & Roberts has agreed to sell its stake in Gautrain for R1.38 billion
Murray & Roberts (M&R), an engineering and construction firm, has agreed to sell its 50% stake in Bombela Concession Company, the operator of Gautrain, for R1.38 billion. The sale to Intertoll, based in Amsterdam, comes amid disruptions to its order book and cash flows. The agreement covers a 33% stake in Bombela held by M&R
Eskom bribery: Multinational ABB to pay SA R2.5 billion for shady Kusile deal
ASEA Brown Boveri (ABB), a multinational engineering firm, has agreed to pay over R2.5 billion in punitive reparations to South Africa for "serious crimes" committed at Eskom during the State Capture era. The National Prosecuting Authority (NPA) announced on Tuesday that its Investigating Directorate had reached an agreement with ABB. "This settlement represents a bold
BREAKING | Phala Phala: As pressure mounts, Ramaphosa tells allies that resigning is not out of the question
President Cyril Ramaphosa's closest allies are meeting at his Tuynhuys office in Cape Town, after he told them he was open to resigning. Top party leaders have been scrambling to figure out what the Section 89 panel report means for Ramaphosa in the immediate aftermath. "He said he is ready to leave," a Cabinet minister
“South Africa can generate an estimated R28 billion from cannabis” – Dep. Minister Gina
Deputy Minister of Trade, Industry, and Competition Deputy Minister, Nomalungelo Gina is of the view that the cannabis sector can play a huge role in poverty eradication. Gina says the cannabis sector has a potential for development for the small, medium, and micro enterprises (SMMEs) located in outlying rural areas where poverty is rooted. Addressing
PRASA in support of copper scrap export ban imposed by SA government
In the wake of an announcement by the South African government to impose a ban on copper scrap metals, the Passenger Rail Agency of South Africa (Prasa) has welcomed the move. The ban is all about curbing the trade of metal scrap, with PRASA saying it believes the move will limit theft of railway assets.
<a><strong>South Africa’s top young scientists to battle it out at the Eskom Expo Finals</strong></a>
Young South African scientists are expected to display their creativity at the upcoming Eskom Expo International Science Fair at the Birchwood Hotel’s OR Tambo Conference Centre. The Eskom Expo International Science Fair will be taking place between 7 and 9 December at the Birchwood Hotel’s OR Tambo Conference Centre, Ekurhuleni. As per a press release
Standard Bank announces the departure of David Munro after 27 years
Standard has been dealt a massive blow following the departure of David Munro who is leaving the banking group after 27 years. Munro leaves Standard Bank after making his return to the South African banker coming from insurance and financial services provider, Liberty Life where he served as a CEO. In March, Munro went back
SARS has made a significant change to assist taxpayers – here's what you need to know
The South African Revenue Service (SARS) has announced the permanent availability of its Voluntary Disclosure Programme (VDP). The VDP is a type of 'open door' policy that SARS has in place that allows taxpayers to regularise their tax affairs by coming clean on any tax non-compliance that may result in penalties or action if discovered
New consortium of cane growers plans to buy Tongaat-Hullett’s assets
Word reaching BusinessTech Africa is that a group of sugarcane growers who now supply Tongaat Hulett with cane has expressed interest in purchasing Tongaat's South African mills refinery. The group wants to also buy animal feeds, and brands in a proposal to the sugar producer, Tongaat Hullett’s business rescue specialists. MoneyWeb business has it that
SA government imposes six-month ban on the export of copper scrap
The South African government has swiftly moved to block the theft of copper and scrap metals as it banned the export of most ferrous scrap. BusinessTech Africa has found information that as part of a three-phase intervention to stop the widespread theft of metals used in public infrastructure, the South African government has banned the