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Carl Niehaus stage one-man protest against Cyril Ramaphosa
Carl Niehaus, the spokesperson for the Umkhonto weSizwe Military Veterans Association (MKMVA), kept his promise to protest President Cyril Ramaphosa when the ANC's National Executive Committee met over the weekend. Despite the rain and poor weather, Niehaus stood outside the Nasrec centre, where top ANC leaders were meeting, and demanded that Ramaphosa resign. And he
To avoid a repeat of Covid-19, the G-20 has established an R25bn global pandemic fund
The Group of 20 countries has raised $1.4 billion (R24.9 billion) for a global pandemic health fund in order to prevent a repeat of the Covid-19 outbreak, which killed over 6.6 million people and crippled the global economy. The World Bank will manage the fund, which will help low- and middle-income countries prevent and respond
Carl Niehaus says President Cyril Ramaphosa must resign
Cyril Ramaphosa, President of the ANC, must resign. Carl Niehaus, a spokesperson for the Umkhonto weSizwe Military Veterans Association (MKMVA), has made this call. Niehaus intended to exercise his "freedom of expression" by urging Ramaphosa to resign as ANC president, accusing him of bringing the ANC into disrepute and contributing to the country's current state.
Mantashe warns against publicly mocking Ramaphosa
As more ANC leaders gather in Nasrec this weekend for the party's NEC meeting, ANC national chairperson Gwede Mantashe has urged party members to refrain from raising issues on public platforms. Mantashe, who is present, spoke out against the public spats that have plagued the ordinary political meeting, which has debated the Phala Phala farm
Despite growing calls at the ANC NEC meeting, Ramaphosa remains steadfast in his refusal to step down
Dr. Nkosazana Dlamini-Zuma has demanded that President Cyril Ramaphosa resigns in the wake of the Phala Phala farm scandal. Dlamini-Zuma, who attended the ANC's National Executive Committee meeting over the weekend, where ANC members discussed a variety of issues, said Ramaphosa needed to demonstrate that he respects the ANC's step-aside resolution. Following the Phala Phala
Foschini owner, TFG, records staggering R400 million losses due to power cuts
As the South African business sector continues to strike the balance between electricity cuts and making profits, clothing retailer TFG who owns Foschini has registered massive financial losses. Foschini owner, TFG, says because of the ongoing load shedding implemented by Eskom, it parted ways with a staggering R400 million in lost sales. The company, TFG,
Lenovo introduces the ThinkSmart One, the world's first all-in-one collaboration bar based on Windows
The Lenovo ThinkSmart One Collaboration bar expands Lenovo's video conferencing and collaboration platforms, which aid in employee productivity and engagement. ThinkSmart One all-in-one (AIO) bar is designed for small to medium meeting rooms or dedicated home office spaces and features an eight-microphone array with echo and noise cancellation, 15-Watt stereo speakers, and an integrated high-resolution
Toyota SA announces plans to test Market response to RAV4 plug-in hybrid
Toyota South Africa Motors has announced plans to test the local market and measure its response to the RAV4 plug-in hybrid vehicle. The Japanese Car maker, Toyota, said this following the unveiling of the RAV4 GX hybrid in 2021 and the RAV4 hybrid E-Four this year. While the Toyota RAV4 hybrid is not officially on
Drivers contracted to Eskom arrested stealing coal at Kendal Power Station
While Eskom is busy working hard to ensure the load shedding is cut down as soon as possible, its contracted employees continue to steal from the power utility. BusinessTech Africa is informed that two truck drivers contracted to Eskom were arrested at Kendal Power Station in possession of stolen coal. According to various media publications,
DStv has stopped losing Premium subscribers
MultiChoice has halted the decline of its top-tier DStv Premium subscriber base, with the number of customers on this package increasing marginally year on year in the six months to September 30. This is a significant improvement over the 3% drop in Premium subscribers at this point last year. This base has been under significant
Musk's Twitter ownership is further destabilised as key executives resign
Elon Musk's Twitter ownership descended further into chaos on Thursday, as key security executives resigned, drawing a harsh warning from US regulators. The walkouts occurred just one day after Tesla and SpaceX owner Musk's $44 billion purchase of the influential messaging app. Musk warned employees on Thursday that the site was burning through cash at
A spinoff of Ethos Private Equity has created a black-owned fund manager
A new independent and black-owned equity fund manager, Infinite Partners, has been established as a result of investment manager Ethos Private Equity's spinoff of its Mid Market Fund. The new fund manager created through the spinoff procedure has a founding team that is 75% female and 100% controlled by people of color. "Ethos Mid Market
Airport operations not affected by PSA strike as they carry on as usual
A strike by the Public Servants Association of SA (PSA), which was anticipated to impede immigration processing and other crucial government operations like those at Home Affairs, has not yet had an impact on South Africa's international airports. The PSA, which represents more than 235 000 workers, began its strike on Thursday and is calling
FNB introduces the R200 million Vumela fund to support small businesses
The fourth Vumela fund, worth R200 million and launched on Tuesday by FNB, aims to provide alternative financing to 150 black-owned businesses and create 1,000 jobs. The commercial banking division of FNB created the Vumela Enterprise Development Fund in 2009 in collaboration with the venture capital and private equity firm Edge Growth. Vumela, which is
The Post Office does not have enough funds to cover medical expenses
The South African Post Office (SAPO) has failed to pay over-staff medical aid contributions to its medical aid provider, Medipos, for the second time in two months, as the entity's financial crisis worsens. The DA has since stated that it will report the entity to the Commission for Conciliation, Mediation, and Arbitration (CCMA) for its
Enoch Godongwana, Finance Minister, on protecting the poor from the impact of rising costs
Finance Minister Enoch Godongwana stated that there is a valid argument for protecting the poor from the impact of rising living costs, but determining the type of assistance that should be provided and how to pay for it is still a work in progress. "We need to discuss what is the appropriate form of cushioning
As the PSA strike begins, the hospital union holds public wage protests
Nursing and state hospital employees affiliated with the Health and Other Services Personnel Trade Union of SA (Hospersa) protested the deadlock in public sector wage negotiations on Thursday. This comes as the Public Servants Association (PSA), which has 235 000 members, began its strike in the public sector with several marches on Thursday. The government
Owen Lekala: Meet a young student who developed an e-hailing app using NSFAS money
A young Owen Lekala is a student at the Tshwane University of Technology but he never ditched his business aspirations as he developed an e-hailing application. Lekala is just 21 years old and managed to save his National Student Financial Aid Scheme (NSFAS) allowance to fund his brightest idea. He is the owner of Hike,
Agricultural machinery maker New Holland reveals plans for going green
Farmers Weekly reports that the sale of agricultural machinery has gone up in South Africa over the past two years and New Holland reveals plans for going green. The farming website has credited this information to the South African Agricultural Machinery Association as per the latest sales reports. Speaking for an agricultural machinery company, New
Mobile phone maker Nokia & Africa Data Centres sign partnership deal in Cape Town
One of the leading telecommunications companies, Nokia, has partnered with Africa Data Cantres in a deal that was signed in Cape Town on Thursday. The Finnish multinational telecommunications firm, Nokia, has reached a deal with Africa Data Centres to enable the cloud-neutral data centre provider. The deal between Nokia and Africa Data Centre will offer