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Transnet former legal chief in court for alleged cash and ‘illegally co-approving’ an R25m payment
Kenneth Diedricks, the former legal head of Transnet Freight Rail, appeared in court after being charged with accepting bribes of R300,000 in cash and a Persian carpet from two companies with which the state-owned entity did business. On Wednesday, he appeared in court alongside Charles Pretorius and Refiloe Martins of Polyzomba Rail Contractors, the company
Prasa suspends its ex-acting CEO following serious allegations
The Passenger Rail Agency of South Africa (Prasa) has suspended David Mphelo, its chief information officer, following allegations that he was involved in "irregularities in recruitment and procurement" while acting CEO. Mphelo served as the group's acting CEO for six months before being replaced by Hishaam Emeran on August 30th. Prasa's board said in a
UN says Anglo American is denying justice for Zambian poison victims
Mining company Anglo American is in the middle of a legal battle in Zambia as it faces allegations of affecting women and children with lead poisoning. Anglo American is now accused of blocking or denying access to justice for thousands of Zambian women and children affected by lead poisoning at a mine it used to
Elon Musk sells $4 billion in Tesla stock following the acquisition of Twitter
According to filings published by the US Securities and Exchange Commission on Tuesday, Tesla CEO Elon Musk sold 19.5 million shares in the electric car company for $3.95 billion. The move follows his $44 billion purchase of Twitter. Musk has sold nearly $20 billion in Tesla stock since his initial investment in the social media
South Africa secures R10.7bn loan from Germany & France towards cleaner energy
The South African government has secured loan agreements with European countries, France and Germany to the tune of R10.7 billion (€600 million). The loan agreements or deals with France and Germany will assist South Africa in its efforts to shift from coal and compound its reliance on cleaner energy. As per information filtering through to
Kenya Airways pilots return to work, government vows to intensify recovery
The Kenyan government has breathed a sigh of relief following the end of the strike which saw Kenya Airways pilots embarking on a labour protest. The pilots' strike led to massive financial losses for Kenya Airways and it has come to an end as the government announced on Wednesday morning. Kenya Airways pilots embarked on
Solar company Scatec starts construction work to ease the burden on Eskom
A multi-billion rand construction work is underway in the Northern Cape as renewables company, Scatec, is building a massive project. Scatec engineers are already at work for the project which forms part of the South African government’s Risk Mitigation Independent Power Producer Procurement Programme. Engineering News has it that once operational, the project will have
Home Affairs implements Three major changes
The Department of Home Affairs (DHA) says it is changing its business model in South Africa, with a greater emphasis on mobile unit operations. The department stated to the portfolio committee on home affairs on Tuesday (8 November) that it is in the process of rolling out more mobile units to serve remote and rural
How to shop safely online this coming Black Friday
South Africans will be more focused than ever on bargain hunting for the best deals on offer after a long year of financial strain. Aside from the key e-commerce sales days in November, the pandemic's acceleration of online shopping will mean that a significant portion of holiday shopping will take place online. Not only are
South African shopping malls will receive R125 million in new solar projects
Redefine Group, a real estate investment trust (REIT), says it is working on R144 million in solar installations across its portfolio, which includes several large malls in South Africa. On Monday (7 November), the group released its annual results for the fiscal year ended 31 August 2022, detailing how its current installations have helped the
Gold Fields pulls out of the agreement to buy Yamana Gold, expects $300 million
BusinessTech Africa has gathered that mining giant, Gold Fields, has terminated its agreement to buy Canadian precious metals miner Yamana Gold. It is reported that Gold Fields expects to be paid a $300 million (R5.3 billion) break fee in the next two business days as per News24. Gold Fields announced this development late on Tuesday,
If you have the skills to assist Eskom in resolving its issues, here's a new way to do so
Eskom has launched a new platform that allows those with the necessary skills to apply to assist in the resolution of its technical issues. Applicants can upload their information and offer specific skills through the digital crowdsourcing platform. "Crowdsourcing differs from recruitment in that it is triggered by specific technical challenges, is not linked to
COP27: SA requested more grants rather than loans for climate plan – Ramaphosa
South Africa had asked the United States, United Kingdom, France, Germany, and the European Union to consider additional funding for the country's climate goals in the form of grants rather than loans, a request that was "well received," according to President Cyril Ramaphosa. On Tuesday, the president addressed a press conference at the COP27 in
Google will discontinue the Street View app next year
According to 9To5Google, Google has planned a series of shutdown messages for the Street View app. The company recommends that users migrate to Google Maps or Street View Studio because the Street View app will be discontinued on March 31, 2023. “Street View App is going away and support will end March 21, 2023,” the
Facebook-parent Meta plans to lay off thousands of employees this week
According to US media reports, Facebook-parent Meta will be the latest tech firm to reduce its workforce, with plans to lay off thousands of employees this week. According to the Wall Street Journal, which cited sources familiar with the situation, the layoffs could affect "tens of thousands" of Meta employees, with an announcement expected as
The confirmed list of stores in South Africa offering Black Friday 2022 deals
Black Friday has become one of the most important shopping days in South Africa, with a growing number of local retailers offering reduced prices on a variety of products. Black Friday is set to fall on November 25, 2022, with a number of shops and retailers returning to the old format of one-day deals after
Twitter is already implementing Elon Musk's contentious blue check paid verification subscription
The company is adding new features to Twitter Blue "starting today," according to an updated description of the app that appeared on the Apple App store Saturday afternoon. According to the post, which was discovered by CNBC producer Steve Kopack, Twitter Blue with verification is currently available in iOS in the United States, Canada, Australia,
Curro names a new CEO as Greyling steps down
Curro, a JSE-listed private school group, has appointed Cobus Loubser as its new CEO. Andries Greyling, the current CEO, will step down from the board on January 1, 2023 "to pursue other interests." He has been CEO since 2017 and has been with Curro for 15 years. Loubser joined Curro in January of last year.
Former Twitter CEO Jack Dorsey apologises to employees following mass layoffs
Twitter co-founder and former CEO Jack Dorsey apologised to company employees on Saturday for growing the social media giant "too quickly," a day after new owner Elon Musk fired roughly half of the company's 7,500 employees. "I realize many are angry with me," wrote Dorsey, who co-founded Twitter in 2006 and stepped down as CEO
Takealot reveal it's live shopping marathon as part of it's extensive Black Friday plans
Takelot, an online retailer, has revealed its big plans for Black Friday 2022, saying it will run its Blue Dot Sale again – but with a twist. The group stated that for the 2022 Black Friday sale, it will host a live shopping event on Instagram beginning one minute after midnight on Black Friday (25