Browse every article
10,680 articles
Komati Power Station shuts down as they reach the end of its operational life
The coal-fired Komati Power Station in Mpumalanga reached the end of its operational life on Monday and was decommissioned. The plant, which has been in operation since 1961, had its final generating unit shut down at midday, according to Eskom. The unit, which was completed in March 1966, was the last of nine units built.
MTN Nigeria still feeling the effects of the country’s SIM registration
MTN Nigeria says it is still feeling the effects of the country's SIM registration regulations, which restrict network connectivity for unregistered cellphone users, as mobile subscribers fell by 57 000 in the third quarter ended September. Despite the marginal quarter-on-quarter decline, Nigeria remains MTN Group's largest market, with mobile subscribers increasing by nearly 10% to
South African consumers faces bad news as inflation rises
South Africans should expect higher inflation in the coming months, according to economists, as higher diesel prices and input costs ripple through the entire producer supply chain. The Bureau of Economic Research (BER) forecasts CPI to be around 7% year on year for the next few months, on the back of continued annual producer price
'Can we safely assume that the Soweto Eskom electricity debt is also scrapped'- Lesufi
Following the government's commitment to pay billions to settle Sanral's e-toll debt, Gauteng Premier Panyaza Lesufi wants Soweto's nearly R5 billion debt to Eskom cancelled. The Premier went on twitter and wrote, "Minister Godongwana, we truly appreciate how you respect negotiations. Can we safely assume that the Soweto Eskom electricity debt and that of other townships
TikTok surpasses Instagram as the world’s highest-grossing social media app
TikTok, the short video-sharing platform, has turned its success into a money-making machine after gaining massive popularity over the last two years. TikTok’s revenue growth has propelled it past other established social media behemoths. According to data compiled by Finbold on October 27, TikTok generated $2.5 million per day in September 2022 via in-app purchases
While government debt is decreasing, SEO stress is increasing
Despite signs of increasing stress among state-owned enterprises, Finance Minister Enoch Godongwana delivered his second Medium-term Budget Policy Statement (MTBPS) on Wednesday, calling it a "positive" document. Transnet, Denel, and Sanral all received billions, while Eskom's R400 billion debt remains unresolved. Prior to the main Budget in February, the MTBPS updates Treasury's economic forecasts, provides
Sandton City, Mandela Square to remain open amidst terror threat
The owner of the Sandton City and Nelson Mandela Square malls, Liberty Two Degrees, says it is taking a possible terror threat in the area seriously and has put “appropriate” security measures in place. "The safety of all our shoppers, tenants, service providers and stakeholders is of paramount importance," it said in a statement. "In
Government provides billions to settle Sanral debt
Under a new Treasury plan, the fate of e-tolls and the Gauteng Freeway Improvement Project (GFIP) will be handed over to the Gauteng province. Finance Minister, Enoch Godongwana stated that the national government would assume 70% of Sanral’s debt and the Gauteng government would assume 30%. Sanral has been struggling to raise funds due to
Supreme Court of Appeal dismisses MTN appeal
MTN, Africa’s largest mobile operator, has lost a court battle over when it must account for VAT on prepaid vouchers, as the Supreme Court of Appeal (SCA) dismissed its appeal costs on Monday. According to a summary of the judgement, MTN had previously sought a private binding ruling from the Commissioner of the South African
Mantashe reverses his position on carbon emission and declares energy transition as SA’s future
Mineral Resources and Energy Minister Gwede Mantashe, has called for a reduction in carbon emissions. Mantashe has long argued against being rushed into a just transition, citing the economic cost of a quick transition away from coal. Speaking at the Council for Geoscience Summit on Tuesday at the Durban International Convention Centre, Mantashe stated that
What to expect from Game, Shoprite, and Woolworths’ Black Friday 2022 deals
With a month until Black Friday 2022, retailers in South Africa are preparing for a busy weekend that will kick off the holiday shopping season. Black Friday 2022 occurs on November 25th, which is pay day for many people, and follows a period in which lockdowns due to the covid-19 pandemic kept crowds away and
SOUTH AFRICA IS FACING A FUEL SHORTAGE
Following a crippling strike at Transnet last week, the Democratic Alliance says it is seeking answers from the national government as soon as possible. While the strike has ended, the party stated that ports and transportation networks have been severely disrupted, and fuel industry players have warned that the country is on the verge of
WhatsApp outage in South Africa and other parts of the world
WhatsApp appears to be down for an extended period of time, affecting both South Africa and many other parts of the world. Users across all South African mobile networks reported that the service began acting strangely on Tuesday morning. Similar stories have emerged from Europe and India. When attempting to send messages, users initially saw
75% IS COMPLETELY IMPOSSIBLE- DBSA CHAIR
Professor Mark Swilling, chair of the Development Bank of Southern Africa (DBSA), believes that the task set for Eskom’s new board of directors to achieve an energy availability factor (EAF) of 75% is impossible. Swilling, who is also a member of the National Planning Commission (NPC), stated at the Kgalema Motlanthe Foundation (KMF) forum on
Legal action underway for Dis-Chem over ‘no whites’ policy
Trade union Solidarity says it will press ahead with its lawsuit against Dis-Chem over its policy of not hiring or promoting any white South Africans in order to boost its transformation agenda. The legal actions follows Dis-Chem withdrawal of a contentious memorandum that was leaked to the public this month. Stating unequivocally that white South
NORTHERN CAPE BIG TARGET FOR INVESTMENT
President Cyril Ramaphosa has praised the Northern Cape as a fertile ground for investment and a target for large investments in the near future. According to the President, the Northern Cape has been able to create mare jobs, and unemployment has been steadily decreasing in comparison to other provinces. “The Northern Cape is a big
Tariff hike rejected by major metropolitan municipalities
The high court has ruled that energy regulator Nersa’s methodologies for calculating increases were illegal and invalid. South African households that get their power supply from municipalities should no longer face unfair hikes in the future. The court has given Nersa a year to improve its method. In an interview with the City Press, the
Mminele, the presidential climate finance task team, condemns leaked draft documents
Daniel Mminele, the head of the of the Presidential Climate Finance Task Team, has criticized “speculation coverage” of a leaked draft document claiming that the $8.5 billion In climate funding pledged to South Africa will be mostly in the form of loans. Speaking to News24, Mminele stated that the final “correct” version of the plan
SANRAL appoints new CEO in the multi-skilled Reginald Demana
The board of the South African National Roads Agency Limited (SANRAL) has appointed Reginald Lavhelesani Demana as the entity’s new CEO. Reginald Demana’s appointment at SANRAL is subject to standard clearance and verification procedures and this comes as Sanral has been without a permanent CEO since November last year. According to media reports, Demana is
MTN CEO Ralph Mupita reassures staff of growth despite failed Telkom deal
Following the widely reported fall-out on talks between MTN and Telkom, the mobile telecoms operator’s Group CEO, Ralph Mupita has reassured staff that the company will grow. The MTN CEO, Mupita, has thanked all of his staff members who were involved in the negotiations with Telkom. Mupita said MTN still has the potential to attract