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Zambian government to limit mining licences to five per company
As the second largest copper producer in Africa, Zambia has announced changes to its mining and also said a company can only be allowed to hold five licences. Zambia announced the new changes on Monday that the number of mining licences that a company can hold at a time will be restricted to five to
Transnet strike costs the South African berry industry R134 million weekly
As the strike involving Transnet and its workers affiliated with African Transport and Allied Workers (Satawu) continues, it costs South Africa’s berry industry as much as R134 million weekly. Since the strike by Transnet workers began almost two weeks ago, as many as 80 containers of berries that were headed for the country’s European markets
EXPECT FUEL INCREASE IN NOVEMBER
The Automobile Association(AA) warns consumers to brace themselves for more expensive fuel in november, as mid-month data from Central Energy Fund(CEF) shows increase to all fuels are likely in the new month. The latest daily exchange rate provided by CEF shows that petrol prices are currently under-recovery of 51 cents per litre, and diesel with
SARS TO INTRODUCE NEW ‘TRAVEL PASS’ TO TOURISTS ENTERING OR LEAVING SOUTH AFRICA
South African Revenue Services (SARS) says it will implement an online traveller declaration system for all travellers including South African citizens and residents, children, and infants. According to revenue service, the system will be installed in all South African International Airports. And will be introduced at OR Tambo International Airport on 1 November 2022, followed
Concerns as ongoing Transnet impasse costs mining businesses R815m a day
With the ongoing impasse between Transnet and its employees, the mining and business sector has expressed concerns as they lose millions a day. Business Unity South Africa says it is losing millions to the tune of R815 million a day as the Transnet strike continues to keep the country on its knees. Workers affiliated with
TymeBank launches technology partnership with local business owners
One of South Africa’s ever-growing banks, TymeBank has introduced measures to enter the township market with a partnership with local spaza shops. The partnership with Khona La Local Stores, the digital-only bank TymeBank, is broadening its reach, taking financial technology to township businesses. Launched on Friday, the joint venture will see spaza shops in Daveyton,
Botswana traders unhappy with vegetable import ban from South Africa
Following their move to ban fresh produce from South Africa, Botswana traders are now seeking a u-turn due to vegetable shortages. The short supply of fresh produce in Botswana has left traders pleading with their government to allow them to get produce from neighbouring South Africa. At the same time, the traders in Botswana want
Eskom COO Jan Oberholzer: “Load shedding will be here for 18 months”
South Africans have to get used to load-shedding woes and that is the sentiment shared by Eskom Chief Operating Officer Jan Oberholzer. Oberholzer says Eskom will implement load shedding for the next 18 months and that it won’t be able to end until sufficient generating capacity is added to the electricity grid to meet demand.
Shoprite’s money market app scoops top accolade as Most Innovative Solution
South African retailer, Shoprite scooped a major accolade during the awards ceremony organised by a mobile telephone operator, MTN. Shoprite was an overall winner at the MTN Business App of the Year Awards 2022 on Thursday as the company bagged the biggest prize for its Money Market account application. The retail group, Shoprite, also claimed
Insurance covers: What you need to know and how to save on insurance
While South Africans are grappling with high levels of crime, disasters such as the one that hit the province of KwaZulu-Natal this year and not discounting the violent looting sprees, it should always be a wise move to have insurance for different needs. Apart from covering your assets such as a car or house to
MTN SA customers left stranded as the company probes 4G and 5G outages
While busy conducting an investigation into the network outages, MTN South Africa has apologised to its customers who are experiencing network and connection challenges. The mobile operator, MTN, suffered massive outages on Wednesday at its 4G and 5G sites and the company is investigating the cause of the problem. As per the company’s social media
AngloGold Ashanti announces plans to cut down carbon emissions by 2030
Gold mining giant, AngloGold Ashanti has outlined plans to cut down carbon emissions and the company is targeting 30% by 2030. The gold mining company, AngloGold Ashanti released the plan on Wednesday, saying the target aims to achieve a 30% absolute reduction in its Scope 1 and 2 greenhouse gas (GHG) emissions by 2030. As
SABC CEO laments Olympic broadcast rights as it lost R201 million in 2022
Another struggling state-owned entity, SABC, has pointed out the factors which led to corporations’ struggles when it comes to finances. The state-owned broadcaster, SABC’s financial struggles are well documented and it says costs associated with its public mandate – notably sports rights to broadcast the Olympics – contributed to the R201 million net loss it
Embattled SAA reveals expansion plans to humble critics, buys new aircraft
The embattled national carrier, South African Airways (SAA), says its current business plan was to ramp up operations aggressively. Despite all the documented struggles facing the airline, SAA announced it planned to implement a fleet strategy that would continue to gain momentum in growing its regional-continental services and introduce international-long haul services. Local media reports
Coal producer Kumba Iron Ore concerned with Transnet’s ongoing strike
Despite saying it will continue to monitor the situation surrounding Transnet and its striking workers, Kumba iron Ore has expressed concerns about production and export sales. The mining company, Kumba Iron Ore, released a statement that the force majeure declared by parastatal Transnet last week – after their workers downed tools and embarked on a
Competition Tribunal approves African Bank to acquire 100% Grindrod Bank
African Bank’s move to buy Grindrod Bank has been approved and the financial institution has confirmed the latest business transaction. African Bank says it has achieved all the approvals to acquire 100% of Grindrod Bank and the banker released a statement to the media. The company, African Bank, confirmed that all the conditions precedent to
PRASA officials working on total rebuild PRASA & not on recovery – strategy GM 
The Passenger Rail Agency of South (PRASA) says it is not working to recover the state-owned company but to rebuild it as per an official. PRASA strategy General Manager Anna-Marie Lubbe says they are working to ensure the company returns to its best as far as operations are concerned. Speaking during a transport forum event,
Tharisa Minerals report seven fatality-free years at its operations
South African-based platinum and chrome miner Tharisa has announced a record of seven fatality-free years in its operations. Tharisa, listed in the Johannesburg Stock Exchange and London, reported a considerably higher production in the 12 months to September 30 on Tuesday. The company, Tharisa, says production increased across the board with improved recoveries at the
South African tobacco industry fears job losses due to proposed new bill
The South African tobacco industry has decried the changes and introduction of the new bill aimed at curbing smoking, saying it could have the opposite effect. The Tobacco Products and Electronic Delivery Systems Control Bill seeks to change where people can smoke and how cigarettes are packaged. However, South African tobacco manufacturers say there are
German automaker BMW sees growth in demand for all-electric vehicles
German carmaker, BMW, says there is a growing demand for electric cars, announcing it has sold a total of 128 196 fully-electric BMW and MINI vehicles in the first nine months of 2022. The company, BMW, says the growth comes as sales of electric vehicles (EVs) rise strongly across the globe and this is more