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Why retrenchment cover is a non-negotiable need for those currently employed
Being retrenched is one of the most traumatic transitions a person can go through in their career, and as the world grapples with the aftermath of the pandemic and strained economies, retrenchments are unfortunately still a reality for many people. Lee Bromfield, CEO of FNB Life says, “The shock of being retrenched coupled with the
Competition body allows Heineken to buy Distell but must sell some brands
News reaching BusinessTech Africa is that the Competition Commission has recommended the approval of Dutch giant Heineken's proposed takeover of parts of South Africa's largest alcohol producer Distell. The two parties have reached an agreement to invest more than R10 billion in their local operational footprint as well as transfer more than R3 billion in shares
Astron fuels embark on a process to rebrand its 850 service stations in SA
South African petroleum seller Astron has announced a move to rebrand its service stations and change them from being known as Caltex. Astron has begun its process of renaming its 850 service stations across South Africa as it was formerly known as Caltex. The company says rebranding is a key milestone of becoming the next biggest fuel
Angola leapfrogs Nigeria as Africa’s top oil producer for the month of August
Nigeria has lost its place as the top-ranked oil producer in Africa and that comes because of Angola’s emergence as number one for the month of August. Nigeria lost its crown as Africa’s largest crude producer for the month of August as Angola surpassed the country for the first time in close to a decade. According to
Queen Elizabeth II: Her majesty leaves behind over $500 million in personal wealth
The world is still digesting the news of Queen Elizabeth II’s passing which filtered through on Thursday evening, there is speculation on her personal wealth. Having reportedly passed away at the age of 96 at Balmoral Castle, her home in Scotland, her death has definitely left many politicians and ordinary people sharing contrasting tributes. Entertainment SA takes
Local farmers feel the pinch of Eskom’s ongoing and devastating load shedding
South African businesses are definitely feeling the pinch brought by the ongoing and persistent load shedding and the farming sector cannot be spared. The power cuts returned this week as Eskom is experiencing challenges related to power generation and the farming industry has decried the load shedding. In the farming sector, electricity is utilised for pumping water,
Bill Gates, Jeff Bezos, and all the major companies that sent out condolences to The Royal Family
An outpouring of condolences for the royal family immediately accompanied Buckingham Palace’s announcement of her passing, with some of the world’s most powerful companies and public figures paying tribute. Here’s how the international business community responded to Her Majesty’s death. Aston Martin The U.K.-headquartered luxury car manufacturer Aston Martin posted a tribute to Elizabeth on
South African Govt. to Shut Down 2G and 3G Networks by 2025
South African Government has announced its intentions to shut down the 2G and 3G networks in their country. In a recent announcement, the South African government has proposed a roadmap to shut down the 2G and 3G Networks in the country by 2025. Radio frequency spectrum is a finite natural resource that is vital to
Pick n Pay ‘shutdown’ looms, the new expropriation
Julius Malema has threatened Pick n Pay with “militant action” if a third meeting request is ignored by the company. He has alleged that franchisees are exploited and treated unfairly by the retail company. Militant action threatens 85 000 jobs across 1 795 stores during South Africa’s toughest economic crisis. Consumer inflation increased to 7,8%
Mitsubishi Fuso unveils new all-electric trucks, coming to SA in mid-2023
Mitsubishi Fuso Truck and Bus Corporation has introduced new faces in its stable by unveiling their next generation all-electric light-duty eCanter truck. The Japanese carmaker also announced that the new electric trucks are set to be available in South Africa for testing as of mid-2023. Since its launch in 2017 as the first series-produced truck of its
Retail giant Shoprite shifts to solar-powered trailers to keep food cool and fresh
South African giant retailer Shoprite Holdings has announced a groundbreaking move to ensure they play a huge role in relation to climate change and pollution. The country’s biggest chain store has announced that it has fitted solar PV systems on more than 1,000 of its trailers, using the sun to power refrigeration, tail lifts, and
The new HUAWEI WATCH GT 3 Pro wins EISA’s Best Smartwatch Product for 2022-2023 award
If you don't know what the Huawei Watch GT 3 Pro is, this is Huawei's finest-looking smartwatch that aims to straddle finesse and functionality, especially with its fitness capabilities, premium design, and excellent battery life. The watch seems to have hit all the right notes both in terms of design and features. The HUAWEI Consumer
Emirates invests over US $ 350 million in next-generation inflight entertainment systems for new A350
As part of its continued drive to ensure customers ‘fly better’, Emirates has selected the new Thales’ AVANT Up system for its incoming fleet of Airbus A350 aircraft, scheduled for delivery in 2024. The airline’s investment of over US$ 350 million will see its 50-strong fleet of A350s equipped with next-generation inflight entertainment solutions that
Cattle transport suspension lifted as foot and mouse disease cases ease
South African minister of Agriculture, Land Reform, and Rural Development Minister Thoko Didiza has opted against the extension of the national ban on the movement of cattle. The ban was introduced three weeks ago to curb the spread of foot-and-mouth disease, which is among the world's most infectious animal illnesses. News24 reports, however, that there were
Cable theft forces Transnet Freight Rail to shut its North Corridor, affecting coal exports
It doesn’t rain but pours for Transnet Freight Rail as the state entity suffered another cable theft blow earlier this week. In a statement, TFR said it had to close its North Corridor after it was hit by two major incidents of cable theft late on the night of September 6, leading to the line’s
Dimension Data’s Zellah Fuphe promoted to a top global role within NTT
Nippon Telegraph and Telephone Corporation Ltd. (NTT) has made changes in its team by promoting Zellah Fuphe from her role at Dimension Data to global Chief Risk and Sustainability Officer. Dimension Data announced Fuphe’s promotion in a statement on Wednesday and CEO Alan Turnley-Jones has expressed excitement about Fuphe's new role. In a statement, the systems integrator
Ex-MTN accountant pleads not guilty to defrauding the company of R53m
Former MTN staffer identified as Branden Ruth Moshabane has pleaded not guilty to charges of fraud to the tune of R53 million. Moshabane appeared at the Palm Ridge Magistrate’s court in Ekurhuleni on Wednesday as she faced several charges related to fraud. It has come to the attention of BusinessTech SA that the former employee allegedly transferred
Truworths plans to spend R1 billion on a new distribution centre in Cape Town
South African fashion retailer Truworths has outlined plans to build a new 53,000m2 distribution centre in Cape Town. The centre, equivalent to 7.5 soccer fields, will help the company consolidate its various facilities under one roof. Truworths announced that the construction of the building will start next month and its completion is expected to be in the
Nurturing South Africa’s Services Economy Balancing domestic competition and global competitiveness Michael Harris, Partner, Letsema
In July, the Competition Commission released the provisional report on the market inquiry into online intermediation platforms. The findings highlight the tension that exists between promoting domestic competition and building a base for global competitiveness. South Africa enjoys meaningful comparative advantages in its services sector. Favourable time zone, proficiency in English, the price and availability
Citrus Growers voluntarily stops Valencia orange exports to EU countries
The South African citrus industry is said to be voluntarily doing without exporting its last harvest of Valencia oranges from Citrus Black Spots affected areas to European Union countries. According to the Citrus Growers Association, the decision will come into effect as of next week starting on Friday. This comes as a massive blow to