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Mr Price Group expands in South Africa with standalone baby stores
South Africa's value fashion and homeware retailer Mr Price is testing standalone baby stores, in a push to gain a share of the growing and highly competitive baby care products market, starting with a store it launched on Wednesday, it said. It joins grocer Shoprite's Checkers and drug store chain Clicks which opened standalone baby
Ex-Steinhoff CFO Ben La Grange fined R12m, disqualified by JSE due to ‘dodgy’ invoice
The latest information surrounding Steinhoff is that the Johannesburg Stock Exchange has banned the company’s former Chief Financial Officer, Ben La Grange. La Grange has been disqualified from filling the role of a company director in a JSE-listed company for a decade and issued him with a fine of R2 million. The JSE said La
African Bank to acquire Ubank’s assets and its employees, forks out an R80 million fee
African Bank has flexed its financial muscle after announcing it has bought embattled Ubank and declared itself as the successful bidder. In a statement to the media released on Friday, African Bank confirmed its bid and that it will acquire the majority of Ubank's disclosed assets and liabilities. The statement further revealed that the bank
Zambian government to set up a working group to save embattled Zamtel
Word reaching BusinessTech Africa is that Zambian state-owned telecommunications company, Zamtel, is financially struggling and the government is making plans to save it. Zamtel has been reportedly put on sale by the government but it seems the purposed move will be put on hold for now. Media reports reveal that the country’s President Hakainde Hichilema
Only 17 out of 30 Nigerian marginal oil fields operational: NUPRC
Gbenga Komolafe, the commission’s chief executive, made this known at the Association of Energy Correspondents of Nigeria (NAEC) Strategic International Conference on Thursday in Lagos. Mr Komolafe, represented by Mr Abel Nsa, Head, National Oil and Gas Excellence Centre (NOGEC), said marginal fields award was initiated to increase participation of indigenous companies in the upstream
Mining giant Impala Platinum secures more shares in Royal Bafokeng Platinum
Impala Platinum has concluded the agreement to purchase 475, 000 shares from Royal Bafokeng Platinum as media reports suggest. BusinessTech Africa has learnt that Implats has also assured the business sector and its stakeholders that they will do everything in their power to create more than 40 000 jobs. The platinum miner referred to its
Botswana announces ban on SA cows amid foot and mouth disease outbreak
Botswana has announced yet another ban on South African imports and this follows the outbreak of foot and mouth disease that has hit the beef production sectors. The Southern African nation announced that it has suspended all exports of cattle and beef related products from South Africa. This announcement comes while local authorities investigate a suspected outbreak
Alcohol maker Distell registers R34 billion profits, surpassing pre-Covid levels
One of the world’s biggest alcoholic beverage producers, Distell, has announced a major relief as they have registered revenue that surpassed pre-pandemic levels. The company suffered and was massively hit by the ravaging Covid-19 which forced the South African government to halt AND limit alcohol sales and distribution. However, the company has now released results, saying the
Hobot Legee D7 leads rise of the robovacs
Growing numbers of South Africans are discovering the magic of robot vacuum cleaners. They don’t mind cleaning every day, and never complain or get bored or distracted. And they don’t just save you time: they’re good for your health as well. Robot vacuum cleaners – or robovacs, as they’re commonly known – need no supervision and little maintenance. You
Minister Khumbudzo Ntshavheni unhappy with gender inequality at Telkom board
Minister of communications Khumbudzo Ntshavheni has issued a strong warning to the Telkom board in relation to transformation in the boardroom. Ntshavheni vowed she will continue to advocate for balanced gender representation on the board and executive management of Telkom. The minister released a statement in her response to the telecommunications giant’s annual general meeting (AGM) that
iPhone 14 launch date confirmed
Apple Inc. announced plans to hold a launch event on Sept. 7, when the tech giant is expected to unveil the iPhone 14 lineup and its next slate of smartwatches, confirming a date that was reported by Bloomberg News last week. The company sent out invitations for a presentation titled “Far Out,” describing it as an in-person
Ericsson and Google demonstrate multiple network slicing on a single Android device
Ericsson and Google have announced that they have demonstrated how multiple network slices on a single Android 13 device. In their latest collaboration, the ecosystem partners have demonstrated support on Ericsson network infrastructure for multiple slices on a single device running Android 13, supporting both enterprise (work profile) and consumer applications. In addition, for the first
ICASA appoints new acting CEO, Adv. Nkhetheleni Norman Gidi
The Council of the Independent Communications Authority of South Africa (ICASA / the Authority) has announced the appointment of Adv. Nkhetheleni Norman Gidi as its Acting Chief Executive Officer, effective from 01 September 2022 to 30 November 2022, or until a permanent appointment has been made. The appointment of Adv Gidi follows the announcement of
Cape Town International to benefit from British Airways’ increased summer flights
The Western Cape provincial government has expressed delight in the development that British Airways and Virgin Atlantic have upped their flight frequencies to Cape Town. As South Africa is now heading to the summer season, the two flight operators, British Airways and Virgin Atlantic increased frequencies will result in a total of 24 weekly flights between
Facebook reportedly hacked – Users witness an outage
Facebook News Feed has possibly been bugged yet again, and some users thought that their accounts were hacked. It is easy to assume that your account has been compromised after seeing your news feed share random posts and/or spam. In this article, we will share all possible reasons why this happened. The most popular social
EXCLUSIVE: Influential Ncumisa Nodaka addresses the shortage of black female accountants in SA
Ncumisa Nodaka is a perfect example of a woman who has defied the odds as she owns her accounting firm in the province of the Eastern Cape. Nodaka exclusively spoke to BusinessTech Africa and explains what really inspired her to follow a career route, mostly thought to be reserved for a selected few. Having matriculated
Namibia responds to ‘emotional and unbalanced’ call by South Africa to unban vegetable imports
On the back of calls made by agricultural bodies such as Agri SA to demand intervention from the South African government to revoke trade decisions made by Namibia and Botswana, the South West Africans have reacted. Through its minister of agriculture Calle Schlettwein, Namibia says South Africa’s decision to urge their country to revoke the decision
South Africans face the possibility of a shortage of French fries due to high import tariffs
South Africans are facing the possibility of a shortage of French fries in the next few months as the local potato industry has no capacity to produce more potatoes. This is escalated by dramatic new import duties on European producers blocking supply to the local market, experts warn. The suppliers argued that the International Trade Administration Commission
South African producers breathe a sigh of relief following China’s unbanning of wool imports
The South African wool industry and the government have welcomed the announcement by China to uplift the ban on SA wool products in the wake of the foot and mouth disease. Agriculture, land reform, and rural development minister Thoko Didiza accepted the development and issued a statement in responding the news. Media reports surfaced last
MTN appoints former Telkom financial controller, Marvin Ncube, joins Tsholofelo Molefe
Mobile telecom operator MTN has announced another appointment as they roped in former Telkom financial controller, Marvin Ncube. Ncube joins the giant mobile telecoms operator as the company’s new executive for business finance – he will resume his duties next month. Dubbed as one of the continent’s biggest telecoms companies, MTN, confirmed the appointment on Monday, announcing