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City of Tshwane sets a good example, pays R878 million to Eskom
Setting a good example of proper government and accountability, the City of Tshwane has officially confirmed the payment of their bill with Eskom. In a social media post, the municipality says it has forked out a whopping R878 million to settle their debt to cash-strapped power utility Eskom. Despite confirming their payment to the state-owned entity,
BMW releases an R1.6m all-electric I4 luxury sedan in South Africa
German car manufacturer, BMW, has released a new all-electric i4 stylish sedan in the South African market. Priced at R1.6 million, the machine is purely electric as per the company and the model is focused on driving dynamics from the start. The German-based car maker says, initially, only one model variant will be available from
Load shedding solution? Scatec SA announces R30 billion solar energy project
As South Africans still battle and try to find their way through the raging load shedding schedule implemented by Eskom, there seems to be an option to ease the devastation. A Norwegian company, Scatec SA, has announced the construction of a solar and battery-powered project in the Northern Cape. The project, valued at R30 billion will definitely
Anglo American sees rising profits despite declining earnings
Mining companies return most of their profits to shareholders in the form of dividends. Dividends consist of a basic dividend of R41 per share, which is equivalent to 40% of gross profit, and a “special dividend” of R40, which is equivalent to 40% of total profit, as a bonus dividend. Despite a decline in interim
Huawei maintains its market share in South Africa despite the loss of Google services
Huawei maintains its market share in South Africa despite the loss of Google services Huawei has maintained a relatively large share of the South African mobile operator market, despite losing access to Google services in May 2019. The country continues to be an important market for Huawei. The manufacturer’s vice president of Akhram Mohamed, said
<strong>Reliable connectivity remains key for mining </strong>
Reliable connectivity remains key for mining There are so many factors that make commercial mining an incredibly intricate process. Currently, South Africa’s mines are getting deeper and deeper as mining companies try to reach new deposits. This significantly increases the cost of extraction, ups safety risks and makes mining operations even more complex. But with
Sanral scholarship and bursary programme open for applications
During its recent career expo in the Eastern Cape, Sanral shared information on its scholarship and bursary programmes. During the 2020/21 financial year, it awarded 220 scholarships at a total investment of R7m, and 100 bursaries at a total investment of R8m in the Eastern Cape. “Our scholarship programme is available to learners from grades
Facebook Music Revenue Sharing: A New Way For Creators to Earn Money Through Facebook Videos
Meta announced today that creators on Facebook can now earn money through their Facebook videos that use licensed music. The company is launching “Music Revenue Sharing” to allow video creators to include licensed music in their videos on Facebook and earn a share of in-stream ad revenue. The company says this opens up a new
Ramaphosa unveils load-shedding crisis response
President Cyril Ramaphosa unveiled several far-reaching interventions – including a doubling in the allocation for the next renewables procurement round, the scrapping of the 100 MW licence-exemption threshold for distributed generators and a proposal of a feed-in tariff for self-generating households and businesses – as part of a much-anticipated action plan for ending load-shedding. While refraining from declaring the
What to do if your business’ social media account gets hacked
Almost 20 per cent of small businesses have reported to have had their social media accounts hacked at some point Returning home on the tube after a night at the cinema, fabric dealer Noel Chapman received a text from his friend in Italy. “Look at your Instagram, there’s something funny going on,” it read. In
Grindrod Logistics rope in Xolani Mbambo as CEO to succeed Andrew Waller
Grindrod Logistics has announced a new appointment on their board as they rope in an experienced Xolani Mbambo as the new CEO. The Johannesburg Stock Exchange listed company says Mbambo will start his new duties on 1 January 2023 as he will take over from current CEO Andrew Waller. The current CEO has been in
Mr Price CEO gets R33m bonus
Mr Price Group has granted CEO Mark Blair a R32.931 million bonus in the year to 2 April 2022, in the form of an allocation in its group forfeitable share plan. This took his total remuneration for the 2022 financial year to R56.5 million, an increase of 201% on the R18.8 million package in 2021.
Netflix starts linking iPhone and iPad users to an external sign-up page
Netflix has started directing users on iPhone and iPad to an external webpage where they can sign up for the service, as first reported by 9to5Mac. The change comes just months after Apple started letting “reader” apps that provide access to digital content, like Netflix and Spotify, link out to account sign-up pages on their own websites. For as
ICASA announces Dr. Charley Lewis as their new acting chairperson
The Council of the Independent Communications Authority of South Africa (ICASA) hereby announces the appointment of Dr Charley Lewis as the Acting Chairperson, effective from 16 July 2022 to 03 April 2023, or until a Chairperson is appointed in terms of section 5(1B) of the ICASA Act, 2000 (Act No. 13 of 2000). The appointment
Vodacom to retain full ownership of the new South African tower business
As a part of their financial result announcement, Vodacom Group has disclosed that they are going to retain the full ownership of the South African tower subsidiary. During the past quarter we made good progress on the optimisation of our assets, which in the medium term will also positively contribute to bridging the digital divide.
Anglo American renews local education programme with R510m investment
Diversified miner Anglo American has launched the second phase of its education programme in South Africa, doubling the programme's scope and commitment to improving educational outcomes, investing an additional R510-million into the programme as it progresses. The next phase of the programme will support an additional cohort of 84 schools and about 80 early childhood development
High-level executives discuss shortcomings in govt’s BBBEE support
While government has made meaningful strides with supporting the participation of more black-owned companies in the economy in the 19 years since the promulgation of the Broad-Based Black Economic Empowerment (B-BBEE) Act, there remain barriers to these companies getting set up and thriving. In a panel discussion hosted at the Black Industrialists and Exporters Conference
The skills you need to work at Takealot, MTN, and Absa
South Africa has a shortage of several tech-related skills highly sought-after among major telecoms, banking, and ecommerce companies. The Department of Home Affairs published a list of critically-scarce skills in high demand in the country in February 2022. This year’s publication was the first since 2014 and included a range of new jobs, skills, and qualifications in
Ericsson appoints Hossam Kandeel as the VP and Head of Global Customer Unit MTN
Ericsson has announced the appointment of Hossam Kandeel as Vice President and Head of Global Customer Unit MTN and Customer Unit MTN Africa effective 21 July 2022. Hossam will lead a high-performing technologies and services team that promises to deliver exceptional value towards MTN Ambition 2025 while enabling positive change across society. Being with Ericsson
Adevinta announces the sale of Gumtree SA to Ignition Group
Adevinta ASA has signed an agreement for the sale of Gumtree South Africa, to Impresa Capital, majority Shareholder of Ignition Group, one of Africa’s largest investors in technology, media, telecommunications and financial services. The transaction is subject to regulatory approval. Gumtree SA’s operations were classified as discontinued operations and the impact on the Group’s financials is