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Shell & Qatar Energy Namcor engage explore oil in Namibian waters
Namibia is involved in another oil exploration project and the oil is discovered by Shell, Qatar Energy, and the National Petroleum Corporation of Namibia (Namcor). It is reported in South West Africa that the exploration is taking place between Windhoek and Mariental which has a distance of approximately 270 kilometres. The three bodies are in
Uganda Airlines partners with SAA to boost its Entebbe-JHB route
East African airliner Uganda Airlines is looking to partner with South African Airways to boost traffic to its routes between Entebbe and Johannesburg. The Kampala-based carrier looks to tap into the wider southern Africa market. According to AirInsight, the carrier added a fifth flight to the service starting March 1 with an aim to plug
Gold miner Sibanye Stillwater retrenches almost 170 workers
South African miner Sibanye has retrenched almost 170 employees following a consultation process at Beatrix 4 shaft and Kloof 1 plant. This publication has learned that the mining company said the consultations – which were held in accordance with Section 189 of the Labour Relations Act – were constructive and helped to minimise jobs losses.
Sasol manages to contain hazardous ammonia in Mpumalanga
Media reports landing on BusinessTech Africa’s desk indicate that an ammonia leak at a Sasol plant has been successfully contained. This comes after reports that in the early hours of Friday morning and it has been contained, the synthetic fuel and chemicals giant has said. According to a Sasol spokesperson, a strong ammonia smell was
Volkswagen SA excited to produce its 100 000<sup>th</sup> Polo
German carmaker Volkswagen has recently celebrated another milestone as it produced its 100 000th unit for the South African market. VWSA also celebrated the assembly of the two millionth locally-made Polo last year and the company has expressed delight in the news. Made by the automaker’s night shift team at the Kariega Plant, formerly Uitenhage, in
Telkom & Clickatell to launch mobile messaging payments
National telephone operator Telkom has joined forces with chat commerce and business messaging firm Clickatell to launch its Chat 2 Pay feature. The feature is for integrated communications company Telkom to unlock the convenience of safe and effortless mobile payments. Creamer Media posted that the deployed Chat 2 Pay pay-by-link capability in WhatsApp, in response
Heineken receives greenlight in its bid to acquire Distell
Alcoholic beverage company, Heineken, has been given greenlight regarding its bid to acquire wine and cider company, Distell Group. The latest information suggests that the Competition Tribunal has greenlighted the Dutch beermaker thus concluding the regulatory hurdles the Dutch brewer had to overcome to seal the deal. Moneyweb has it that the approval by South
Petregaz expands fleet of tanker & buys OneLogix trucks
Southern African liquefied petroleum gas (LPG) distribution company Petregaz is set to acquire all 35 LPG trucks, tankers, and truck horses from road logistics services provider OneLogix as of April 1. Engineering News reports that through the acquisition of these assets, Petregaz will be able to expand its supply chain capabilities. The company will also
Airlink appoints aviareps in North America & Asia
South African regional airline Airlink now boasts representation in markets such as North America and Asia. The development follows its appointment of Germany-based international aviation, tourism, hospitality, food, and beverage brands communications company AVIAREPS as its General Sales Agent (GSA) in these markets. Airlink’s executive manager: of sales and marketing Carla da Silva explained that
Zambian minister votes against Argonaut's appeal
Zambian Minister of Mines and Mineral Development has refused Australian Stock Exchange listed Argonaut Resources’ appeal against the grant of a new licence over the Lumwana West area, in the North-Western province of Zambia. Minster Paul Kabuswe was ordered by the Zambian High Court in February to decide an appeal by Argonaut subsidiary Mwombezhi Resources against the cancellation
Business sector welcomes Minister of Electricity appointment
The South African business sector has welcomed the appointment of Gosientso Ramokgopa as the new Minister of Electricity. The sector believes the former Gauteng MEC for Economic Development is Mr. Fix It, and Business Leadership SA CEO Busi Mavuso said they hoped the government would be united in implementing the Energy Action Plan. BLSA said
Botswana expresses confidence in apple production
Farmers in Botswana have expressed relief as they are looking forward to starting the commercial production of apples, after the introduction of semi-arid varieties of apple trees suitable for local conditions. The country’s Ministry of Agriculture, apple farming in the country was a challenge as a result of unfavourable weather conditions. The newly introduced varieties,
Total Energies signs agreement with Air Liquide and Sasol
French energy company Total Energies has signed two corporate projects to provide Sasol and Air Liquide with 260MW of renewable energy. BusinessTech Africa understands that the deal will go on for over two decades as the company also announced it would develop q 120MW solar plant in Western Cape. Total Energies also said it will
Sibanye Stillwater acquires 71% of Australian zinc company
Mining company Sibanye Stillwater announced that it has acquired an almost 71% stake in New Century Resources. The miner said on Tuesday that this comes two weeks after launching an unsolicited takeover bid as it lost confidence in the Australian zinc miner's board. IOL Business reports that the South African precious metals producer launched an
Namibia registers growth in mutton & lamb export
Information coming from Namibia is that since its reopening in the second half of 2022, the Farmers’ Meat Market export abattoir in Mariental, Namibia, has processed payment of R10,9 m, excluding VAT, to 46 sheep producers in that country. The Namibia Agricultural Union (NAU), the price averaged R91,60/kg for lambs weighing an average of 17,9kg.
South Africa’s greylisting to also stifle job creation plans
The effects of greylisting in South Africa will be felt in various sectors of the economy and that includes job creation, according to Youth Employment Service (YES) CEO Ravi Naidoo. South Africa has been greylisting by the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, and this will stifle the
ACSA says fuel shortage has eased at Cape Town International
Media reports suggest that the jet fuel supply crunch at Cape Town International Airport has seen some improvement over the past 24 hours. This comes after talks that continued late into Friday night between fuel suppliers and airlines, Airports Company South Africa said on Saturday. A major fuel supplier has also since advised that production
Nedbank predicts SA recession & lower growth in 2023
Nedbank believes South Africa has likely entered a recession and this is due to the rolling power cuts. The banking institution is among the country’s big-six banking groups, and it estimates that GDP in the final quarter of 2022 shrunk by 0.4%. Nedbank says this following intensified rolling power cuts weighing on productivity and a
University of Johannesburg says its electric buses are locally assembled
After purchasing electric buses, the University of Johannesburg says the vehicles are assembled locally. BusinessTech Africa recently posted that UJ purchased two battery electric buses to ferry students between its various campuses. The decision to roll out the buses follows a test period last year during which the university used a similar demonstration vehicle as
<a>MTN registers growth in Uganda as it boasts 17.2 million subscribers</a>
Mobile telecoms operator MTN has registered massive growth in Uganda as it is the fourth-biggest market of Africa's largest mobile operator. BusinessTech Africa has discovered that MTN Uganda has grown its profits by almost a fifth in its 2022 year, benefiting from a network rollout as well as strong demand for its data and fintech