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R3.5 Million Fine on SAPS Supplier for Excessive Sanitiser
The Competition Tribunal has handed down a fine of R3.5 million to a supplier of hand sanitiser to the South African Police Service (SAPS) for excessive pricing during the Covid-19 pandemic. BlueCollar Occupational Health, based in Gauteng, was found guilty of exploiting the demand for hand sanitiser, which was considered essential in the fight against
Samsung set to launch ground-breaking three-fold foldable phone
Samsung, the South Korean tech giant, is set to launch a ground-breaking three-fold folding mobile phone this year, according to popular tech blogger Yogesh Brar. If the device is launched as anticipated, Samsung will become the first company to release a mobile phone with a three-fold screen. The announcement comes after Samsung's successful foray into
Volkswagen to shift EVs as 8th-gen Golf to last of its kind
The eighth-generation VW Golf may be the last of its kind as the German automaker shifts its investments towards electric vehicles (EV) and away from internal-combustion engines (ICE). In addition, buyers are gravitating towards practical body shapes like crossovers and SUVs instead of conventional hatchbacks. VW's strategy in South Africa reflects this trend as the
Johnson & Johnson Offers $9bn to Settle Talc Lawsuits
Johnson & Johnson, one of the world's largest healthcare companies, has offered to pay almost $9 billion to settle thousands of lawsuits in North America. The legal claims allege that the company's talc-based products, including baby powder, can cause cancer. The figure is a significant increase over the $2 billion previously proposed by the company.
Virgin Orbit, Richard Branson's Rocket Company, Files for Bankruptcy
Virgin Orbit, the satellite launch company founded by Sir Richard Branson, has filed for bankruptcy in the US after failing to secure new investment. The company, which is based in California and was spun off from Branson's space tourism firm Virgin Galactic in 2017, had already halted operations weeks ago and announced plans to cut
ESKOM EXEMPTION WITHDRAWN FOR NOW
South African Finance Minister Enoch Godongwana stated that he has decided to withdraw the exemption of Eskom from the Public Finance Management Act "for now" to have further consultation with the auditor-general and Eskom's auditors, telling the MPs. "Yesterday we had intensive discussions with the auditor-general (AG) and in that discussion there were some contributions
Tesla ordered to pay ex-worker $3.2m in racial case
Electric carmaker Tesla has been ordered to pay almost $3.2m to a black former worker after he won a racial harassment lawsuit. Owen Diaz, a lift operator from 2015 to 2016 at its Fremont factory, was subjected to a racially hostile work environment, a federal jury found. However, the payment has been slashed by 98%
Manchester Introduces Tourist Tax to Enhance Visitors' Experience
Manchester has recently implemented a "tourist tax" for visitors, making it the first city in the UK to do so. The City Visitor Charge will require individuals to pay an additional £1 per room, per night, for their accommodation cost. The revenue generated from this tax will be used to run large events, conferences, festivals,
McDonald's closes US offices, corporate job cuts
Fast-food giant McDonald's is temporarily shutting down its US offices ahead of an anticipated announcement on corporate job cuts. The Wall Street Journal reported that McDonald's has instructed US and some international staff to work from home so that it can deliver decisions on jobs remotely. The burger chain has not disclosed how many positions
Macadamia Nut Shells: for Cleaner Stoves and braiis
South Africa's barbecue culture is about more than just the food; it's a social tonic that brings people together. Nathan Visser, who runs BraaiBaas, a company that sells barbecue-related products, prefers firewood to cook his meat, believing that it doesn't burn long enough to do much environmental damage. However, Michael Duncan, the founder of Shisa
Glencore's Teck bid suggests willingness to exit coal business
Glencore's recent failed $23 billion bid to acquire Teck Resources has signaled a potential shift in the company's stance on coal, suggesting that the biggest shipper of coal may be considering exiting the business. While many competitors have withdrawn from thermal coal under pressure from investors, Glencore has continued to profit significantly from mining the
2023 BMW M2 and Comparison with Competing Sports Cars
The Throttle House recently reviewed the 2023 BMW M2 and compared it with the Toyota GR Supra, Mustang GT, and the Porsche Cayman. The original M2 was produced over seven years, gaining popularity among drivers and media outlets. The upgraded version promises to be better than its predecessor. The Throttle House team starts their review
China's loans to Africa worry World Bank President
The President of the World Bank, David Malpass, has expressed concerns over China's loans to African countries, calling for more transparency in the terms and conditions. There are worries that developing countries such as Ghana and Zambia may struggle to repay their debts to Beijing. This concern arises as interest rates increase in the US
The promise of kelp-powered flight
Kelp is a type of seaweed that is fast-growing and relatively easy to cultivate, making it a vital source of food in many parts of the world. But could it also be used to power the aircraft of the future? From the US to the UK and India, seaweed cultivation is experiencing a renaissance, with
2023 Mercedes-AMG C43 Sedan
Mercedes-Benz's AMG tuning arm has created the all-new 2023 C43 sports sedan, which is set to hit dealerships by the end of 2022. The C43 comes with a turbocharged 2.0-liter four-cylinder engine that produces 402 horsepower and is assisted by a 48-volt hybrid system. The engine's turbocharger setup is partially derived from the company's F1
Major Exporters Sends Oil Prices Soaring Above $84 a Barrel
The price of Brent crude oil surged above $84 per barrel after several of the world's largest oil exporters announced surprise cuts in production. Saudi Arabia, Iraq, and several Gulf states announced that they were reducing their output by more than one million barrels of oil per day. In addition, Russia has decided to extend
Oppp launch its foldable smartphone
Oppo has launched its first true global foldable smartphone, the Oppo Find N2 Flip, which is aimed at a different market to its previous foldable offerings. The clamshell folding phone, which is available outside of China for the first time, is designed to be compact and stylish with a focus on productivity. The device features
Direct Flights Between China and South Africa Resume
The Gauteng MEC for Economic Development, Tasneem Motara, has expressed her pleasure at the resumption of direct flights between China and South Africa. She described the cancellation of flights between the two countries as having a negative impact on trade, investment, and tourism between them. The resumption of flights would restore economic ties that previously
Stranded Tesla Trucks due to Software Issue
Tesla Trucks, the all-electric trucks produced by Tesla, have been making headlines lately due to reports of breakdowns and being stranded on the side of the road. However, recent reports suggest that the cause of these incidents may not be related to mechanical issues but rather a software problem. While there is no way to
Ferrari Purosangue – Surprisingly Useful and Brilliant
The Ferrari Purosangue has caused quite a stir since its launch in September 2022, and for good reason. This is the first four-door vehicle from Ferrari, and it's a game-changer. It's higher off the ground, more spacious, and suitable for long trips, making it the most practical Ferrari ever made. The engine is special, too.