Browse every article
1,344 articles · 1 filter applied · Reset filters
Minister Barbara Creecy orders her department to finalise fishing rights appeals
Minister of Forestry, Fisheries, and the Environment, Barbara Creecy, has told her department to ensure that she is able to conclude the Fishing Rights Allocation Process (FRAP 2021/2022) appeals process by the end of 2022. Creecy said the allocation of commercial fishing rights is central to job creation in South Africa. This website has gathered
Government to increase SASSA grants and extends R350 SRD grants
South African Treasury has unveiled plans to accommodate the increased number of social grant recipients as it upped the expenditure on social grants. The Treasury said it has extended the Covid-19 social relief of distress (SRD Grant) and that was announced by Finance Minister Enoch Godongwana. According to the 2023 Budget document per IOL, expenditure
Minister Enoch Godongwana announces alcohol and cigarette tax hikes in 2023
In his budget speech, Finance Minister Enoch Godongwana has announced an increase in taxes on cigarettes and alcohol. Godongwana said the government will raise taxes on cigarettes and alcohol in 2023 but there is a relief for sugary drinks consumers. The minister delivered his address on Wednesday saying that no major tax developments were being
Embattled SOEs SAA, Post Office & Eskom receive massive bailouts from the treasury
The South African Treasury has announced that state-owned entities, SAA and the Post Office have been allocated a combined R3.4 billion in bailouts. This announcement was made during this year’s budget while the government has prioritised stabilising the power utility. The deepening energy crisis has hit many sectors of the economy and the government will
Eskom CEO Andre De Ruyter on ANC interference at struggling power utility
As he prepares to leave Eskom as CEO, Andre De Ruyter has hit back at the ruling party for seeing the power utility as an ‘eating trough’. De Ruyter said the available evidence shows that the ruling African National Congress (ANC) sees the embattled power utility as means of making money. In a broad-sweeping interview
Telecoms company MTN announces two major appointments in IT and network
South African mobile operator MTN has appointed Rami Farah who will occupy the role of an executive for its network. Farah joins the company from Iran and joined the company on January 01 and it has also been announced that Nomthi Nelwamondo is also joining the operator. Nelwamondo takes the job of an executive for
Sibanye-Stillwater successfully rescues underground workers due to cable theft
Information landing through to BusinessTech Africa is that workers at Sibanye-Stillwater's Cooke operations were successfully evacuated from underground. This follows power lines collapse as a result of theft and vandalism and the company has released a statement. Sibanye-Stillwater announced on Wednesday that Eskom technicians restored the electricity supply to Sibanye Gold operations in Randfontein. This
Kumba Iron Ore decries Transnet’s woes as it affects production outlook
Transnet’s inability to perform to its best is causing severe damage to companies such as Kumba Iron Ore. The mining company said poor logistics performance, including a worker strike during 2022 at Transnet repressed the volume of ore railed to port by 9% to 35.9 million tons. This has hamstrung South African coal and iron
Premier Panyaza Lesufi R34 billion to empower township initiatives
Gauteng Premier Panyaza Lesufi has announced plans to ensure the province is safer for the resident, saying he has allocated a budget to focus on that. In his State of the Province address, he said the provincial government has committed to using 60% of its R34 billion goods and services budget to support township initiatives.
Anglo American platinum shares predictions as it releases results for 2022
Anglo American said the supply and demand of the three platinum group metals were set to be in small deficits this year. The world’s biggest platinum producer announced the developments on Monday as it released the results for the year 2022. The Anglo American majority-owned group said in its 2022 results that platinum’s underlying surplus
Zimbabwe wants to create ‘Africa’s Dubai’ at the iconic Victoria Falls
The Zimbabwean government is planning to launch an offshore financial centre in the resort city of Victoria Falls. The Southern African government wishes to vie with the likes of Dubai and the Isle of Man to attract foreign investment into the city. Finance Minister Mthuli Ncube said in an interview, according to Fin24, that the
Eskom battles thieves, increased damages, and corrupt employees due to load shedding
Struggling power utility Eskom says it is fighting vital infrastructure damages where cables and breakers are stolen. The power generator said there has been a significant increase in damage to vital infrastructure, including breakers and cables, as a result of the frequent disruption to the grid caused by load shedding and that this has added
Ethiopian Airlines pleased to sign a services agreement with IGAD
Africa’s largest airline Ethiopian Airlines has signed an agreement with the Intergovernmental Authority on Development (IGAD) to provide a framework for the provision of the airline’s products and services to IGAD. Based in Addis Ababa, Ethiopian Airlines will also provide hospitability services to IGAD at Ethiopian Skylight Hotel and assign a dedicated team to handle
Gauteng Premier Panyaza Lesufi has promised that e-tolls to be permanently scrapped
During his state of the province address, Gauteng Premier Panyaza Lesufi has vowed that the e-tolls will be scrapped in the province. The announcement was made by him during his State of the Province address at the Johannesburg City Hall on Monday evening. The Gauteng government is to pay 30% of the South African National
Devastating Eskom load shedding hampering agricultural projects
The effects of the ravaging load shedding are still felt in the farming sector and this has delayed the implementation of agricultural programmes. According to the Agricultural Business Chamber’s CEO, Wandile Sihlobo, he said further deterioration in the electricity crisis had been a major cause of delay in the implementation of agricultural programmes intended to
Mercedes Benz South Africa to launch electric eSprinter panel van in 2024
German automaker Mercedes Benz South Africa has made an announcement that it will launch a full electric Sprinter next year. Mercedes Benz South Africa’s president Nadia Trimmel said they will introduce the battery electric Sprinter panel van (eSprinter) to the local market in 2024. “As we embark on a new era of sustainable mobility, we
South African motorists warned against massive petrol price in February
South African motorists must brace themselves for a massive petrol price hike this month as per the information released by Central Energy. While the month of February has two weeks to see the prices fixed, the fund data shows that 95 unleaded petrol could be increased by more than R1.20 per litre this month. Looking
Capitec Bank reveals updated banking fees set to come into effect in March 2023
Registered as South Africa’s biggest banking institution by retail customers, Capitec Bank has released new banking fees. The Western Cape-based, Stellenbosch, bank has updated its new fees that will kick in next month as media reports suggest. Capitec clients will see a sharp increase in the cost to get money into and out of their
Comair demands R1.4 billion from US aircraft maker Boeing for fraud
Aeroplane maker Boeing is facing a legal battle with a South African airline that is demanding at least $1,4 billion. The airline argues that Boeing lied about an agreement regarding the sale of eight 737 MAX planes and it seeks damages to the tune of $83 million. According to a suit filed on Monday in
H&M joins forces with Superbalist to reach out to more South African clients
Clothing retailer H&M has just launched an online outlet as they look to reach more South Africans. The Swedish clothing retailer’s local unit is to launch an online offering on the e-commerce platform, Superbalist, in a move welcomed by analysts as a smart way of expanding without hefty capital outlays. The retailer’s clients will be