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FlySafair set to open new routes to Windhoek and Harare
News reaching BusinessTech Africa indicates that FlySafair is set to expand its regional route network. The South African airline said it has planned new flight routes to Windhoek, Harare, and Zanzibar. The low-cost airline announced on Monday that it had received permission from the International Air Services Council to fly commercial flights to these three
Agriculture sector still concerned despite Cyril Ramaphosa’s SONA speech
The South African agriculture sector is still raising concerns about load shedding despite the recent address by President Cyril Ramaphosa. Ramaphosa addressed the nation during his State of the Nation Address on Thursday. However, it seems the sector is facing challenges and Agri SA said they needed more details on the new minister of electricity
Engen and Vivo Energy join forces to become Africa’s largest energy distributor
South African energy company Engen has merged with Vivo Energy to become Africa’s largest energy distribution company. The two companies will now have more than 3 900 service stations and more than two-billion litres of storage capacity across 27 African countries. Engineering News posted that oil and gas multinational, Petronas, is set to sell its 74% shareholding in Engen to Vivo Energy. However,
SONA 2023: President Cyril Ramaphosa to appoint a new minister focusing on Eskom
President Cyril Ramaphosa held his fifth State of the Nation Address on Thursday evening and there were a lot of major talking points, but Eskom topped the list. As opposition parties and South African citizens waited with bated breath to hear his plans and ideas as far as unemployment, crime, and the devastating cuts are
Tongaat Hulett appoints former Eskom boss Dan Marokane as interim CEO
Dan Marokane has been roped in by the struggling sugar producer Tongaat Hulett as an interim CEO. Marokane previously held the role of executive director and his new appointment takes effect on March 1. The appointment comes after the departure of CEO Gavin Hudson as previously reported by BusinessTech Africa. Hudson resigned from Tongaat Hulett
Cash-strapped Steinhoff announces plans to sell 6,5% of SA’s largest retailer Pepkor
Debt-ridden Steinhoff International has made an announcement that it intends to sell up to 6,5% of Pepkor. Steinhoff said on Wednesday that this move will mean it loses its majority stake in South Africa's largest clothing and household ware retailer by store footprint. Based on Pepkor's closing price on Wednesday, the sale could net Steinhoff
SA Agricultural sector urges Pres. Cyril Ramaphosa to declare it as an essential service
The South African agriculture sector has called on President Cyril Ramaphosa to declare the industry as an essential service. This statement was made by Agri SA as it pleaded with Ramaphosa to declare agriculture an essential service amid the country's worsening power crisis implemented by Eskom. Local farmers, who need the power to irrigate their
Aviation Cargo Exhibition & Conference returns to Kempton Park, Ekurhuleni
Air Cargo Africa is returning this year and it will be hosted in Kempton Park in Johannesburg this month. Engineering News reports that the organisers of the premier exhibition and conference Air Cargo Africa, Messe Muenchen India, have confirmed the development. The exhibition will be hosted at Emperors Palace in Kempton Park, from February 21 to
Zoom founder and CEO Eric Yuan announces he will take 98% salary cut
Zoom CEO Eric Yuan has announced that he will take a pay cut to the tune of 98% as the reason for laying off staffers. Yuan made headlines this week following the fact that he was laying off 1 300 workers and he told the media he would also be taking a 98% salary cut
<strong>Cape Town launches initiative to place the city as the gateway to Antarctica</strong>
The mayor of Cape Town Geordin Hill-Lewis has just launched a massive initative to position Cape Town as the ‘Gateway to Antarctica’. Hill-Lewis took the world’s most extraordinary day-trip from the Mother City to the remote continent on Monday. Per a statement from the City of Cape Town, the mayor was joined by Alderman James
Mining giant Anglo American decries Transnet’s continuous failures, calls for action
Mining giant Anglo American is now calling for a private-public partnership that will see Transnet back to its best. According to Anglo American's CEO, Duncan Wanblad, he says the partnership will improve performance at South Africa's state-owned rail and port firm Transnet. Transnet has failed to meet demand and has hampered the miners' ability to
Search for a new Eskom CEO is already underway says board member Mteto Nyati
The embattled power generator, Eskom, is already working hard to appoint a new CEO following the resignation of Andre de Ruyter. According to the Eskom board member Mteto Nyati, he said that the process to hire a competent and experienced CEO is already underway. The new CEO’s primary tasks will be to keep the lights
Burger King and several companies urge Cyril Ramaphosa to curb fuel tax levies
BusinessTech Africa has gathered that companies such as Coca Cola and Burger King have asked President Cyril Ramaphosa to cut fuel taxes. Per a report on Fin24, the Consumer Goods Council of South Africa (CGCSA) wrote a letter to Ramaphosa urging him to scrap the sugar tax, as well as suspend the fuel duty and
Mining Indaba: Mantashe calls on investors to put money as he unveils load shedding plans
South African mineral resources and energy minister Gwede Mantashe has urged investors to put money into the local economy. Mantashe was speaking during the ongoing Mining Indaba that is held in Cape Town and said the government had the plan to resolve load-shedding. During his opening address, Mantashe also presented a four-point plan that he
Ford South Africa starts exporting next-generation Ford Ranger
Ford South Africa has just begun exporting the new-generation Ford Ranger to the overseas market from its Silverton plant in Tshwane. The American carmaker announced that the pick-up truck is shipped to more than 100 markets and the leader is European which is the largest destination. The pick-up is being shipped to more than 100
Ambitious FlySafair looking to hire more crew members & increase its aircraft
South African low-cost airline FlySafair is now aiming to boost its capacity by adding new aircraft to its fleet. According to spokesperson Kirby Gordon, the domestic airline will add two planes in the next two months and also hire more crew. Speaking to IOL’s Business Report, Gordon said the airline’s purchase of new aircraft would
Thungela Resources acquire R4.1 billion majority stake in an Australian coal mine
BusinessTech Africa has discovered that Thungela Resources has announced that it has acquired a R4.1 billion majority stake in the Ensham coal mine. The acquisition in Australia sees the coal miner moving towards diversifying out of the South African market. The mining giant confirmed that the purchase consideration of AUD 340 million (R4.1 billion) was
“Opportunistic” SABC demanding TV licences for laptops and computers
The South African Broadcasting Corporation (SABC) is now looking to force viewers to pay television licences for computer monitors – reports Mybroadband. Information landing through to BusinessTech Africa says the SABC is now demanding that South African viewers pay TV licence fees for computer monitors, even if they are not using those devices to watch
Distressed Mara Phones South Africa expected to retrench its workers
As it was touted as a game changer as far the South African technology is concerned, Mara Phones SA project is set to cut jobs. BusinessTech Africa understands that MPSA, the company used to complete the management buyout (MBO) of embattled smartphone manufacturer Mara Phones SA, is now getting ready to retrench its employees. This
Lulalend raises R606 million & will unveil a new bank in SA by March 2023
South African digital money lender Lulalend is planning to introduce a new bank in the market as early as March 2023. As it remains a challenge for business owners in some African countries, Lulalend is making it easier for local startups to source funding. In South Africa, where the annual SME gap is about $20O