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Eskom COO Jan Oberholzer: “Load shedding will be here for 18 months”
South Africans have to get used to load-shedding woes and that is the sentiment shared by Eskom Chief Operating Officer Jan Oberholzer. Oberholzer says Eskom will implement load shedding for the next 18 months and that it won’t be able to end until sufficient generating capacity is added to the electricity grid to meet demand.
Shoprite’s money market app scoops top accolade as Most Innovative Solution
South African retailer, Shoprite scooped a major accolade during the awards ceremony organised by a mobile telephone operator, MTN. Shoprite was an overall winner at the MTN Business App of the Year Awards 2022 on Thursday as the company bagged the biggest prize for its Money Market account application. The retail group, Shoprite, also claimed
Insurance covers: What you need to know and how to save on insurance
While South Africans are grappling with high levels of crime, disasters such as the one that hit the province of KwaZulu-Natal this year and not discounting the violent looting sprees, it should always be a wise move to have insurance for different needs. Apart from covering your assets such as a car or house to
MTN SA customers left stranded as the company probes 4G and 5G outages
While busy conducting an investigation into the network outages, MTN South Africa has apologised to its customers who are experiencing network and connection challenges. The mobile operator, MTN, suffered massive outages on Wednesday at its 4G and 5G sites and the company is investigating the cause of the problem. As per the company’s social media
AngloGold Ashanti announces plans to cut down carbon emissions by 2030
Gold mining giant, AngloGold Ashanti has outlined plans to cut down carbon emissions and the company is targeting 30% by 2030. The gold mining company, AngloGold Ashanti released the plan on Wednesday, saying the target aims to achieve a 30% absolute reduction in its Scope 1 and 2 greenhouse gas (GHG) emissions by 2030. As
SABC CEO laments Olympic broadcast rights as it lost R201 million in 2022
Another struggling state-owned entity, SABC, has pointed out the factors which led to corporations’ struggles when it comes to finances. The state-owned broadcaster, SABC’s financial struggles are well documented and it says costs associated with its public mandate – notably sports rights to broadcast the Olympics – contributed to the R201 million net loss it
Embattled SAA reveals expansion plans to humble critics, buys new aircraft
The embattled national carrier, South African Airways (SAA), says its current business plan was to ramp up operations aggressively. Despite all the documented struggles facing the airline, SAA announced it planned to implement a fleet strategy that would continue to gain momentum in growing its regional-continental services and introduce international-long haul services. Local media reports
Coal producer Kumba Iron Ore concerned with Transnet’s ongoing strike
Despite saying it will continue to monitor the situation surrounding Transnet and its striking workers, Kumba iron Ore has expressed concerns about production and export sales. The mining company, Kumba Iron Ore, released a statement that the force majeure declared by parastatal Transnet last week – after their workers downed tools and embarked on a
Competition Tribunal approves African Bank to acquire 100% Grindrod Bank
African Bank’s move to buy Grindrod Bank has been approved and the financial institution has confirmed the latest business transaction. African Bank says it has achieved all the approvals to acquire 100% of Grindrod Bank and the banker released a statement to the media. The company, African Bank, confirmed that all the conditions precedent to
PRASA officials working on total rebuild PRASA & not on recovery – strategy GM 
The Passenger Rail Agency of South (PRASA) says it is not working to recover the state-owned company but to rebuild it as per an official. PRASA strategy General Manager Anna-Marie Lubbe says they are working to ensure the company returns to its best as far as operations are concerned. Speaking during a transport forum event,
Tharisa Minerals report seven fatality-free years at its operations
South African-based platinum and chrome miner Tharisa has announced a record of seven fatality-free years in its operations. Tharisa, listed in the Johannesburg Stock Exchange and London, reported a considerably higher production in the 12 months to September 30 on Tuesday. The company, Tharisa, says production increased across the board with improved recoveries at the
South African tobacco industry fears job losses due to proposed new bill
The South African tobacco industry has decried the changes and introduction of the new bill aimed at curbing smoking, saying it could have the opposite effect. The Tobacco Products and Electronic Delivery Systems Control Bill seeks to change where people can smoke and how cigarettes are packaged. However, South African tobacco manufacturers say there are
German automaker BMW sees growth in demand for all-electric vehicles
German carmaker, BMW, says there is a growing demand for electric cars, announcing it has sold a total of 128 196 fully-electric BMW and MINI vehicles in the first nine months of 2022. The company, BMW, says the growth comes as sales of electric vehicles (EVs) rise strongly across the globe and this is more
Low-cost airline FlySaFair expands routes and announces new destinations
FlySaFair has received authority to operate flights to 11 new destinations and BusinessTech Africa has gathered that information. This comes as more and more airlines disappear from South African skies but there is some hope for travellers as a low-cost airline, FlySafair expanded its routes. FlySaFair is set to fly to new destinations as the
Ongoing Transnet strike leaves 30 vessels stuck in South African harbours
As the strike continues to hit Transnet, workers have left the economy crippled and there are almost 30 vessels stuck across the country. Media reports in South Africa suggest that the Transnet strike has caused major blows to the economy and that Transnet harbours – apart from East London – have been hit by mass
Minister Thoko Didiza says wine exports are back to pre-Covid 19 levels
South African minister of Agriculture, Land Reform, and Rural Development Thoko Didiza says the wine industry has returned to the pre-Covid 19 pandemic levels. Didiza says the revenue from South African wine exports increased by 21% to $750 million (R14 billion) in 2021. The minister, Didiza, is delighted with this improvement as it marks a
Shoprite increases solar capacity in the midst of power crisis in South Africa
South Africa’s leading retailer Shoprite has announced an increase in its solar capacity by 82% in the last 12 months. The company, Shoprite, said the increased capacity has eased the burden on the national electricity grid amidst the challenges facing the country as far as energy is concerned. Shoprite released a statement at a time
Google launches Google Cloud to be hosted in South Africa, first in Africa
Google has announced a major step towards ensuring the African continent has an improved infrastructure by launching a cloud service. Google Cloud infrastructure will be hosted in South Africa and this is the first service in the African continent, the cloud service specifically for the African continent. The company, Google, announced on Wednesday saying the
Sibanye Stillwater eyeing to buy Zambia’s struggling Mopani Copper Mine
South African mining company, Sibanye Stillwater, is reportedly eyeing to buy a stake in Zambia's Mopani Copper Mines. According to reports, Mopani Copper Mines is looking for new investors after Glencore sold the asset and Sibanye Stillwater has expressed interest. Mopani Copper Mine and smelter complex is now looking to get under new owners as
Eskom to ease load-shedding in the next few days, buying power from Zambia
As the power cuts continue to hit many economic sectors in South Africa, Eskom CEO Andre de Ruyter says they are working hard to ease the load shedding. Eskom’s de Ruyter says they have already started buying power from neighbouring Zambia and they are talking to Mozambican authorities. Speaking to Radio Sonder Grense, the Eskom