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Beware dye-stained banknotes in South Africa
The South African Banking Risk Information Centre (Sabric) has warned that people in possession of dye-stained banknotes make themselves suspects of a criminal investigation. This warning followed civil unrest in KwaZulu-Natal and Gauteng, during which hundreds of ATMs were targeted by criminals. ATMs hold cash in special containers protected with dye-stain technology that is activated
Major food price increases in South Africa
The disruption to the Durban-Johannesburg food supply chain caused by rampant looting and the blocking of major distribution routes earlier this week will result in sharp food price increases. This is the warning from Mervyn Abrahams, an economist at the Pietermaritzburg Economic Justice Group’s (PMBEJD) low-income food inflation index, who recently spoke to City Press
How to get your tax clearance certificate online
If you are emigrating, investing large sums offshore, bidding on a tender, or simply need to prove your good standing with the taxman, you will need to use the Tax Compliance Status service on the eFiling portal of the South African Revenue Service (SARS). According to SARS, whether you are a business or an individual,
Woolworths reports 118% increase in online food sales
A pandemic-led boom in online shopping in South Africa has seen Woolworths report a 118% increase in online food sales in the 52-week period to 27 June 2021. “Online sales grew by 117.9% over the current year, contributing 2.3% to our South African food sales. This was further supported by the expanded click-and-collect offering and
Toyota issues warning about future in Durban due to unrest
Toyota is concerned about the violence and looting in KwaZulu-Natal and said it is not certain if it can continue to invest in the province or the country. It has been reported that Toshimitsu Imai, Toyota’s regional officer for Africa, wrote to eThekwini Mayor Mxolisi Kaunda to express his concerns. Mzolisi Witbooi, manager for corporate communications
Top construction companies in South Africa
Recent riots, looting and general lawlessness in two of South Africa’s major metros have ignited (quite literally) and negatively affected the tech industry in the country. The incidents have been centred around KwaZulu-Natal and Gauteng. Of course, the recent actions of some South Africans have affected many businesses — large corporations have lost factories, shops,
South Africa’s top ICT CEOs revealed
The top South African ICT leaders in terms of share price growth are MTN CEO Ralph Mupita, Adapt IT CEO Sbu Shabalala, Telkom CEO Sipho Maseko, and Huge Group CEO James Herbst. To assess the performance of tech CEOs, MyBroadband calculated the average annual share price growth during their tenure. This calculation revealed that 50%
Lerato Mataboge on why Intra Africa Trade matters
This talk focuses on the necessity and urgency for African countries to trade among themselves as a way to address economic challenges and recover from the negative impact of the COVID-19 pandemic. Lerato Mataboge is the Deputy Director-General, Department of Trade, Industry and Competition: Republic of South Africa. Previously, Acting CEO of Trade Africa, an
Investment options that are in your target market
Like most developing countries across the globe, a lot of countries in Africa are presenting a raft of exciting investment opportunities across a range of markets. To this end, new research from PwC projects that the value of traditional assets under management in 12 African markets peaked at around $1.098 trillion in 2020, up from a
10 Top female business leaders in Africa
The past few years have seen a rise in the number of women-owned businesses in Africa. Be it in IT, oil, mining, or in the aviation sector, female entrepreneurs are breaking gender stereotypes and showing that what a man can do, a woman can also do, if not better. Bold and fearlessly ambitious, these are
Angola seeks investors for 200,000 bpd Lobito refinery
Angola is calling interested companies and individuals to invest in its Lobito refinery. The public tendering process was launched on Friday by the country's oil minister. The refinery in Benguela province is projected to process up to 200,000 barrels per day when completed. According to the proposed corporate governance structure, private investors will own 70%
Social grant payments suspended
The suspension of cash payments to social grant beneficiaries across the country will be devastating should the unrest continue, says General Moyo of the #PayTheGrants campaign and member of the Fight Inequality Alliance. “Not only for those who were receiving or relying on the Social Relief of Distress grant, but many pensioners and disabled people;
Microsoft threatens to resurrect Clippy as an Office emoji
Microsoft is threatening to bring back its annoying loveable Clippy character. The software giant claims it will replace the paperclip emoji in Microsoft Office with Clippy if the tweet below gets 20,000 likes. The tweet has already surpassed that number, so it seems Clippy could be about to return as a more innocent emoji —
Twitter shuts down Fleets
Twitter Inc. is shutting down Fleets, the company’s version of disappearing stories, after it failed to win the enthusiasm of users. Twitter launched Fleets just eight months ago after testing the product in a handful of markets. The feature, which appeared prominently at the top of the app, let people share posts that disappeared after
FNB blocks Bitcoin credit card purchases from overseas
First National Bank (FNB) has started blocking its clients from buying cryptocurrency with their credit cards from overseas exchanges. One MyBroadband reader said that they tried to purchase a small amount of cryptocurrency through Binance on Thursday morning and were blocked. Binance is the largest cryptocurrency exchange in the world by trading volume, according to CoinGecko and CoinMarketcap.
Why it is essential that we pave a road for women in tech
The world is changing at a rapid pace, making us witnesses of a thrilling, tech-fueled era that humanity dreamed of reaching for decades. Even though the Fourth Industrial Revolution already took off in the mid-20th century, the Covid-19 pandemic intensified its momentum. A 2020 McKinsey Global Survey of executives found that the tech transformation accelerated by seven
4 ways to stand out as a small business in a crowded space
The past year has undoubtedly demanded pivots and change in more ways than anyone could have imagined. Businesses were catapulted into endurance mode with a singular focus: survival. As new survival methods (and messaging) became the norm, entrepreneurs fell into a pattern of using their message to bridge the gap from unprecedented to post-pandemic. The
Google fined €500-million in news copyright row
France’s antitrust watchdog slapped a €500-million fine on Google on Tuesday for failing to comply with the regulator’s orders on how to conduct talks with the country’s news publishers in a row over copyright. The fine comes amid increasing international pressure on online platforms such as Google and Facebook to share more revenue with news outlets.
iPhone 13 will get big screen upgrade
Apple Inc. has asked suppliers to build as many as 90 million next-generation iPhones this year, a sharp increase from its 2020 iPhone shipments, according to people with knowledge of the matter. The Cupertino, California-based tech giant has maintained a consistent level in recent years of roughly 75 million units for the initial run from
Major food shortages expected in South Africa
South Africans are expected to face major food shortages in the wake of days of violent unrest across two key provinces, as rioters upend supply chains by looting supermarkets and torching goods trucks. Footage of empty or sparse grocery-store shelves has been a staple of local news reports since the weekend, while chains such as