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New entry-level crossover SUV to grace South Africa
The Trendline is a new entry-level version of the Volkswagen T-Cross compact SUV that will be available in South Africa. The Volkswagen car brand, developed in Germany, is quite popular among South African motorists, with the VW Polo being the most well-known model. The T-cross is the Polo's bigger sibling, fulfilling demand for larger SUV/crossover
Warning over South Africa's new national minimum wage
While a rise in the National Minimum Wage (NMW) in South Africa was necessary, the 9.6% increase that was eventually enacted puts small and medium-sized businesses in jeopardy and may spell the end for many. According to Daniel van der Merwe, attorney and National Collective Bargaining Co-ordinator for the Consolidated Employers' Organisation (CEO). Van der
South African buying habits have shifted dramatically
South Africans made a substantial shift to smaller stores and companies as rising gasoline, food, and transportation expenses led households to reduce costly shopping excursions. South Africa's fast-moving consumer goods (FMCG) sales increased in 2022, with smaller merchants thriving despite persistent power outages. The FMCG industry expanded to R547 billion in sales in 2022, a
It’s not that bad- President Ramaphosa on South Africa’s greylisting
According to President Cyril Ramaphosa, South Africa's inclusion on the Financial Action Task Force's (FATF) global grey list is troubling, but "less dire" than others think. The president stated in his weekly message to the nation that the country has gone through a thorough process of correcting the concerns presented by the global financial watchdog,
American Embassy in South Africa issued a warning to stock up on food and water
The US government has advised its nationals in South Africa to stockpile three days' worth of supplies, which should include non-perishable food, three litres of drinking water each day, and medicine and first aid supplies. It also predicts that load-shedding would persist through 2023. The security notice was issued by the US embassy shortly after
Van Ruyter informed Gordhan about two ministers implicated in Eskom wrongdoing
Former Eskom CEO André De Ruyter told Public Enterprises Minister Pravin Gordhan of two cabinet members' alleged participation in a crime that has devastated the company. According to two people involved with a private investigation into the Mpumalanga coal cartels, this is according to the Sunday publication Rapport. In an interview with Annika Larsen on
Twitter laying off even more people
Twitter Inc. lay off additional employees late Saturday in a new round of cost-cutting measures at the social networking business now controlled by Elon Musk. According to those familiar with the matter, the layoffs affected staff across the organisation, including engineering and product. Some employees were informed of their dismissal through email late Saturday, according
Solana blockchain network experienced a protracted slowness
After a technical issue caused an hours-long lag over the weekend, those that administer and maintain the Solana blockchain rebooted the crypto network. It is the most recent in a string of outages, technical challenges, and processing glitches that have plagued Solana since its launch in 2020. After a malfunction triggered a protracted outage in
Huawei becomes member of the Global Alliance for Literacy
On Sunday, March 26, 2023, Huawei joined the United Nations Educational, Scientific, and Cultural Organization's (UNESCO's) Global Alliance for Literacy (GAL). It is the first private firm to join the GAL as an associate member. Huawei and the Unesco Institute for Lifelong Learning (UIL) have pledged to use technology to improve literacy in 30 countries.
Kusile chimney collapse was caused by Eskom administrators overruling engineers
The decision by Eskom management to boost the load on Kusile Power Station Unit 1 to full capacity, despite the advise of its experts, resulted in the tragic collapse of a duct, which has contributed about two phases of load-shedding since late October 2022. According to an internal study obtained by the Sunday Times from
Pointers for potential South African home buyers In 2023
South Africa's property market is now in a seller's market, according to property analyst Grant Smee, and putting down a substantial deposit and factoring in interest rate rises is critical for prospective house buyers in 2023. Purchasing a home at a period of high inflation can be difficult, particularly in South Africa, where interest rates
These are the most dependable car brands in 2023
According to the JD Power US Vehicle Dependability Study (VDS) for 2023, the Toyota C-HR and Lexus RX are tied for the most dependable vehicles. JD Power's VDS, currently in its 34th year, examines how 2020 model-year cars perform in terms of component replacement, attractiveness, and quality, including vehicles equipped with innovative technologies. The VDS
South Africa has officially been greylisted
South Africa has been added to a global financial watchdog's so-called grey list, which identifies countries with deficiencies in combating illegal financial flows, a decision that will tarnish the country's worldwide reputation and may increase costs for banks and asset managers. The Financial Action Task Force (FATF) announced the judgement on Friday. Nigeria, Africa's largest
André de Ruyter's allegations of Eskom tender corruption
Former Eskom CEO André de Ruyter claims that design criteria for systems at the Kusile power station were modified in order enable ANC-connected Hitachi Power Africa to win the project. He further blamed South Africa's energy issue on the endemic ANC-supported corruption at Eskom, and "evidence suggests" the ANC was exploiting the state-owned power firm
Microsoft is integrating its Bing AI chatbot into mobile apps and Skype
According to a blog post, Microsoft is extending its Bing AI chatbot to the Edge and Bing mobile applications, as well as Skype. Individuals who have access to the tool's preview may now access it via their Microsoft account on the Edge and Bing mobile applications, and talk with it one-on-one or in a group
Netflix has reduced its rates in over 100 countries by up to 60%
Netflix has reduced its fees in over 100 countries or territories, but not in South Africa. The reductions are being offered in five key regions: Sub-Saharan Africa, Central and South America, the Middle East and North Africa, Central and Eastern Europe, and Asia Pacific. Botswana, Kenya, Zambia, Zimbabwe, Morocco, Indonesia, Malaysia, Vietnam, and the Philippines
January PPI inflation for final manufactured goods eased slightly more than expected in January
Stats SA yesterday reported the PPI data for January based on revised weights. Producer inflation for final manufactured goods fell for the third consecutive month to a ten-month low of 12.7% y/y in January from 13.5% in December. This result was somewhat lower than our prediction of 12.9% year on year and the Thomson Reuters
Google Maps' dominance is being investigated
According to three individuals familiar with the inquiry, the US Justice Department is looking at Google's mapping dominance, renewing a strand of its long-running antitrust investigation into the search engine. Department attorneys have been collecting information and re-interviewing prospective witnesses, according to the sources, who spoke on the condition of anonymity to discuss an ongoing
R15.5 billion funding for South Africa's law enforcement and defence force
South Africa is beefing up its security and prosecutorial agencies in an effort to combat chronic crime and corruption, which has sparked public fury and damaged the country's reputation among investors. The national budget, which was published in Cape Town on Wednesday, gives an additional R7.8 billion to the police force over the next three
MTN increases contract fees
MTN has stated that the monthly subscription prices on its consumer cellular contracts would be increased by an average of 5.1% beginning April 1, 2023. The rises were prompted by a "challenging market environment placing pressure on the industry," according to the mobile network provider. “The impact of the inflationary environment has resulted in increased