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IN THE PRIVATE PROSECUTION MATTER BETWEEN ZUMA AND RAMAPHOSA, A JUDGMENT IS EXPECTED
President Cyril Ramaphosa has asked the courts to intervene in his private prosecution by Jacob Zuma in his case against State prosecutor Billy Downer and journalist Karyn Maughan. The Johannesburg High Court will hear the presidential confrontation between President Cyril Ramaphosa and his predecessor, Jacob Zuma, on Monday morning. Ramaphosa has asked the courts to
Ramaphosa skips Davos to join the rest of South Africa in the dark
To cope with the domestic national power issue, President Cyril Ramaphosa has opted to forego the international World Economic Forum (WEF) in Davos, Switzerland. Vincent Magwenya, the President's spokesman, announced in a tweet on January 15, 2023: “Due to the ongoing energy crisis, President Cyril Ramaphosa has cancelled his working visit to the World Economic
Here is the anticipated fuel price for February
Due to increased worldwide petroleum costs, mid-month data from the Central Energy Fund (CEF) predicts a lesser decline in petrol and diesel prices in February 2023. According to CEF statistics, as of 13 January 2023, petrol prices are predicted to fall by up to 25 cents per litre, while diesel prices are expected to fall
Plans to sue Eskom and the government for load shedding at stage 6: report
According to the City Press, the Department of Public Enterprises, Eskom, and the National Energy Regulator of South Africa (Nersa) may end up in court over load shedding. Tembeka Ngcukaitobi SC, a prominent attorney, stated to City Press on Friday (13 January 2023) that he has the support of important organisations and people to take
Foreigners are paying more than R20 million to demolish bungalows in Cape Town
Despite the fact that tourists have returned home, demand for residential property in Cape Town remains strong, according to Basil Moraitis, regional manager for Pam Golding Properties in the Western Cape. “We’ve experienced a busy festive trading season on the Atlantic Seaboard with sales to the value of R200 million concluded during December (2022) alone,
Report: Major upheaval for fast-food establishments such as KFC and Nando's
As a result of load shedding, several of South Africa's favourite fast-food franchises are battling with supply and being forced to close. KFC announced in December of last year that load shedding had disrupted the availability of several important menu items. Nando's has also suffered as a result of the company's struggles. According to Mike
'Kraken' Covid-19 variant: South African health experts urge caution and caution against social media hysteria
The Kraken has arrived, but there is nothing to worry from this latest strain of the Covid-19 virus – and don't spread alarm on social media. That's the word from some of the country's leading Covid-19 specialists, who unanimously concur that, despite its terrifying mythological connotation (a massive mythical sea monster thought to appear off
A judge has barred a class-action lawsuit against Twitter based on severance pay
The decision requires laid-off employees to pursue their claims in individual arbitration. Twitter obtained a judgement that requires a group of laid-off employees who are suing the firm over their severance payouts to pursue their claims in individual arbitration rather than via a class-action lawsuit. Hundreds of employees who were fired off after Elon Musk
Thoko Didiza establishes a task force to examine the impact of power outages on the food and farming industries
Industry executives have raised concerns about food security as a result of the unpredictability of load-shedding. Thoko Didiza, Minister of Agriculture, Land Reform, and Rural Development, will assemble a task force to examine the impact of load-shedding on the agriculture, food, fibre, and beverage industries. This follows a meeting on Friday with sector executives to
MTN Ghana has been slammed with an R13 billion penalty for overdue taxes
Carrier claims it opposes the assessment's "accuracy and basis" and intends to contest it. According to the parent company, the Ghanaian unit of South African telecom provider MTN Group has received a bill for overdue taxes totaling $773 million (R13 billion), including fines and interest costs. The Ghana Income Authority issued the bill to MTN
Analyst: Stage 8 load shedding might become a new reality
According to an energy expert, Stage 8 load shedding may become a new reality, implying that South Africans would be without electricity for more than 12 hours every day. Mzansi, prepare for more gloom! According to energy expert Lungile Mashele, Stage 8 load shedding is on the way, which implies that people would be without
South Africa's digital banking conflict
South Africans who wish to create a bank account without having to visit a branch have numerous options. Bank Zero, Discovery Bank, and TymeBank are the three biggest banks in South Africa with digitally oriented offers that operate without physical locations. TymeBank is by far the most popular alternative in terms of raw numbers, with
DStv will launch its first new channel in 2023
Later this month, DStv will receive Qwest TV, a new music-focused channel. In a tweet on Thursday, the satellite TV broadcaster confirmed the channel's arrival. Qwest TV predominantly includes R&B, soul, and jazz music chosen by Quincy Jones, a prominent American record producer and musician, and guest curators. The channel bills itself as a “hand-picked
South Africa is on edge as Eskom raises its prices
Energy regulator Nersa's decision to allow power supplier Eskom an almost 19% price increase for energy tariffs in South Africa will send shockwaves across the economy, and consumers and companies will suffer as a result. This is the warning from many sectors of society, including authorities in the country's largest cities and analysts who observe
Best financial management software for businesses in South Africa
One of the defining characteristics of a company is how it handles money, which includes cash flow, accounting, financial planning, and compliance, and numerous firms offer all-encompassing financial management software. SAP, Oracle, and Workday are some of the greatest financial management software suppliers, and their solutions may assist South African firms simplify their financial management.
Microsoft provides employees with unlimited vacation days
According to The Verge, Microsoft will provide its employees with limitless leave days in the United States. It referenced an internal message delivered to staff on Wednesday by Microsoft chief people officer Kathleen Hogan. The new unlimited vacation policy is known as "Discretionary Time Off," and it applies to all paid Microsoft employees in the
CONSUMERS WAIT FOR NERSA'S DECISION ON THE ESKOM PRICE HIKE APPLICATION
If Eskom gets its way, households and businesses may face increased energy bills beginning in April. South African consumers await the National Energy Regulator of South Africa's (Nersa) decision on Eskom's revenue proposal with bated breath. If Eskom gets its way, households and businesses may face increased energy rates. The electricity company proposes a 32%
Jack Ma: tycoon who soared on China's tech dreams grounded by regulators
Since a Communist Party crackdown reduced his empire, Jack Ma, the unorthodox billionaire founder of digital giant Alibaba and the icon of China's entrepreneurial prowess, has stepped out of the spotlight. Ma, the most recognisable face in Asian business, has seen his fortune plummet by about half, to an estimated $25 billion, after regulators cancelled
Homeowners should brace themselves for another interest rate increase this month
Property owners in South Africa may have to pay extra on their house loan instalments at the end of this month, as the repo rate is expected to rise again. The best-case scenario forecast predicts a 0.25% rise, while the worst-case scenario predicts a 0.75% increase. The present interest rate of 10.5% will be raised
Analyst predicts Stage 7 load shedding
South Africans should anticipate load shedding to worsen in 2023, according to Intellidex analyst Peter Attard Montalto, who predicts stage 7 – or greater – load shedding by the middle of the year. Attard Montalto told The Money Show on 702 that load shedding remained one of the biggest threats for South Africa in the