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S&P confirms SA's ratings and maintains a positive outlook
Standard & Poor's maintained South Africa's credit ratings unchanged on Friday night. Its outlook remains "positive" implying that the next step could be an upgrade. While load shedding and rail problems are weighing on the economy, the US credit rating agency believes that government interventions to increase private sector activity and reforms at some key
Smokers may face jail time if they violate new proposed tobacco laws
The proposed changes to tobacco laws by the Department of Health could result in smokers facing jail time for smoking cigarettes and e-cigarettes indoors and failing to comply with other prohibited smoking legislation. Cabinet approved amendments to the Tobacco Products Control Bill in Parliament earlier this year that could prohibit all smoking indoors. The proposed
According to reports, Meta accused employees of improperly accessing user accounts, sometimes in exchange for bribes
According to a Wall Street Journal report on Thursday, Meta fired dozens of employees after accusing them of using an internal tool to gain unauthorised access to Facebook user accounts, with some of the activity allegedly taking place in exchange for bribes. Some of the fired employees were contracted security guards at Meta's facilities who
How an honest Prasa employee refused corrupt money and helped uncover fraud
The Passenger Rail Agency of South Africa (Prasa) reported a "flood of fictitious personal liability claims" in its most recent annual report for 2021/22, and says an investigation into these complaints is underway. A Prasa investigation report into fraudulent claims worth at least R9 million, processed by Prasa's insurance department, was obtained by GroundUp. This
Twitter is engulfed in flames as hundreds of employees resign
It hasn't even been a month since billionaire and tech enthusiast Elon Musk took over Twitter, and things have gone horribly wrong, with employees being fired, asked to return, and now deciding to quit. He famously entered the headquarters of the social media platform with a sink and tweeted, "Let that sink in." This has
SARS explains how the new 'travel pass' for South Africa works
The South African Revenue Service (SARS) has clarified the new South African Traveller Online Declaration System's rollout. SARS announced in mid-October that a new 'travel pass' system would be implemented in the country, but provided little to no detail on the process or who would be affected. This caused widespread consternation among travellers and travel
After dropping a bidder over paperwork, the court orders Eskom to scrap an R16 billion tender
A court has ordered Eskom to cancel an R16 billion tender award for the maintenance of high-pressure boilers and pipes at its 15 coal-fired power plants after it disqualified one of the bidders unfairly. The tender must be re-advertised within two months of the court order, and bidders must prepare their bids within two months.
Eskom secures R180 million for new Grootvlei power station training facility – De Ruyter
Eskom has received a €10 million (R180 million) grant from the German development bank KfW to establish a renewable energy training facility at Mpumalanga's Grootvlei coal power station. On Thursday, Eskom CEO André de Ruyter mentioned the agreement at COP27 in Sharm El-Sheikh, Egypt. He was speaking about the steps taken to repurpose its coal-fired
South Africa should brace itself for a significant interest rate increase next week, according to economists
The Monetary Policy Committee of the South African Reserve Bank will meet next week to discuss the country's final rate hike decision for the year, with an announcement expected on Thursday, November 24. Given the weak economic outlook for South Africa in the third quarter, combined with still-high inflation, Investec chief economist Annabel Bishop expects
Seven public sector unions representing 800,000 employees have called for a one-day strike
Seven public-sector unions representing 800,000 members have pledged to disrupt service at offices, including hospitals and courts, on a national day of action next Tuesday in protest of the unilateral implementation of a 3% baseline increase in public wages. The national day of action will include a march to the National Treasury offices in Pretoria,
In South Africa, sharing these messages on WhatsApp can land you in serious legal trouble
According to Michael Visser, a legal advisor at Legal&Tax, the internet is no longer a place with no consequences, and things that happen online no longer stay online – even sharing a message can land you in hot water. South Africa has recently joined the global trend of taking a strong stance on what is
Meet South African Professor Abdon Atangana, the world's second-best mathematician
In Stanford University's Top 2% of Scientists in the World, a Professor from the University of the Free State (UFS) was ranked as the world's second-best mathematician and 188th in all of science, technology, and engineering. Professor Abdon Atangana, 37, originally from Cameroon, has lived in Bloemfontein for the past 12 years and is an
Elon Musk will testify in court about his R865 billion Tesla pay package
Elon Musk, the CEO of Tesla, will testify in court on Wednesday as part of a trial over his $50 billion (R865 billion) pay package as CEO of the electric car giant.Musk will testify in the same Delaware court where he was sued by Twitter to ensure he completed his buyout of the social platform.
60% of South Africans polled prefer a four-day workweek in order to have more free time
South Africans are eager to embrace the seemingly radical four-day workweek. Employees in this mode of work have more time away from the office to rest, spend time with loved ones, and engage in recreational activities. Non-profit corporation 4 Day Work Week South Africa will test this futuristic work structure in businesses that have chosen
Vodacom spends a record R5.8 billion on its South African network as it battles load shedding
Vodacom, South Africa's largest mobile operator, which has been dealing with power challenges and the effects of rising inflation, says it spent a record R5.8 billion on its local network in the first half of the year, including batteries, in order to ensure a more resilient network for customers. For the past two years, the
Transnet possible sabotage cost SA billions
Transnet Freight Rail (TRF) is looking into possible sabotage along its main coal line, which is costing South Africa a billion rand per day. Tuesday, November 8, 2022, near Ulundi in KwaZulu-Natal, one of the rail transportation company’s trains derailed after TFR received numerous threats on Monday. Several coal wagons were damaged by the crash,
Telkom to take a massive hit as a result of load shedding and a shifting customer base
Telkom has warned shareholders that it expects its headline earnings for the first half of the year to take a massive hit as a result of load shedding and a shifting customer base. The group said in a trading statement issued ahead of its interim results for the six months ended 30 September 2022 that
Gidon Novick's resignation from the board of The Takatso consortium
Gidon Novick's resignation from the board of The Takatso consortium, which was chosen as the new majority shareholder of SAA last year, has been officially announced. Novick, the co-founder of low-cost airline Lift, announced his resignation to News24 on Monday. He allegedly noted a lack of openness in the transaction's development, which began 15 months
DStv develops a new strategic value-add that will provide customers with more new content
MultiChoice and DStv have taken steps to close the digital information gap with a new strategic value-add that gives customers access to more of their favourite content. DStv Internet now provides uncapped fibre connections, more streaming, and more entertainment. They are jumping on board with high-speed and easily accessible service. This service was created in
WhatsApp is changing its privacy policies in anticipation of new features
WhatsApp has updated its privacy policies in preparation for new features. The updates include the messaging app's Communities service and how it will interact with wearables such as Facebook's Ray-Ban glasses. A spokesperson for the Meta-owned service said, “We’re looking forward to bringing new features to WhatsApp this year and are giving people in the