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WhatsApp outage in South Africa and other parts of the world
WhatsApp appears to be down for an extended period of time, affecting both South Africa and many other parts of the world. Users across all South African mobile networks reported that the service began acting strangely on Tuesday morning. Similar stories have emerged from Europe and India. When attempting to send messages, users initially saw
75% IS COMPLETELY IMPOSSIBLE- DBSA CHAIR
Professor Mark Swilling, chair of the Development Bank of Southern Africa (DBSA), believes that the task set for Eskom’s new board of directors to achieve an energy availability factor (EAF) of 75% is impossible. Swilling, who is also a member of the National Planning Commission (NPC), stated at the Kgalema Motlanthe Foundation (KMF) forum on
Legal action underway for Dis-Chem over ‘no whites’ policy
Trade union Solidarity says it will press ahead with its lawsuit against Dis-Chem over its policy of not hiring or promoting any white South Africans in order to boost its transformation agenda. The legal actions follows Dis-Chem withdrawal of a contentious memorandum that was leaked to the public this month. Stating unequivocally that white South
NORTHERN CAPE BIG TARGET FOR INVESTMENT
President Cyril Ramaphosa has praised the Northern Cape as a fertile ground for investment and a target for large investments in the near future. According to the President, the Northern Cape has been able to create mare jobs, and unemployment has been steadily decreasing in comparison to other provinces. “The Northern Cape is a big
Tariff hike rejected by major metropolitan municipalities
The high court has ruled that energy regulator Nersa’s methodologies for calculating increases were illegal and invalid. South African households that get their power supply from municipalities should no longer face unfair hikes in the future. The court has given Nersa a year to improve its method. In an interview with the City Press, the
Mminele, the presidential climate finance task team, condemns leaked draft documents
Daniel Mminele, the head of the of the Presidential Climate Finance Task Team, has criticized “speculation coverage” of a leaked draft document claiming that the $8.5 billion In climate funding pledged to South Africa will be mostly in the form of loans. Speaking to News24, Mminele stated that the final “correct” version of the plan
Western Cape has a new large economic development zone with R21 billion investor pipeline
The Freeport Saldanha Industry Development Zone is expecting R21 billion in investment, thanks to the historic signing of a Memorandum of Understanding (MOU) between the entity and Sasol. Mireille Wenger Finance and Economic Opportunity MEC and Western Cape Premier Alan Winde applauded a collaboration announced Wednesday between Sasol and ArcelorMIttal SA to produce sustainable fuels
Good news for South African flight tickets
FlySafair, a South African low-cost airline, predicts that local flight prices will fall to more familiar levels by February 2023. This comes after a period in which volatility and a lack of airline seat supply caused a temporary increase in the average cost of a flight ticket. Kirby Gordon, FlySafair chief marketing officer, said, “We
SA’s ideal power system could cost up to 3.1 trillion
South Africa’s ideal power system, which is both cost effective and emits the fewest greenhouse gases, consist of solar PV, wind, and battery storage. According to a report by the National Business Initiative (NBI), the capital required for such a system range between R2.3 trillion and R3.1 trillion. The NBI, in collaboration with Just Share
MRI SOFTWARE OBTAINS TPN GROUP
MRI Software, a provider of real estate software solutions, has obtained Johannesburg-based credit bureau TPN Group as part of its expansion into the South African market. MRI announced the acquisition on Wednesday, saying that bringing TPN on board will strengthen its capabilities in its property management and accounting software portfolio, an area where TPN has
South Africa faces bad news as interest rates rises
South Africa interest rates will only cease if inflation remains below the midpoint of the central bank’s target range, according to Reserve Bank Governor Lesetja Kganyago. The bank’s official target range for price growth is 3% to 6%, but its monetary policy committee prefers to anchor inflation expectations near the middle of that range. According
ESKOM LENDERS SEEK HELP FROM PwC
Eskom lenders have hired PrincewaterhouseCoopers (PwC) to assist them with negotiations. According to News24, the banks asked consultants at PwC to assist them with negotiations. Representatives of PwC and Eskom didn’t immediately respond to request for comment. Those who are familiar with the situation at hand, who aren’t authorized to speak about the matter and
Pick n Pay increase it’s turnover under Ekuseni strategic plan
In May 2022 Pick n Pay group launched Ekuseni strategic plan, which resulted to growth of medium-term sales and profit targets with dividend of 25.3%. Pick n Pay shared their full H1 FY23 interim results announcement. According to Pick n Pay, the Group delivered a positive performance in its first trading period under the Ekuseni strategic
EXPECT FUEL INCREASE IN NOVEMBER
The Automobile Association(AA) warns consumers to brace themselves for more expensive fuel in november, as mid-month data from Central Energy Fund(CEF) shows increase to all fuels are likely in the new month. The latest daily exchange rate provided by CEF shows that petrol prices are currently under-recovery of 51 cents per litre, and diesel with
SARS TO INTRODUCE NEW ‘TRAVEL PASS’ TO TOURISTS ENTERING OR LEAVING SOUTH AFRICA
South African Revenue Services (SARS) says it will implement an online traveller declaration system for all travellers including South African citizens and residents, children, and infants. According to revenue service, the system will be installed in all South African International Airports. And will be introduced at OR Tambo International Airport on 1 November 2022, followed