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2023 Mercedes-AMG C43 Sedan
Mercedes-Benz's AMG tuning arm has created the all-new 2023 C43 sports sedan, which is set to hit dealerships by the end of 2022. The C43 comes with a turbocharged 2.0-liter four-cylinder engine that produces 402 horsepower and is assisted by a 48-volt hybrid system. The engine's turbocharger setup is partially derived from the company's F1
Major Exporters Sends Oil Prices Soaring Above $84 a Barrel
The price of Brent crude oil surged above $84 per barrel after several of the world's largest oil exporters announced surprise cuts in production. Saudi Arabia, Iraq, and several Gulf states announced that they were reducing their output by more than one million barrels of oil per day. In addition, Russia has decided to extend
SES and Intelsat are considering to come together To counter Musk's Starlink
Following decades of rivalry, two Luxembourg-based satellite competitors are considering a merger in order to take on a space industry upstart – billionaire Elon Musk. If the merger is successful, SES and Intelsat will form Europe's largest satellite firm. They are both residents of the Grand Duchy of Luxembourg, one of the world's tiniest countries.
Purchasing Managers’ Index (PMI) ) ticked down slightly in March to 48.1 from 48.8 in February
The seasonally adjusted Absa Purchasing Managers' Index (PMI) fell to 48.1 in March from 48.8 in February. After a strong start to the year, the indicator indicated a worsening in business conditions in the manufacturing sector for the second consecutive month. Yet, when the performance of the business activity index is considered for the full
Cape Town will hold its largest electricity tender This week
This week, the City of Cape Town will invite bids for its largest power purchase deal of 500MW. To mitigate the impact of load shedding in Cape Town, the City is looking into shorter contracts with private power producers. According to News24, the next contract is part of a three-phase procurement procedure for load shedding
With planned property tariff increase, Johannesburg ratepayers might pay three times the inflation rate
According to Ben Espach, director of valuations at rates expert firm Rates Watch, if the City of Johannesburg follows forward with its proposed tariff rises based on updated property assessments, ratepayers might end up paying three times the rate of inflation more. "If the City of Johannesburg wants to act responsibly towards its ratepayers, it
Eskom has been excused from reporting irregular and wasteful spending in its accounts
Under a special government proclamation published on Friday by Minister of Finance Enoch Godongwana, Eskom was excused from declaring irregular and unproductive expenditure in its yearly financial statements. The gazette, which was released on the final day of the fiscal year, exempts Eskom from Section 55 (2) (b) I of the Public Financial Management Act
How might technological solutions alter Africa's response to the climate crisis
Africa's contribution to global emissions is around 2% of the total. Despite this, it is one of the regions most adversely affected by climate change. Climate resilience and people's ability to live amid a climate disaster are at the centre of climate tech efforts. But, the solutions must be tailored to the local environment, which
Africa's Richest People 2023
After a global downturn for markets in 2022, Africa's richest people have lost a total of $3.1 billion in the last 12 months. The continent's 19 billionaires are worth an estimated $81.8 billion, down from $84.9 billion held by 18 African billionaires a year earlier. The 3.6% drop in the Forbes list for 2023 after
Africa's Most Beautiful Countries in 2023: Top Six Most Developed
Africa, the world's most populous continent, is famous not just for its population, but also for its plethora of natural resources, economic prospects, human manpower, and awe-inspiring tourism attractions spread across the continent. This makes Africa an ideal site for adventure, and if you are seeking for the most beautiful African nations to explore or
Africa's Top 10 Fastest Growing Industries
Africa is the second-largest continent by area and population, with one of the world's shortest coasts. In terms of development and financial potential, though, there is no shortage of beached whales all around. Most African governments are integrating structural adjustment initiatives with historically successful companies in order to maximise production and raise employment rates. Several
Oppp launch its foldable smartphone
Oppo has launched its first true global foldable smartphone, the Oppo Find N2 Flip, which is aimed at a different market to its previous foldable offerings. The clamshell folding phone, which is available outside of China for the first time, is designed to be compact and stylish with a focus on productivity. The device features
Direct Flights Between China and South Africa Resume
The Gauteng MEC for Economic Development, Tasneem Motara, has expressed her pleasure at the resumption of direct flights between China and South Africa. She described the cancellation of flights between the two countries as having a negative impact on trade, investment, and tourism between them. The resumption of flights would restore economic ties that previously
Stranded Tesla Trucks due to Software Issue
Tesla Trucks, the all-electric trucks produced by Tesla, have been making headlines lately due to reports of breakdowns and being stranded on the side of the road. However, recent reports suggest that the cause of these incidents may not be related to mechanical issues but rather a software problem. While there is no way to
Ferrari Purosangue – Surprisingly Useful and Brilliant
The Ferrari Purosangue has caused quite a stir since its launch in September 2022, and for good reason. This is the first four-door vehicle from Ferrari, and it's a game-changer. It's higher off the ground, more spacious, and suitable for long trips, making it the most practical Ferrari ever made. The engine is special, too.
Africa's Best ten Travel Destinations
Africa is the world's second-largest and second-most-populated continent, with much more to offer than safaris, beaches, and the pyramids. Its 54 mainland countries and island states each have their own own history, tradition, and culture, which contributes to the allure of travelling throughout Africa. While its lengthy coastline is lined with stunning beaches and craggy
South African Court Orders PSG Wealth to Compensate Client for Cybercrime Fraud Losses
PSG Wealth Financial Planning has been ordered to pay a client more than R800,000 stolen by fraudsters through email cybercrime. The South Gauteng High Court in Johannesburg ruled in favor of Jan Jacobus Gerber, who sued PSG Wealth Financial Planning for the loss he sustained due to the unlawful electronic transfer of money intended for
Financial Regulator Set to Tighten Scrutiny on Transformation in the Industry, but Details Remain Scarce
The Financial Sector Conduct Authority (FSCA) has announced its intention to crack down on non-transforming companies, but has not provided any specific details on how it plans to do so. The regulator wants to scrutinize banks, insurers, and other financial institutions more closely in terms of their transformation progress, and it is calling for these
Coca-Cola's Efforts to Secure South Africa's Water Future
Coca-Cola has launched JAMII, an Africa-focused sustainability platform, to improve access to safe water and protect natural water resources. As part of the company’s 2030 Water Security Strategy, it aims to replenish 100% of the water it uses in its beverages by 2030. The Coca-Cola Foundation has launched four new projects that support water replenishment
Bigger rate hike impacts negatively for home and vehicle owners
On Thursday, the South African Reserve Bank (Sarb) announced a bigger-than-expected 50 basis points (bps) increase in the repo rate, taking it to 7.75% and pushing the prime lending rate of commercial banks to 11.25%. This is the ninth hike since the Sarb began its fight against stubbornly high inflation at the end of 2021,