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Sheep farmers face challenging times in South Africa due to lower demand
According to Johnny van der Merwe, sheep prices are likely to remain low in 2023 and this is because of lower demand. Van der Merwe is the managing director of agricultural markets analysis company AMT and believes that South Africa’s sheep industry has continued to decline due to the effects of devastating drought in some parts
Takatso Airways is confident of successfully acquiring a stake in cash-strapped SAA
Takatso Airways has vowed to go ahead with the purchase of the embattled state-owned airline, South African Airways. The Global Airways Consortium unit, Takatso Airways, insists it is moving ahead and equipped for the 51% takeover of SAA. This comes despite insiders saying the recent ANC conference was a watershed moment for the deal as
Toyota announces new CEO Koji Sato as he succeeds Akio Toyoda
Japanese carmaker Toyota has made changes in its top managerial structure by announcing Koji Sato as the new CEO. Sato has an engineering and diesel engine background and becomes the new CEO of Japan's top carmaker Toyota, he will be tasked with navigating the company's shift to clean energy. In a statement from the automaker,
Spain’s Torsa opens doors in Johannesburg but eyeing Zambian Copperbelt region
Spain-based mining technology firm Torsa has jut opened its doors in Johannesburg as it looks to reduce mining incidents and deaths. Torsa launched its pan-African business hub in South Africa and BusinessTech Africa understands that this was in line with a presidential Memorandum of Understanding signed at the end of 2022. The MoU was signed
Checkers explains motive behind running adverts in UK and Australian media
Despite not operating stores in Australia and in the United Kingdom, South African retailer Checkers has embarked on a huge marketing drive. The household and grocery store says it wants to remind South Africans living in the two countries that the country is still the best place to live in. Checkers has placed adverts in
Transnet to sell first international bonds in more than 10 years
South African rail agency Transnet has began a new $6 billion bond sale programme into the international capital market in more than 10 years. As the operator of South Africa’s ports and freight-rail network, Transnet announced that it’s planning to soon sell a dollar-denominated note that will account for part of the total. BusinessTech Africa
Eskom load shedding forces platinum miners to limit underground operations
South African platinum mining companies said the worst-ever power cuts have forced them to limit underground operations. Platinum and palladium supplies are threatened by ongoing power cuts that are implemented by Eskom. Outages last year curbed output of the metals, and the power crisis that’s crimping the economy has worsened in recent months. The nation’s
Eskom intends to lay off 500 white maintenance employees
According to Solidarity, Eskom plans to lay off 500 white male employees, the majority of whom work in maintenance, over the next two years. The union indicated that this is part of the utility's most recent Employment Equity (EE) Plan for 2023 to 2025. To assist alleviate the electricity crisis, the organization's legal team has
Huawei launches the Mate 50 Pro in South Africa — price and details
Huawei has announced the launch date and price of its next flagship smartphone, the Mate 50 Pro, in South Africa. In September 2022, the Huawei Mate 50 Pro will be introduced in the company's other main worldwide markets. The symmetrical body design of the premium smartphone is highlighted by a large aluminium alloy camera ring
Shutterstock has launched an AI picture generator that predicts how Julius Malema, Helen Zille, and Jacob Zuma will look like
Shutterstock is the latest business to develop an AI picture generator that allows users to generate images using text prompts. Shutterstock's Creative Flow toolbox, a media production and editing suite, includes the functionality. Shutterstock chief executive officer Paul Hennesy said the business has been working with strategic partners including OpenAI, Meta Platforms, and LG AI
<a>Trendsetting US unveils world’s first AI interns who are employed for 3 months</a>
There’s new trend that is making headlines in the United States of America where the world’s first artificial intelligence-powered interns have just been hired for a three-month stint. BusinessTech Africa has found out that tech marketing agency Codeword is onboarding two Artificial Intelligence interns to complete dull yet necessary tasks – Global News Wire reported.
Joburg's R401-million proposal to reduce three levels of load-shedding
The City of Johannesburg (CoJ) has launched an R400 million programme to reduce load-shedding by up to three stages and, eventually, to eliminate cyclical power interruptions in the city. Johannesburg Mayor Mpho Phalatse made the statements during a briefing in the Mayoral Parlour. She stated that the CoJ is considering establishing an infrastructure fund to
“Let us act to transform Africa’s cities”—African Development Bank President to African mayors
African Development Bank Group President, Dr Akinwumi A. Adesina, assures mayors at the African Mayoral Leadership Initiative (AMALI) of the Bank’s support to creatively and sustainably transform their cities The number of people living in African cities is predicted to double by 2050, from 600 million to 1.2 billion, reflecting the world's fastest pace of
<a>City of Cape Town delighted with R1,5 billion data centre investment </a>
Cape Town is now positioned to become a high-end technology hub as it launched a new Africa Data Centre facility this week. The Mother City is now well positioned for tech opportunities, so says Alderman James Vos, the city’s mayoral committee member for economic opportunities and asset management. Vos was speaking on the occasion of
Veteran journalist Thulasizwe Simelane joins Takatso Consortium
Takatso Consortium has announced the appointment of veteran television journalist Thulasizwe Simelane. Simelane’s hiring is aimed at ensuring that the deal involving Takatso and South African Airways is transparent and bolstering understanding of the Strategic Equity Partnership transaction. The aviation company is the one acquiring a 51% stake in SAA and it is 80% owned
<a>2023 African Mining Indaba in Cape Town promises to look at innovation</a>
This year’s Investing in African Mining Indaba is set to be held in Cape Town and the event will see the launch of a three-day InfraTech content platform. BusinessTech Africa understands that the indaba will include discussions on innovation in mining technology and how global pandemics and geopolitical realities act as accelerators in technological progress
SANDF deployment at Eskom stations costs South African taxpayer R200 million
The deployment of the South African National Defence Force at Eskom power stations is costing the taxpayer an amount to the tune of R200 million. The army was deployed to the struggling power utility’s power stations and elsewhere in the country for three months but it costs over R200 million. BusinessTech Africa has gathered that
Load Shedding crisis hits major banks, but they amplify plans to mitigate risks
Major banks in South Africa are already planning ahead as they look to navigate their way amid load shedding challenges. Banks such as Standard Bank, Absa, First National Bank, and Nedbank have amplified their efforts to cushion themselves against load-shedding. The quartet is recognised for being the leaders in the banking sector and they emphasised
Astral Foods: Load shedding hurting the South African poultry industry
Owing to the ongoing and devastating load shedding in South Africa, the poultry industry is severely hit and the finances may be decimated. According to the country’s largest poultry producer, Astral Foods, the company expects its earnings for the first half of its financial year to be decimated by ongoing disruptions caused by load shedding.
TymeBank and one of South Africa's largest retailers are undergoing significant transformations
TymeBank, a South African digital bank, has collaborated with The Foschini Group (TFG) to provide consumers with three new financial solutions for shopping and banking. Customers may now create a TymeBank TFG Money account in less than 5 minutes, with no monthly fees or paperwork, thanks to the installation of over 600 kiosks across TFG