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IIASA CGI report on SA’s state of governance
According to the 9th edition of the Institute of Internal Auditors Corporate Governance Index (CGI) study, has revealed that in the past two years, organisations have been directing efforts to improve corporate governance ratings as part of their strategic priority objectives. These efforts have given reason for the country’s 2.9 CGI score in 2022, a slight
Eskom pursuing Tshwane over R1.4 billion energy debt
Eskom claims the City of Tshwane's (CoT's) electrical debt has risen to R1.4 billion after a string of late and missed payments in recent months. The electricity provider stated that the CoT's debt exacerbates its cash flow issue, since it is owed around R57 billion by non-paying consumers. Tshwane failed to pay its R680 million
The worst-performing power station in Eskom, where workers fear for their lives
According to Eskom CEO Andre de Ruyter, the power provider is implementing a recovery plan to restore as many megawatts as possible to the grid as quickly as possible – but the plan is contingent on everything going well, including fixing difficulties at its worst-performing power plant, Tutuka. De Ruyter told the Standing Committee on
Cape Town has announced funding for its power system
Cape Town Mayor Geordin Hill-Lewis announced the city can now pay cash for power fed into the local power grid. The system would initially be provided to companies before becoming available to Cape Town citizens. Participants will be compensated for selling extra electricity into the Cape Town grid. This comes after the National Treasury excused
Nigeria opens West Africa’s largest deep sea port in partnership with China
The Nigerian government has opened a game-changing seaport as it looks to ease congestion at the country’s ports. Nigeria unveiled a billion-dollar, Chinese-built deep seaport in Lagos, which will help it become an African hub for trans shipment, handling cargoes in transit for other destinations. Opened by President Muhammadu Buhari earlier this week, he has
Changes are on the way for science, engineering, and technology subjects in South African schools
Blade Nzimande, Minister of Higher Education and Training, says South Africa's universities and Technical Vocational Education and Training (TVET) institutes are prepared for the influx of new students in 2023. Universities are constantly enrolling new students, with the total number of enrolments in the public university sector expected to exceed 1.1 million for the 2023
The Reserve Bank is testing a new payment system in South Africa that will be launched this year
In South Africa, BankservAfrica is now developing a new rapid payments programme (RPP) infrastructure. The new method is part of the South African Reserve Bank's (SARB) Vision 2025, which aims to simplify and make real-time payments more economical and efficient – even for individuals who do not have a bank account. To summarise, it will
US NTSB lashes out at Ethiopian Airlines for a false report on 2019 Boeing crash
The United States National Transportation Safety Board (NTSB) has announced that Ethiopian Airlines lied about the cause of the 2019 crash. The Boeing 737 Max crash killed all the 157 passengers on board as it crashed outside Addis Ababa. According to the NTSB, Ethiopian authorities falsely claimed the jetliner had an electrical failure and the
Even Elon Musk will not be able to revive Eskom, but private power will save South Africa
Even Tesla CEO Elon Musk couldn't save South Africa's struggling power grid and end load shedding. According to Michael Jordaan, former FNB CEO and founder of venture capital firm Montegray Capital. Jordaan was recently interviewed for PSG's Think Big series, where he was asked for his thoughts on how to solve Eskom's challenges. Jordaan stated
Microsoft earnings are high despite a drop in Windows and Xbox sales
Microsoft Corp.'s second-quarter profit above analysts' expectations, aided by growth in its Azure cloud-services division despite a drop in demand for personal-computer and corporate software. In late trade, shares gained more than 4%. In the fiscal year ended December 31, adjusted earnings per share was $2.32, while total revenues increased 2% to $52.7 billion, according
CEO Andre de Ruyter says corruption and coal theft is still rife at Eskom
Outgoing Eskom CEO Andre De Ruyter has lamented corruption that continues to engulf the power utility, saying it is rife in the coal section. De Ruyter’s sentiments come as the country is still experiencing an ongoing power crisis with stage 4 of load shedding currently implemented. The CEO said despite significant control measures being implemented,
Eskom reacts to president Cyril Ramaphosa’s call to halt electricity tariff hike
Electricity supplier, Eskom has hit back at President Cyril Ramaphosa’s request to the power utility to freeze its tariff hike. Eskom released a statement to the media and in its response, the state-owned company says only a court of law can be able to halt the price hike as granted by the energy regulator. It
Haval Jolion: A hybrid electric vehicle is now heading to South Africa
China-made car brand Haval has already unveiled the brand new self-charging SUV, Jolion S Hybrid Electric Vehicle and it is coming to South Africa. With their latest offering, Haval has expanded its hybrid electric vehicle (HEV) and the Asian car manufacturer says the debut of an HEV in the affordable SUV segment is set to
Port of Maputo registers new handling record of 26,7 million tons in 2022
The Port of Maputo has accomplished a new handling record for the year 2022 and managed to register a growth of 20% in the previous year. Media Reports coming from the Southern African nation indicate that the total volume handled last year was 26.7 million tons, compared with 22.2 million tons in 2021. This growth
South African average wage versus iPhone pricing
Purchasing the newest iPhone when it was released in South Africa in 2022 would have cost more than 80% of the average employee's monthly pay. Former Apple CEO Steve Jobs launched the original iPhone in 2007, which boasted a breakthrough smartphone design that has remained the norm to this day. While it was not the
Afriforum is launching its own power firm, with nuclear aspirations in the works
Afriforum, a civil rights organisation, is developing its own power generation firm, with ambitions to build South Africa's first Pebble Bed Modular Reactor (PBMR). Kallie Kriel, the organization's CEO, recently discussed these goals with Sunday newspaper Rapport and online Afrikaans outlet Maroela Media. Kriel stated that Afriforum was already in contact with numerous energy sector
WhatsApp is working on big image quality improvements
According to WABetaInfo, WhatsApp is working on allowing users to exchange original-quality photographs without using image compression. The functionality is included but not operational in WhatsApp Beta for Android 2.23.2.11. When it comes to image quality sent via WhatsApp, users may now pick "automatic," "best quality," and "data saver" from the platform's settings. Even the
DStv and Openview have introduced "anti-load-shedding" channels
South African broadcasters DStv and Openview have announced the launch of "anti-load-shedding" channels that will allow users to catch up on programming missed during a power outage. The channels — DStv's SWITCH'D ON and Openview's Power-UP! — will loop chosen shows, providing viewers with additional opportunities to see primetime programming. SWITCH'D ON will be accessible
Prepaid electricity in South Africa is changing a lot
This year, the cities of Johannesburg and Tshwane will undertake campaigns to upgrade prepaid power metres in the metros. By November 24th, 2024, the country's present prepaid power voucher system will run out of voucher sequences for the unique tokens issued uniquely for each metre. The present Standard Transfer Specification (STS) system, which has been
VIDEO: Disgruntled KZN farmer dumps 11 800 litres of milk due to load shedding
A local dairy farmer is seriously disgruntled as he had to dump litres of milk spoiled because of the ravaging load shedding. The farmer based in KwaZulu-Natal, Ross Stratford, said they are fighting the scourge of power cuts day and night and he headed to social media to outline his pain. Stratford parted ways with