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From View Counts to Verification Here’s Every Twitter Change Under Elon Musk
Since Elon Musk purchased Twitter in October, the social media network has made several changes to the user experience, including a revamp of the authentication process and a focus on "free speech." Elon Musk has made a number of modifications to Twitter since his widely publicised — and contentious — acquisition of the network in
How much does it cost to send a child to private school vs public school in South Africa?
Many South Africans are struggling to prioritise saving for their child's education in the face of escalating school costs, a worsening cost-of-living issue, and many years of recession and pandemic-related instability. Given these challenges, many parents in 2023 are contemplating alternatives to traditional schooling, such as the rapidly expanding possibilities of online and homeschooling. This
Pay cutbacks at the Post Office, while the CEO gets R4 million – it's past time to make tough decisions
The South African Post Office has said that it is overstaffed and that personnel expenditures must be reduced in order to avoid forced retrenchments. It responded in a statement to charges made by the DA's Dianne Kohler Barnard on Wednesday that the Post Office intends to effectively slash worker pay by 40% while CEO Nomkhita
Reserve Bank is experimenting with 'digital rand' in South Africa
The South African Reserve Bank (SARB) says it is still studying and testing a central bank digital currency (CBDC), but it is focusing on a specific use case and is not looking to be a world leader in the format. Speaking on a panel at the annual World Economic Forum (WEF) meeting in Davos, Switzerland
Genesis, a cryptocurrency firm, is preparing to file for bankruptcy
According to persons familiar with the situation, Genesis Global Capital is preparing to file for bankruptcy as soon as this week. In the midst of a liquidity crisis, Digital Currency Group's bitcoin lending subsidiary has been in discreet discussions with numerous creditor parties. Bloomberg previously reported that it has warned that if it is unable
Microsoft laying off 10,000 employees, will cost R20 billion
Microsoft Corp. announced plans to reduce 10,000 employees, or approximately 5% of its staff, in order to deal with an increasingly grim future that has left many of the technology industry's top brands battered. According to a corporate filing, the business will incur a $1.2 billion (R20 billion) charge in the second fiscal quarter due
Businesses in South Africa will benefit from load shedding alleviation
The Department of Small Business Development is collaborating with partners to develop an energy relief package for Small, Medium, and Micro Enterprises (SMMEs) in order to mitigate the destructive impact of load shedding on small enterprises. SMMEs are especially heavily effected by ongoing power outages since many cannot afford alternate power sources such as generators.
Elon Musk's Twitter debt repayment strategy is fraught with uncertainty
According to all reports, including Elon Musk's, Twitter has more than enough cash to make its first interest payments, which are likely to total $300 million. However, with the payment deadline nearing, there is considerable concern about what the impulsive billionaire would do to alleviate the social-media company's $12.5 billion debt burden. Yes, Musk stated
Vodacom drops in the ISP ranks, falling behind Telkom and Rain
According to Analytico's quarterly customer satisfaction study, Cool Ideas, Afrihost, and Airmobile are the best Internet service providers (ISPs) in South Africa. On the other end of the spectrum, Mweb, Cell C, and Vodacom had the lowest average customer satisfaction ratings. Analytico is a research firm that offers market research and network intelligence studies on
WhatsApp now has voice notes and chat transfer feature
WhatsApp has begun to roll out a feature that allows users to send audio notes as status updates to selected contacts. Voice status is now available for certain users running the WhatsApp beta for Android 2.23.2.8, according to WABetaInfo, a source recognised for reporting on WhatsApp features in development or testing. On the status creation
It's bad news for South African middle class
According to Nedbank analysts, interest rates in South Africa are reaching their peak, but they are not there yet – and the risks are very much on the upside, opening the door for even more rises than projected this year. This implies that middle-class South Africans, who are already severely indebted due to home loans,
PICS: New Mercedes Benz full electric EQE sedan on its way to South Africa
German carmaker Mercedes Benz has unveiled plans to bring its latest its sporty business saloon, the EQE, to South Africa. Mercedes has also revealed specifications and features for the fully electric car EQE sedan that is estimated to sell from R18m to R2 million. “2023 is an extremely important year for the Mercedes-EQ offensive in
Pravin Gordhan: ‘’Eskom is finalising urgent plans to curb load shedding’’
Headed by minister Pravin Gordhan, the Department of Public Enterprises (DPE) says it is doing everything possible to end or minimise load shedding. Gordhan’s department announced that those who stand in its way will face the full force of the law as it released a statement to the media. The department’s new standpoint was in
Zambia’s Konkola Copper Mine to close Nchanga smelter between July and August
Zambian copper mining giant Konkola Copper Mines Plc has announced that it will shut down its operation in Nchanga. Konkola currently operates a smelter in Nchanga and said it will close the operation for 45 days between July and August to upgrade infrastructure. In a media statement released on Tuesday, KCM is expected to fork
MTN to challenge R13.2 billion tax bill in Ghana, CEO Ralph Mupita speaks
Mobile telephone network operator, MTN said it will dispute the tax bill imposed by the Ghanaian authorities last week. As the African continent’s largest wireless network carrier, MTN said it plans to start a dispute resolution process if talks with Ghanaian tax authorities over a surprise $773 million (R13.2 billion) back-tax bill it received last week fail.
Spar CEO Brett Botten to retire at the end of January 2023
South African retailer Spar has announced that CEO Brett Botten will leave his role at the end of this month. Spar announced this development on Tuesday and said Botten will retire as part of a shake-up which will also see former chair Graham O'Connor leave the board after at the group's annual meeting in February.
Businessman Elon Musk faces a trial over his tweets regarding the electric car, Tesla
American businessman Elon Musk is now facing a legal battle as he is expected to appear before the jury on Tuesday. Media reports landing at BusinessTech Africa’s desk are that the South Africa-born Musk is facing a trial over a company he did not take private. Media reports overseas reveal that long before Musk purchased
Cape Town & King Shaka Airports bag top spots as SA’s performers in punctuality reports
Airports Company of South Africa CEO Mpumi Mpofu is delighted to announce that two local airports have raised the country’s flag. Mpofu said King Shaka International and the Cape Town International Airport had been recognised in the Official Airline Guide (OAG) Punctuality League 2023 report. The OAG report presented flight data for the period January
Buffalo Coal settles its R32,6 million business loan facility with Investec
Buffalo Coal has confirmed the repayment of its final loan facility of close to R32.6 million with a business banker, Investec. According to the coal producer, it announced on Monday that the final discharge of its loan facility was paid to the Sandton-based banking institution. In a statement, the JSE and Toronto Stock Exchange (TSX)
Nissan and Renault are working to revitalise their cooperation
Renault is in talks to sell its interest in the Japanese automaker. According to a person familiar with the issue, Nissan's independent directors have decided to proceed with an agreement to rebalance the Japanese automaker's two-decade partnership with Renault. Final talks are underway for Renault to reduce its stake in Nissan and for Nissan to