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New vehicle sales go up by 13.9% and exports increase by 17.9%
BusinessTech Africa has gathered that new vehicle sales in the domestic market went up by 13.9% in 2022 compared with 2021, says the National Association of Automobile Manufacturers of South Africa. Naamsa says the increase comes on the back of a 22.2% jump in 2021 compared with the previous year, 2020. The 2022 number of
“SA government ready to launch a state bank” – Khumbudzo Ntshavheni
Minister of Communications Khumbudzo Ntshavheni has outlined plans for the government as far as launching a state bank is concerned. Ntshavheni says the embattled Postbank is ready to take up the role of a state bank in the country and plans are already underway to roll out 100 new branches. She said the plans include
Guinness Records: Elon Musk suffers worst loss of fortune in history
After losing billions of money, South African-born businessman Elon Musk has made his way into the Guinness World Book of Records. Musk parted ways with a staggering amount close to $200 billion in 2022, thus becoming a person who lost the largest loss of personal fortune in history. The Twitter and Tesla owner lost approximately $182 billion
Cyril Ramaphosa is concerned with Andre de Ruyter & explains why he resigned
Media reports in South Africa indicate that president Cyril Ramaphosa believes Esakom CEO Andre de Ruyter resigned because the job was tough. The outgoing CEO, de Ruyter will serve in the role until the end of March 2023 as he tendered his resignation at the beginning of December last year. According to News24, de Ruyter
Australia’s Mineral Commodities CEO resigns owing to personal reasons
Australian Stock Exchange-listed minerals company Mineral Commodities has announced the resignation of its CEO Jacob Deysel. Deysel also served as the Managing Director of the company and leaves his position for personal reasons. However, BusinessTech Africa has discovered that Deysel will remain available in an advisory capacity, while CFO Adam Bick will assume the role of interim
SABC News to launch a new 24hr channel that will broadcast in vernacular languages
South Africa’s public broadcaster SABC has announced that it will launch a second SABC News TV channel that will broadcast in vernacular languages. The SABC said it will soon launch a station similar to the existing English-language one on DStv, with news and current affairs programming in vernacular languages. After the SABC relaunched its News channel
iPhone maker Apple to release 15-inch MacBook Air in September 2023
United States technology company and computer maker Apple is reportedly set to release its new 15-inch MacBook Air this year. However, according to Bloomberg's Mark Gurman, the previously rumoured 12-inch MacBook with Apple silicon is no longer expected to launch in 2023, reports Apple Insider. IOL also published that Gurman did not provide any additional details
Dairy maker Danone facing legal action from French environmental groups
French company Danone is facing legal action from various environmental groups over its plastic use. Danone, a French bottled water and dairy group is accused of failing to sufficiently account for all the plastic used along its production cycles. The accusation came on Monday as Danone, the world’s biggest yoghurt and maker of infant formula
Poultry producer Astral Farms struggles to supply chicken meat due to power cuts
Regarded as South Africa's biggest poultry producer, Astral Foods, has announced that it was battling to keep up with the demand for chicken at fast food restaurants. This was due to the devastating and ongoing power cuts and the announcement comes just after KFC decided to close some of its restaurants. Astral Foods has admitted
SABC to scrap TV Licences but introduce a new scheme to bring viability
The African National Congress is standing firm on its stance to push the South African Broadcasting Corporation to scrap television licences. Media reports indicate that the ANC wants the SABC to eliminate TV licences and rather introduce a new tax. EWN has it that communications minister Khumbudzo Ntshavheni, an ANC NEC member, reiterated the party’s
Eskom investigating poisoning incident of outgoing CEO Andre de Ruyter
Eskom and the South African Police have vowed to leave no stone unturned after an attempt to poison outgoing CEO Andre de Ruyter. It has come to the attention of this website that the power utility on Sunday said police were investigating whether an attempt was made to poison its outgoing CEO. According to Reuters,
Researchers find four-day work week will benefit employees, starting in SA in February
As South Africa is set to experiment with the four-day work week in February 2023, researchers believe this will benefit the employees. According to a research released on Wednesday last week, businesses that provided their workers an extra day off each week without reducing salaries saw more income, coupled with a decrease in absenteeism and
Minister Blade Nzimande warns prospective students of bogus private colleges
Minister of Higher Education and Training Blade Nzimande has urged prospective students, who want to register at institutions of higher learning, not to fall for bogus colleges. Also known as “fly by night” colleges, they are not registered with the Sector Education and Training Authorities (Setas). They are also not registered with the Department of
Dept of Tourism calls for black businesses to apply for Tourism Transformation Fund
Under the leadership of Minister Lindiwe Sisulu, the Department of Tourism is calling on all black-owned tourism enterprises to apply for the Tourism Transformation Fund (TTF). The department of tourism has joined forces with the National Empower Fund (NEF) as it aims to provide a financial boost to these enterprises through the fund. “The TTF
US tech giant Dell to stop using China-made semiconductor chips in 2024
United States-based technology giant Dell is now planning to stop using Chine-made semiconductor chips by 2024. Business Insider SA reports that Dell will also slash the amount of other made-in-China parts in its products, Nikkei reported Thursday, quoting three sources with direct knowledge of the matter. According to the report, the American tech company’s move
FNB bags yet another accolade as the most valuable financial services provider
First National Bank has scooped the most valuable financial services provider for the third consecutive year. The South African bank has been recognised as the winner in Kantar BrandZ’s Top 30 Most Valuable South African Brands 2022. Compared to 2022, FNB’s brand value increased by 30% to $3.5 billion, and it earned a Special Award
Failed airlines such as Comair led to ticket price hike – ACSA CEO
Airports Company of South Africa said the fact there are many failed airlines heading to the festive season led to ticket prices going up. ACSA CEO Mpumi Mpofu said several failed airlines which operated in the country have left a void in the local market, with the remaining operating airlines struggling to meet local demand.
Shares in beleaguered Kenya Airways remain suspended for another year
The beleaguered Kenya Airways is currently facing more and more challenges as trading in shares has been suspended for another year. The East African airline’s plight has been publicised on Wednesday by the local stock exchange which said Wednesday. This comes after the troubled national carrier battles to return to profitability and just last month,
South Africa is experiencing a cloud outburst
In recent years, South Africa has witnessed a surge of big businesses enter the country's cloud computing industry. Amazon, Microsoft, Huawei, and Google have all established cloud operations in the country. With the establishment of these cloud availability zones in South Africa, businesses and developers may host their apps and data within the nation through
Eskom alters tactics in the battle against crime and sabotage at power plants
Eskom says it is doing a complete screening and security sweep of all ongoing contracts in order to crack down on high-level crimes that have plagued its operations over the years. In 2022, Eskom made numerous significant arrests connected to coal and diesel theft, as well as one incidence of active sabotage. A truck driver