Browse every article
10,686 articles
Rand goes up as Ramaphosa is elected to a second term as ANC president
On Monday (19 December), the South African rand gained more than 2% versus the US dollar after Head Cyril Ramaphosa was re-elected to a second term as ANC president. Following the news, the rand gained to R17.22 per dollar, having begun the day around R17.60 ahead of the election results. The rand's destiny has been
South Africa's new retail mall and office trends
According to John Jack, CEO of Galetti Corporate Real Estate, South Africa's commercial real estate industry has been steadily recovering, with new trends expected to define the next year. When most lockdown limitations were relaxed mid-year in 2022, the sector sighed a collective sigh of relief, allowing many employees to return to in-person employment. However,
Musk has asked Twitter followers to vote on whether he should stand down
Elon Musk, who has been under fire for recent policy changes at Twitter, has asked users to vote on whether he should stand down as the social media site's CEO. In a tweet Sunday, the billionaire owner of Twitter and CEO of Tesla Inc. committed to follow the results of the poll. With 9 hours
'We feel exonerated,' says Parliament in response to army presence at Eskom
Sahlulele Luzipo, chairwoman of Parliament's Portfolio Committee on Mineral Resources and Energy, has welcomed the deployment of the South African National Defence Force (SANDF) at four Eskom power facilities. Late on Saturday, News24 reported that at least ten troops will be stationed at each of the following power stations: Majuba, Camden, Grootvlei, and Tutuka. According
South Africa has scored yet another big own goal
As remote workers emerge onto the travel scene, South Africa has once again been left behind due to the government's inability to change the country's visa rules. According to the City of Cape Town, South Africa is passing up an important opportunity to boost tourism and the economy after Home Affairs Minister Aaron Motsoaledi stated
WhatsApp is getting eight new features
WhatsApp is continually changing, with frequent upgrades for iOS, Android, and desktop. Avatars, call upgrades, and view-once text messages are among the new features that have been handed out to the public or are presently being tested. The Meta-owned corporation will test its upgrades on beta testers before releasing them to the whole public. WABetaInfo
Volvo Trucks unveils new electronic trucks & available in South Africa
Swedish truck maker Volvo has unveiled a set of new electric trucks and these are also available in South Africa. Volvo is looking to continue expanding its range of electric trucks with the launch of several new extra-heavy units, also available in the country. The Swedish car and truck manufacturer’s plan is that half of
2023 Land Rover Range Rover SUV bags best car design award
Priced from R2 million and boasting a three-litre turbodiesel engine, the new Land Rover Range Rover has claimed the annual Car Design award. Selected by a distinguished panel of judges as well as design leaders from various companies like Lamborghini, Volvo, and Lucid, the SUV is praised for its reductive design. CarMag reports that the
Eskom confirms Andre De Ruyter’s resignation, Makwana not replacing him
South African power generator, Eskom has confirmed the departure of CEO Andre De Ruyter but says Mpho Makwana won’t replace him. Makwana is currently serving as the Eskom Board chairperson and he said they are working hard to find De Ruyter’s successor. Media reports surfaced on Wednesday that the under-fire De Ruyter vacated his office
SA retailer Pick N Pay clothing opens doors to 300th store & hopes for growth
South African retailer Pick N Pay has opened its 300th clothing as a stand-alone outlet as it continues to grow in the country. The Cape Town-based casualwear retailer released a statement earlier this week, suggesting it was on track to launch 60 corporate and five franchise stores by February 2023. Pick N Pay announced that
Beleaguered Eskom CEO Andre De Ruyter resigns from his position – REPORTS
Eskom CEO Andre De Ruyter has reportedly resigned from his hot seat and BusinessTech Africa has gathered this developing story. De Ruyter leaves the embattled power generator, Eskom, and media reports suggest that the Group CEO notified the board about his decision. News24 has it that De Ruyter told the Eskom board chairperson Mpho Makwana
Tyre maker Bridgestone buys off-road tyre manufacturer Otraco Southern Africa
Tyre maker, Bridgestone Southern Africa Holdings, has bought Otraco Southern Africa and the company has announced the news on Wednesday. Bridgestone has acquired Otraco which is one of the most active tyre makers in the off-road tyre-management solutions market per a report by Engineering News. Otraco Southern Africa is active in the off-the-road tyre management solutions
<a>Ravaging Eskom load shedding slows car production due to increased downtime</a>
As the persistent load shedding continues to wreak havoc in many sectors of the economy, the car manufacturing industry is feeling the effects. This comes as South Africa’s automotive vehicle, manufacturers, and production for the year might slide because of it, Naamsa CEO Mike Mabasa said. Mabasa said the issue was the heavy-duty equipment and
Famous Brands appoint Thabo Mosololi as the new non-executive director
Owning brands such as Mugg & Bean and Debonairs, Famous Brands have announced the appointment of a new independent non-executive director. Thabo Mosololi takes the new role as an independent non-executive director to the board of directors. Famous Brands said Mosololi will also be hired as a member of the Audit and Risk Committee, per
Comair liquidation put on hold as negotiations with buyers continue
The ongoing court case involving Comair where it will be determined whether it can be rescued or not has been moved to June next year. This development has come to the attention of BusinessTech Africa and it will be determined in 2023 whether Comair can be saved or must be liquidated. Local media reports in
In South Africa, criminals are employing these latest high-tech tactics to steal automobiles
Toyota is delivering free security upgrades to South African drivers in an effort to combat growing levels of luxury car theft in the nation by tech-savvy thieves. Toyota stated that local automotive intelligence has discovered that criminals are now targeting high-end and luxury automobiles with keyless or smart entry systems and emergency start capabilities. The
One of South Africa's most vital job sectors is experiencing a hiring boom
According to the Bureau for Food and Agricultural Policy, South African farms that feed the country and export commodities to other countries are employing more people, despite figures from Stats SA showing otherwise (BFAP). Statistics The Quarterly Labour Force Survey (QLFS) of South Africa (StatsSA) indicated that the agriculture industry saw major employment losses in
South Africa is about to have new smoking restrictions, and you'll soon be punished or imprisoned for smoking in certain regions
The Tobacco Products and Electronic Delivery Systems Control Bill has been introduced in parliament, kicking off the process of enacting recommended improvements for smokers and the tobacco industry. An explanatory note on the new laws was gazetted in October, with the Department of Health notifying the National Assembly that the measure will be introduced before
<a></a><a><strong>Top young scientists awarded at Eskom Expo International Science Fair </strong></a>
Just last week, the Eskom Expo International Science Fair saw top young scientists awarded for their exhibitions in Boksburg. The ambitious young scientists successfully exhibited their ground-breaking research projects at this year’s Science Fair and walked away with a plethora of life-changing awards. BusinessTech Africa has received a media statement indicating that the top senior
Right present, the average take-home salary in South Africa is…
According to the latest monthly BankservAfrica Take-home Pay Index, take-home pay in South Africa climbed for the third consecutive month in October (BTPI). However, as economic troubles linger, the amount of wages paid has taken another hit, according to the organisation. “The average nominal salary for October recovered to R15,489, the highest level since the