Browse every article
10,686 articles
“South Africa can generate an estimated R28 billion from cannabis” – Dep. Minister Gina
Deputy Minister of Trade, Industry, and Competition Deputy Minister, Nomalungelo Gina is of the view that the cannabis sector can play a huge role in poverty eradication. Gina says the cannabis sector has a potential for development for the small, medium, and micro enterprises (SMMEs) located in outlying rural areas where poverty is rooted. Addressing
PRASA in support of copper scrap export ban imposed by SA government
In the wake of an announcement by the South African government to impose a ban on copper scrap metals, the Passenger Rail Agency of South Africa (Prasa) has welcomed the move. The ban is all about curbing the trade of metal scrap, with PRASA saying it believes the move will limit theft of railway assets.
<a><strong>South Africa’s top young scientists to battle it out at the Eskom Expo Finals</strong></a>
Young South African scientists are expected to display their creativity at the upcoming Eskom Expo International Science Fair at the Birchwood Hotel’s OR Tambo Conference Centre. The Eskom Expo International Science Fair will be taking place between 7 and 9 December at the Birchwood Hotel’s OR Tambo Conference Centre, Ekurhuleni. As per a press release
Standard Bank announces the departure of David Munro after 27 years
Standard has been dealt a massive blow following the departure of David Munro who is leaving the banking group after 27 years. Munro leaves Standard Bank after making his return to the South African banker coming from insurance and financial services provider, Liberty Life where he served as a CEO. In March, Munro went back
SARS has made a significant change to assist taxpayers – here's what you need to know
The South African Revenue Service (SARS) has announced the permanent availability of its Voluntary Disclosure Programme (VDP). The VDP is a type of 'open door' policy that SARS has in place that allows taxpayers to regularise their tax affairs by coming clean on any tax non-compliance that may result in penalties or action if discovered
New consortium of cane growers plans to buy Tongaat-Hullett’s assets
Word reaching BusinessTech Africa is that a group of sugarcane growers who now supply Tongaat Hulett with cane has expressed interest in purchasing Tongaat's South African mills refinery. The group wants to also buy animal feeds, and brands in a proposal to the sugar producer, Tongaat Hullett’s business rescue specialists. MoneyWeb business has it that
SA government imposes six-month ban on the export of copper scrap
The South African government has swiftly moved to block the theft of copper and scrap metals as it banned the export of most ferrous scrap. BusinessTech Africa has found information that as part of a three-phase intervention to stop the widespread theft of metals used in public infrastructure, the South African government has banned the
Google's Hustle Academy training programme has graduated at least 5 000 business owners
Google held graduation celebrations on Tuesday in South Africa, Kenya, and Nigeria. Google also announced a new speaker series at the events in which successful African entrepreneurs share lessons and advice, demonstrating the company's commitment to assisting entrepreneurs and small businesses in thriving. The Hustle Academy, which launched in February of this year, provides practical
Ramaphosa blames the protection unit head in his report on Phala Phala
MPs will have access to the report on Wednesday evening, according to Mapisa-Nqakula. The report of Parliament's Section 89 independent panel into the theft of foreign currency at President Cyril Ramaphosa's Phala Phala farm was handed over to National Assembly Speaker Nosiviwe Mapisa-Nqakula on Wednesday morning. The panel, led by former Chief Justice Sandile Ngcobo,
Tony O’Neill leaves Anglo American as technical director at the end of 2022
Anglo America has announced major changes in its executive following the retirement of Tony O’Neill who steps down as technical director. The diversified mining giant, Anglo American, announced the news on Wednesday as it changes its structure in senior leadership roles. O’Neill has not only decided to retire as technical director but he steps down
REVEALED: New Volvo EX90 SUV edition is dubbed a computer on wheels
Swedish carmaker, Volvo’s upgrade of the EX60 SUV 2024 edition has been leaked by various automobile publications. The new Volvo EX60 SUV comes in a full-electric model and it is regarded as the new edition or chapter in XC60’s life. Autoevolution reports that the EX90 battery-powered mid-size luxury SUV, which is the Swedish automaker's first
On Black Friday 2022, these were the best-selling items on Takealot
On Black Friday 2022, the online retail giant reported record-breaking growth, noting a 33% increase in value sold through its Blue Dot sale. It claimed that 3 million customers visited the site looking for bargains on the day, with the Gross Merchandise Value (GMV) exceeding any other Black Friday in its history. The group predicted
African Bank reports a nearly 40% increase in full-year profit
Lender African Bank reported nearly 40% profit growth as the number of loans given to retail customers increased to pre-pandemic levels, increasing interest revenue. The bank released its full-year financial results through September 30, 2022, revealing that profits after tax increased 38% to R736 million, up from R534 million previously. It disbursed more than R14
On Thursday, MTN Ghana may disconnect a quarter of its subscribers
MTN Ghana, Africa's largest mobile operator's third-most profitable market, is preparing to deactivate a quarter of its subscribers' SIM cards on Thursday in order to comply with a biometric registration directive from the country's regulators. The directive issued by Ghana's National Communications Authority concerns the deactivation of SIM cards that have completed the first stage
Mitsubishi’s new L200 pick-up truck ready to battle against Ford Ranger
Despite criticism from automobile publications, the all-new Mitsubishi L200 pick-up truck has found its way to the public and leaked to the media. Various websites are critical of the Japanese carmaker, Mitsubishi, and according to Auto Evolution, the company is not doing great nowadays. The website says the Japanese automaker was once a household name
How to Protect Your WhatsApp Account as User Scams Increase
Following the leak of over 487 million WhatsApp user records, users of a popular messaging platform have reported an increase in spam texts. “Someone definitely bought USA records and now they are messaging my friends and family asking for money – I didn’t click any links or shared any PIN,” a Twitter user complained. They
Musk claims that Apple has threatened to remove Twitter from the App Store
In a series of tweets, Elon Musk said Apple threatened to remove Twitter from its app store without explaining why, and that the iPhone maker had stopped advertising on the social media platform. The billionaire CEO of Twitter and Tesla claimed that Apple was putting pressure on Twitter over content moderation requirements. Apple has not
SAB injects R825 million into prospecton plant in KwaZulu-Natal
South African Breweries has unveiled plans to open a multi-million rand prospecton plant in KwaZulu-Natal as the company seeks to address unemployment. SAB hosted KwaZulu-Natal Premier Nomsa Dube-Ncube as the company CEO Richard Rivett-Carnac tabled their plan. The prospecton brewery in Durban will cost SAB in the region of R825 million and the event was
SA no longer has the world's highest unemployment rate, as factories drive job growth
South Africa's official unemployment rate fell to 32.9%, ranking third among 82 countries and the eurozone monitored by Bloomberg. South Africa's unemployment rate now trails Namibia and Nigeria, though some data is out of date. From the second quarter of 2021, it held the record. Still, according to the expanded definition, unemployment stood at 43.1%,
Guards were apprehended after stealing thousands of litres of diesel from Eskom power station
Two security guards hired by Eskom to protect the Port Rex power station in East London were arrested on Monday for allegedly stealing nearly 6 000 litres of diesel. The guards were arrested while on duty, according to Eskom spokesperson Sikonathi Mantshantsha. The stolen diesel is worth slightly less than R146 000. "Through internal investigations,