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Billionaire Johann Rupert’s Remgro to sell 25% stake in Paris-based Total Energies
BusinessTech Africa has learned that South African billionaire, Johann Rupert is set to sell his stake in the local unit of Total Energies. Various media outlets indicate that Rupert is willing to sell his 25% stake in Total Energies through his investment vehicle, Remgro. As per News24 and Bloomberg, sources privy to the developments said
Ethiopian Airlines leapfrog embattled SAA as the top-ranked airline in Africa
South African Airways continues to go down the pecking order as far as airline rankings are concerned and that is a massive blow for the national carrier. As per the latest statistics, SAA has slid down the ranks of the world's best airlines, dropping for the fourth consecutive year to its worst place on record.
Goldplat announces major appointments, Gerard Kisbey-Green as chairperson
Gold recovery company Goldplat has roped in an experienced non-executive chairperson in the name of Gerard Kisbey-Green who succeeds Matthew Robinson. The company, Goldplat, is listed on London’s Aim and announced the news on Monday – a non-executive director and former CEO Kisbey-Green – as non-executive chairperson of the company. The appointment comes after Robinson
CAN YOU BE ADDICTED TO YOUR FITNESS TRACKER?
Almost every fitness enthusiast has or is into fitness tracker watches or feels the need to own one as they believe it helps with keeping track of the progress one makes in terms of their fitness journey. Smartwatches and fitness trackers have become a popular trend in recent years. These handy tools can keep track
Tiger Brands partners with Nelson Mandela Children’s Fund to improve child nutrition in food insecure families
The number of hunger-related deaths amongst children five years old and under is on the rise in South Africa. Since the start of 2022, hundreds of children in this age group have succumbed due to malnutrition and hunger with the biggest contributing factors being poverty and lack of household food security. A recent report citing
Clover’s City Deep warehouse and storage facility went on sake for R52,5 million
A private investor has just bought a cold storage and distribution facility belonging to Clover and it has been announced the sale is in the region of R52,5 million. Located in City Deep, Johannesburg, Clover’s storage and distribution centre has exchanged hands following the dairy group's relocation to its Atlas facility in Boksburg, Ekurhuleni. The relocation by
AgriSA requests an urgent meeting with Eskom to ease devastating load shedding
The effects of the load shedding instituted by Eskom are felt in many spheres of the economy and the agriculture sector is not spared as AgriSA requested an urgent intervention. AgriSA says the power utility, Eskom has to find immediate measures to ease the financial burden and losses which hit the sector. In a statement, AgriSA
SA’s domestic airline, Lift, opens a route between Johannesburg and Durban
An upstart airline, Lift, operating in South African skies is now offering flights between Johannesburg and Durban as of October 26 2022. The airline, Lift, announced this week that the flight tickets are already on sale for three flights per day starting from next month. As things stand, Lift is flying between Johannesburg and Cape Town but
Broadcasting leads the not-so-silent digital media revolution in South Africa
Just 12 months ago, veteran DJ and digital broadcasting entrepreneur, Jon Savage, told South Africa’s media industry that it needed to revolutionise if it was to survive the digital wave. And, he stressed, the key to potential revenue models for the industry was to make a paradigm shift when it came to the definition of
Volvo begins making electric trucks, and South Africa can expect them in 2023
Swedish carmaker, Volvo, has announced that it has started series production of the battery electric versions of heavy-duty vehicles such as FH, FM, and FMX ranges. Volvo says these trucks are capable of operating at a total weight of 44 t (gross combination weight) and with such new additions, the Swedish truck manufacturer has six electric
Blue Label Telecoms finalises recapitsalisation of SA’s mobile operator, Cell C
Information coming through to BusinessTech Africa is that Blue Label Telecoms says it has concluded the recapitalisation of Cell C. The recapitalisation process comes through a binding long-form agreement with the mobile operator, Cell C, and various financial stakeholders. Local media reports also indicate that in mid-2019, Cell C embarked on a turnaround strategy, which focused on
Technology now contributes more than oil to Nigeria’s GDP
Gross Domestic Product (GDP) in Nigeria grew by 3.11% year-on-year in real terms in the first quarter of 2022, showing sustained growth for the sixth consecutive quarter since the recession witnessed in 2020 when negative growth rates were recorded in quarters two and three of 2020. In August, the National Bureau of Statistics (NBS) released
Andersons AgConnect app gives producers easy access to their harvest
The recently released Andersons AgConnect app gives producers easy access to real-time information, including electronic information, including electronic scale tickets, contracts and on holds. The Bushel platform helps agribusinesses share accurate information with producers through the custom-branded application on their smartphone. The Andersons AgConnect app is available for The Andersons customers in Idaho, Colorado, Louisiana,
3 principles for managing agency-client privacy partnerships
It’s no secret that user data privacy concerns coupled with ongoing ad regulations have seismically shifted our advertising landscape, with even more profound changes still to come. In this environment, strong agency-client partnerships are more important than ever, as brands increasingly turn to their service partners to develop privacy-centric strategies while sustaining results. Over the
Binance launches a Crypto education tour across African countries
Binance has announced that they have launched a crypto education tour across 5 countries in French-speaking Africa. Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider has launched a crypto education tour across 5 countries in French-speaking Africa as part of its mission to drive blockchain adoption and enable greater financial accessibility in the
SA’s defence equipment maker to deliver the first aircraft to foreign armies
Tshwane-based aerospace and defence equipment company, Paramount Aerospace Industries is set to deliver its first Mwari multi-role aircraft. Paramount Aerospace Industries announced this development this week as they will deliver the Mwari to overseas airforce by the end of this week. The deadline for the delivery is set for September 23 and Paramount says other airframes are
Ethiopian Airlines launches new route between Addis Ababa to Amman
Ethiopian Airlines has launched a new route to fly between Addis Ababa and Amman, Jordan, and the airline Carrier revealed the news this week. Based in East Africa, Ethiopian Airlines said starting the route to Amman becomes its 11th city in the Middle East. Dubbed one of the most profitable airlines in Africa, Ethiopian Airlines sees this
Botswana plans to slaughter 10 000 cows to curb foot and mouth disease
Botswana is a top beef producer and the country has announced plans to slaughter 10 000 cattle with an aim to curb an outbreak of foot and mouth disease. Agricultural authorities in Botswana announced that the first major outbreak in two years forced the country to suspend beef exports. As a top beef exporter to the European
Lebogang Chaka: 'Meet me in the Metaverse of business value'
Johannesburg – The pace and scale of technological change are racing ahead at perhaps the most incredible speed seen in human history, transforming how we live and work. New tools and technologies are creating a workplace future very different from the status quo and far more advanced than the one the tools were initially designed
Slack’s new Canvas feature puts a document editor in your chat window
Slack is becoming a document editor. The Salesforce-owned company announced today at its developer conference that it is building a new feature, called Canvas, that will let users create and edit full docs from within the Slack interface. It’s one of Slack’s biggest announcements in a while and maybe its biggest departure ever from its email-killer