Category: Business

Contingency plans to ensure the provision of essential services are being drawn up by the City of Johannesburg as it tries to mitigate the crippling impact of rolling blackouts. South Africa entered it’s fifth consecutive day of stage 4 load-shedding on Wednesday. Rolling blackouts have also continued throughout the nights, albeit at a reduced level. […]

Kenyan police have seized $20 million of counterfeit banknotes that had been stored in a personal safety deposit box at a branch of Barclays Bank Kenya, the directorate of criminal investigations said. Police had also arrested six people, including two of the bank’s staff, the directorate said late on Tuesday in a statement posted on […]

dable housing. “It cannot be that wealthy private clubs and associations with so few members pay less than R1000 a year to use our best land as golf clubs, bowling greens and parking lots when hundreds of thousands of residents are without access to land or decent housing,” said Nkosikhona Swaartbooi, Ndifuna Ukwazi’s head of […]

A finance clerk at Clicks allegedly defrauded the retail giant of more than R4m. Themba Maneli, 24, appeared in the Cape Town Magistrate’s Court after being arrested last week with his girlfriend, Nanky Kanase, 24, Hawks spokesman Captain Philani Nkwalase said on Wednesday. On Monday, the asset forfeiture unit and the Hawks’ serious commercial crimes […]

Public Enterprises Minister Pravin Gordhan said on Tuesday that Eskom’s power crisis is not symptomatic of a governance crisis in SA. Gordhan made the comment during a media briefing on the current state of the power utility. Eskom board chair Jabu Mabuza and group chief executive Phakamani Hadebe were also in that briefing. The minister […]

State utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa’s efforts to boost investments and economic growth. Eskom supplies more than 90% of the power in SA but has suffered repeated faults at its coal-fired power stations, along with low water levels […]

Public Enterprises Minister Pravin Gordhan and Eskom board chairperson Jabu Mabuza will brief the media on the current electricity supply problems that the country is currently experiencing on Tuesday morning. The briefing will take place in Rosebank, north of Johannesburg. Eskom says it will continue to implement stage 4 loadshedding, as large parts of the country is currently experiencing […]

Private education group ADvTECH on Monday reported a 14 percent increase in operating profit to R725 million for the year ended December 2018. ADvTECH said its revenue and profits were buoyed by its African expansion strategy and the tertiary division continuing on a growth trajectory. Revenue was up 11 percent to R4.4 billion while normalised earnings […]

A recent BBC report, the country has the cheapest mobile broadband prices in the world. Technology writer Prasanto K Roy explains how this happened. The BBC report, citing a UK-based price comparison site, said that 1 gigabyte (GB) of mobile data cost $0.26 in India (£0.20), compared with $12.37 in the US, $6.66 in the UK, […]

Eskom will implement stage two rotational loadshedding from 8am until 11pm on Friday. The Power utility says this is as a result of a shortage of capacity due to a number of generating units still out of service due to breakdowns. Eskom implemented rotational loadshedding on Thursday from 11 am to 11pm.     SABC News