South Africa’s struggling utility Eskom is seeking an average power tariff increase of just over 32% for the financial year that starts on April 1 2023, much higher than originally …
AfricaAFRICA NEWSEnergyNewsSouth AfricaSouthern Africa
Category:
South Africa
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsSouth AfricaSouthern Africa
FirstRand declares highest dividend payout in its history
FirstRand, South Africa’s biggest banking group by market value, will pay a record dividend to shareholders as the bank benefits from a post-pandemic resurgence. The company, which owns First National …
- AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
South Africa may lose 53% of graduates to emigration, survey shows
About half of South Africa’s top earners and university graduates are considering emigration as citizens lose faith in the country’s future, the Social Research Foundation said, citing a survey it …
- AfricaAFRICA NEWSEconomyNewsSouth AfricaSouthern Africa
Banking transactions show slow recovery in South Africa
An index measuring South African economic transactions fell for a third successive month in August, suggesting that the economy is struggling to gain broad-based momentum after contracting in the second …
- AfricaAFRICA NEWSBusinessGlobal NewsNewsSouth AfricaSouthern AfricaSpotlightTechnology
Twitter shareholders vote in favour of Musk’s $44bn offer
Twitter shareholders approved billionaire Elon Musk’s proposed $44 billion buyout, paving the way for a trial next month to determine the deal’s fate. A majority of Twitter shareholders voted in …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern AfricaSpotlight
France’s Canal+ doubles stake in MultiChoice in a year
Canal+, a unit of France’s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having …
- AfricaAFRICA NEWSMobile Telecommunications Network (MTN)NewsSouth AfricaSouthern AfricaTechnologyTelecommunications
Operators call for consultation over government’s plan to shut 2G and 3G services in South Africa
South Africa’s biggest telecommunications operators, Vodacom, MTN and Telkom, have called for more consultation over government’s plan to terminate 2G and 3G services by 2025. The companies have warned that further …
- AfricaAFRICA NEWSEconomyEnergyNewsSouth AfricaSouthern Africa
South African government turns to wind amid energy crisis
The South African government has increased the wind energy allocation for Renewable Energy Independent Power Producer Procurement Programme bid window six to 3.2GW due to the urgent need for increased capacity …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsSouth AfricaSouthern Africa
AFDB appoints Nomfundo Xenia Ngwenya as the new executive director for South Africa, Eswatini, and Lesotho.
The African Development Bank(AFDB) has named five women including South Africa’s Nomfundo Xenia Ngwenya as executive directors for a three-year term. In total, 12 executive directors were appointed, according to …
- AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Massmart begins shutting unviable Game stores across South Africa
Massmart, subject to a full buyout offer from parent Walmart Inc, has begun shutting unprofitable and unviable Game stores across South Africa. In December 2021, it announced that it had …