South Africa’s minister of communications Mrs Khumbudzo Ntshavheni has published a draft policy document that has proposed the trading of radio frequency spectrum in the country. During a media briefing …
Southern Africa
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Cannabis Company SafriCanna sells all its output for next year as Europe’s demand increases
Booming demand for medicinal cannabis from Europe to Australia has seen a South African producer sell all of its output for next year in advance. SafriCanna signed sale deals with …
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Commission approves Heineken’s takeover of Distell with conditions
South Africa’s Competition Commission approved Heineken’s purchase of wine and cider company Distell Group in South Africa as long as the merged entity invests more than R10 billion over five years …
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TikTok launches free Wi-Fi hotspots in South Africa
Social media platform TikTok has partnered with free public Wi-Fi company Think WiFi to launch 50 new free Wi-Fi hotspots as part of a pilot programme in South Africa. The …
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South Africa to get first listing of Cannabis SPAC in Africa
Africa is about to get its first listing of a medical cannabis-focused SPAC, or special purpose acquisition company, when Cilo Cybin Holdings raises money in Johannesburg later this year. The …
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Eskom recovers R30M unlawfully paid to ex-ceo Brian Molefe’s pension fund
Eskom a South African electricity public utility said that it had fully recovered the funds which were unlawfully paid to its former CEO, Brian Molefe. The R30 million was paid …
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Tiger Brands SA recalls baby powder products after traces of asbestos were detected
South Africa’s largest food company Tiger Brands Ltd is recalling its Purity Essentials baby powder products as a precautionary measure after traces of asbestos were detected in test samples, it said …
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South Africa halts exports of Valencia oranges to the European Union
South Africa, the world’s second largest exporter of citrus fruit after Spain will voluntarily stop the exports of Valencia oranges, from areas in South Africa affected by a fungal disease …
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SA low-cost airline Mango a step closer to sale as preferred bidder delivers proof of funding
South Africa’s low-cost airline Mango is one step closer to being sold as its preferred bidder delivered proof of funding, according to business rescue practitioner Sipho Sono. In his latest …
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South Africa’s GDP shrinks as load shedding continues to hurt the economy
After a surprise growth in the first quarter of the year, South Africa’s gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022, Statistics South Africa reported …