114But Eskom warns other consumers will pay for it. The energy regulator Nersa, at its meeting on Thursday 28 August, approved an application from ArcelorMittal South Africa (Amsa) for relief regarding the…
Category: Business
Cell C listing plan gains momentum
99 Cell C’s largest shareholder, Blue Label Telecoms, on Monday announced that an agreement has been reached on a major restructuring involving the mobile operator ahead of its likely (but still not…
R54-billion Eskom tariff shock exposes absurdity of electricity regulation
122 The author, Business Leadership South Africa CEO Busi Mavuso There is surely no greater sign of the urgent need for reform of the electricity sector than the way Eskom’s electricity tariffs…
The most overhyped but underwhelming product in history
133 In the heady last years of the 20th century, when inflation was low, interest rates were modest and employment levels high, the term “new economy” took on a whole new meaning….
Changes coming to Uber and Bolt in South Africa
108 The NLTA will require e-hailing drivers to be vetted and subjected to criminal record checks. The recent protest in Soweto, Gauteng, has put pressure on the government to speed up the…
Will Checkers’ self-service checkout worsen unemployment?
81 ‘No employees or positions are adversely impacted by this pilot’. Several fast-food outlets across the world have rolled out self-service machines for customers to put in their orders and pay without…
Meta created flirty chatbot of Taylor Swift without permission
123 US singer Taylor Swift. Daniel Cole/Reuters Meta Platforms has appropriated the names and likenesses of celebrities – including Taylor Swift, Scarlett Johansson, Anne Hathaway and Selena Gomez – to create dozens…
Money Smart Week: Five tips for SMEs to prepare for setbacks
107 ‘Financial preparedness goes beyond insurance. It’s about building resilience into your business and making sure you’ve planned for the risks you can’t predict.’ The National Treasury, in partnership with the Financial…
WhatsApp patches exploit after sophisticated global spyware attack on users
96 WhatsApp has discovered an advanced cyberespionage campaign that took advantage of a chain of security vulnerabilities in the app and Apple devices to hack them. A researcher with Amnesty International said…
New mining giants tipped to drive Africa’s critical minerals boom
94 Africa holds vast reserves of critical minerals, but there are concerns that ownership and control remain in foreign hands. New mining giants for critical minerals are the new hope to sustain…