93 Fabricio Bloisi Prosus CEO Fabricio Bloisi said the Naspers-controlled technology investment group plans to sell more than US$2-billion (R32-billion) in non-strategic and underperforming assets in its current financial year, with “even…
Category: Business
Nersa blunder triggers sharper electricity tariff increases
107 South Africa’s energy regulator said on Sunday that it granted Eskom larger electricity rate increases for its next two financial years than originally set after admitting errors in its earlier calculations….
Vodacom dropping R5.6-billion for spectrum in key market
84 Vodacom Group-controlled Vodafone Egypt has secured additional mobile spectrum as part of a multi-year investment programme announced by the Egyptian government, in a deal that will see Vodacom book an intangible…
Nersa’s mistakes turn 5.36% tariff increase into 8.76%
95Follows a redetermination of Eskom’s revenue to correct previous regulatory errors. Consumers’ fears came true this weekend when energy regulator Nersa confirmed that Eskom’s average tariffs will increase by 8.76% this year,…
Washington takes on Beijing in race for Africa’s critical minerals
96 The US is using offtake deals and state-backed funding to compete in the short term with China in securing supplies of African copper, cobalt and other critical minerals, diplomats, executives and…
The new way of working
87 At the start of 2020, the Covid-19 pandemic caused the entire world to shut down. Overnight, our offices and schools went virtual, gyms launched YouTube channels and family gatherings morphed into…
How car insurance write-offs work: from accident to payout
80 Here are steps to follow if you do not agree with the write-off decision. One of the most frustrating things for someone to hear after their car has been involved in…
Tech salaries in South Africa are bouncing back
83 IT sector salaries are showing signs of a resurgence following a dip that led to South African salary offers shrinking by as much as 44% in certain cases, according to Pnet….
Post Office still faces liquidation risk as policy rift widens
74 Deputy communications minister Mondli Gungubele Deputy communications minister Mondli Gungubele has publicly distanced himself from minister Solly Malatsi’s decision to strip the South African Post Office of its exclusive right to…
Minerals Council South Africa flags policy issues with mining amendment bill
90 Uncertainty around the Mineral Resources Development Amendment Bill is not good for investor confidence. The first day of Investing in African Mining Indaba has kicked off with the Minerals Council South…