PARLIAMENT - SABC executives for the second time this month met with scepticism from MPs as they pleaded for a lifeline from the state and signalled that retrenchments were going ahead.
SABC board chairman Bongumusa Makhathini told Parliament's portfolio committee on communications a new government guarantee was imperative, and suggested only …
read moreINTERNATIONAL – Swedish mobile network telecom gear maker Ericsson sees 5G subscriptions growing by 50 percent in 2024 to 1.5 billion, covering more than 40 percent of the world’s population.
North America and northeast Asia are expected to lead the 5G uptake, with major US service providers starting to …
read moreINTERNATIONAL – Tesla’s vehicle sales in China sank 70 percent last month from a year ago, the country’s passenger car association told Reuters on Tuesday, underscoring how the Sino-US trade war is hurting the US electric carmaker.
An official from China Passenger Car Association said data from the industry …
read moreCAPE TOWN – It is very tempting to unleash your inner Skhotane at bonus time, especially after a year of hard work.
Skhotane refers to a showmanship in which individuals or groups of individuals compete against each other in front of large crowds to determine which party is wealthier. These “battles …
read moreCAPE TOWN – South Africa is losing an extra R1 billion, now at least R8 billion in total, to illegal cigarette companies who aggressively grew their distribution and sales in the last three months.
The #TakeBackTheTax (TBTT) Campaign called this development, revealed by new research from Ipsos, “a terrible indictment on …
read moreApple continued its downward slide after US President Donald Trump suggested that 10 percent tariffs could be placed on mobile phones, like the iPhone
Photo: Apple.
INTERNATIONAL - Apple Inc.continued its downward slide Tuesday after US President Donald Trump suggested that 10 percent tariffs could be placed on mobile phones …
read moreMTN has now covered 90 percent of South Africa with Long-Term Evolution (LTE / 4G) coverage.
Photo: FileDURBAN - MTN has now covered 90 percent of South Africa with Long-Term Evolution (LTE / 4G) coverage through the development of its 11 000th LTE site in the heartland of the Eastern Cape.
The extensive …
read moreINTERNATIONAL - Facebook is being investigated by lawmakers in Britain after consultancy Cambridge Analytica, which worked on Donald Trump’s presidential campaign, obtained the personal data of 87 million Facebook users from a researcher, drawing attention to the use of data analytics in politics.
Concerns over the social media giant’s …
read moreCAPE TOWN – Despite a strengthening rand and slight recovery of the oil price, the South African Reserve Bank announced that the repurchase rate will increase by 25 basis points to 6.75 percent, effective from November 23.
This increase in interest rates – which pushes the prime lending rate up from …
read moreJOHANNESBURG – Global ratings company Moody’s Investor Service has warned that Kenya is among countries at the highest risk of losing strategic assets to China over the pile of debt it owes Beijing.
In its newly released report Moody’s said that China’s response to sub-Saharan African countries facing …
read moreJOHANNESBURG – While we have all seen the extent of public sector fraud and corruption, private sector corruption is just as damaging to the state and our economy.
One such example is the illegal importation of goods into our country that flood mostly, but not exclusively, informal sector markets, which are …
read moreJOHANNESBURG – FNB said on Monday that it had partnered with Selpal, a South African fintech company that operates specifically in townships, to boost the financial inclusion of the informal economy.
Selpal is a technology start-up that has developed an integrated system connecting informal retailers such as spaza shops (community grocers …
read morePretoria - EFF leader Julius Malema is currently inside Brooklyn Police Station to open a criminal case against the Public Enterprises Minister Pravin Gordhan. He was accompanied by EFF secretary general Godrich Gardee and national spokesperson Mbuyiseni Ndlozi.
Malema said he planned on opening a handful of charges against Gordhan.
On …
read moreJOHANNESBURG – Packaging company Nampak said on Tuesday its group revenue ticked up one percent to R17.3 billion in the year to September, while trading profit increased by three percent to R2 billion.
Headline earnings per share for the year were at 168.7 cents, a 15 percent rise from …
read moreJOHANNESBURG – Mozambique's province of Cabo Delgado offers South African businesses "huge" investment opportunties in the gas sector, the region's permanent secretary Antonio Domingos Mapure has said.
A statement from South Africa's trade and industry department said Mapure had told an invesment seminar that the province was getting ready to start …
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