Pretorianews

[pretoria] - MPs irritated as SABC fails to come forth with skills audit

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 …

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[pretoria] - Ericsson sees 5G subscriptions hitting 1.5bn in 2024

INTERNATIONAL – 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 …

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[pretoria] - Tesla China sales plunge 70 percent in October

INTERNATIONAL – 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 …

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[pretoria] - WATCH: Don’t let your bonus turn you into a Skhotane

CAPE 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 …

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[pretoria] - SA loses extra R1bn tax revenue to illegal cigarettes

CAPE 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 …

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[pretoria] - Apple Falls After Trump Suggests iPhones Could Get Hit by Tariffs

Apple 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 …

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[pretoria] - MTN now covers 90% of SA with high speed LTE

MTN 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 …

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[pretoria] - Lawmakers criticise Zuckerberg for UK parliament no-show

INTERNATIONAL - 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 …

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[pretoria] - How rate hike will impact SME owners

CAPE 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 …

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[pretoria] - Kenya could lose assets to China over debt

JOHANNESBURG – 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 …

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[pretoria] - Illegal imports are damaging the South African economy

JOHANNESBURG – 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 …

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[pretoria] - FNB partners with Selpal to boost spaza shop financial inclusion

JOHANNESBURG – 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 …

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[pretoria] - LOOK: Malema lays criminal charges against Pravin Gordhan

Pretoria - 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 …

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[pretoria] - Nampak earnings up 15 percent in year ended September

JOHANNESBURG – 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 …

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[pretoria] - Opportunities for SA companies in Mozambique gas sector

JOHANNESBURG – 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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