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Elon Musk reopens California factory, dares authorities to arrest him

On Monday, the company’s chief executive Elon Musk tweeted that production had restarted and he would be “on the line with everyone else”. US states and local governments are trying to determine the best way to open up after lockdown. Mr Musk previously vowed to move the firm’s headquarters out of California if the plant was not […]
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  1. Business
  2. Energy
  3. Government

Former Eskom engineers will work for free for the power utility

Eskom, South Africa’s power utility yesterday confirmed that it has received offers to work from a pool of its retired engineers. According to a thread of tweets posted by the power utility’s spokesperson, the engineers who have offered their services to the company are retirees, many of whom were previously employees at Eskom. Eskom can confirm […]
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  1. Business

SA Government exploring funding opportunities for SAA – Liquidation deadline extended

Pravin Gordhan, South Africa’s Minister of Public Enterprise has asked South Africa Airways Administrators to extend the deadline for workers to agree to severance packages because he wants to explore funding opportunities to save the now-bankrupt National Airline. Gordhan has forwarded a proposal to build a new Airline out of SAA because he opposes the […]
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  1. Business
  2. Government

Petition to lift cigarettes ban gets over 450,000 signatures

A petition to lift the ban on cigarette sales in South Africa has received over 400,000 signatures from people who feel their rights are being infringed upon. The online petition states that “as law abiding citizens our rights have been taken away under the pretext of the pandemic”. It gained momentum after Minister of Cooperative Governance […]
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  1. Business

Here’s the list of restaurants that will be open in South Africa from 1 May

South Africa is entering what is called stage 4 lockdown on May 1st which will allow restaurants and other businesses to reopen but under certain restrictions. However, restaurants will have to evaluate whether opening for delivery takeaways only will be viable for business by matching their expenses with possible income. This kind of situation is […]
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  1. Business
  2. Companies

Dis-Chem charged by Competition Commission for inflating prices

DisChem, one of South Africa’s leading pharmaceutical companies has been charged by The Competition Commission for inflating prices of essential products such as surgical masks. According to the competition commission, an investigation was launched because of several complaints received from the public against stores owned by DisChem pharmacies for engaging in excessive pricing of face […]
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  1. Business
  2. Government

Pres Ramaphosa announces R500-Billion Stimulus package – More announced here

President Cyril Ramaphosa has announced a R500 Billion stimulus package that will go towards protecting the economy from assisting enterprises with paying employees and payments of suppliers as well as other crucial parts of the economy such as paying out grants, protecting Jobs among others. Also Read: Eskom to implement load-shedding soon after Lockdown for […]
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  1. Business
  2. Companies
  3. Government

An Economist’s point of view – Suspend strict lockdown, Open the Economy & do the following

South Africa cannot afford to close the economy in the draconian way the government has done so as part of its national lockdown measures. This is the view of economist Mike Schussler, who was presenting on the impact of COVID-19 on pensions and the South African economy. Schussler said the local economy was already in […]
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  1. Business
  2. Government

SA Gov discussing the sale of R100 Billion ($5.3 Billion) bond for Covid-19 relief

The Coronavirus pandemic has huge downside effects on economies across the world and South Africa’s is of no exception. South Africa’s Gov has gone ahead into considerations of proposals from different sectors including the sale of a R100-Billion social impact bond. The proposal for the bond was submitted by Intellidex, a South African capital markets […]
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  1. Business
  2. Government

Breaking: Proposal to terminate all SAA workforce by the end of April

South African Airways business rescue practitioners – Les Matuson and Siviwe Dongwana – have tabled a proposal to terminate the entire workforce of the airline by the end of April. Also Read: MTN vs Vodacom vs Telkom vs Rain vs Cell C – Best mobile operator in South Africa in 2020 ENCA reported that the proposal, […]
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Good Reads

#ElectionsDay2020: Why we don’t know the election results between Biden & Trump yet

Usually, the election results are announced on the election day as soon as counting is done and that’s not the case in 2020’s elections but that’s actually normal because there is no rule in the constitution that makes it mandatory for the results to be announced on election day. Looking at the CNN Election Map, […]
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Worlwide

#ElectionsDay2020: Why we don’t know the election results between Biden & Trump yet

Usually, the election results are announced on the election day as soon as counting is done and that’s not the case in 2020’s elections but that’s actually normal because there is no rule in the constitution that makes it mandatory for the results to be announced on election day. Looking at the CNN Election Map, […]
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South African Gvt will force ISPs to put strict measures against Piracy

South Africa has tabled a proposal meant to fight Piracy also known as copyright infringement online by placing the responsibility on Internet Service Providers (ISPs). According to a draft white paper published on the 9th of October 2020 by Minister of Communications and Digital Technologies Stella Ndabeni-Abrahams on 9 October in the Government Gazette, the […]
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Trending

Lesotho has revoked Vodacom’s operating licence

Vodacom has lost its operating Licence in Lesotho after the Communications Authority wrote to the Telecoms company that it had revoked its, “unified license”. According to the Lesotho Communications Authority, the decision to invoke Vodacom’s license was taken because Vodacom failed to pay a fine equivalent to R134 million for allegedly breaching legislation governing companies […]
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What’s ZimboCash? Why is it down and when will it be back online?

When Money Destroys Nations is a book authored by a guy named Philip Haslam who believes Zimbabwe urgently needs a decentralized currency system to solve the severe problems in its money and banking system. ZIMBOCASH is free to join Zimbabwean cryptocurrency and only available to Zimbabwean residents and Zimbabweans in the diaspora who have a […]
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