Subscribe to Updates
Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.
Author: Agency
Gauteng MEC for Transport and Logistics Kedibone Diale-Tlabela has strongly condemned the attacks on e-hailing drivers and burning of cars at Maponya Mall in Soweto. “We would like to strongly condemn these senseless attacks on individuals and damage to vehicles. These acts are unacceptable and must be dealt with harshly,” the MEC said on Friday. This comes after an alleged confrontation that took place on Thursday between minibus taxi drivers and e-hailing drivers. It is alleged that minibus taxi drivers attacked e-hailing operators’ drivers and burnt three vehicles and damaged four others at Maponya Mall parking area. Two of the…
President Cyril Ramaphosa says although South Africa is facing an electricity crisis that appears unrelenting, government is making progress in resolving the challenge. The President was delivering his replies to the debate on The Presidency’s Budget Vote in Parliament on Thursday. “We have been forthright about the challenges the country faces. The anger and frustration that South Africans feel in the face of sustained load shedding is understandable. At times like this, the electricity crisis appears unrelenting, as if there is no end in sight. “Yet, if one considers the work that is being done and the progress that is…
Health Minister, Dr Joe Phaahla, has welcomed a significant downward trend in the Cholera outbreak in Tshwane, as the source of the waterborne disease remains elusive. “The numbers are going down drastically and we’re very hopeful that in the next few days [the numbers will go down even further] and happy that there haven’t been new deaths this week and severe illness at this stage,” the Minister said on Wednesday. The Minister was providing an update on the department’s efforts and interventions in response to the cholera outbreak to curb the spread and save lives. “While it might be important…
State power utility, Eskom, says it expects to resume wage increase negotiations with trade unions in June. This after the power utility and unions, the National Union of Mineworkers (NUM), National Union of Metalworkers of South Africa (NUMSA) and Solidarity, concluded three rounds of negotiations without reaching agreement. “As a custom, the negotiations take place over three sessions of three days each. However, this year, all parties agreed to hold a fourth round of negotiations on 13 and 14 June 2023, with the view that there are prospects of reaching a settlement at the Central Bargaining Forum (CBF). “Eskom is…
President Cyril Ramaphosa has signed a proclamation to transfer roles and responsibilities to the Minister in the Presidency for Electricity, Dr Kgosientsho Ramokgopa. A statement released by the Presidency said some powers have been shifted from the Minister of Mineral Resources and Energy, Gwede Mantashe. “After due consideration, President Ramaphosa has transferred to the Minister of Electricity all powers and functions contained in Section 34(1) of the Electricity Regulation Act, which were previously entrusted to the Minister of Mineral Resources and Energy. The President has also transferred to the Minister of Electricity relevant powers and functions set out in Section…
As winter approaches, Cabinet says it welcomes the finalisation of the contract for 400 megawatts (MW) of additional capacity through the standard offer programme, which will be added to the grid by the end of May 2023. Cabinet announced on Thursday following a meeting the previous day. “Cabinet noted the progress made in the implementation of the Energy Action Plan (EAP), while it acknowledges significant constraints that remain against the national grid,” the Cabinet statement read. In addition, the Department of Health has identified 213 hospitals for exclusion from load shedding, with 76 of these already exempted. According to Cabinet,…
The South African Reserve Bank’s Monetary Policy Committee (MPC) has hiked the repurchase rate (repo rate) by 50 basis points to 8.25%. The increase means that the repo rate will now be 8.25% per year from 26 May 2023, with prime now at 11.75%. This was announced by South African Reserve Bank (SARB) Governor Lesetja Kganyago during a media briefing in Pretoria on Thursday. “At the current repurchase rate level, policy is restrictive, consistent with elevated inflation and risks. The policy stance aims to anchor inflation expectations more firmly around the mid-point of the target band and to increase confidence…
Eskom Acting CEO, Calib Cassim, has announced that if a series of interventions to reduce power demands and improve reliability is unsuccessful this winter, load shedding could intensify to Stage 8. “It is going to be a difficult winter,” he told the media on Thursday. Citing the contributing factors, Cassim said the State-owned entity is approaching the cold season with 3 000 megawatts (MW) less capacity compared to last year, due to units 1, 2 and 3 of Kusile Power Station and 1 unit of Koeberg Nuclear Power Station being currently offline. “However, the focus during this winter, first and…
Communication and Digital Technologies Minister, Mondli Gungubele, says the department is extensively engaging with various stakeholders and roleplayers to ensure broad and substantive consultations are done regarding the transition from analogue to digital broadcasting. Tabling the department’s R3.5 billion budget for 2023/2024 in Parliament on Wednesday, Gungubele said five provinces, including the Free State, Northern Cape, North West, Limpopo and Mpumalanga, have successfully switched off and are currently receiving television broadcast on a digital platform. However, Gungubele said despite the successful switch off of the five provinces, he is currently facing legal action from stakeholders, who argued that the switch…
A groundbreaking initiative is set to grow the agricultural sector in the iLembe District Municipality, according to KwaZulu-Natal MEC for Finance, Neliswa Peggy Nkonyeni. Nkonyeni said the provincial government plans to focus on growing cannabis and other indigenous plants as well as facilitate entry into markets so that all organic agricultural products can be exported to foreign countries. Through this initiative, the province will afford an opportunity for the youth and unemployed graduates to get involved in farming. The MEC made the comments when she addressed stakeholders, including business, traditional leaders, agriculture professionals and experts in organic farming, recently. “We…