Author: Gugu Lourie

The DA’s relentless push for a corruption probe into Tshwane’s ANC Deputy Mayor has forced Mayor Nasiphi Moya to take action and launch an investigation into her second-in-command. This follows the DA’s demand for a fast-tracked forensic investigation into allegations that a company linked to Deputy Mayor Eugene Modise, Triotic Protection Services, was unfairly awarded a municipal tender for watchman services, potentially in violation of procurement regulations. “The people of Tshwane deserve transparency and accountability,” said Cllr Jacqui Uys, DA Tshwane Spokesperson on Finance. “We need to determine whether Modise is financially benefiting from the City through this company, which…

Eskom announced that loadshedding was suspended today at 5:00am, following the recovery of generation capacity and the replenishment of emergency reserves. “We maintain our guidance that loadshedding is largely behind us due to structural improvements in the generation fleet. Our focus remains on eliminating loadshedding as a structural constraint on the economy,” said Eskom Group Chief Executive, Dan Marokane. “There will be valuable lessons to be learned from the set of multiple unit trips that were unconnected and purely technical in nature related to electrical and control system issues within auxiliary parts of our power stations,” continued Marokane. Over the…

The Democratic Alliance (DA) has reported Deputy President Paul Mashatile and Minister Barbara Creecy to the Public Protector over alleged political interference in the appointment of the new South African Airways (SAA) CEO. According to DA National Spokesperson Willie Aucamp MP, the appointment process has been tainted by undue political meddling, with Minister Creecy reportedly set to recommend John Lamola, who performed worst in independent assessments, over far more qualified candidates, including Kenya Airways CEO Allan Kilavuka and top-scoring contender Philip Saunders. “The fact that Lamola, the lowest-scoring candidate, is being favoured over more competent individuals raises serious red flags…

Volvo Car South Africa  is introducing an exclusive offer to make electric vehicle (EV) ownership more convenient and accessible. As the country’s leading EV brand, Volvo is providing new EV buyers with two years of free public charging, a GridCars wallbox with installation support, and 10 GB of Vodacom data per month for three years. Two years of free public charging New Volvo EV owners will receive a charging voucher worth R12,000, linked to the GridCars charge card, valid for 24 months. “South African motorists have shown they’re ready for electric motoring, as demonstrated by the strong sales of Volvo…

Eskom has reduced load shedding from stage four to stage two, following the successful restoration of several power generation units. According to the power utility, this improvement comes after all five units at Majuba, two units at Camden, and one unit at Medupi were brought back online. Over the weekend, eight out of ten generation units tripped, initially prompting Eskom to implement stage three load shedding before escalating it to stage six. Eskom stated on X: Eskom is currently #loadshedding in #Stage2 Eskom customers may obtain their loadshedding schedules from https://t.co/UzMtttaJ4q Municipal customers should contact the local municipality for schedules…

Lenovo announced its third-quarter results for fiscal year 2024/25, reporting significant increases in overall group revenue and profit. The company’s revenue grew 20% year-on-year to $18.8 billion, marking the third consecutive quarter of double-digit growth. The group’s diversified growth engines continue to accelerate, with non-PC revenue mix up more than four points year-on-year to 46%. The quarter’s results were driven by the group’s focused hybrid-AI strategy, the turnaround of the Infrastructure Solutions Group, as well as double-digit growth for both the Intelligent Devices Group and Solutions and Services Group. Locally in South Africa, Lenovo holds the no.1 market share in…

Prosus has reached a conditional agreement to acquire Just Eat Takeaway.com for €4.1 billion in cash, aiming to create a leading European food delivery company. The offer of €20.30 per share represents a 49% premium over the three-month volume-weighted average price. This acquisition is expected to position the combined entity as the fourth-largest food delivery group globally. “We are excited for Just Eat Takeaway.com to join the Prosus Group and the opportunity to create a European tech champion,” said Fabricio Bloisi, Prosus’s CEO. “Prosus already has an extensive food delivery portfolio outside of Europe and a proven track record of…

JSE-listed technology group Altron anticipates a significant rise in headline earnings, forecasting an increase of up to 40%. The company attributes this growth to its customer-centric approach, disciplined strategy execution, and profit enhancement initiatives. Altron announced today that it is in the process of finalising its financial results for the year ending 28 February 2025. The group expects headline earnings per share (HEPS) from continuing operations to be at least 40% (a minimum of 41 cents) higher than the 103 cents reported for the twelve months ending 29 February 2024. HEPS is South Africa’s primary profit indicator. Altron stated that…

South Africa’s Decentralised Finance (DeFi) market is still in its early stages but is steadily expanding, according to a recent study published by the Financial Sector Conduct Authority (FSCA). The FSCA’s DeFi Market Study aims to enhance the Authority’s understanding of DeFi-related activities in the country, providing valuable insights into the opportunities and risks associated with this emerging financial technology. DeFi applications operate on blockchain technology and utilise smart contracts: self-executing pieces of code that define the rules of a given DeFi product. These applications enable users to engage in traditional financial activities such as borrowing, lending, and trading assets…

In a major step toward bridging the justice gap, the Empire Partner Foundation (EPF) has developed a cutting-edge digital case management solution for ProBono.Org. This innovation is set to revolutionise how legal assistance is delivered, making justice more accessible to those who need it most. The newly developed platform streamlines ProBono.Org’s operations, enhancing case management, improving client tracking, and enabling real-time oversight of legal assistance. By digitising case handling, the system empowers ProBono.Org to expand its reach, tackling systemic barriers and providing critical legal support to underserved communities. Joanna Govender, CEO of EPF, emphasises the impact of this technological advancement:…