Author: Gugu Lourie

Matus was fined R11 million for inflating prices of essential hygienic items during the COVID-19 disaster. The face mask distributor inflated prices of dust masks (FFP1 and FFP2 masks. The Competition Commission announced late on Wednesday that it has found that Matus unreasonably increased the prices of dusk masks resulting in excessively inflated gross profit margins. The country’s competition watchdog said this was in contravention of the Competition Act and Regulation 4 of the Consumer Protection Regulations. “Matus has agreed to pay an administrative penalty of R5.9 million after it admitted to inflation of its gross profit margins with regards…

As the coronavirus becomes more widespread and deadly, South Africans are being encouraged to stay at home to weather the deadly COVID-19 storm. However, besides the fear of catching the highly infectious COVID-19, there’s little incentive to remain caged at home. A new chatbot, developed in Stellenbosch, South Africa, is hoping to change that by incentivising users who check their COVID-19 status. Concorona, developed by Kyle Ueckermann, is a chatbot that incentivises users to track their symptoms through a daily check-up. By completing the check-up, users earn points that they can redeem in partner stores. The chatbot also offers different…

South Africa’s government will start paying COVID-19 Social Relief of Distress grant on May 15, Lindiwe Zulu, Minister of Social Development, said. Zulu was speaking at a media briefing on Wednesday to elaborate on the socio-economic relief interventions on COVID-19. In order to curb the spread of COVID-19, the country imposed a 21-day lockdown that has since been extended by two weeks to the end of April. However, on Thursday President Cyril Ramaphosa announced five-level plan to ease lockdown. South Africa’s COVID-19 cases are nearing 5, 000 with 93 deaths. Last week, President Cyril Ramaphosa announced a special COVID-19 Social Relief of…

South Africa’s fuel prices are expected to drop significantly in May 2020, according to the Automobile Association (AA), which was commenting on unaudited month-end data released by the Central Energy Fund. Petrol is set to drop by around R1.74 a litre in May, with diesel falling by R1.56 and illuminating paraffin by a whopping R2.18. Seen in context, the predicted decreases will result in a fall of R3.84 a litre to 93 unleaded petrol inland since January, and R4.00 to 95 petrol over the same period. Diesel users are also benefiting with the predicted price now around R3.49 a litre…

Seacom has launched its fibre service, WonderNet which the company believes introduces a new level of customer experience in the home fibre market. WonderNet is Seacom’s play for a stake in the growing fibre-to-the-home (FTTH) market. It offers a range of uncapped, unthrottled packages starting from 10Mbps through to 1Gbps. All packages include a standard Wi-Fi enabled router, without upfront costs and which can be purchased on a month-to-month option. There is also no Fair Usage Policy (FUP), and, as customers have come to expect from Africa’s leading network provider, no contention ratios. “Consumers require a simple, fast and effective…

To avoid being labelled a financial conglomerate, PSG is considering unbundling part or all of its stake in Capitec Bank. PSG owns 30.7% shareholding in Capitec Bank, which is valued at R46 billion. The shareholding represents more than two-thirds of PSG’s assets. PSG informed investors on Wednesday morning that it is investigating, and is seriously considering, the potential unbundling of some or all of its shareholding in Capitec “The rationale for the potential unbundling is that: certain new legislation may potentially deem PSG Group (as a material shareholder in Capitec) to be a financial conglomerate, which will substantially increase the…

Openserve is launching a new product that allows customers to directly obtain broadband service from their ISPs and will no longer be required to obtain a copper line from Telkom Retail. Openserve is the wholesale division of Telkom and South Africa’s largest telecommunications infrastructure provider. The product is known as Openserve Pure Connect product across multiple speeds and is clearly a “Naked ADSL” service. Naked DSL is the practice of providing users with only an ADSL connection which isn’t tethered to a landline number or voice connection. It’s a more cost-effective way for users to connect to the internet without…

MTN Nigeria, MTN Group’s biggest operating subsidiary, diversification from its voice telephony business into digital and FinTech space has been gaining traction and is a boon for its earnings. Profit before tax increased by 8.9% to 76.3-billion naira (R3.6 billion) during the quarter, year on year. Nigeria is MTN’s most profitable market and on Wednesday the operator said it would continue to gain market share, with the addition of 4.2 million subscribers to the network, representing a 6.5% increase in the quarter to 68.5 million. The operator said in the three months ended 31 March 2020, active data subscribers rose…

As of today, the total number of confirmed COVID-19 cases in South Africa is 4, 996 cases. “We have a burden of hypertension, over 4.5 million people in South Africa have diabetes. Such diseases factor in COVID-19 infection,” says Dr Zweli Mkhize, Health Minister. Currently, in South Africa, we have seen an increase in COVID-19 deaths.  We had 203 cases today and 3 more deaths. “There are now 93 deaths,” says Mkhize. All three deaths were in the Western Cape. “We convey our condolences to the families and friends. Physical distancing remains one of the key strategies to curb this…

The South African National Treasury is replacing measures relating to the COVID-19 Disaster Management Central Emergency Procurement Strategy. The replacement follows concerns about the procurement process, stating that the approach adopted has excluded a number of domestic suppliers and has covered an array of goods especially goods that can be manufactured locally. On Sunday, Sunday World reported that the massive treasure trove of R20 billion set aside for the Department of Health to help South Africa weather the deadly COVID-19 storm could trigger a war among businesspeople. Black businesses allege that they have been sidelined in the allocation of multimillion-rand…

The South African Social Security Agency (Sassa) says it has completed testing its WhatsApp registration system to payout the six-month coronavirus grant known as COVID-19 Social Relief of Distress grant.   Under the grant, jobless South Africans will each receive R350 monthly for six months.   Sassa says on its Twitter page: “The WhatsApp application system for #COVID-19 Social Relief of Distress grant opened only for testing over the weekend and it’s closed now. We’ll announce the official opening date”. The WhatsApp application system for #COVID-19 Social Relief of Distress grant opened only for testing over the weekend and it’s…

As of today, the total number of confirmed COVID-19 cases in South Africa is 4, 793. The total number of tests conducted to date is 178 470, of which 9 827 were done in the last 24 hours. The provincial breakdown is as follows: Reported Deaths “We regret to report a further three deaths: two from the Western Cape and one from KZN,” said Dr Zweli Mkhize, Health Minister. “This brings the total cumulative COVID-19 related deaths to 90.” The cases were: A 79-yr-old-male who presented with shortness of breath&chest pain. His co-morbidi- ties included diabetes, hypertension, chronic kidney disease&cardiac…

Fake COVID-19 officials in Mpumalanga were arrested on their way to a marijuana import deal. The three suspects, aged between 31 and 35 were arrested at Ekulindeni in Mpumalanga in the early hours of today for using COVID-19 to cover their ploy. Mpumalanga police spokesperson Brig Leonard Hlathi said a team of police officials received information about two vehicles which were branded with COVID-19 insignia allegedly participating in criminal activities. “They (police) followed up on the information and noticed a VW Polo Sedan as well as a Toyota Hilux Bakkie, which both matched the description given,” said Hlathi. Upon stopping…

South Africa’s Telkom announced on Monday it is planning to increase line speeds for some customers as a result of the coronavirus crisis. Fibre and copper connection customers will see speed changes from 1 May. The company, however, did not specify how long the speed lines are being increased. “This initiative is intended to ensure that our customers get to enjoy high-speed connectivity allowing them to study online, continue doing productive work, game and stream content to keep themselves and their families entertained during this lockdown,” says Serame Taukobong, Chief Executive Officer: Consumer at Telkom. “In addition, we have recently…

Julius Malema, the leader of the Economic Freedom Fighters (EFF), wants the South African government to make the COVID-19 special grants permanent. Last week, President Cyril Ramaphosa announced a special COVID-19 Social Relief of Distress grant of R350 a month for the next 6 months. The grant is to be paid to individuals who are currently unemployed and do not receive any other form of a social grant or UIF payment. The Department of Social Development will issue the requirements needed to access and apply for this funding. Malema wants the grant to be permanent and increased to R1, 000…

As of today, the total number of confirmed COVID-19 cases in South Africa is 4 546. The total number of tests conducted to date is 168 643, of which 7 639 were done in the last 24 hours The provincial breakdown: Reporting of Deaths “We regrettably report another COVID-19 related death (1) in the Western Cape, which increases the total number of deaths to 87,” said Dr Zweli Mkhize, Health Minister. “We convey condolences to the family and appreciate our frontline workers who treated this patient. “We urge you to take preventative measures such as meticulous hand washing and the…

The massive treasure trove of R20 billion set aside for the Department of Health to help South Africa weather the deadly COVID-19 storm could trigger a war among businesspeople. Sunday World reports that black businesses allege that they have been sidelined in the allocation of multimillion-rand contracts for sourcing equipment for the fight against COVID-19. The much-sought-after equipment includes ventilators and personal protective equipment (PPEs). Black businesses are represented by the Black Business Council (BBC). “We have noticed some actions by those who are against economic transformation of trying to sideline black-and-women-owned suppliers,” said BBC CEO Kganki Matabane. “We have…

The South African Social Security Agency (Sassa) is warning of a scam that has targeted unemployed South Africans in recent days. The scam is called – How to Apply for the Unemployment Grant – is circulating on social media. “Please ignore this incorrect information circulating on social media, it does not come from Sassa,” Sassa said on its Twitter page. “We are currently finalizing systems for the R350 grants and will publicize the procedure and criteria soon. Also note that the Sassa offices are closed during the lockdown period.” Please ignore this incorrect information circulating on social media, it does…

The South African government has been providing food parcels to distressed families and individuals during the COVID-19 nationwide lockdown. However, some of the food parcels have been looted by municipal councillors. Now a new study suggests that some poor people didn’t have money to buy food during the lockdown. To curb the spread of COVID-19, the country imposed a 21-day lockdown that has since been extended by two weeks to the end of April. However, on Thursday President Cyril Ramaphosa announced a five-level plan to ease lockdowns and a R500 billion stimulus package. Priscilla Reddy, a professor at Human Sciences…

The South African government may replace food parcels that are being looted by councillors with vouchers, it emerged on Sunday. Higher education and training minister Blade Nzimande said on Sunday the government was concerned about reports of corruption in the distribution of food parcels. “Government is looking at the issue very closely with the possibility of looking at alternatives to food parcels such as vouchers,” he said. Nzimande was speaking at the release of the outcome of the second part of a research report by the Human Sciences Research Council (HSRC) on the impact of the coronavirus on South Africans.…

As of today, the total number of confirmed COVID-19 cases in South Africa is 4 361. The total number of tests conducted to date is 161 004, of which 8 614 were done in the last 24 hours. The provincial breakdown of COVID-19 cases is as follows: Gauteng: 1 304 Western Cape: 1 514 KwaZulu-Natal: 847 Eastern Cape: 488 Free State: 111 Limpopo: 30 North West: 28 Mpumalanga: 23 Northern Cape: 16 Unallocated: 0 “Today we are saddened to report 7 more deaths, making the total number of deaths 86,” said Dr Zweli Mkhize, Ministere of health. The new deaths…

The Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu, today visited the site where temporary residential units (TRAs) are being built to accommodate people from densely populated informal settlements. The country plans to decrease the headcount in 29 critically overcrowded informal settlements across Gauteng, KwaZulu-Natal, the Western Cape and Eastern Cape as COVID-19 continues to spread. In order to curb the spread of COVID-19, the country imposed a 21-day lockdown that has since been extended by two weeks to the end of April. However, on Thursday President Cyril Ramaphosa announced five-level plan to ease lockdown. Sisulu today received a status update…

South Africans took to Twitter on Friday to commend President Cyril Ramaphosa for the leadership he has shown since the coronavirus came to the country. Twitter called for Fridays to be dedicated to the great work being done by Ramaphosa under hashtag #CyrilFridays. In order to curb the spread of COVID-19, the country imposed a 21-day lockdown that has since been extended by two weeks to the end of April. However, on Thursday President Cyril Ramaphosa announced a five-level plan to ease lockdowns and a R500 billion stimulus package. Dear Mr President @CyrilRamaphosa. We thank you for your leadership. Together…

Busisiwe Memela, the CEO of the South African Social Security Agency (Sassa), says the organisation will screen COVID-19 special grants applicants against other databases to see whether they qualify. On Thursday, Memela on Cape Talk radio detailed Sassa plans for registering and distributing relief money to unemployed South Africans impacted by the lockdown. In order to curb the spread of COVID-19, the country imposed a 21-day lockdown that has since been extended by two weeks to the end of April. However, on Thursday President Cyril Ramaphosa announced five-level plan to ease lockdown. As part of a R50 billion directed towards relieving…

President Cyril Ramaphosa said on Thursday night the country would begin a gradual and phased recovery in economic activity. “Our people need to eat. They need to earn a living. Companies need to be able to produce and to trade, they need to generate revenue and keep their employees in employment,” he said. “We have accordingly decided that beyond Thursday 30 April, we should begin a gradual and phased recovery of economic activity.” “We will implement a risk-adjusted strategy through which we take a deliberate and cautious approach to the easing of current lockdown restrictions.” Ramaphosa added that the government…