Author: Staff Writer
Following a successful first round in October 2024, Collective X has committed an additional R50 million to invest in digital jobs across South Africa – co-investing with employers to create structured, outcomes-based work-integrated learning (WIL) opportunities that connect digital skills training with real employment. This commitment comes on the heels of new Collective X research revealing the scale of South Africa’s digital skills crunch: an estimated 118,000 ICT roles are currently unfilled, with more than 41,000 of those suited to junior talent. With over 30,000 different ICT jobs currently advertised, employers are struggling to find work-ready candidates—despite high youth unemployment.…
The recent 2025 Africa CEO Forum marked a turning point in digital finance discussions, as business and policy leaders highlighted the growing role of stablecoins and digital assets in shaping monetary sovereignty, cross-border trade and financial inclusion across the continent. This is according to Gillian Darko, Chief of Staff and Director of Strategy at Yellow Card, who notes that while discussions at last year’s Africa CEO Forum largely revolved around the speculative potential of blockchain, this year’s event marked a decisive shift – from theoretical discourse to strategy-driven implementation. “In previous years, conversations focused on blockchain’s possibilities, but in 2025,…
A coordinated operation between police and private security firm Vision Tactical led to the tracking and fatal shooting of Philangenkosi Makhanya, one of the suspects in the kidnapping and murder of Olorato Mongale, according to the Sunday Times report. The four-day manhunt ended in a bloody shootout on the KZN coast. The Kidnapping and Initial Investigation Olorato Mongale was kidnapped in Athol, Johannesburg, at 2:45 PM on Sunday and found dead just hours later in Lombardy East. By Monday night, police contacted Vision Tactical, a security firm working closely with the SAPS anti-kidnapping unit, to assist in tracing the suspects. Tracking the Suspects’ Movements Vision Tactical’s director, Yaseen Theba, revealed that the suspects…
Renowned South African health and skincare education provider, Isa Carstens Academy (ISA), is set to join the NetEd private higher education group in terms of a recent transaction between the ISA founders and NetEd Group. This acquisition will enable this iconic wellness education brand to move further into higher education with an expanded reach and new offerings. South Africa’s beauty and personal care sector is experiencing unprecedented growth with an expected compounded annual growth rate (CAGR) of 7.2% from 2025 to 2030. ISA, a leader in health and skincare education for over 45 years, is aligning with the industry’s evolution. The…
The Independent Communications Authority of South Africa (ICASA) said today it has taken note with serious concern, recent reports alleging that Starlink, a satellite internet service operated by SpaceX, may be offering its services within South Africa without the requisite authorisation. To this end, ICASA has published a general notice under Government Gazette no 49777 reiterating that all entities offering electronic communications services within South Africa are required to comply fully with the applicable legislative and regulatory frameworks. ICASA added that it has also formally engaged SpaceX to seek clarity on the reported activities and is currently awaiting a response.…
The Association of Comms and Technology (ACT) has noted with great interest the Minister’s Policy Directive on aligning ICASA’s empowerment regulations with the B-BBEE ICT Sector Code, and the proposed inquiry into the need for I-ECNS licence applications. These developments will shape competition, transformation, and the regulatory framework and provided it is implemented transparently, consistently, and with an equal application of the law, could usher in a new era for the sector. ACT recognises the Minister’s call for ICASA to formally recognise Equity Equivalent Investment Programmes (EEIPs) and will make submissions accordingly. While we support efforts to resolve regulatory ambiguity…
Late on Friday the 23rd of May, Fitch Ratings announced its decision to affirm Eskom Holdings SOC Ltd.’s Long-Term Local-Currency Issuer Default Rating (IDR) at ‘B’, with a stable outlook. In addition, Fitch Ratings revised Eskom’s Standalone Credit Profile (SCP) to ‘ccc+’ from ‘ccc-‘. Fitch Ratings stated the revision of Eskom’s SCP is a reflection of the improvement in the operational performance of the Group and the material increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) that the ratings agency has evaluated as likely in Eskom’s Financial Years (FY) 2025 to FY 2029. “The affirmation and positive revision on our credit rating profile by…
Cell C, South Africa’s customer-focused challenger in the mobile telecommunications space, today announced the appointment of PHD South Africa as its official media agency partner, effective 1 July 2025. This strategic partnership marks an exciting new chapter in Cell C’s journey to deepen engagement with customers and bring its purpose, to empower South Africans through accessible, human-centred connectivity, to life. As Cell C continues to drive its business transformation and momentum following its brand revitalisation, the choice of PHD was driven by a shared commitment to customer insights, innovation, and leveraging technology for impact. PHD’s globally recognised approach to audience…
A high-stakes legal battle is brewing over the sale of Shell’s downstream business in South Africa, valued at $1 billion (R18 billion), according to Sunday Times. The dispute centers on Swiss energy giant Gunvor’s last-minute decision to replace Afrifund Investments, led by businessman Sipho Maseko, with Matasis Investment Holdings—a Johannesburg-based firm headed by former Northern Cape premier Manne Dipico. Maseko and Afrifund are reportedly considering legal action, alleging they were sidelined in favor of a politically connected entity. Shell announced its exit from South Africa’s downstream sector—including 600 service stations—last year, aiming to shift focus to global upstream operations. Gunvor,…
This year’s G20 and B20 meetings present a crucial opportunity to advance financial inclusion and cross-border digital payments across Africa, transforming the continent into a more integrated trade region, reported the Sunday Times. This is the view of Deputy Finance Minister David Masondo, who spoke at the B20’s Global Partnership for Financial Inclusion plenary in Skukuza this week. Financial inclusion is expected to spur competition, innovation, and cost efficiency. Masondo highlighted the National Treasury’s financial sector reforms, including investments in infrastructure to boost economic participation. The Treasury and South African Reserve Bank’s inclusive payments digitalisation programme aligns with Vision 2025,…
Communications Minister Solly Malatsi has rejected criticism of his policy directive easing BEE rules in the ICT sector, dismissing claims it was designed to benefit Elon Musk’s Starlink, according to the Sunday Times. The directive gazetted a day after President Cyril Ramaphosa’s White House meeting – attended by Musk – has sparked speculation, but Malatsi insists the timing was coincidental. “The policy direction is given under the Electronic Communications Act [ECA] … the minister of communications & digital technologies has the power to give policy directions under the ECA, which is what I have done,” Malatsi told the Sunday Times. “There was…
Huawei has significantly deepened its partnership with the Cape Peninsula University of Technology (CPUT), elevating the institution to an ICT Academy Support Center (IASC). This pivotal step, formalised through a new memorandum of understanding, not only enhances the existing bond established in 2019 but also promises to accelerate the development of local ICT talent, expand resources, and empower students with industry-leading skills crucial for the digital economy. Beyond uplifting individual careers, these partnerships help to bridge the digital divide by providing access to relevant skills and technologies, especially in underserved communities. In doing so, such initiatives bring more people into…
Eskom has issued an Invitation To Tender for the construction of a pilot renewable green hydrogen facility (RHF) at its Research, Testing and Development (RT&D) unit in Johannesburg. Renewable green hydrogen production is a key priority to achieve net-zero carbon emissions by 2050 in South Africa. This pilot will directly contribute to informing Eskom’s decarbonisation strategy and potentially enable renewable energy deployment as it presents an excellent medium to long-term energy storage solution. Developing a pilot Renewable Hydrogen Facility (RHF) will present Eskom with an informed pathway to plan for the potential adoption of green hydrogen, as well as provide an opportunity…
Broadbrand, a new digital advertising initiative from the Digital Solutions Group (DSG), has officially launched to provide South African advertisers and publishers with a credible, local alternative to global ad platforms. With Vincent Maher appointed as CEO, Broadbrand enters the market with a mission of restoring value to independent publishers while giving advertisers efficient reach and performance across verified local media. The launch comes amid renewed scrutiny of how global tech platforms shape news media economics. In February, the Competition Commission’s provisional findings concluded that global ad technology players had engaged in anti-competitive practices against South African news outlets. Broadbrand…
Vodacom today announced that its flagship rewards programme, VodaBucks, has been awarded with the “Best Gamification Worldwide for Loyalty Enhancement” accolade at the prestigious 2025 International Loyalty Awards event, held in Dubai. This award highlights VodaBucks’ commitment to delivering engaging and value-driven rewards to customers on the Vodacom network through imaginative gamified solutions. “This is an epic moment for Vodacom South Africa, and I am beyond excited to be recognised on a global stage for our VodaBucks rewards programme. This global recognition affirms our long-term strategy of placing customers at the centre of everything we do. VodaBucks is more than just…
Stellenbosch University (SU) and HyperionDev, Southern Africa’s leading technology education provider, expanded their partnership with launching a Generative Artificial Intelligence (AI) mini-bootcamp, with an AI for Business Strategy programme to follow soon. AI is rapidly transforming how we create, innovate, and interact with technology, and harnessing its potential has never been more important. Similarly, the demand for trained AI specialists has never been greater. According to Forbes, the demand for AI-trained professionals has increased by 323% over the last eight years and continues to grow rapidly. Anita Nel, SU’s Chief Director Innovation and Commercialisation, said SU’s partnership with HyperionDev aims to broaden access…
The South African Tyre Manufacturers Conference (SATMC) has appointed Jacques Rikhotso, Managing Director of Bridgestone Southern Africa, as its new chairperson. The move is aligned with a renewed focus on defending local manufacturing against the growing influx of imported tyres. Rikhotso’s appointment comes as the domestic industry contends with mounting pressure from Chinese imports. “Our top priorities are advancing regulatory alignment, promoting the use of locally manufactured tyres, and ensuring fair competition in the domestic market,” Rikhotso says. “We’re focused on three key levers: ensuring regulatory parity for all players, enhancing local manufacturing competitiveness, and driving consumer awareness around quality, safety and sustainability.” A…
In recent years, buying second-hand goods and thrifting have gained significant momentum in South Africa, not just as budget-friendly options, but as conscious lifestyle choices. More South Africans are embracing pre-loved fashion, furniture and electronics as sustainable alternatives to fast consumerism. Whether driven by economic necessity, environmental awareness, or a love for unique finds, thrifting has become a cultural movement that reflects both creativity and resilience. In March 2024, infoQuest, a leading South African online research company conducted a survey to assess second-hand buying/thrifting behaviour among 300 South African consumers of all demographics. This article examines the prevalence of second-hand…
The Financial Sector Conduct Authority (FSCA) has issued a warning to the public against engaging with fraudulent WhatsApp accounts impersonating STANLIB. The scammers, operating under the name “Stanlib WhatsApp Investment Group” and an individual named Mzwandile Ngcobo (WhatsApp: 069 162 7744), falsely claim association with the financial institution. STANLIB has confirmed to the FSCA that these accounts are not affiliated with the company. The FSCA urges consumers to always verify whether a financial service provider is authorised before conducting any transactions. To check legitimacy, use one of these methods: Call the FSCA toll-free: 0800 110 443 Search for regulated entities online: FSCA Regulated Entities List Verify authorised FSPs under FAIS…
As global tax regulations tighten and cross-border tax compliance becomes a focal point for governments worldwide, Cape Town is rapidly emerging as an attractive destination for foreign professionals and investors. South Africa’s well-respected tax framework enriched by robust international treaties, creates a transparent and secure environment ripe with opportunities for growth and prosperity in the region. According to 2022 data from Statistics South Africa, the country is home to approximately 2.4 million expatriates. The majority – over 80%- originate from other African nations, with the remainder coming from Europe and the United States. Smaller communities also exist from Asia, including…
The Cape Town Municipality reminds all residents to switch to emailed municipal accounts before 31 December 2025. Submit your email and account number via email or SMS, after the deadline, printed bills will stop, so act now! Over 452,000 residents have already switched to e-billing, don’t get left behind! Enjoy instant billing, better record-keeping, and help reduce paper waste. How to Register: Email: Send account number & email to [email protected] SMS: Text details to 31223 Need Help? No email? Contact: Call Centre: 0860 103 089 Visit a Customer Interaction Centre “Switch now to avoid last-minute delays and support a greener Cape Town!” – Councillor Siseko Mbandezi, Finance Mayco Member Why Switch to E-Billing? Get bills…
Outgoing Absa chair Sello Moloko has dismissed suggestions that the bank’s reputation suffered from the leadership scandal surrounding former CEO Arrie Rautenbach’s abrupt departure, according to a Sunday Times report. Speaking publicly for the first time since announcing his exit, Moloko maintained that Absa’s brand remains robust, pointing to the appointment of Kenny Fihla as the new group CEO as evidence of the institution’s strength. New Leadership as Confidence Vote Fihla, currently deputy group CEO at Standard Bank, will take the helm at Absa on June 17, becoming the bank’s second black group CEO. Moloko argued that attracting an executive…
Transnet is on the brink of a devastating strike after wage negotiations between the state-owned logistics company and the United National Transport Union (Untu) reached a deadlock this week. Efforts by the Commission for Conciliation, Mediation and Arbitration (CCMA) to mediate failed, raising the specter of nationwide industrial action, reported the Sunday Times. Strike Threat Looms Untu, which represents 26,500 Transnet workers, has warned it will issue a 48-hour strike notice if no revised wage offer is presented by Monday. Untu spokesperson Atenkosi Plaatjie told the Sunday Times: “Should no revised offer be forthcoming, Untu will issue Transnet with a…
The Public Investment Corporation (PIC) is in a frantic last-minute effort to secure R500 million in funding to prevent the collapse of struggling poultry producer Daybreak Foods, reported the Sunday Times. Without the cash injection by Friday, the company faces liquidation, putting 3,400 jobs at risk. Failed Funding Plea The PIC sought emergency funding from the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF) but was unsuccessful, reported the newspaper. A liquidation application, brought by creditors including Lakat Chicken, is set to be heard in the Pretoria High Court on Tuesday. In a letter seen by the Sunday Times, PIC…
President Cyril Ramaphosa is preparing for a potentially contentious meeting with US President Donald Trump, with high-stakes discussions expected on trade, race policies, and allegations of “genocide” against white Afrikaners, according to the Sunday Times. Despite the possibility of a hostile reception, Ramaphosa remains focused on protecting South Africa’s economic interests. High-Stakes Diplomatic Encounter The meeting marks one of Ramaphosa’s most critical diplomatic engagements, with the African Growth and Opportunity Act (Agoa) trade deal at risk. Agoa enables duty-free exports worth R66bn in sectors like automotive, citrus, and wine. Presidency spokesperson Vincent Magwenya said Ramaphosa was losing no sleep over…