Author: Staff Writer

Black female owned private equity investor Moshe Capital has acquired a 20% stake in Pragma, which is an engineering services business that specialises in delivering enterprise asset management services and solutions using proprietary technology. The R50 million deal was funded by FNB and takes black ownership of Pragma to 56.8%. “Moshe Capital partners with African businesses that can compete internationally, so Pragma is an excellent fit for our investment portfolio of mining and related businesses that transform the sector and have potential for growth. It is a homegrown business with a global footprint including an office in Europe, representation in…

Eskom announced that Stage 4 loadshedding will continue to be implemented until 16:00 on Monday afternoon, whereafter Stage 5 loadshedding will be implemented at 16:00 – 05:00 on Tuesday morning. The power utility added that loadshedding will then be reduced to Stage 3 at 05:00 – 16:00 on both Tuesday and Wednesday, while Stage 4 will be implemented during 16:00 – 05:00 on both Tuesday and Wednesday. Eskom will publish another update as soon as any significant changes occur. Over the past 24 hours, a generating unit each at the Arnot, Grootvlei, Kendal, Medupi and Tutuka power stations were returned…

Senzo Mbhele, currently Head of Innovation and Employee Experience at Tarsus Technology Group, has been appointed Managing Director of Tarsus On Demand (TOD) effective 1 March 2023. This follows the resignation of Anton Herbst, former CEO of TOD and Tarsus Technology Group (TTG), who departs both roles at the end of February 2023. Having previously held various roles at technology and consulting firms, Senzo joined TTG in 2016, leading proactive approaches to employee well-being in the organisation. Mbhele’s role as Head of Innovation and Employee Experience ensured that the group’s strategy filtered through to divisions and teams, and has seen…

Global technology brand HONOR today announced the launch of the HONOR X7a in South Africa is right around the corner. Featuring a long-lasting 6,000mAh battery[1], a 50MP Ultra-clear Quad Camera system, 128GB[2] storage, and a stunning 6.74-inch[3] HONOR FullView Display, the new HONOR X7a smartphone comes with extraordinary battery life that lasts for 3 days of typical use on a single charge, and powerful hardware to offer a well-rounded use experience throughout the day, and more – all at an affordable price. Slim Body, Large Battery Embedded in HONOR X7a’s slim and chic body, the 6,000mAh battery delivers extraordinary battery…

AKA’s new album, Mass Country, due to be released on global streaming platform Spotify tomorrow, is both a parting gift to his fans and a love letter to South Africa. Mass Country was produced and completed before South African rapper Kiernan Forbes’ untimely death. With a mix of local sounds, and features from a host of South Africa’s hottest Hip Hop talent including Khuli Chana, Blxckie, Nadia Nakai, Emtee, Yanga Chief, Sjava and more, there is no mistaking that this one was for his South African fans. In a video taken while he was in the studio, AKA is heard…

Umbiie (pronounced Um-bee) has launched a first-of-its-kind skills and experience matching platform for legal professionals globally. By uberising the workforce, Umbiie eliminates costly inefficiencies and deficits in the recruitment process to perfectly align legal professionals with jobs, consultants with projects, and practice lawyers with new clients. Marking a 180-degree pivot for the recruitment industry, Umbiie is powered by a shared revenue model that rewards all stakeholders in the resourcing and recruitment process, from the candidate to the client. The gig economy Umbiie comes in response to the fast-changing recruitment landscape which puts more power into the hands of job seekers.…

This note sets out the basic characteristics and requirements for the solar panel incentive announced by the Minister of Finance on 22 February 2023. This is meant to help individuals in their immediate decision making, rather than postponing any solar installation until the legislative process can be finalised. WHAT IS THE OBJECTIVE OF THE INCENTIVE? Government proposes this programme to encourage households to invest in clean electricity generation capacity which can supplement electricity supply. The incentive will only be available for 1 year to encourage investment as soon as possible. WHO CAN CLAIM THE INCENTIVE? Individuals who pay personal income…

TFG’s new fashion and lifestyle shopping platform, bash, made a standout official debut this week, becoming the most downloaded app within six hours of its launch to customers. The platform, available on desktop and mobile web, as well as the IOS, Android and Huawei App stores, was the most popular app both within the shopping category and across all categories. Bash already boasts over 150 brands across 15 TFG store brands. Combined, this showcases an unrivalled selection of SA’s most-loved retail brands, augmented by the TFG rewards programme and TFGMoney. “We always knew that TFG had the ideal pillars to…

Naspers-backed car subscription company Planet42 has raised $100 million or R1.8 billion in combined equity and debt funding. The $15 million or R275 millionequity round was co-led by Naspers and ARS Holdings, with participation from existing and new shareholders, including Rivonia Road Capital, who also provided a $75 million  or R1.3 billion credit facility. Private investors contributed a further $10 million or R183 million in debt financing. The funds will enable Planet42 to rapidly scale its business and meet its ambition of providing 1 million cars worldwide. The car subscription startup addressing transport inequality by putting cars in the hands…

Shoprite is the first South African retailer to introduce an exclusive private label product range primarily sourced from local small, medium and micro enterprises (SMMEs). The Homegrown label creates opportunities for emerging enterprises to thrive in the retail space. With access to market via Shoprite’s 534 supermarkets nationwide, it enables SMMEs to get their products onto shelves, increase turnover, and impact their local community by creating more jobs. This comes only months after the launch of Shoprite Next Capital, a business division dedicated to giving small suppliers access to its consumer market. ‘Homegrown’ speaks to the products within the new…