recent johannesburg news from techcentral.co.za
MTN board rallies around CEO Ralph Mupita
The pan-African telecommunications provider , which is headquartered in Johannesburg, said in a statement to shareholders on Friday that the board has "expressed its full support" for Mupita and for MTN's strategy. The statement comes six days after the Sunday Times reported that an uns
Shein pop-up store ruffles South African retail feathers
The store that opened in Mall of Africa , north of Johannesburg, for just over a week in August attracted long queues of customers eager for clothes and accessories often selling for less than R200/item. Some, like 30-year blogger and fashion influencer Michal Naidoo, said she was won o
Inside Gold Fields' huge cloud migration project
The project, which has been running since 2022, has allowed Gold Fields to modernise its technology stack and use analytics, machine learning and artificial intelligence to improve operational efficiencies and enhance workplace safety. The company also makes extensive use of predictive
Ramaphosa lauds growing government, business ties
"The deepening of the relationship between government and business is essential to the growth of our economy," Ramaphosa said in a speech to lobby group Business Unity South Africa's AGM in Johannesburg on Wednesday. "Our relationship is far too important to fail." The president's comme
SA seeks R319-billion to fix municipal power grids
The Just Energy Transition Municipal Forum and its secretariat will also train municipality staff and ensure the poor get access to a free electricity via a government grant, officials at a conference near Johannesburg said on Monday. The forum is an attempt by the presidency to improve
Fixing load shedding was just the start: Mteto Nyati
"As we move beyond load shedding, we should not get the impression that everything is hunky dory. There are a number of systemic issues that we are looking at," Nyati said at Eskom's summer forecast briefing at Megawatt Park in Johannesburg. "Today I want to focus on two things, the big
Little or no load shedding expected this summer
CEO Dan Marokane told a media conference at Megawatt Park in Johannesburg that the 152 load shedding-free days over the winter are likely to continue into the summer months - and by next March the company could be in the position to announce an end to the "chronic" load shedding that the country
Eskom rolls out EV charging stations in new pilot
Midrand, Johannesburg Brackenfell, Cape Town Mkondeni, Pietermaritzburg, Tlhabane Customer Network Centre, Rustenburg Marathon Customer Network Centre in Mbombela Groundwork "These sites will serve as the foundation for Eskom Distribut
2Africa cable is just the start of Meta's African fibre ambitions
According to Alex Masu, network investment head for Africa and the Middle East at Meta, the social media giant sees the next two to three years as crucial for driving investment into terrestrial fibre networks across the region. "The current focus is on long-distance terrestrial corrido
More can be done to support MVNOs in South Africa
This is according to Andre Wills, MD at Africa Analysis , who was speaking at the launch of South Africas newest MVNO, C-Connect , in Johannesburg on Tuesday. "MVNOs offer regulators the opportunity to allow new entrants into the mobile market at low cost since they don't have to bid fo
Homeowners are still going solar - but for different reasons
The second quarter of 2024 (April to June) saw 350.5MW of rooftop solar capacity added by South African households and business, compared to 240MW in the first quarter, according to GoSolr, a solar installation company. "The last day we had load shedding was 28 March, and this is a very
Operations 'not impacted' as protest action hits Tarsus
TechCentral was alerted to the industrial action at Tarsus Distribution's head office in Johannesburg, which began earlier this week. A 'select number of employees" are picketing outside the company's head office in Waterfall, near Midrand, said MD Gary Pickford. The workers, s
South Africa turnaround needs real economic reforms
While South Africa has been given 'some reprieve in the short term because it means that our cost of borrowing has come down", its fiscal dynamics haven't fundamentally changed, treasury director-general Duncan Pieterse told a Bureau for Economic Research conference in Johannesburg on Wednesday.
Suspect arrested in DStv piracy raid
It said that on Thursday, a successful raid was conducted in Gauteng with the support of detectives from the Eldorado Park police station. It followed similar raids recently in the Cape Town and Johannesburg. "The suspect, Jurgen Johannes Potgieter, was arrested for selling login creden
Eskom to swap coal for renewables, nuclear
The utility, which hasn't had to resort to load shedding for more than three months, is looking to expand capacity. Eskom will add generation from a pipeline of solar, wind, hydro, battery, gas and nuclear sources, Dan Mashigo, its GM for primary energy, said at a conference in Johannes
Five polluting Eskom coal plants get stay of execution
The plants, which account for almost a quarter of the state-owned utilitys almost 45GW of coal-fired generation capacity, will be allowed to operate under current emission limits until the end of March 2030, Barbara Creecy, the environment minister, ruled. That will exempt them from more stringe
Eskom making big strides, but load shedding remains a risk
That's according to the state-owned utility's CEO, Dan Marokane, who was speaking at a press briefing that also marked his 100 th day at the helm. "Load shedding remains a risk; we are not at a point where we can comfortably say that is behind us," Marokane told the briefing at its Mega
TymeBank eyeing possible New York listing
"We are currently valued at close to $1-billion and are busy with our series-D capital raise at unicorn valuation," Jonker said in an interview in Johannesburg. "Our target is to list TymeBank in New York by 2028, and we will most likely also do a secondary listing on the Johannesburg Stock Exch
Post-election wrangling leaves investors in limbo
Investors braced for further upheaval in South Africa's financial markets in the wake of last week's elections that produced no outright winner, with the outcome of ongoing coalition talks remaining highly uncertain. The ANC fell short of a parliamentary majority for the first
Powerful weather front to test Eskom's fleet
A powerful weather front, which is sweeping across South Africa, looks set to put Eskom's generation fleet to the test in the coming days. The first winter storm arrives as the state-owned utility boasts, as of Sunday, an uninterrupted 67 days without imposing rolling blackouts
IEC results portal goes blank in apparent glitch
An apparent glitch on the website of the Electoral Commission of South Africa (IEC) on Friday morning meant that the results page stopped updating and went blank. As of 8.12am, the results page showed the vote count as 0% complete after it had previously been showing results fr
South Africa enters uncharted territory
Election results from South Africa have left investors swinging between anxiety over the different permutations that coalitions may take and lingering hopes that whatever it is will result in a market-friendly government. Before the vote, investors were bullish, confident the A
CSIR election modelling shows ANC punished by voters
The ANC looks set to fall well short of obtaining a parliamentary majority for the first time since it came to power at the end of apartheid three decades ago, a model developed by the CSIR shows. The rand weakened. The governing party is on course to win just 42% of the votes
Datatec cuts dividend despite 'solid' full-year result
JSE-listed global technology firm Datatec has cut its dividend after reporting a decline in profit for the year ended February 2024. But the underlying business appears to be performing well. The dividend has been cut from R1.95/share for the 2023 financial year to R1.30/share
Reunert says Nashua hit by ports chaos
Technology and industrial group Reunert has reported an 8% improvement in interim headline earnings per share (Heps) and a 7% rise in revenue, showing that it's weathering a tough macroeconomic environment. Heps for the six months to 31 March 2024 rose to R2.89 from R2.67 in th