Eskom has announced that it will implement Stage 2 load shedding from 5pm to 10pm this evening (Monday 30 May), due to losing generation units at the Majuba and Medupi power stations today. However, the power utility expects more units to return to service overnight so tomorrow should look ‘brighter’. “Three generation units are expected to […]

The iconic Hout Bay harbour – top of the itinerary for many visitors to Cape Town, if only for the best serving of snoek and chips in the country – is being torn apart by copper thieves, tik addicts, vandals, and opportunistic criminals. “I have fond memories of Hout Bay harbour,” says Carte Blanche Executive […]

Deputy President David Mabuza says the nation is at a watershed moment where the land question must be tackled head-on through all constitutionally compliant instruments in order to effect the necessary changes. “We are at a crossroads, one possibly leading to anarchy and destruction, and the other, leading to a carefully guided land reform programme […]

Businessman put himself on “banned list” but then lost R5 million. By Tania Broughton A gambler who put himself on the “banned list” but still went into a casino and lost R5 million cannot claim damages, a judge has ruled. Businessman Suhail Essack argued that though he had been excluded from all gambling establishments at […]

Have you ever wondered what you can get out of Forex trading and why it has become so popular? Well, give this a read and find out. The purchasing and selling of currency values to make a profit are known as foreign exchange trading or forex trading. Forex trading occurs worldwide as a global market, […]

(Reuters) – Ratings agency S&P revised  South Africa’s outlook to “positive” on Friday, saying it reflects favourable terms of trade and a path toward contained fiscal expenditure for the country. S&P upgraded its outlook from “stable”, and affirmed the “BB-/B” foreign currency as well as “BB/B” local currency ratings on South Africa. “Recent favourable terms […]

The South African Reserve Bank’s Monetary Policy Committee (MPC) has once again increased the benchmark repo rate by 50 basis points to 4.75%. The decision was in line with a Reuters poll published last week. Reuters said “South Africa‘s central bank on Thursday increased its main lending rate by the largest margin in more than […]

Due to a continued loss of generating capacity, Stage 2 and Stage 3 loadshedding are to be implemented from Sunday evening across South Africa, Eskom announced in a statement on Sunday morning. Stage 2 loadshedding will be implemented from 17:00 – 22:00 tonight (Sunday 15 May), and Stage 3 will be implemented on Monday and Tuesday […]

(Reuters) – Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. By Greg Roumeliotis and Sheila Dang. Since 2013, Twitter has downplayed the spread of fake accounts on its […]

Now back in sunny South Africa after spending the past six days in Ukraine, DA Leader John Steenhuisen has compiled this report on the situation in Ukraine and what it means for SA: I’m speaking to you from Cape Town on a beautiful autumn morning in the Mother City, and on a day like this […]

Tesla CEO and new Twitter owner Elon Musk took part in a live stream Tesla / Twitter event on Sunday 8 May, together with Ark Invest CEO Cathie Wood and Jack Dorsey who is co-founder and former CEO of Twitter and also founder of financial payments company Block, Inc. Tesla says on its YouTube page: […]

The Daily Show host, South African expat Trevor Noah, has voiced the concern of many about the ‘billionaire games’ that the super wealthy, like fellow SA expat Elon Musk, play with the stock market. Watch below. The Daily Show, which has almost 10 million subscribers on YouTube, said “Trevor’s no finance expert, but the details […]

President Cyril Ramaphosa says the launch of a hydrogen-powered truck is a “giant step” in the right direction for South Africa’s budding green hydrogen economy. And there’s one man particularly who’s in the spotlight right now – Alex Tumisang Lekgau, Africa’s first and ONLY licensed operator of said hydrogen truck. Alex has risen from a […]

Power utility Eskom will need additional energy of between 4 000 and 6 000 megawatts in order to effectively carry out maintenance of its ailing power plans without having to resort to load shedding, Public Enterprises Minister Pravin Gordhan said on Wednesday. Responding to oral questions in the National Assembly, Gordhan said: “Clearly it is […]

Evaluating the environmental footprint of electric cars. By Neil Thomas Stacey. Should South Africans switch to electric cars to reduce their environmental footprint? The answer is no. In the South African context, electric cars are currently the dirtiest means of personal transport available, and will remain so until we have fixed our electricity generation. Autotrader’s […]

Eskom is expected to implement stage two load shedding from 5pm Tuesday evening until the early hours of next Monday morning. These latest power cuts come after the energy supplier lost generation capacity at several power stations. “This load shedding has been caused by a shortage of generation capacity owing to delays in returning generators […]

Christie’s Geneva will auction off a 228.31 carat pear-shaped diamond on May 11. The white gemstone – known as ‘The Rock’ – was mined and polished in South Africa over two decades ago. The diamond is estimated to sell for between $20 to $30 million. “This is really one of, not one of, it is […]

With Elon Musk being the richest man in the world, and currently one of the most famous – having just bought Twitter for $44-billion – it seems a lot of people have been asking him for tips on trading. So, the South African born and raised entrepreneur (SpaceX, Tesla and more!) has graciously shared his […]

Cape Town Mayor Geordin Hill-Lewis has announced that the City of Cape Town “is now ready to proceed with a detailed feasibility study for the devolution of the metropolitan rail function to this metro.” In other words, Cape Town has finally been given the green light by SA’s National Treasury  to look at localising its […]

BANGUI (Reuters) – Central African Republic has adopted bitcoin as an official currency, the CAR presidency said on Wednesday, becoming the first country in Africa and only the second in the world to do so (after El Salvador in Central America). Despite rich reserves of gold and diamonds, Central African Republic is one of the […]

CAPE TOWN — Ticketmaster, the global leader in live event ticketing, has announced it is bringing its advanced digital ticketing technology to South Africa, with headquarters in Cape Town. Sporting teams, artists, promoters, festivals and venues will be able to take full advantage of Ticketmaster’s suite of industry-leading products and digital ticketing tools designed to […]

President Cyril Ramaphosa has sent a ‘stern’ warning to government departments and businesses providing goods and services, that South Africa will not stand for acts of self-enrichment at the expense of those who need relief – following a deluge of catastrophic floods in some parts of the country. The president’s comments, at a joint sitting […]

South African expat Elon Musk has acquired Twitter Inc in a $44-billion deal today, 11 days after first offering to buy the social media platform. The billionaire entrepreneur (Tesla, SpaceX) and world’s richest man said “I hope that even my worst critics remain on Twitter, because that is what free speech means”. Twitter accepted the […]

The South African Government says the project is discontinued… By Bernard Chiguvare. The Department of Tourism spent R9.3-million on the Tshakhuma Conference Development Heritage and Tourism Project near Thohoyandou in Limpopo. The project ground to a halt in 2014 because the service provider mismanaged the funds according to the department. Nothing remains to be seen […]

Eskom says after making some ground in recovering generation capacity, it may lift all stages of load shedding on Friday evening. The power utility has been battling generation unit failures throughout the past week, which have tipped the country into the more stringent stage four load shedding – dropping down to stage three on Wednesday […]