showmax

SA Show-Streaming Service Spreads All Across Africa

By SAPeople Staff Writer 14-05-16 20:52

ShowMax, the entertainment streaming service owned by South Africa’s Naspers is now also available in 36 countries in Africa, the company said on Friday. ShowMax, a cheaper alternative to Netflix (R99 versus $7.99 or R123) – with arguably a better selection of content, since it offers popular US shows from the HBO channel such as “Game of Thrones”, […]

joburg cape town

Cape Town and Joburg Get Ratings Upgrade by Moody’s

By SAPeople Staff Writer 13-05-16 12:45

The international ratings agency Moody’s has given Cape Town the highest possible credit rating, the city said on Thursday. At the same time Moody’s raised some of the ratings for Johannesburg. Cape Town now has the highest possible level of credit quality within the national context, the city said. The cities’ ratings are different from the country’s rating, which […]

kigali

12 Things to Know About Remarkable Rwanda

By SAPeople Staff Writer 12-05-16 15:26

Rwanda, the home this year of the World Economic Forum Africa, taking place this week, is sometimes known as the Switzerland of Africa, and – with good reason, after its numerous successes – it sells itself as “Remarkable Rwanda”. The capital is Kigali, and the country is often referred to as Land of a Thousand […]

molefe

No Load Shedding Expected in 2016, Says Eskom Chief

By SAPeople Staff Writer 12-05-16 14:04

Eskom CEO Brian Molefe said on Thursday no more load shedding was anticipated in South Africa through summer of 2017, except for planned maintenance. Addressing the media in a quarterly State of the System briefing, Molefe said there had been no load shedding since August 2015. He said that capacity was being progressively added, and several […]

cairo

South Africa Slips to Third-Biggest Economy in Africa

By SAPeople Staff Writer 12-05-16 09:29

In 2014 South Africa, which had been Africa’s biggest economy, slipped to second place behind Nigeria, and new figures suggest it has now slipped another notch – coming third behind Nigeria and Egypt. According to statistics released by the International Monetary Fund on Wednesday, Egypt’s GDP has been growing steadily at over two percent the last […]

london

How to Steal from Africa, All Perfectly Legally

By SAPeople Staff Writer 11-05-16 15:07

Africa loses at least $50 billion a year — and probably much, much more than that — perfectly lawfully. About 60 percent of this loss is from aggressive tax avoidance by multinational corporations, which organise their accounts so that they make their profits in tax havens, where they pay little or no tax. Much of the remainder […]

Kathu Solar Park

100 MW Solar Project in the Northern Cape Gets Green Light

By SAPeople Contributor 10-05-16 18:32

Eskom has signed a 20-year power purchase agreement with French multinational electricity company Engie to start construction of the Kathu Solar Park project in Northern Cape, it has been announced. It is expected to be operational in late 2018, providing 100 MW of power. “The Kathu Solar Park project supports South Africa’s strategy of increasing the […]

antananarivo

Africa Has 3 Megacities … With Others Catching Up

By SAPeople Staff Writer 10-05-16 12:20

While Johannesburg and Cape Town attract a growing number of new residents daily, they do not come anywhere near the explosive growth taking place in other parts of Africa. A recent report published by the World Economic Forum – which has its Africa summit in Kigali, Rwanda, from Wednesday – listed the three cities in Africa with a population […]

moodys

Good News as SA Fends Off Junk Rating by Moody’s

By SAPeople Staff Writer 08-05-16 09:04

Government has welcomed the ratings agency Moody’s announcement confirming South Africa’s long-term government bond and issuer ratings, after months of speculation that the country could be downgraded to junk status. The department of finance has reportedly been going out of its way to show the international ratings agencies it is committed to fiscal responsibility since late […]

Xhosa design

Xhosa Design a Hit on Global Catwalks

By SAPeople Contributor 06-05-16 09:37

When Laduma Ngxokolo’s mother Lindelwa taught him to knit, she sparked a love of fashion that inspired him to become a designer. Today her son’s collections are showcased on the catwalks of Europe’s fashion capitals. And earlier this year he walked away with the Most Beautiful Object in South Africa Award at the 2016 Design […]

mall of africa

12 Amazing Things to Know About The Mall of Africa

By SAPeople Staff Writer 25-04-16 18:42

The Mall of Africa will open its doors on Thursday, 28 April. It is the biggest mall built in a single phase in South Africa/Southern Africa/Africa, depending on which website you read. Construction consumed 10 million bricks and 8,500 tons of steel. It is located in Waterfall, a new living, working, retail area between Johannesburg […]

starbucks

South Africans Queued from Midnight for Starbucks Opening

By SAPeople Staff Writer 21-04-16 13:15

Well, Starbucks’ first store in sub-Saharan Africa opened in Johannesburg on Thursday morning, and such was the anticipation that people were lining up from about midnight on Wednesday, according to news reports. The opening in Rosebank made news in a few places around the world. “South Africa’s first Starbucks opens to long queues,” said Reuters. “Starbucks […]

Peppermint crisp

Happy 100th Birthday Nestlé South Africa

By SAPeople Contributor 20-04-16 21:32

Proudly South African congratulated Nestlé South Africa for its role in economic growth and job creation in South Africa, as the multi-national celebrates 100 years of operation in the country. “We salute Nestlé for its investment in our country over the years – particularly for its investment in the local economy through skills development programs, job […]

tuktuk

Tuk-Tuks for Cape Town!

By SAPeople Staff Writer 19-04-16 11:56

Tuk-tuks are coming to Cape Town! The city said on Tuesday that if all goes according to plan, there will be 80 tuk-tuks to start off with in eight areas of the city for travelling distances of three kilometres or less. It is hoped that they will be on the roads by September, in time […]

Bettel grapevine

BBC Interviews South Africa’s Wooden Watchmakers

By SAPeople 18-04-16 21:29

A young South African couple are making news overseas with their ‘timeless’ creations – watches made of natural wood mixed with high-quality stainless steel and carbon fibre. Stuart and Makeeda Swan were featured in a BBC interview a couple of days ago, talking about their Cape Town-based company Bettél (a mix of the two words – […]

rand

Rand Recovers to Pre-Nenegate Levels Against Dollar

By SAPeople Staff Writer 12-04-16 22:40

The South African rand has hit its strongest level in four months – reaching R14.65 to the dollar at its best – after the sacking of finance minister Nhlanhla Nene by President Jacob Zuma in December sent the financial market and the currency tumbling. It closed trading on Tuesday at about R14.7. In early January the currency slipped to as low as […]

Gupta brothers

Two Guptas and Zuma’s Son Quit Oakbay Company

By SAPeople Staff Writer 08-04-16 16:53

Two of the Gupta family have resigned their positions in the family’s South African company, and President Jacob Zuma’s son Duduzane has quit one of its subsidiaries, after what was described in a statement on Friday as a “sustained political attack”. The resignations from Oakby Resources and Energy were of Atul Gupta and Varun Gupta, who the statement said would resign with […]

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