Sokowatch, a Kenya based B2B e-commerce startup has raised $14 million in Series A funding toward its mission of revamping supply-chain markets for Africa’s informal retailers. From Nairobi, the company has created a platform that connects merchants directly to local and multinational suppliers — such as Unilever and Proctor and Gamble — and...
Tag: South Africa
Cardi B to headline Castle Lite Unlocks experience
Castle Lite has revealed that groundbreaking rapper and one of the most sought-after voices in global Hip-Hop Cardi B will headline this year’s Unlocks experience. Set to perform at the TicketPro Dome in Johannesburg, South Africa on 12 June 2020, Cardi B holds a Grammy award and a world record...
Pallaso accosted and stabbed in Johannesburg
Songwriter, producer, and videographer Pius Mayanja, brother of Jose Chameleone, better known as Pallaso, is recovering from injuries sustained from a stabbing in South Africa. According to a video shared by the Team Good Music singer, goons accosted him in Johannesburg as he was travelling with a friend on Wednesday,...
Economist warns of new tax coming in South Africa’s upcoming budget
South Africa’s high-stakes 2020/21 Budget, set to be delivered Wednesday, could include another VAT hike and an extra one-off tax on income for individuals and companies, says Old Mutual Investment Group’s chief economist, Johann Els. While VAT was increased to 15% in February 2018 and then left untouched last year,...
Stay or go? South Africa’s highly skilled workers incentivised to emigrate
Brain drain, or the emigration of highly skilled workers for better prospects abroad, has increased in South Africa, causing concern for human resources practitioners, says Desire Pauw, Momentum Investments and Group Marketing Divisional executive for Human Capital. While the focus is typically on the loss of wealth and skills whenever...
FW De Klerk denies apartheid was a crime against humanity
FW De Klerk, South Africa’s last apartheid-era president, has learned the hard way that 'whatabout-ism' is no longer acceptable in modern politics. He recently gave an interview to mark his historic 1990 speech when he publicly freed Nelson Mandela and unbanned political organisations. During the interview on the national TV broadcaster he was...
Coronavirus could hit South Africa’s tourism hard
A new estimate from PricewaterhouseCoopers warns South Africa could lose R200 million in foreign spending and 1,000 tourism jobs due to China's coronavirus outbreak. And that's not counting the impact of tourists from other countries staying at home, as fears of the virus see the cancellation of events and trips...
South African expats build UAE nuclear plant, but local businesses still struggle
The United Arab Emirates (UAE) issued its first operating licence last week for a newly completed nuclear plant that generates 5 600 megawatts (MW) of electricity. The UAE has pledged that the last drop of fossil fuel would be in 2050 which is why they are going nuclear in a big...
The Political Foundation of South Africa’s Property Clause Amendment
The draft constitutional amendment may not be in its final form, but the stakes are too high not to comment on the change to section 25 of South Africa's Constitution proposed by the governing African National Congress. As the draft Constitution Eighteenth Amendment Bill, 2019 is currently worded, section 25(2)(b) would...
Springboks mull 2023 move to Six Nations
Rumours are swirling of South Africa's ambitions to play in an expanded Six Nations tournament after the 2023 World Cup, despite their existing commitment to Sanzaar until 2025 – but perhaps the Springboks can have the best of both worlds. South Africa is uniquely placed as a southern hemisphere superpower...