Prosus CEO eyes massive e-commerce profits in 2025

Swiggy gig workers assist another worker as he parks an electric three-wheeler delivery scooter during a promotional event in Mumbai. Source: Reuters/Francis Mascarenhas Prosus, majority-owned by South Africa’s Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India’s biggest IPOs this year. Bloisi said…

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NERSA approves Eskom tariff plan amid Stage 4 load shedding

National Energy Regulator of South Africa offices in Arcadia, Pretoria. 1 minute The National Energy Regulator of South Africa (NERSA) has approved Eskom’s retail tariff plan, aimed at creating a more cost-reflective, transparent, and equitable tariff structure. This comes as the country faces stage four load shedding. Eskom announced the power cuts yesterday following the…

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SA mulls tax rebates, subsidies to boost local EV industry

Cars are seen on display at a showroom of a Nissan dealership in Melrose, South Africa, 16 July 2024. Reuters/Siphiwe Sibeko/File Photo Global automakers like Ford, Volkswagen, BMW and Toyota manufacture models in South Africa for both the local and European markets. Britain and the European Union jointly consume 46% of the vehicles the country…

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Free State Premier aims to give progress report in her SOPA

Free State Premier Maqueen Letsoha-Mathae addresses delegates at an event. 1 minute Free State Premier Maqueen Letsoha-Mathae says she will be giving a progress report to the province when she delivers her State of the Province later this morning. Letsoha-Mathae says the province has already turned into a construction site with several roads that are…

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