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South Africa
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August 1, 2019

S.Africa: App enables investors to benefit from rising global beef demand

Cattle have long been considered a measure of wealth across Africa but it is not just farmers cashing in.

A pioneering app in South Africa allows investors, eager to benefit from rising global beef demand, buy shares in a cow from their mobile phone for as little as ($41).

Launched in 2015 with 26 cows, the project now includes more than 2,000 cows and has taken in 50 million rand, with 10 percent of investors coming from outside South Africa.

“We started off on this farm four years ago with just 26 cows. Across the platform now we have more than 2,000 cows that people have invested in. Some people own 26 cows, one person, and others own a fraction of the cow [...]

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July 30, 2019

Robben Island Museum booking system hamstrings tour operators

Despite the Robben Island Museum’s work to improve its booking and refund systems, these still aren’t functioning optimally and are hamstringing tour operators.

“It’s just become more difficult to book tickets, and communication with the museum is non-existent,” says Hylton Ross Branch Manager, Jackie Mitchell.

Spokesperson for the museum, Morongoa Ramaboa, says the heritage site is engaging with its official ticket operator about how and if it’s possible to reduce the waiting period for refunds, given the concerns raised.

In May this year the Robben Island Museum announced a fee increase as well as a two-tier pricing structure for tickets for tours, which came [...]

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July 19, 2019

Ford to add 1,200 jobs in South Africa from August

Ford Motor Company of Southern Africa (FMCSA) will employ 1,200 new employees from August 2019 to meet the growing international and local demand for the New Ranger, Ranger Raptor and Everest models.

Ford said that these additions will bring the company’s total employment in South Africa to approximately 5,500 employees.

At the same time, it will significantly bolster supplier companies by adding around 10,000 jobs in this sector.

“The R3 billion investment in our South African plants, announced in 2017, is now coming to fruition with the addition of a third shift to increase our production output,” says Ockert Berry, vice president operations, Ford Middle East [...]

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July 1, 2019

Relief for motorists as fuel price to drop for ‘first time in six months’

Cape Town – Motorists can expect a fuel price drop on Wednesday, the first in six months according to the Department of Energy. “On July 3, the price of 93 ULP petrol will drop by 96 cents a litre, while 95 ULP will cost 95 cents less a litre. “Diesel (0.05 percent sulphur) will decrease by 74.78 cents a litre and Diesel (0.005 percent sulphur) will cost 75.78 cents a litre less. “The price of paraffin will be reduced by 57 cents a litre.” The fuel price drop comes against a background of lower international oil prices throughout June. The Automobile Association (AA) said: “June was the weakest month for oil in the last quarter, with crude briefly slipping below $60 (R845) to [...]

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