Sector: Consumer Services
The company is not available at Interactive Brokers
Lewis Group Limited (JSE:LEW) is a leading retailer of household furniture and electrical appliances through its five trading brands:
Lewis
Lewis is South Africa’s largest furniture chain. Stores sell a range of household furniture, electrical appliances and home electronics to customers in the LSM 4 to 7 target market. Stores are generally located in main streets and town centres. Each store carries a basic range of merchandise and stores then select a further optional range to cater for specific markets and regional differences. Lewis has more than 480 stores, including 70 stores in Botswana, Lesotho, Namibia and eSwatini.
Conventional stores average 335m2 and the smaller format stores 250m2. The smaller format store, introduced in 2010, has enabled the chain to gain access to high traffic areas at more affordable rentals. This store format offers customers key merchandise lines, with the full range available on the electronic catalogue and display screens in-store. lewisstores.co.za
Best Home and Electric
Best home and electric is a retailer of electrical appliances, sound and vision equipment and selected furniture lines. The chain offers branded merchandise to its targeted customers in the LSM 4 to 7 group. The electronic catalogue is used extensively to market furniture ranges.
Stores are smaller than Lewis stores and average 138m2, being located mainly in high traffic areas with high trading densities. Best Home and Electric has 141 stores, including 12 stores in Namibia and eSwatini. bestelectric.co.za
Beares
Beares targets cutomers in the LSM 7 to 9 categories with a focus on exclusive and innovative ranging of aspirational furniture. While aimed at a higher target market than Lewis and Best Home and Electric, Beares applies the group’s business model and utilises the well-established credit infrastructure. Stores average 378m2 and are located mainly in high traffic areas. Beares has 127 stores, including 38 stores in Botswana, Lesotho, Namibia and eSwatini. beares.co.za
United Furniture Outlets
UFO sells exclusive luxury household furniture to higher income customers. UFO stores are located in malls and shopping centres with the group’s flagship Marlboro store regarded as a destination shopping location. UFO stores are on average 720m2 with product display on the shop floor for customers to view and inspect. UFO does not offer any credit facilities, all purchases are paid in cash, or with debit or credit card. UFO has 41 stores in South Africa. unitedfurnitureoutlets.co.za
Monarch Insurance
The retail chains are supported by Monarch insturance - the group's short-term insurer which offers optional insurance products that comply with the National Credit Act, to customers purchasing merchandise on credit. The standard credit life policy on offer covers the outstanding balance for death or permanent disability and up to 12 months instalments due for temporary disability or loss of employment. The enhanced benefit covers the outstanding balance of the credit agreement for death, permanent disability, temporary disability, or loss of employment.
Founded in Cape Town in 1934, the Lewis Group has been listed on the JSE Limited since 2004.
Semi-Annual values ($m)
Change (y/y)
FCF ($m)
Net Debt / Cash and Equivalents ($m)
EV / EBITDA
Potential dynamics
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8-billion.
2024-03-28 18:14 +02:00
Icasa has taken heed of industry criticism of proposed new data expiry rules, walking back its early draft plans.
2024-03-01 09:36 +02:00
Cape Town will pay residential households for excess power that they generate from their solar installations.
2024-02-13 06:37 +02:00
Elon Musk’s $55-billion pay package at Tesla was struck down by a US judge after a shareholder challenged it as excessive.
2024-01-31 11:27 +02:00
While FTX is certainly not crypto’s biggest case of fraud, it undoubtedly won’t be the last.
2023-11-05 14:38 +02:00
Cape Town plans to spend almost R1-billion in three years on safety technologies, including bodycams.
2023-08-31 09:13 +02:00
At three hours, it’s an intense experience, but Oppenheimer is a movie every bit as brilliant as its subject matter.
2023-07-25 13:43 +02:00
Cape Town has set a record for the number of applications received to install solar power as the electricity crisis worsens.
2023-05-30 08:00 +02:00
The City of Cape Town is in talks with Eskom to take over the supply of electricity across the metro.
2023-05-25 08:11 +02:00
The City of Cape Town is combining gunshot detection technology and drones to pinpoint gun violence and rapidly deploy police.
2023-05-05 12:51 +02:00
Cape Town is planning a R1.2-billion solar PV project that it hopes will protect it from one full stage of load shedding.
2023-04-18 15:24 +02:00
Icasa will hold another auction for radio frequencies suitable for mobile broadband early in 2024.
2023-04-17 16:02 +02:00
The acting chairman of Icasa, Charley Lewis, has stepped down from the role but will remain on the regulator’s council.
2023-04-03 13:36 +02:00
The most severe power cuts ever experienced in South Africa are threatening food and water supplies and disrupting the lives of millions of people.
2023-01-18 14:40 +02:00
For the vast majority of the world’s wealthiest people, 2022 was a year to forget.
2022-12-30 11:31 +02:00
Through another auction, Icasa plans to license additional spectrum that’s suitable for 4G, 5G and future mobile broadband technologies.
2022-12-21 12:10 +02:00
Communications regulator Icasa has sworn in four new councillors to its powerful decision-making council.
2022-11-01 16:24 +02:00
Microsoft projected second quarter revenue below Wall Street targets across its business units.
2022-10-26 08:42 +02:00
The city has published a tender to build a grid-tied solar plant next year as it moves to shield its residents from the impact of load shedding.
2022-09-21 12:08 +02:00
The widely respected Ngwepe has said he is not available for reappointment following the expiry of his current term in office in October.
2022-08-10 13:13 +02:00
Keabetswe Modimoeng said MTN Group’s proposed acquisition of rival Telkom should be considered seriously by regulators.
2022-07-15 14:26 +02:00
Cape Town mayor Geordin Hill-Lewis on Monday published a 10-point plan that he said would go a long way to resolving South Africa’s energy crisis.
2022-07-11 14:42 +02:00
As government struggles to provide sufficient electricity, public transport and other basic services, the country’s main tourist hub is increasingly going it alone.
2022-06-15 08:06 +02:00
Johannesburg mayor Mpho Phalatse said the city plans to partner with independent power producers and small-scale energy generators to alleviate load shedding.
2022-04-22 16:25 +02:00
Emergency evacuation sirens, meant to warn Cape Town residents of a problem at the Koeberg power station, sounded on Thursday – but this was a false alarm.
2022-04-14 12:20 +02:00
South African-founded chat commerce specialist Clickatell, which is now headquartered in California, has secured R1.4-billion in a series-C funding round.
2022-02-22 15:20 +02:00
A former McDonald’s burger-flipper and software developer was, practically overnight, vaulted into the ranks of the world’s wealthiest people. Here’s how it happened.
2022-01-10 15:27 +02:00
It is not yet clear just how extensive the destruction of particularly retail and warehouse property and the looting of stock in the unrest in KwaZulu-Natal and Gauteng was.
2021-07-19 06:08 +02:00JSE:SHP JSE:NED JSE:PPH JSE:CLS JSE:INP JSE:WHL JSE:MRP JSE:SPP JSE:INL JSE:TBS JSE:IPF JSE:MSM JSE:CSB JSE:FBR JSE:MPT JSE:LEW JSE:MST
A system using satellite data to send free alerts when trees are destroyed has been linked to a significant drop in forest losses in Africa.
2021-01-05 11:52 +02:00
Some of Wall Street’s biggest players are viewing the stock market’s recent tech-led selloff as a bout of turbulence rather than the start of a longer slide – and they don’t see it as a reason to run for the door.
2020-09-10 06:53 +02:00
President Cyril Ramaphosa approved a small salary increment for councillors at communications regulator Icasa. The new remuneration levels are retrospective with effect from 1 April 2019.
2020-08-31 15:15 +02:00
Communications minister Stella Ndabeni-Abrahams has relented in her fight with parliament over Icasa and has appointed a sixth councillor, Kgosie Matthews, to the communications regulator.
2020-08-27 10:21 +02:00
The Democratic Alliance has accused communications minister Stella Ndabeni-Abrahams of thumbing her nose at parliament after failing to fill six council vacancies at communications regulator Icasa.
2020-08-24 13:58 +02:00
Communications minister Stella Ndabeni-Abrahams has appointed five new councillors to communications regulator Icasa, returning the former acting chairman, Keabetswe Modimoeng, for a fresh term.
2020-08-22 10:45 +02:00
A parliamentary portfolio committee has short-listed eight names to send to acting communications minister Jackson Mthembu for appointment to the council of communications regulator Icasa.
2020-05-12 10:52 +02:00
Newzroom Afrika, the new 24-hour new channel licensed by MultiChoice that replaces the defunct, formerly Gupta-owned ANN7, will be launched on DStv on Thursday.
2019-04-30 07:44 +02:00
President Cyril Ramaphosa has appointed members of the Presidential Commission on the Fourth Industrial Revolution.
2019-04-09 12:15 +02:00
The rally that sent bitcoin to its highest level since November lasted 60 minutes and may have started with an April Fool’s joke.
2019-04-02 14:19 +02:00
Civil society group Corruption Watch wants five former Eskom board members declared delinquent directors.
2019-04-01 09:32 +02:00
JOHANNESBURG (Reuters) -Impala Platinum on Tuesday temporarily halted operations at its Rustenburg mining complex in South Africa after 11 workers died and 75 were injured in what the CEO said was "the darkest day" in the company`s history.
2023-11-28
South Africa`s state-owned logistics company Transnet has requested an unspecified cash injection from the government as it seeks to reduce debt and return to profitability, it said on Thursday.
2023-10-26
South Africa needs to regulate swiftly to spur demand for electric vehicles (EVs), the co-CEO of the local unit of Mercedes-Benz said on Wednesday, as the country`s automotive industry risks being irrelevant to the global market.
2023-10-18
South African insurer Discovery Ltd on Thursday declared its first dividend since the COVID-19 pandemic took hold in 2020, citing a strong balance sheet and cash generation, but said macroeconomic uncertainty would persist.
2023-09-21
Australian gas explorer Kinetiko Energy, which has found shallow sandstone gas in South Africa, has started talks with petrochemical company Sasol on a possible supply agreement, Kinetiko’s chief executive said on Monday.
2023-08-28
South African coal miner Exxaro Resources is planning to build up a cash balance of up to 15 billion rand ($788.34 million), partly to fund acquisitions as it widens its search for clean energy minerals, executives said on Thursday.
2023-08-17
Five people have been killed in the South African city of Cape Town as a strike by mini-bus taxi drivers that began last week turned violent, authorities said on Tuesday.
2023-08-08
South African miners have increased their efforts to bring on new solar and wind generation, renewables company JUWI said, as they seek to cut costs and emissions and address an electricity crisis that has hit their output and the wider economy.
2023-06-27
South African shoppers are increasingly turning to credit to buy discretionary items such as clothing and homewares, company earnings reports show, highlighting the strains on household budgets and growing risks for retailers.
2023-06-22The American Civil Liberties Union (ACLU) sued Montana and its Republican House Speaker on Monday, accusing them of violating a Democratic transgender legislator`s First Amendment rights by barring her from the House floor after she protested a bill banning gender-affirming healthcare for minors.
2023-05-01NEW YORK (Reuters) -E. Jean Carroll returned to the witness stand in her rape and defamation civil case against Donald Trump, after the judge denied a defense request for a mistrial.
2023-05-01NEW YORK (Reuters) -E. Jean Carroll returned to the witness stand on Monday where a lawyer for Donald Trump sought to disprove her claim the former U.S. president raped her, after the judge denied a defense request for a mistrial.
2023-05-01ABERDEEN, Scotland (Reuters) -Former U.S. President Donald Trump arrived in Scotland on Monday for a short trip to visit his golf courses in the country and in Ireland.
2023-05-01Asian stocks rose on Friday as strong corporate earnings lifted sentiment despite lingering worries over economic weakness, while the yen dipped after the Bank of Japan kept rates ultra-low even as it announced a broad review of monetary policy.
2023-04-28NEW YORK (Reuters) -E. Jean Carroll, a writer accusing Donald Trump of raping her in the mid-1990s, pushed back during a cross-examination on Thursday, saying "I`m telling you: he raped me whether I screamed or not."
2023-04-27NEW YORK (Reuters) -E. Jean Carroll, a writer accusing Donald Trump of raping her in the mid-1990s, forcefully denied on the witness stand that her failure to scream meant the rape never happened, or that she waited more than two decades to come forward to sell more copies of her 2019 memoir.
2023-04-27NEW YORK (Reuters) -Donald Trump`s legal team began attacking the credibility of former Elle magazine columnist E. Jean Carroll on Thursday, as the civil trial resumed over her claim that the former U.S. president raped her and lied about it.
2023-04-27Donald Trump`s legal team is expected to attack the credibility of former Elle magazine columnist E. Jean Carroll on Thursday, as a civil trial resumes over her claim that the former U.S. president raped her and lied about it.
2023-04-27NEW YORK (Reuters) -The writer suing Donald Trump for allegedly raping her nearly 30 years ago began testifying on Wednesday at a civil trial, telling jurors the former U.S. president sexually assaulted her and defamed her by lying about it.
2023-04-26NEW YORK (Reuters) -Testimony began on Wednesday at the civil trial for a nearly 30-year-old rape claim against Donald Trump in Manhattan, where a former Elle magazine advice columnist accuses the former U.S. president of sexually assaulting her and then lying about it.
2023-04-26The civil trial of a nearly 30-year-old rape claim against Donald Trump is expected to resume on Wednesday, including the start of testimony expected to feature the woman accusing the former U.S. president of raping her and then lying about it.
2023-04-26NEW YORK (Reuters) -Donald Trump went on trial on Tuesday, where the writer E. Jean Carroll is accusing the former U.S. president in a civil lawsuit of raping her in a department store dressing room in the mid-1990s.
2023-04-25NEW YORK (Reuters) -Here is a timeline of former Elle magazine advice columnist E. Jean Carroll`s civil lawsuit accusing former U.S. President Donald Trump of rape and defamation, which goes to trial on Tuesday.
2023-04-25Here is a timeline of former Elle magazine advice columnist E. Jean Carroll`s civil lawsuit accusing former U.S. President Donald Trump of rape and defamation, which goes to trial on Tuesday.
2023-04-25Donald Trump goes to trial on Tuesday, where the writer E. Jean Carroll is accusing the former U.S. president in a civil lawsuit of raping her in a department store dressing room in the mid-1990s.
2023-04-25Here are some facts about the civil lawsuit going to trial on Tuesday brought by former Elle magazine advice columnist E. Jean Carroll against former U.S. President Donald Trump, whom she accuses of rape.
2023-04-25Michael Cohen on Monday asked a U.S. appeals court to revive his lawsuit against Donald Trump and other government officials, seeking damages for sending him back to prison in retaliation for publishing a tell-all memoir criticizing the former U.S. president.
2023-04-24Republican federal and state lawmakers, governors, and attorneys general are pushing back on growing efforts by investors and executives to include environmental, social and governance (ESG) factors in their business decision making.
2023-04-22TAOS, New Mexico (Reuters) -New Mexico special prosecutors dropped charges against actor Alec Baldwin in the shooting death of "Rust" cinematographer Halyna Hutchins on Friday, marking what legal experts said was a logical conclusion to a flawed prosecution.
2023-04-21Donald Trump is free to skip a New York trial over accusations he raped a writer nearly 30 years ago, but jurors will not be told his absence was meant to spare them and the city snarled traffic and heavy security, a federal judge ruled on Thursday.
2023-04-20Donald Trump wants to attend next week`s trial involving the writer E. Jean Carroll, who has accused him of rape, but may not because of security issues his appearance would cause, his lawyer said on Wednesday.
2023-04-19Donald Trump will not learn the identities of jurors expected to decide at an upcoming civil trial whether the former president defamed the writer E. Jean Carroll, who also claims Trump raped her.
2023-04-14A U.S. judge on Thursday said Donald Trump`s defamation trial over whether he raped a writer in the mid-1990s will begin as scheduled on April 25, rejecting the former president`s bid for a delay but letting him learn more about how his accuser is paying her legal bills.
2023-04-14NEW YORK (Reuters) -Donald Trump asked a U.S. judge to delay the scheduled April 25 trial over whether he defamed former Elle magazine columnist E. Jean Carroll by denying he raped her, citing the recent "deluge of prejudicial media coverage" of criminal charges against him.
2023-04-12Donald Trump has asked a U.S. judge to delay by four weeks a trial scheduled for April 25 over whether he defamed former Elle magazine columnist E. Jean Carroll by denying he raped her.
2023-04-12NASHVILLE, Tennessee (Reuters) -A Nashville-area county council on Monday voted to reinstate Representative Justin Jones to the Tennessee House of Representatives, reversing Republican lawmakers who ousted Jones and another young, Black legislator last week for staging a gun control protest on the House floor.
2023-04-11(Reuters) -A Nashville-area county council on Monday voted to name expelled state Representative Justin Jones as the interim lawmaker to fill his vacated seat, reversing Republican lawmakers who ousted Jones and another young, Black legislator last week for staging a gun control protest on the House floor.
2023-04-11(Reuters) -A Nashville-area county council may return to the statehouse one of two Democratic Tennessee lawmakers who were expelled from the chamber last week over a gun control protest when it meets on Monday to fill the vacant seat.
2023-04-10A Nashville-area county council may return to the statehouse one of two Democratic Tennessee lawmakers who were expelled from the chamber last week over a gun control protest when it meets on Monday to fill the vacant seat.
2023-04-10U.S. Secretary of State Antony Blinken said on Thursday countries like India and South Africa, which have not joined the West in denouncing Russia`s invasion of Ukraine, were likely on a trajectory away from alignment with Moscow but that process would not happen "in one fell swoop."
2023-02-23South Africa was due to launch a joint naval exercise with Russia and China on Friday, a move it is calling routine but which has fuelled domestic criticism and fears the drills will endanger important relations with Western partners.
2023-02-17South Africa have been brought "back to earth" by their defeat to Pakistan at the T20 World Cup but will use it as a wake-up call ahead of their must-win match against the Netherlands, captain Temba Bavuma said.
2022-11-04Pakistan kept alive their slim hopes of reaching the Twenty20 World Cup semi-finals with a 33-run victory over South Africa in a rain-shortened Super 12 match on Thursday, bringing the tournament`s only unbeaten record to an end in the process.
2022-11-03
South African state-owned logistics firm Transnet said on Monday it had agreed a three-year wage deal with the union representing the majority of its workers, ending a two-week strike that had hit commodities exports and piled up millions in losses.
2022-10-17
South Africa`s leading business groups on Wednesday warned that the ongoing strike at logistics utility Transnet would significantly impact Africa`s most advanced economy.
2022-10-12
South Africa`s logistics utility Transnet declared force majeure at its ports on Thursday, according to a document seen by Reuters, as workers began an open-ended strike over wages.
2022-10-06
Workers at South Africa`s freight and rail operator Transnet on Thursday started an open-ended strike over a wage dispute, unions and the company said on Thursday, that will paralyse services and disrupt exports.
2022-10-06
South Africa has submitted an investment plan to donors who have pledged $8.5 billion to accelerate the country`s transition to renewable energy that could serve as a model for other emerging economies, two sources familiar with the matter said.
2022-10-06
South African insurer Discovery Ltd said on Tuesday it was partnering with global asset manager BlackRock Inc to launch a fund management entity, to tap in to the fast-growing multibillion-rand local discretionary fund management industry.
2022-08-23BIRMINGHAM, England (Reuters) -Swimmer Emma McKeon became the most successful Commonwealth Games athlete of all-time on Sunday, leading an Australian sweep of the women`s 50 metre freestyle to claim a record 11th gold medal.
2022-07-31South African swimmer Chad Le Clos joined shooters Michael Gault and Phil Adams as the most decorated Commonwealth Games athletes ever on Sunday when he claimed his 18th medal by picking up a silver in the men`s 200 metres butterfly.
2022-07-31
* Utility to meet union leaders later in day (Updates with confirmation of `Stage 6` outages)
2022-06-28South African precious metals miner Sibanye Stillwater said on Friday that trade unions leading a strike at its gold operations had a mandate from their members to accept a three-year wage deal.
2022-06-03South African Quinton de Kock and India`s KL Rahul recorded the highest opening partnership in Indian Premier League history on Wednesday as their stand of 210 fired the Lucknow Super Giants to the playoffs with a two-run win over the Kolkata Knight Riders.
2022-05-18
South African sugar producer Tongaat Hulett Ltd`s Zimbabwean subsidiaries have suspended advance payments for cane deliveries after the Harare authorities told banks to stop lending, the company said on Thursday, exposing farmers to possible cashflow problems.
2022-05-12ETHEKWINI, South Africa (Reuters) -Rescuers searched for dozens of people still missing in South Africa`s KwaZulu-Natal (KZN) province on Sunday after heavy rains in recent days triggered floods and mudslides that have killed more than 440 people.
2022-04-17
South Africa`s Telkom SA has reached an out-of-court settlement with the country`s telecoms regulator, ICASA, it said on Friday, bringing an end to the legal wrangling over the licensing of high-demand spectrum.
2022-04-08JOHANNESBURG (Reuters) -South Africa`s labour department is negotiating a possible out-of-court settlement with a subsidiary of China`s Huawei Technologies Co Ltd, which it accuses of failing to comply with local hiring quotas, Huawei and a government official told Reuters.
2022-02-23
* Rules require foreign firms to hire 60% locals (Adds Huawei statement)
2022-02-23
* But calls on struggling utility to sell some coal assets (Adds Godongwana on Eskom)
2022-02-23
South Africa`s labour department is negotiating a possible out-of-court settlement with a subsidiary of China`s Huawei Technologies, which it accuses of failing to comply with local hiring quotas, a government official told Reuters.
2022-02-23CAPE TOWN (Reuters) -The World Health Organization said on Friday six African countries - Egypt, Kenya, Nigeria, Senegal, South Africa and Tunisia - would be the first on the continent to receive the technology needed to produce mRNA vaccines.
2022-02-18South Africa`s Capitec said on Wednesday it will offer shares worth up to 1 billion rand ($64.55 million) to employees at a discounted rate in a Black economic empowerment (BEE) transaction that will lower its earnings per share.
2022-01-19
South Africa`s Telkom is seeking an urgent court order to prevent telecoms regulator ICASA holding a spectrum auction in March, which would further delay the country`s rollout of 5G and expansion of 4G capacity already held back by legal action.
2022-01-05A South African judicial commission will formally hand over the first part of its report to President Cyril Ramaphosa on Tuesday following its inquiry into corruption during former president Jacob Zuma’s time in power, a Cabinet minister said on Friday.
2021-12-31A South African high court on Tuesday blocked Shell from conducting seismic testing offshore from South Africa`s pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for oil and gas.
2021-12-28PRETORIA (Reuters) -No play was possible on the second day of the first test between South Africa and India at Centurion Park on Monday as heavy rain meant frustration for both sides seeking to gain the upper hand in the three-match series.
2021-12-27South Africa has rejected state power provider Eskom`s request to remain exempt from pollution standards on some coal-fired power stations, which the utility said on Tuesday would force it to immediately shut down 16,000 MW of capacity.
2021-12-14South African state power utility Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its chief executive told Reuters.
2021-12-01
(Reuters) -Fresh COVID-19 fears fuelled by a new variant rip through markets as we head towards year-end. Data points could provide the spark that re-ignites bond market ructions and a blowout U.S. jobs print and above-forecast European inflation may offer fodder to those arguing central banks need to hurry up with unwinding stimulus.
2021-11-29BioNTech SE said on Friday it expects more data on a worrying new coronavirus variant detected in South Africa within two weeks to help determine whether its vaccine produced with partner Pfizer Inc would have to be reworked.
2021-11-27Seven times Formula One world champion Lewis Hamilton on Thursday welcomed the sport`s expansion in the United States but called also for a return to South Africa.
2021-10-21South African energy regulator Nersa has granted Turkey`s Karpowership three licences to generate power on floating gas ships at ports, a company spokesperson said on Tuesday.
2021-09-21
South African insurer Discovery scrapped its annual dividend again on Thursday and said it may have to raise equity capital to cover costs linked to its investment in China`s Ping An, sending its shares down 8%.
2021-09-02
South Africa`s energy regulator on Thursday backed a long-term government plan to build new nuclear power units, a move that could help to shift the country away from coal and into less carbon-intensive means of generating electricity.
2021-08-26South African President Cyril Ramaphosa on Thursday appointed the Development Bank of Southern Africa`s chair, Enoch Godongwana, as finance minister in a Cabinet reshuffle, replacing Tito Mboweni who had asked to be excused from his position.
2021-08-05
* Health minister Mkhize resigns, deputy Phaahla replaces him
2021-08-05
Under the stars of the South African night, the movie-goers who used to throng a cinema among the shops of Johannesburg`s Sandton City mall, have since the pandemic watched the latest releases from a big screen in a rooftop carpark.
2021-07-30
South Africa`s Electoral Commission said on Friday that it would seek to delay municipal elections scheduled for October, after an inquiry recommended that they be postponed because of the COVID-19 pandemic.
2021-07-23Lawyers for investors in a cryptocurrency exchange in South Africa, which told clients in April their accounts had been hacked, say $3.6 billion has disappeared from the platform and that the two brothers who ran it cannot be traced.
2021-06-26
South Africa`s telecoms regulator said on Friday the ongoing negotiations with two companies over litigation related to the government`s proposed spectrum auction will be resolved by the end of August.
2021-06-11
A South African government tender for 2,000 megawatts of emergency power has been challenged in court by one of the companies that lost out, potentially delaying capacity being added to the grid and prolonging an electricity crisis.
2021-04-30
A South African government tender for 2,000 megawatts (MW) of emergency power has been challenged in court by one of the companies that lost out, potentially delaying capacity being added to the grid and prolonging an electricity crisis.
2021-04-30South Africa plans to lift the licensing threshold for small-scale power generation projects to 10 megawatts (MW) from 1 MW, a boost to firms anxious to curb their reliance on ailing state utility Eskom, but industry experts had hoped for more.
2021-04-24
South Africa plans to lift the licensing threshold for small-scale power generation projects to 10 megawatts (MW) from 1 MW, a government notice showed on Friday, giving a boost to firms anxious to curb their reliance on ailing state utility Eskom.
2021-04-23
South Africa`s Anglogold Ashanti does not need to pursue mergers and won`t add scale for its own sake, its interim chief executive said on Wednesday, dampening speculation it could take part in further deals in the sector.
2021-03-31
South Africa`s state water infrastructure entity, the Trans-Caledon Tunnel Authority (TCTA), which needs to raise 33 billion rand ($2.21 billion) in 2021, said on Tuesday delays by treasury in guaranteeing its debt were pressuring its funding plan.
2021-03-23
