In the News

In the News (146)

Tuesday, 08 October 2019 10:39

Africa now has our first smartphone wholly manufactured on our continent in a factory in Rwanda.

The new smartphone factory for the production of the Maraphones was officially opened in April.

Components of the phone are manufactured in Rwanda and are also sourced from other African countries including South Africa.

WATCH: Rwanda becomes FIRST African Country to make a smartphone 100%

The Mara Phones according to its Founder Ashish J Thakkar are among the first devices to run Android Oreo. Android Oreo is an OS optimized for apps like YouTube Go, Facebook Lite and Twitter Lite that are made for the African market.
Mr. Thakkar revealed that there are plans to roll out another plant in South Africa. Mara Corp. is reported to be investing USD$100 million in such expansion projects.

Also Read: Mara Group to open R1.5-billion smartphone factory in SA

The establishment of the smartphone factory is expected to create some 20,000 direct and indirect jobs in Rwanda.

Currently some firms are assembling smartphones in countries such as Kenya, South Africa’s and Egypt.

But this is the first time a smartphone is not being assembled in Africa but all the parts manufactured on the continent.

Monday, 30 July 2018 19:47

This candid look at the benefits which whites have accrued from Apartheid and which they are still enjoying in post 1994 South Africa lists 26 reasons why the mythical "white genocide" is in fact a display of "white fragility" and an expression of their fear which whites have of losing their white privilege.

Thursday, 26 July 2018 17:23

The Department of Trade and Industry (the dti) will create a project management unit that will drive the implementation of the recommendations of the inaugural two-day Broad-Based Black Economic Empowerment (B-BBEE) Rural and Township Economy Summit that ended in East London today.

Monday, 16 July 2018 14:05

The Yebo Yethu shares have risen steadily to now trade above R100.00 per share. That alone makes for a capital gain of more than 300% excluding dividend payment.

Vodacom Group is winding up its broad based black economic empowerment deal (B-BBEE) and launching a new R17.5 billion chapter with a 10 years life span to 2028 in a series of complex actions.

Wednesday, 27 June 2018 22:04

There have been increasing calls in recent years for the asset management industry to transform, particularly regarding black economic empowerment.
The debate has ranged from a focus on the portion of assets that are managed by black firms to the proportion of black ownership in the industry.

Following the release of the report by the National Minimum Wage Advisory Panel, there has been much discussion about the level, and impact of the level, proposed by the panel. Surprisingly, there has been little, if any, debate on the panel’s proposal that the national minimum wage be based on an hourly, rather than a monthly, wage.

Sunday, 08 April 2018 15:44

Coca-Cola Beverages SA (CCBSA) on Wednesday 28 March announced its commitment to divert R3.9 billion to assist black-owned and black women-owned organisations over the next three years.

Addressing a Gordon Institute of Business Science forum on innovation and broad-based black economic empowerment, Executive chairperson of Zungu Investments and member of the president’s black economic empowerment advisory council, Sandile Zungu said the introduction of the final regulations to the Broad-Based Black Economic Empowerment (B-BBEE) Act in June 2016 signalled a shift in Black Economic Empowerment.

The Broad-Based Black Economic Empowerment (B-BBEE) Commission has raised issues related to Sasol’s new Khanyisa empowerment scheme, Sasol company secretary Vuyo Kahla said on Friday.

The commission raised questions about the structure of Sasol Khanyisa’s employee share ownership programme as well as whether the Sasol Foundation was an appropriate vehicle for getting ownership credits, he added.

African Infrastructure Investment Managers (AIIM), a subsidiary of Old Mutual, has been accused of racism, intolerance and prejudice towards its female employees of colour.

Four women, who asked to remain anonymous for fear of further victimisation, wrote to Old Mutual two weeks ago to voice their concerns about about what they termed “bullying” and which they say the company had not responded to until on Thursday evening after the Cape Times sent Old Mutual questions.

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