BROADBAND connections in Nigeria have increased by 16 percent year-on-year to 92 million. An increase of 2 percent has been noted month-on-month between December 2022 and January this year. The figure implies a penetration rate of 48,2 percent, up from 47,4 percent the previous month, and 41,6 percent as at January 2022. FBN Quest Nigeria… Continue reading Nigeria On Course To Meet Broadband Target
Category: Business
Great South African Tourism Sale Opens
REGISTRATIONS are now open for a unique annual campaign for South Africans to explore their country. Tourism businesses have been urged to register for the initiative, dubbed Sho’t Left Travel week, which has been launched in Durban at Africa’s Travel Indaba (ATI). During her opening speech at ATI, the Minister of Tourism, Patricia de Lille… Continue reading Great South African Tourism Sale Opens
Southern Sun Out Of The Pandemic Woods
SOUTHERN Sun Limited expects revenues for the past year to at least double to between R5,34 billion (US$284,34 million) and R5,61 billion. The figures for the year ended March 31 would be comparable to R2,7 billion in the same period in 2022. Excluding the once-off payment of R399 million received by the group from Tsogo… Continue reading Southern Sun Out Of The Pandemic Woods
Emirates SkyCargo doubles its capacity
EMIRATES SkyCargo aims to double its capacity in the next decade. This is in line with Dubai’s strategy to double its foreign trade and economic activity in markets around Africa, the Gulf and West Asia. Emirates has added two Boeing 747-400Fs to its freighter fleet, showing its strong confidence in the global cargo market in… Continue reading Emirates SkyCargo doubles its capacity
Western Cape out of the pandemic woods
THE Western Cape tourism agency will forthwith halt comparisons with pre-COVID numbers when reporting on figures around airport arrivals. This as international arrivals at the Cape Town International Airport, exceed levels last seen before the pandemic. The Western Cape Tourism, Trade, and Investment Promotion Agency (Wesgro), confirmed the development. Wesgro noted the domestic passenger recovery… Continue reading Western Cape out of the pandemic woods
MTN maintains rank as SA’s most valuable brand
VALUED at R74,3 billion (over US$4 billion), MTN is South Africa’s most valuable brand for the 12th time in 13 years. This is according to leading brand valuation consultancy, Brand Finance, which disclosed the telecommunications giant’s brand value was up 24 percent from the previous rankings. This means that its value is now up 50… Continue reading MTN maintains rank as SA’s most valuable brand
Digital economy boost as SA exceeds investment target
SOUTH Africa has exceeded its investment targets by 25 percent, after its investment drive secured pledges of over R1,5 trillion (US$81, 976 billion). This exceeds the target of R1,2 trillion the government set in 2018. The latest pledges were made last week at the fifth South Africa Investment Conference, which was held in Johannesburg. President… Continue reading Digital economy boost as SA exceeds investment target
Namibia aims for global-preferred ICT destination status
THE public and private sectors must collaborate to enable Namibia to fulfil its desire to become a world-preferred destination for the offshoring of information and communication technology (ICT) services. This is the advice of an executive at one of the Southern African country’s largest ICT-services providers. Kehad Snydewel, director of Green Enterprise Solutions, spoke after… Continue reading Namibia aims for global-preferred ICT destination status
Coal power stations remain key to SA’s economic recovery plan – Ramaphosa
President Cyril Ramaphosa has assured investors that his administration was at the forefront of turning coal-fired power stations around in order to reestablish a conducive environment for investment in the country.Although the president acknowledged the economic challenges South Africans have faced over the past five years, he has indicated that there are signs that the… Continue reading Coal power stations remain key to SA’s economic recovery plan – Ramaphosa
SA must avoid agro trade fallout with neighbours
SOUTH Africa’s agricultural export expansion drive to Asia should not be at the expense of existing markets, mostly the Southern African Development Community (SADC) regional bloc. In addition, the country must ensure cordial trade relations with fellow African nations in this drive to broaden its export base. This is the view of locally-based agricultural expert,… Continue reading SA must avoid agro trade fallout with neighbours