Tshepo Mongoai

Johannesburg

Reporter at South African Broadcasting Corporation (SABC)

Business Journalist

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Articles

Court rejects NLC bid to extend Ithuba's operating licence

4 weeks ago | sabcnews.com | Tshepo Mongoai

The National Lotteries Commission (NLC) has failed to convince the High Court in Pretoria to allow Ithuba to be granted a temporary licence of 12 months while the new operator Sizekhaya is still preparing to take over. The NLC has argued that that unless the incumbent operator Ithuba is given 12-month temporary licence, lottery sales will stop from the 1st of June. The court had earlier ruled that Ithuba can only operate the lotto for five months.
Icasa probes whether Starlink is operating illegally in SA

1 month ago | sabcnews.com | Tshepo Mongoai

The Independent Communications Authority of South Africa (Icasa) says it is investigating allegations that United States (US) businessman Elon Musk’s SpaceX, which operates satellite internet service Starlink, may be offering its services in South Africa without authorisation. In a statement, Icasa says it has formally engaged SpaceX to seek clarity on the reported activities and is currently awaiting a response.
Sizekhaya Holdings named new lottery operator

1 month ago | sabcnews.com | Tshepo Mongoai

Minister of Trade, Industry and Competition Parks Tau has named Sizekhaya Holdings as the preferred bidder to operate the fourth National Lottery and Sports Pools Licence. The company’s shareholders include gambling company Goldrush linked to businessman Sandile Zungu. It was one of eight consortiums that bid for the licence.
More relieved Sibanye miners resurface after underground ordeal

1 month ago | sabcnews.com | Tshepo Mongoai

Some of the miners who resurfaced after being trapped underground at Sibanye Stillwater Mine on Gauteng’s far West Rand say they are relieved to have been brought to the surface. About 260 mineworkers were trapped underground since Thursday at the mines Kloof 7 sub-shaft. This after an equipment failure caused debris to damage the main shaft, cutting off their exit route. It is not clear at this stage how many miners have now been brought up.
It's all systems go for presentation of National Budget: Ramaphosa

1 month ago | sabcnews.com | Tshepo Mongoai

President Cyril Ramaphosa says it’s all systems go for the National Budget to be presented on Wednesday. Finance Minister Enoch Godongwana is back to the drawing board, crafting a third Budget after the first two attempts failed due to disagreements among members of the Government of National Unity, particularly the African National Congress (ANC) and Democratic Alliance (DA), over the proposed Value Added Tax increase.
S&P affirms SA’s debt ratings

1 month ago | sabcnews.com | Tshepo Mongoai

Rating agency Standard and Poor’s (S&P) has affirmed South Africa’s debt ratings at sub-investment grade of BB minus and BB, and also maintained the positive outlook. In its latest review released last night, S&P says the rating is still constrained by relatively low GDP growth rates, as well as sizable fiscal deficits and high government debt.
SABC Plus one million users' registration lauded

1 month ago | sabcnews.com | Tshepo Mongoai

The Department of Communications and Digital Technologies has congratulated the public broadcaster, the SABC on the growth of its Over-The-Top (OTT) streaming platform, SABC Plus that has exceeded the one million registered users in April. The platform offers audiences access to the SABC’s 19 radio stations, SABC 1, SABC 2, S3, the 24-hour News Channel, as well as the SABC Sport Channel.
Consumer inflation eases to 2.7% in March

2 months ago | sabcnews.com | Tshepo Mongoai

Consumer inflation has slowed in line with market expectations. Stats SA data shows that annual Consumer Price inflation rose by two-point-seven percent in March, on a year-on-year basis. That’s down from three-point-two percent in February. Housing and utilities, food and non-alcoholic beverages, restaurants, and accommodation services were the main positive contributors to the annual inflation rate. Higher price changes were recorded for fruits and nuts, hot beverages, and meat categories.
Workers await offer as CCMA gives PRASA 60-Day deadline

2 months ago | sabcnews.com | Tshepo Mongoai

The Commission for Conciliation, Mediation and Arbitration (CCMA) has given the Passenger Rail Agency (Prasa) 60 days to present a wage offer to the workers. Currently, the employer has refused to present any salary offer due to financial challenges. This prompted labour unions Satawu and UNTU to take the employer to the CCMA to bridge a wage impasse. The workers are demanding a 15% across-the-board wage increase for 2025/26, and the employer is at 0%.
Rand weakens further amid ongoing financial market selloff

2 months ago | sabcnews.com | Tshepo Mongoai

The rand has continued to weaken further against major currencies amid an ongoing selloff in the financial markets triggered by the US tariffs. The currency fell sharply against the US dollar to R19.41. The local unit briefly plummeted to a record low of R25 against the British Pound earlier in the day. Analysts say the rand is also pressured by the tensions within the Government of National Unity (GNU) over the budget.