Andrew Stegmann

Scrap birth certificate requirement or risk downgrade, warn business leaders

Scrap birth certificate requirement or risk downgrade, warn business leaders

South Africa needs to scrap the unabridged birth certificate requirement to save the economy and increase revenue from the tourism sector, business leaders have warned.

South Africa needs to scrap the unabridged birth certificate requirement in order to prevent a credit downgrade by rating agencies, business leaders have warned in an op-ed in the Sunday Times. 

Colin Coleman, MD and partner of Goldman Sachs International; Christo Wiese, Chairman of Shoprite and the controlling shareholder of Brait and Steinhoff; and Cas Coovadia, MD of the Banking Association South Africa presented this recommendation, along with others, after attending an investment roadshow in London, Boston and New York, led by Finance Minister, Pravin Gordhan.

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Andrew Stegmann

8 Groceries That Are Cheap In South Africa If You’re An Expat

When rates aggregator GoBankingRates analyzed 112 countries across the globe, it concluded that South Africa is the cheapePringles_chips-620x350st place for expats to live and retire. The findings sparked controversy. Some financial experts claimed South Africa is an expensive place to live. Turns out it’s only a cheap place for expats to live because the cost of common necessities like groceries makes up a much smaller percentage of most expats’ salaries compared to average South African salaries. Here are 8 groceries that are cheap in South Africa for expats.
Source: Businesstech.co.za

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Andrew Stegmann

Car-pooling app launched in Cape Town

Cape Town – South Africa has a locally developed ride sharing application that seeks to match travellers with drivers.

The app startup uGoMyWay is better defined as a car-pooling service which matches drivers with passengers travelling to the same destination.car app

But it’s not aimed at taking on ride sharing giant Uber, now valued at over $50bn.

“Fortunately, we are not in the same market as Uber. We would not want to compete with them. Uber is very much an e-hailing go-somewhere-now solution. It’s a shame they used the term ‘ride share’, as theirs is a very twisted definition of it,” uGoMyWay team member Patho Tebese told Fin24.

The app – which was developed in Cape Town suburb Kenilworth – is a modern take on getting a lift to work or school.

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Andrew Stegmann

Cell C slashes data prices amid growing competition

Cape Town – South Africa’s third largest mobile network Cell C has slashed its pricing for broadband amid increasing market competition and growth from its rivals.Cell C

The junior operator announced an aggressive reduction in mobile broadband offerings in major metros as people increasingly demand data at lower cost.

On prepaid, Cell C is offering a SIM only option of 100GB for R999 with an additional 100GB of free data valid from 00:00 to 06:00 (Nite data).

Contracts start at R99 for 5GB of data with 15GB of after-hours data and top out at R999 for R100GB including an extra 100GB “Nite data”.

Prepaid offers are valid for a year and come as Cell C ramps up its investment into higher speed Long Term Evolution networks.

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