President to appoint electricity minister
(eNCA) – During his state of the nation address on Thursday, President Cyril Ramaphosa announced that he will appoint a Minister of Electricity in the Presidency. “The minister will focus full-time on the work with the Eskom board and management on ending load-shedding and ensuring that the energy action plan is implemented without delay,” said Ramaphosa. READ MORE
Engen to get new international owner
(News24) – Malaysia’s Petronas will sell its 74% ownership in Engen to Vivo Energy, creating one of the continent’s top fuel and lubricant distributors. Vitol Energy has 2,600 service stations in 23 African nations through Vivo Energy. It owns Engen and Shell service stations outside South Africa. Vivo acquired nine African Engen businesses four years ago. READ MORE
ChatGPT’s threat to customer service jobs
(Business Live) – ChatGPT, the massive language model that swept the world in three months, is projected to eliminate many traditional employment. Due to the platform’s advanced human-like interaction, experts say customer care and support workers now face the biggest danger to their job security. READ MORE
What’s happening in the markets?
(Business Live) – The JSE was affected by President Cyril Ramaphosa’s state of the nation speech on Thursday, while international markets were buoyed by European corporate results and US employment figures. Investors hope Ramaphosa would use the Sona to announce firm energy crisis solutions and provide more specifics on a cabinet reshuffle. READ MORE
