SA’s Top 10 Fast Food Restaurant Chains Announced

Posted on October 3rd, 2017
Biz News

Today's Top Entrepreneurship and Business Stories (3 October)

 

Kentucky Fried Chicken has been named South Africa’s favourite fast food restaurant in the latest Sunday Times Top Brands awards. The research was conducted by market research agency, Kantar TNS.

KFC came ahead of Nando’s and Dominoes to claim the top spot. In fourth place is Steers, with McDonald’s (and McCafe) coming in 5th.

Also in the top ten were Chicken Licken, Roman’s Pizza, Fish and Chip Co, Something Fishy and Galito’s.

KFC also won the overall grand prix award – meaning it was the favourite brand in the polls, followed by Samsung. (via Fin24)

Petrol Price To Rise By 29c/l In South Africa

The price of both 93 and 95 octane unleaded petrol (ULP) is set to increase by 25 cents and 29 cents per litre respectively in South Africa this month, the department of energy said on Monday.

The price of diesel, both 0.05 percent sulphur and 0.005 percent sulphur, would increase by 44 cents per litre while illuminating paraffin will increase with 39 cents per litre and the LPGas retail price will increase by 39 cents per kilogram, the department said in a statement

The increase of fuel prices will come into effect from midnight on Wednesday. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

The department said international factors included the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs.

These include the rand/dollar exchange rate, the prices of petroleum products in the international markets, and higher oil prices. (via African News Agency)

Gifted Mom Named Cameroon Best Startup At Seedstars Douala

On September 29th during Seedstars Douala, GiftedMom won the Cameroon round of Seedstars World and will represent the country at the Seedstars Summit in Switzerland to compete for up to USD 1 million in equity investment and other prizes.

The local winner, Gifted Mom was selected the best startup in Cameroon, for democratising health information access in emerging markets through an AI-based remote medical support platform. As a part of the prize, Gifted Mom will be participating at Seedstars Summit, taking place in Switzerland in April 2018, a weeklong training program with the opportunity to meet the other 75 winners, as well as investors and mentors from around the world. Traditionally, the final day of the Summit will be dedicated to pitching in front of audience of 1000 attendees, with the possibility of winning up to the USD 1 million equity investment and other prizes.

Save Our Agriculture, a startup wich conceives and makes urban aquaponics units to help small rural producers cope with logistics problems that make food overtly expensive in retail markets, came second and Viki, which generates leads from Twitter , Facebook, LinkedIn posts activities, grabbed the last spot in the top 3.  Moreover, AlloDoc , a web and mobile application linking health professionals and the population in need of care and promotes preventive medicine., won the public vote.

The other startups invited to pitch were  Bridge Africa Ventures,  Cloomify, Drone Africa, Guanxi Investment,  iDjanguiMyExpressTicket,  Ratagrab.

Australian Mining Company To Sell Mooiplaats Colliery for R180 Million

Australian mining company Coal of Africa (CoAL) on Monday entered into a sale of shares and claims agreement with Mooiplaats Coal Holdings (MCH) and Mooiplaats Mining to sell its mothballed Mooiplaats Colliery in Mpumalanga province for approximately R180 million.

CoAL said the shares and claims in Mooiplaats will be sold to MCH, a consortium of investors, for an aggregate purchase price of R179.9 million.

MCH members comprise young black professionals, future Mooiplaats Colliery employees, communities, To The Point Growth Specialists and experienced coal mining executives, including Don Turvey.

In terms of the agreement, CoAL and its Black Economic Empowerment partner Ferret Mining & Environmental Services will dispose of 100 percent of their shares in Mooiplaats and the CoAL Group will dispose of their respective claims against Mooiplaats and Langcarel Proprietary Limited, the owner of the Mooiplaats thermal coal colliery and a wholly owned subsidiary of Mooiplaats.

The implementation of the transaction is conditional on the fulfilment or waiver of various conditions precedent.

The Mooiplaats Colliery is a thermal coal colliery situated in the Ermelo coal fields, adjacent to the re-commissioned Camden Power Station operated by state power utility Eskom.

The underground Mooiplaats Colliery was developed by CoAL from an abandoned box-cut in early 2008 with the first coal extracted in 2009.