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IMPOWER ushers in a new era of energy resilience at Coral Beach Estate
Amidst the climate of SA’s devastating energy crisis, and perpetual electricity outages, one South African community now shines as a beacon of hope, progress, and innovation. In a move set to revolutionise the way residential estates handle South Africa's energy crisis, IMPOWER has launched a flagship PV solar and Battery Energy Storage System (BESS) facility,
Growth opportunities to look out for, and trends to leverage in the flourishing world of e-commerce
Bob Group Managing Director Andy Higgins believes 2024 will be the year online retail in South Africa will start to accelerate and catch up with international uptake. Higgins, who took the reins when marketplace giant bidorbuy (now Bob shop) and logistics powerhouse uAfrica (now Bob Go) amalgamated to form the Bob Group ecommerce ecosystem last
Veeam Data Protection Trends Report 2024 Finds Cyber-Attacks the #1 Cause of Business Outages
Veeam Software, the #1 leader by market share in Data Protection and Ransomware Recovery, today released insights from the company’s fifth annual Veeam Data Protection Trends Report. While companies say they will spend more trying to fend off cyber-attacks, the survey found IT leaders are feeling even less protected and more concerned about their ability
Thabi Leoka steps down from MTN over PhD scandal
Thabi Leoka, the businesswoman who is currently facing accusations of providing false information about her academic qualifications, has resigned from the board of MTN South Africa amid the ongoing scandal. MTN South Africa announced her immediate resignation as a non-executive director, citing her need to address health concerns and the scrutiny surrounding her academic
Scott Stuber, Netflix movies boss quits to start own company
Scott Stuber, the architect behind Netflix's emergence as a dominant movie studio, will depart the streaming giant in March to launch his own company. Stuber, currently serving as global film chairman, will continue in this role until at least the Academy Awards in March to conclude ongoing projects before embarking on producing films and TV
Instagrid, the German company that uses software to supercharge portable batteries, raises $95M
Instagrid, a startup addressing energy supply challenges, is making strides with its enterprise-grade portable chargers. The company's flagship product, "One," has sold 30,000 units, experiencing 100% annual growth. In a Series C funding round, Instagrid secured $95 million, with Teachers’ Venture Growth leading the investment. Despite the dominance of lithium-ion batteries, Instagrid focuses on overcoming
Competition Commission announces public hearings for investigation into Google, Facebook, and Apple
The inaugural round of public hearings for the Media and Digital Platforms Market Inquiry is scheduled to take place from March 4 to March 22, 2024, at the Department of Trade, Industry, and Competition campus in Pretoria. The primary objective of the inquiry is to address imbalances and competition issues in the media and
Elon Musk reveals why Tesla hasn’t launched in South Africa
For the first time, Elon Musk has revealed how come Tesla hasn’t launched its range of electric vehicles in South Africa. The South African-born co-founder and CEO of Tesla, Musk took to his social media platform over the weekend, X to reply to a question about the matter. South African X user Ziyaad Mohomed asked when
Telegram rolling out ‘view-once’ voice and video messages
As part of its January feature update, Telegram is unveiling several enhancements, including the introduction of "view-once" functionality for video and audio messages, the ability to pause and resume recording for video and audio messages, and new controls for monitoring read times. The "view-once" feature, initially introduced for photos and videos in one-on-one chats in
Nigerian company, Freee Recycle turns tyres into tiles and bricks
Nigerian firm Freee Recycle is combating landfill overflow by repurposing old tires into various products, sold nationwide. Globally, a report by the Tire Industry Project reveals one billion end-of-life tires are generated annually, with an estimated four billion in landfills and stockpiles. Freee Recycle, established in 2018, has transformed over 400,000 tires into paving
Amazon’s iRobot deal set to be blocked by EU
The European Union's antitrust regulator is expected to block Amazon.com Inc.'s proposed $1.4 billion acquisition of iRobot Corp., the maker of Roomba vacuum robots. The decision, which was conveyed to Amazon at a meeting with European Commission officials, raises concerns about potential harm to other robot vacuum manufacturers. While the final decision requires formal approval
Kenya reveals an end to G2G oil supply deal
The Kenyan Government is set to exit its Government to Government (G2G) deal that it had launched back in April 2023. The G2G oil supply deal was an agreement between Kenya and three national oil exporters from the Gulf, and it was launched by Kenya's president William Ruto last spring in a bid to stop
South Africa’s first Eskom-free electric car charging station, Zero Carbon Charge coming soon
Zero Carbon Charge is on track to complete South Africa's first fully off-grid electric vehicle (EV) charging station by June 2024, as revealed by co-founder and director Andries Malherbe. The company initiated construction of its inaugural EV charging site along the N12 between Klerksdorp and Wolmaranstad on the 20th of November 2023, with plans to
South African miners leave behind Transnet for Mozambique port
Deteriorating ports and rail infrastructure in South Africa are benefiting Mozambique and other African countries, according to Dr. Azar Jammine, chief economist at Econometrix. The significant volume increases at Mozambique's Maputo Port are seen as a direct result of challenges faced by South Africa's ports in Durban and Richards Bay over the past year. Businesses
Shamba Pride raises $3.7M to grow its merchant network
Since 2016, the Kenyan company, Shamba Pride has been dedicated to improving last-mile distribution for farm inputs and addressing price exploitation and quality issues for farmers through its merchant network, known as digishops. The agtech firm has successfully established a network of 2,700 merchants (agro-dealers) spanning 24 counties in Kenya, covering just over half of
Investors investing money into AMD on AI bets
Advanced Micro Devices (AMD) recently experienced its most impressive week since November, and it went on to surpass even the highly regarded AI-focused Nvidia as optimism surrounding the semiconductor industry's growth intensifies. Closing at a record high on Thursday, AMD shares continued their upward trajectory with a 7.1% increase on Friday. Notably, they have surged
Key Applications and Innovations To Revolutionizing Africa with Blockchain
Amid the widespread excitement, blockchain technology is proving to be a game-changer across various industries in Africa. Contrary to skeptics who may limit its utility to cryptocurrencies, blockchain's applications have diversified significantly, with efforts underway to harness its potential for tangible, real-world benefits. 1. Simplifying Payment Systems: Blockchain is poised to streamline payment systems for
Google’s latest AI-powered updates on Search
The latest AI-powered updates to Google Search include the introduction of Circle to Search and an AI-powered multi-search experience. These updates aim to enhance the user experience by allowing more natural and intuitive ways of searching for information. Here's a breakdown of the key features: Circle to Search: This feature enables users to search for
BMW boldly intensifying its focus on EVs
Amidst a trend of automakers scaling back their electric vehicle (EV) plans, BMW is boldly intensifying its focus on electric mobility. BMW's CFO, Walter Mertl, recently declared a pivotal moment for combustion engines, stating that the tipping point occurred last year. With fossil fuel vehicle sales plateauing and anticipating a gradual decline, the German automaker
Bank Zero looking to introduce smartphone tap payments
Michael Jordaan, Chairman of Bank Zero, has revealed that South Africa's youngest digital bank is actively developing three new features. The upcoming features include the integration of smartphone wallets for tap payments, with the possibility of supporting platforms like Google Pay, Apple Pay, and Samsung Pay. Jordaan mentioned the new features as Pay Many, which