Browse every article
128 articles · 1 filter applied · Reset filters
Big shift in interest rate expectations for South Africa in 2024
The South African Reserve Bank's Monetary Policy Committee (MPC) is widely anticipated to maintain the repo rate at 8.25% on Thursday, aligning with similar decisions by banks like the FOMC in the United States. Despite initial expectations of rate cuts in the second quarter, projections have now been postponed, with Investec predicting the first cut,
Big changes for Pick n Pay in 2024
The recently appointed Pick n Pay group CEO, Sean Summers, has taken a crucial step in revitalizing the company for growth in 2024 by assembling his senior leadership team. Summers has formed a Group of Executives comprising of six members with a diverse range of expertise, as announced by the retailer. The newly appointed executive
South Africa is set to pay back almost R28 billion by the end of January
Countries in Sub-Saharan Africa have been excluded from global debt markets for 22 months, and there is a growing expectation among investors that this situation may change soon. This optimism arises as nations seek financing to meet numerous principal payments due this year and the next. South Africa is scheduled to reimburse $1.5 billion
Woolworths Café experimenting with cashless payments
Woolworths has revealed that that some of its WCafé stores are experimenting with cashless payments. The retailer made it known that this is not compulsory, as consumers can be still be able to pay for food, fashion, beauty and home purchases with cash if they choose. This past weekend, the company was at the top
Top 10 Business Tech Startups in Africa to Watch in 2023
As the technology startup scene in Africa continues to flourish, entrepreneurs are developing groundbreaking solutions to tackle the region's distinct obstacles. Looking towards 2023, numerous African startups warrant close attention, particularly those specializing in fintech, tech-enabled logistics, and innovative payment solutions. This article will showcase the top 10 African business tech startups to keep an
The Future of Business Tech in Africa: Trends and Insights
The business landscape in Africa is undergoing a rapid transformation with the integration of advanced technologies such as entrepreneurship, cryptocurrency, robotics, cybersecurity, artificial intelligence, and blockchain. These technologies are playing a critical role in shaping the future of entrepreneurship, enabling African entrepreneurs to operate their businesses with greater efficiency and effectiveness than ever before. Cryptocurrency
The world’s data: How much we’re producing and where it’s all stored
Ancient humans stored information in cave paintings, the oldest we know of are over 40 000 years old. As humans evolved, the emergence of languages and the invention of writing led to detailed information being stored in various written forms, culminating with the invention of paper in China around the first century AD. The oldest printed books appeared in
Nedbank introduces electronic payments on WhatsApp
Nedbank, working with Mastercard and South African fintech player Ukheshe, has launched the ability for banking clients to make payments to businesses in Facebook-owned messaging platform WhatsApp. The new offering, called Money Message, lets small and micro businesses receive secure in-chat payments from their customers via WhatsApp. It has been specifically developed to process payments
MTN warns ICASA over spectrum auction and plans to take legal action against them
The telecommunications company, MTN has issued out a warning that it will launch a High Court case against the Independent Communications Authority of South Africa (ICASA) over the way the regulator proposes to handle an auction for precious radio frequency spectrum. In a letter given to MyBroadband by a source close to the spectrum process
You can RICA your Telkom SIM online and here is how
Telkom is making things for their customers easy and has come up with a convenient and pandemic-friendly option to RICA your Telkom SIM, allowing you to complete the process online in the comfort of your own home. All South African mobile users are required to comply with the ‘Regulation of Interception of Communications and Provision
Tesla built more than 500,000 vehicles in 2020
A huge milestone for the American electric vehicle and clean energy company, Tesla, as it has confirmed that it reached its goal of producing half a million EVs in 2020. Given that its factories weren’t running at full capacity at all times due to the pandemic, it is no mean feat considering there were only
Eskom announces stage 2 load shedding from 10pm
Eskom has announced that it will be implementing load shedding at stage 2 from 10pm on Wednesday the 6th of January. The electricity interruptions will be repeated on Thursday during the same overnight hours. The rotational national power cuts will be implemented until 5am on Thursday, the state-owned power monopoly said in a statement posted
Plans to delist China telecom firms cancelled by NYSE
Plans to delist three state-owned Chinese telecom companies were cancelled by the New York Stock Exchange (NYSE) on Monday, reversing a decision that further dented already strained relations between the world’s two superpowers. Releasing a brief statement, the NYSE said it “no longer intends to move forward with the delisting action” for China Telecom, China
Jueying robot dog that can pick itself up after being knocked over
Robots like Spot and Atlas from Boston Dynamics meticulously coded to tackle the tasks we throw at them and the results can be impressive, but it can also leave them unable to adapt to situations that aren’t covered by their software. A joint team of researchers from Zhejiang University and the University of Edinburgh claim
Concerns rise for South Africa as Eskom takes Koeberg 1 offline
Concerns are rising for South African as Eskom has taken Unit One of Koeberg offline earlier than planned for scheduled maintenance after “an increasing leak rate was observed on one of three steam generators”. The unit was scheduled to be taken offline for refueling and routine maintenance starting in February. Eskom says it expects the
South Africa set to have new ID numbers
The Department of Home Affairs (DHA) has revealed that plans for a new ID system in South Africa have been put in place and it has published a new draft official identity management policy. The department said the current Identification Act is outdated and does not consider key developments in managing official personal information. “The
South Africa set to use barcodes to tracking and tracing COVID-19 vaccines
The South African government is set to establish an electronic vaccination data system (EVDS) for management and surveillance of the COVID-19 vaccines. Dr Anban Pillay, deputy director-general (DDG) at the Department of Health said that this establishment is to avail data needed for monitoring vaccine uptake and coverage, prioritization of the groups, planning, safety monitoring
Telkom set to freeze the network this festive season
Telkom has revealed that it will be implementing network freeze as so to meet the demand for mobile data traffic over this festive. Talking to MyBroadband, the company said it will need to roll out additional infrastructure to meet demand in certain areas and it will continue with its regular freeze of network expansion over
Toyota ready to sell driverless shuttles that double as on-the-go offices
Toyota Motor Corp. has unveiled that it has plans to sell self-directed shipping-container-like vehicles within a few years that it says could double as a mobile store or roving office. The e-Palette by Toyota is a transparent, driverless oblong carriage on wheels that’s powered by a battery. It can accommodate up to 20 passengers, with
OnePlus announces the launch of a smartwatch in early 2021
After a long wait, OnePlus has finally announced the launch its smartwatch in early 2021. Taking to Twitter recently, the company’s CEO Pete Lau has confirmed reports that OnePlus has revived its smartwatch project several years after the first attempt for abandoned. At the time, the manufacturer decided to focus its efforts on smartphones after