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Huawei Building Bridges for Business Growth in the Middle East and Africa Region for Global Partners
The HDC.Together HUAWEI MEA Ecosystem Summit, held in Dubai, showcased a seamless fusion of collaboration and innovation. The first day of the exclusive event was hosted on the 27th of November at the illustrious Dubai Opera, and brought together Huawei Ecosystem partners from China and across the Middle East and Africa. Building bridges for future
‘We can’t afford to wait’ – Shoprite Group invests heavily in fighting climate change
The Shoprite Group has almost doubled the amount of renewable energy used in its operations to 103 234MWh (FY 2022: 54 138 MWh) over the past year. It has achieved this by increasing the amount of renewable energy bought from landlords and other suppliers by 91%. “We have also reduced electricity consumption by 161 million
ADvTECH to roll out cutting edge tech platform to schools in rest of Africa
JSE-listed ADvTECH, Africa’s largest private education provider, has announced the rollout of its custom tech learning platform to its schools in the rest of Africa next year, following its success in South Africa. ADvLEARN, a customised platform developed for ADvTECH, was rolled out across South African schools in January 2023 and provides personalised learning paths
Nigeria struggles to reach oil target
Nigeria is unlikely to fulfill its own targeted 1.58 million barrels per day production level in 2024, according to projections by two consultancies tasked by OPEC+ to independently verify output capabilities. This poses challenges as the country lobbies for a higher quota amid OPEC+ supply cuts. Years of declining Nigerian volumes led OPEC+ to slash
Reserve Bank says high interest rates straining South African banks
The South African Reserve Bank has issued a warning, noting that persistent high interest rates, coupled with escalating living costs, are adversely affecting the health of bank loan portfolios. This strain is evident through a rise in defaults and missed payments, resulting in diminished capital and profits within the financial sector. In response to this
Volvo Unveils Armoured SUV in South Africa, Yours For R2.5 Million
Volvo Car South Africa has introduced a specially designed armoured variant of its flagship XC90 SUV to the lineup, with pricing starting at R2.5 million. This unique model provides customers with the discreet option of ordering ballistic protection directly from the Swedish luxury manufacturer. The armoured XC90 is equipped with certified 360-degree ballistic protection, adhering
11 State Owned Companies Go For Sale In Kenya
Kenya's finance ministry said it will offer stakes in 11 state-owned companies to raise funds for depleted government coffers as tax revenues continue to fall below target. The move comes as the East African nation contends with surging inflation and a depreciating currency, leading to increased debt repayment costs. Among the 11 companies slated for
ArcelorMittal South Africa Site Closures Put Thousands of Jobs at Risk
Shares of ArcelorMittal South Africa took a significant hit as the company announced the decision to place its major Newcastle and Vereeniging long steel operations in care and maintenance due to a lack of demand. The share price plummeted nearly 30% to 100 cents earlier on Tuesday, although it recovered some losses by midday, showing
SA's contact centres can lead with AI-powered voice assistants
Chat and conversational AI services have the potential to further elevate the local call centre and BPO market. What are those opportunities, and how can companies adopt them? South Africa's call centre industry is booming and is a preferred offshore customer-support destination for many international organisations. It attracts significant investment, generates employment, kickstarts careers, delivers
R1.5-trillion energy plan approved by Mozambique’s government
The government of Mozambique has sanctioned a strategy to diminish the country's reliance on fossil fuels, estimating a cost of US$80 billion (R1.5 trillion) for implementation by 2050. This move is designed to attract financial support for economic development. The initial measures outlined in the Energy Transition Strategy, endorsed by the Council of Ministers on
The Limited Edition 25 Actros Trucks by Mercedes-Benz Launch In SA
The global debut of the Mercedes-Benz Actros truck range took place at the 1996 Hanover commercial vehicle expo, serving as the successor to the SK range and reaching South Africa two years later. In honour of the Actros's 25th anniversary in the local market, Mercedes-Benz Trucks SA has introduced the Limited Edition 25 Actros. These
MAHLE sets the global standard for wireless charging
Inductive – i.e. wireless – charging of electric vehicles is much more convenient as there is no need to fiddle with cables or search for a charging station with a suitable plug. MAHLE has developed a positioning system that allows an electric vehicle to be simply, reliably and precisely aligned above the charging coil in
Standard Bank Conquers Short-Term Hurdles, Projects Higher 2023 Revenues
Standard Bank Group, the largest bank in South Africa by assets, is poised for a year of substantial revenue growth in 2023, outpacing the challenges of rising operational costs. The bank reported a significant surge in revenues from January to October, reinforcing its commitment to financial resilience. Despite encountering higher operational costs, the bank's management
Cell C's Profit Shows Progress Amid Ongoing Challenges
Despite posting a profit in 2022, Cell C acknowledges that it remains in a period of significant transformation. In a recent trading update, Cell C revealed audited results for the financial years 2021 and 2022, along with January to September 2023 results and Q3 2023 results. For the 2022 financial year (FY22), revenue saw a
The South African Reserve Bank (SARB) opted to maintain interest rates last week, signaling potential cuts in the coming year.
Before the SARB's decision, annual headline consumer inflation climbed from 5.4% in September to 5.9% in October, marking the third consecutive monthly increase. This uptick was primarily attributed to higher food prices (8.7%), fuel inflation (11.2%), and housing utilities (5.4%). Consumer prices experienced a 0.9% rise in October, driven by cost increases in the milk
Advocacy Groups Call on Funders to Halt Support for TotalEnergies’ Mozambique Project Over Climate and Human Rights Concerns
Over 100 advocacy groups have jointly called on banks and financiers in a letter to withdraw their support for TotalEnergies' $20 billion liquefied natural gas project in Mozambique, citing climate and human rights concerns. As the French energy giant seeks to resume Africa's largest foreign investment, stalled since 2021 due to security threats, activists argue
Acer Launches New Chromebook Plus Laptops
Acer launched the company’s first Chromebook Plus laptops, the Acer Chromebook Plus 515 and Acer Chromebook Plus 514, debuting with Google’s Chromebook Plus initiative that offers a new tier of Chromebook performance, emphasizing better hardware designs with upgraded displays and cameras, and paired with new productivity, creativity, and multimedia capabilities. The Acer Chromebook Plus 515
Audi reveals eight new special-editions
Audi has revealed plans to introduce several special-edition sedans and SUVs in 2024. The rollout will commence with the launch of the new A4 and S4 Black Editions, followed by both Black and Urban Editions for the A3, Q2, Q3, Q5, and A5. They will be available from early 2024. The planned models, set to
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Autumn Leaf Mall- The newest mall in South Africa
A new R500 million shopping center has been opened in Zeerust, North West, aiming to meet rising retail demand in the transit hub between South Africa, Botswana and Namibia. The 18,000 square meter Autumn Leaf Mall was developed by Akani Properties near Zeerust's CBD after limited existing retail options failed to satisfy excess consumer appetite.