Browse every article
1,344 articles · 1 filter applied · Reset filters
Starship SpaceX, Explodes During First Test Flight
Starship, the world's largest and most powerful rocket, exploded during its first test flight on Thursday. At 8:33 a.m. Central Time (1333 GMT), the unmanned rocket lifted off from Starbase, SpaceX's spaceport in Boca Chica, Texas. After experiencing multiple engine failures and losing altitude, the rocket disintegrated into a ball of fire over the Gulf
South Africa's Regulation Prevents Starlink from Bridging the Digital Divide
The South African government has imposed a regulation that requires Elon Musk's Starlink to hand over at least 30% of its equity to historically disadvantaged groups in the country. In response to this regulation, the government has stated that South Africans will never receive free internet or data unless it is provided by an ANC
NPA obtains R580m restraint order against ABB ex-employees and Eskom subcontractors
The Asset Forfeiture Unit of the National Prosecuting Authority obtained an R583.8 million restraint order against two former South African employees of ABB, a Swiss engineering group, as well as their wives, and two Eskom subcontractors. The preliminary injunction was issued earlier this month and served on the six accused on Thursday. Mohammed Mooidheen and
Mini China responds to racism accusations at Shanghai Auto Show
Mini, based in the United Kingdom, has become embroiled in a controversy in China after a video from the Shanghai Auto Show went viral on Chinese social media platforms. The video appeared to show Mini employees serving ice cream to foreign visitors but refusing to serve it to Chinese visitors. The incident has sparked outrage
South Africa's Rising Inflation Puts Strain on Struggling Consumers
Economists have warned that rising inflation rates, combined with a struggling economy, are putting a significant strain on South African consumers. In recent months, the country's consumer price index has risen from 7% to 7.1%, with food inflation reaching 14.4%, the highest level since March 2009. The high cost of food, particularly dairy products like
FSCA Withdraws Salt Asset Management's License Over Money Laundering
Salt Asset Management, a South African financial services firm, has had its operating licence provisionally revoked by the Financial Sector Conduct Authority (FSCA) following an inspection that revealed several violations of the Financial Intelligence Centre Act. During its ongoing supervision of Salt, the FSCA also cited previous violations. This decision effectively bars Salt Asset Management
Nestle Urged to Cut Sales of Unhealthy Foods by Investment Charity ShareAction
Nestle, the world's largest food company, has been urged to reduce its sales of unhealthy food by the responsible investment charity ShareAction. According to the charity, 40% of Nestle's sales of everyday foods in the United Kingdom contained excessive amounts of salt, sugar, or fat. Nestle's response has been to pledge to set a target
Seagate Technology Fined $300 Million for Violating Export Controls to Huawei
US authorities fined Seagate Technology $300 million for violating export controls on hard disc drives sold to China's Huawei. According to the Department of Commerce, Seagate shipped over $1.1 billion in goods to Huawei following the implementation of export controls in 2020. The penalty is the latest in a series of steps taken by the
Jaguar Land Rover's £15bn Investment in Electric Vehicles
Jaguar Land Rover (JLR) has announced that its Merseyside production plant will be converted into the company's first all-electric facility. The move is part of a global investment of £15 billion in electric vehicles over the next five years. The facility will manufacture a fully electric Range Rover SUV, which will be available for purchase
Oceans Mall in KwaZulu-Natal now open with Italian Luxury Fashion Brands
Gucci, Versace, and Dolce & Gabbana are among the international luxury brands that have opened stores at the Oceans Mall in Umhlanga, South Africa. The R1.3 billion ($87 million) mall is part of the larger R4.3 billion Oceans Umhlanga mixed-use development, which includes a Radisson Blu hotel and luxury apartment towers. The Platinum Walk section
Google's Pixel Fold: A New Entry into the Growing Foldable Smartphone Market
Google's Pixel Fold is scheduled to be released in June 2023, offering a foldable smartphone at a lower price point than many other options on the market. The foldable phone trend is gaining traction, with more users around the world expressing interest in these innovative devices on a daily basis. The success of folding smartphones,
HarmonyOS 4: Packed with AI-Powered Features for Smartphones and Smart Cars
Huawei's HarmonyOS 4, set to be released in the fall of this year, is expected to include a slew of AI-powered features. The tech industry is currently undergoing a significant transformation due to the use of A.I. technologies, and Huawei is no exception. In fact, Yu Chengdong, the company's CEO of the Consumer BG and
All New Xiaomi 13 Ultra, A Professional Photography Tool in a Smartphone
Xiaomi has released its latest flagship smartphone, the Xiaomi 13 Ultra, which features revolutionary camera technology. Four sensors are included in the camera: a 12mm super-wide-angle lens, a 23mm primary lens, a 75mm telephoto lens, and a 120mm super-telephoto lens. The main camera employs a Sony IMX989 CMOS sensor with variable aperture, while the other
Former CFO of Tongaat Hulett fined and barred by JSE for misrepresenting financials
The Johannesburg Stock Exchange (JSE) fined and censured Murray Munro, the former CFO of Tongaat Hulett, for his role in misrepresenting the company's financials between 2011 and 2018. Munro has also been barred from serving as a director of a publicly traded company for the next ten years, according to the JSE. Munro has challenged
Capitec CEO Warns Consumers to Live Within Their Means as Credit rise
Capitec Bank, South Africa's largest bank in terms of customer numbers, has warned its customers to live within their means as credit impairments rise by 80% to R6.3 billion as the economy deteriorates and inflation rises. Capitec CEO Gerrie Fourie stressed the impact of rising expenses and falling incomes and advised consumers not to keep
Fox News Settles Dominion Defamation Case for $787.5 Million, Avoiding Trial
Dominion, a voting technology company, filed a defamation lawsuit against Fox News, which was settled for $787.5 million. Dominion claimed that Fox knowingly broadcast false claims linking its voting machines to a conspiracy to undermine the 2020 US election. The settlement was reached just before the trial was scheduled to begin, avoiding a high-profile trial
Fibre Network Fault Causes Flight Delays and Diversions at Cape Town Airport
Flight delays and diversions were reported at Cape Town International Airport on Tuesday morning, April 18th, due to a fibre network fault affecting the airport's landing system. The technical problem prevented planes from landing and forced some to be diverted. The flaw affected the instrument landing technology, which pilots use to navigate the descent of
Apple expands presence in India with opening of first physical retail store
Apple has opened its first retail store in India, a significant step forward in the company's efforts to expand in the country. The store is located in a prestigious shopping mall in Mumbai, the country's financial capital and it drew hundreds of admirers who queued outside before its official opening. Apple is set to open
Sun International's plan to own 100% of SunWest and Sun Slots
Sun International's desire to own 100% of SunWest International and Sun Slots has become more complicated since GMB Liquidity Corporation became the majority shareholder of Grand Parade Investments (GPI). SunWest is 15% owned by GPI, and Sun Slots is 30% owned by GPI. Sun International CEO Anthony Leeming stated that Sun International owned the majority
Smart Technology Aid the Growth of Wine Tourism
Over the last few years, the wine tourism industry has grown rapidly, with visitors from all over the world flocking to various wine regions to explore vineyards, taste new wines, and learn about the winemaking process. South Africa is no exception, and Vinpro has launched a new wine tourism research pilot programme in collaboration with