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South Africa to soften record-high petrol price
The government will intervene to soften South Africa’s record-high petrol price in April, says finance minister Enoch Godongwana. Addressing parliament on Thursday (31 March), Godongwana said this would be done by temporarily reducing the general fuel levy (GFL) included in the Basic Fuel Price by R1.50/litre for the period between 16 April to 31 May 2022.
How Egypt’s FreshSource is simplifying the B2B agri-supply chain, and eyeing MENA expansion
Egyptian startup FreshSource is a B2B agri-supply chain platform that connects food producers to businesses and exporters, thus increasing their income, and it is now targeting expansion across the MENA region. Launched in January 2019 by siblings Farah and Omar Emara, FreshSource is a B2B agri-supply chain platform that leverages technology to change the way fresh goods
Apple and Meta reportedly leaked customer data to hackers
Apple Inc. and Meta Platforms Inc., the parent company of Facebook, provided customer data to hackers who masqueraded as law enforcement officials, according to three people with knowledge of the matter. Apple and Meta provided basic subscriber details, such as a customer’s address, phone number and IP address, in mid-2021 in response to the forged
Microsoft Translator launches Zulu
Microsoft has added Zulu to its Microsoft Azure Cognitive Services Translator. This enables text and documents to be translated to and from one of South Africa’s official languages across the entire Microsoft ecosystem of products and services, the company said. Zulu joins Swahili as the latest African language to be supported. Microsoft said there are
South African stocks see strongest first quarter since 2006
Investors who chose South Africa as a haven in a stormy first quarter have been rewarded with some of the best currency, equity and bond returns in emerging markets. While the start of monetary policy tightening in the U.S. and war in Ukraine spurred weakness for most risk assets, the newsflow favoured South Africa. Commodity
Dyson’s bizarre new headphones have a built-in air purifier
Dyson is getting into headphones in the most Dyson way possible: , a pair of noise-canceling Bluetooth headphones with air purification technology built in, thanks to a bizarre-looking magnetic face visor. It’s both the strangest and most ambitious product that the company has ever made. Today’s announcement is just an initial reveal of the Zone headphones ahead
Unemployment becoms a national disaster
The grim statistics of unemployment in SA are not a secret, nor is the equally grim fact that the figures keep getting worse year after year. Statistics South Africa’s latest Quarterly Labour Force Survey (QLFS) reiterates this reality with figures showing that there are more than 7.9 million unemployed persons in SA, despite their best
Arrie Rautenbach announced as Absa Group new CEO
In the end, the Absa Group board opted for the ‘safe’ choice: Arrie Rautenbach, who has been at the bank for practically his entire career. The ‘default’ choice would’ve surely been Jason Quinn, who had filled the role on an interim basis for the past 343 days. One gets the sense, though, that despite the
Google fined R32 million for Play Store rules
Alphabet Inc.’s Google was fined 2 million euros (R32 million) by the Paris Commercial Court over abusive practices toward developers on its app store. The US tech giant will also have to change seven clauses from its contracts dating back to years 2015 and 2016, which included a 30% commission on revenues generated by developers
MediaTek launches dimensity 700 and 1200 chips in the African market
MediaTek, a global fabless semiconductor company powering nearly two billion connected devices every year, launched the Dimensity 700 and Dimensity 1200 chips across the African market with unrivaled AI, camera and multimedia features for powerful 5G experiences. This launch of chipsets will give device makers a full suite of options for 5G smartphone models –
MTN Zambia launches 5G
MTN Zambia has announced the launch of its 5G network pilot platform in the country which promises significant improved technology which will enhance faster connectivity speed, ultra – low latency and greater bandwidth. “5G technology can connect virtually everyone and everything, including machines, objects, and devices. We are moving into an era of ubiquitous connectivity.”
Apple is reportedly already cutting iPhone SE production plans by 20 percent
While luxury electronics like the PS5 and graphics cards may still be selling out left and right, the demand may not be as high for easier-to-make budget offerings. According to a report from Nikkei Asia, Apple will be making 20 percent fewer iPhone SEs in the next quarter than it originally planned and 10 million
Bolt announces a tech internship program for women in Kenya
Bolt has announced the launch of a Women in Tech internship program in Kenya to mentor young women in the tech space. “For the second year running, we’re excited to be launching a month-long internship programme to help women in Kenya gain valuable work experience and fast-track their careers. The tech industry has historically been
Plan to rescue South Africa’s first smartphone factory
The Mara Phones management buyout team has claimed it has secured an investor that can help save the company’s South African factory and the jobs of its employees. Two of the factory’s main funders — Standard Bank and the Industrial Development Corporation — initially put the factory up for auction in early February. That came after the
South African network operator acquires a fibre pair on Google’s undersea cable
Liquid Intelligent Technologies has announced that it acquired a fibre pair on Google’s Equiano subsea cable. The fibre pair will allow it to transport traffic up to 12 Tbps and bring a much-needed increase in international connectivity in Western and Southern Africa, Liquid stated. “With older sub-sea cables almost at the end of their lifespan,
Ethereum founder is backing Zambia’s bid to be Africa’s tech hub
Zambia may be better known for mining copper than crypto, but a group of young entrepreneurs are looking to reinvent the country as an African technology hub — with support from ethereum co-creator Vitalik Buterin. Start-up founders from the Southern African country and abroad are talking to the government about creating the regulatory and business environment
South Africa invests R1 billion in massive Free State gas plant
The government’s Central Energy Fund (CEF) will invest R1 billion for a 10% stake in Tetra4, the Renergen-owned gas producer developing a massive project near Virginia in the Free State, estimated to be worth over R1 trillion. Renergen announced on Monday that the parties had concluded a term sheet for the purchase following negotiations. The
Helios Towers completes the acquisition of Airtel Malawi Tower
Helios Towers has announced that they have completed the acquisition of Airtel Africa’s passive infrastructure company in Malawi. Helios Towers plc (“Helios Towers”), the independent telecommunications infrastructure company, has announced that it has closed the acquisition of Airtel Africa’s passive infrastructure company in Malawi, adding 723 sites to its portfolio. The gross consideration for the transaction will
5 BIG BUSINESSES IN SOUTH AFRICA LISTED IN THE JSE
Have you ever wondered what are big companies that are listed in the JSE, Well wonder no more, let’s take you on a journey and let you in on some of the top South African companies in terms of their broker ratings and share price targets. It is no secret that South Africa is the
WHY IS CRYPTOCURRENCY BAD FOR OUR PLANET?
Most people when they learn about Cryptocurrencies they think of a ticket out of poverty but they are very damaging to our environment. But what are they and how do they work? WHAT IS CRYPTOCURRENCY? Cryptocurrency is a digital currency that enables online exchanges. Interestingly, the person who founded the concept has chosen to remain