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Anglo American completes exit from SA coal miner Thungela
Global mining giant Anglo American Plc on Friday announced the sale of its remaining shareholding in Thungela Resources, completing its exit from the South African coal business. Under pressure from investors to exit coal businesses worldwide, the owner of gold, platinum and diamond mining companies, Anglo American hived off its entire stake in its South
African Development Bank commits R6 billion for Eskom green energy switch
The African Development Bank will commit 42.5 billion rand ($2.8 billion) in new financing to South Africa over the next five years, including a 6 billion-rand package to help state power utility Eskom Holdings SOC Ltd. transition toward using cleaner sources of energy. “The African Development Bank believes in South Africa,” Akinwumi Adesina, the lender’s
Crypto exchange, LBank launch into Nigeria
Cryptocurrency exchange LBank successfully held a blockchain event for its premium users in Nigeria. Dubbed “LBank Blockchain and VIP Hangout,” the event took place on March 19, 2022, from 12:00 PM to 2:00 PM (GMT +1). A selected number of LBank expert traders, VIPs, and Blockchain enthusiasts were present at the exclusive hangout to familiarise more
Vodacom invests R430 Million to extend network coverage in the Eastern Cape
Vodacom has spent more than R430 million this past year in improving network experience and extending coverage in the Eastern Cape. A large portion of this investment has been allocated to providing broadband connectivity in rural areas in the region to enable previously under-served communities to take advantage of the digital age and reap the
Standard Bank’s online and app-based banking platforms are down again!
Standard Bank’s online and app-based banking platforms are experiencing technical issues around pay-day for at least the sixth time in a year. The bank confirmed that customers might not be able to log in to its mobile banking app or online banking on the morning of Friday, 25 March 2022. “We are working on resolving
MTN to decommission 3G by 2025/26
MTN has announced that following their plans to enable 5G connectivity to 25% of the South African population the company intends now to decommission 3G in 2025-2026. “South African business, which is the largest after Nigeria, had the least amount of spectrum in the group before the auction. Following the auction, MTN South Africa is now
OnePlus 10 Pro gets its global launch on March 31st
If you’ve been waiting for the OnePlus 10 Pro to launch outside of China, then you don’t have much longer to wait. The company has announced in a tweet that its latest flagship smartphone will launch globally on March 31st at 10am ET, a little over three months after it launched in China. There aren’t
Elon Musk’s Starlink helps Ukraine take out Russian tanks
SpaceX’s satellite Internet service Starlink is helping the Ukrainian military destroy Russian tanks and supply trucks, The Times of London reports. With 50 squads of expert drone pilots, Ukraine’s Aerorozvidka air reconnaissance unit has focused its sights on Russian convoys advancing on Ukraine’s cities and towns. The unit uses drones fitted with thermal cameras to scan
Phase3 Telecom to Adopt Scaled Up Security for Optimized Network Infrastructure
Africa’s leading independent aerial fibre optic network infrastructure and telecommunications services provider, Phase3 Telecom, has announced that it is adopting an innovative, technology-driven, digitized and multilayer approach for security operation network capacity expansion. The move, which will be completed in timed phases, provides secure infrastructure that fortifies its own and other networks against advanced and malicious
Vodacom and MTN could soon be forced to collect your biometric data
The Independent Communications Authority of South Africa (Icasa) has published draft regulations that will require mobile network operators to collect subscriber biometric data. This is to crack down on SIM swap fraud, the regulator stated. “Over a period, the Authority has been presented with concerns wherein mobile numbers have been hijacked either through a porting
Russia bans Facebook and Instagram
A Moscow court banned Meta Platforms Inc.’s Facebook and Instagram in Russia Monday, in what was the first use of the country’s sweeping law on “extremism” against a foreign technology company. The presiding judge backed the prosecutor’s request to ban the social networks with immediate effect, ruling their activities “extremist,” according to the court’s official
Eskom considers taking R127 billion green energy funding as equity injection
South Africa’s state power company is planning to propose that some of the funding the country secured to help tackle climate change take the form of loans to the government that could be converted to equity in the utility when needed. The arrangement would enable Eskom Holdings SOC Ltd. to access the $8.5 billion pledged
Tigo and Samsung partner to unbox the Samsung S22 Series Smartphones In Tanzania
Tanzania’s leading digital lifestyle company, Tigo Tanzania,has partnered with Samsung Electronics to unveil the Samsung S22 series of smartphones in Tanzania. The partnership is part of the telco’s drive to increase the usage of the 4G+ technology network in the country. “Tigo is yet again partnering with Samsung Tanzania to stock and sell the Samsung
Google and Tony Elumelu Foundation to support 1.5 Million African entrepreneurs
With African entrepreneurs raising more than $4 billion in funding in 2021, more than double the $1.5 billion raised in 2020, it’s clear investors around the globe are waking up to the continent’s potential. For some, like philanthropist Tony Elumelu, this growth is the validation of a long track record of backing African entrepreneurship. Through
Mid-cap companies expected to continue leaving the JSE
PSG Asset Management expects the exodus from the JSE by companies with a medium market capitalisation (mid-cap) to continue. Mid-cap are companies valued at between R1-billion and R10-billion, and their shares are ideal for the long-term investor who is happy to wait and watch their investment grow over time. ustin Floor, a fund manager at
MTN South Africa secures much anticipated high-demand radio frequency spectrum
During the main phase of the auction, that started on 10 March 2022 and finished after 58 rounds of bidding, MTN SA acquired a total of 100MHz across the 800MHz, 2 600MHz and 3 500MHz frequency bands and will pay a total of R5.2 billion for the spectrum. This compares favourably with global benchmark averages
Maserati switching all models to electric by 2025
Maserati will make an electric version of all of its models by 2025, Chief Executive Officer Davide Grasso told reporters during a conference call on March 17. The company also plans to phase out all of its internal combustion engine vehicles by 2030, Grasso said, although he declined to give a firm deadline. “That’s the
Huawei’s first foldable smartphone lands in South Africa
Huawei has launched its first foldable smartphone in South Africa — the P50 Pocket. The clamshell-style smartphone takes on Samsung’s Galaxy Z Flip 3, which offers a similar form factor. The P50 Pocket’s screen folds horizontally down the middle into a more compact square that can fit into small pockets. Huawei will only be offering
Uber increases prices in SA to battle rising fuel prices!
Ride-hailing service Uber has increased its charges in South Africa to account for rising fuel prices, the company has told MyBroadband. Uber’s head of mobility operations for Sub-Saharan Africa, Kagiso Khaole, said the company took the economics of running a business and the concerns of its drivers around inflationary pressures seriously. “Our commitment is to
United Bank for Africa expands its reach in 19 markets across Africa with cellulant partnership
Africa’s global bank, United Bank for Africa (UBA) Plc, and leading Pan-African Payments Company Cellulant have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which UBA operates. These countries include Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad,