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We will not risk total grid failure in order to avoid a few hours of load shedding — deputy president
Vice President Paul Mashatile has guaranteed that the South African government will do all possible to allow Eskom to boost its generation while without jeopardising the national power grid. Mashatile was responding to parliamentary questions on Thursday, March 23, 2022, at a National Assembly Plenary meeting. “I can assure you that everything has been done
Sustainable investments with Absa’s first to market Green Deposit solution
Absa Corporate and Investment Banking (CIB) has established itself as a pioneer in the sustainable finance sector by securing the initial investment in its first-of-its-kind Absa Green Deposit. The Absa Green Deposit is a novel investment product that allows South African corporations to invest in a product that provides an attractive yield while also aligning
FNB reimagines access to credit to help customers meet their needs
R1 billion in Bounce Back Loans for SMEs and new financial solutions for alternative energy FNB, the world's strongest banking brand*, is continuing to modernise its platform and value offering in order to provide clients with useful, simple, and secure financial services. FNB's logo, digital interfaces, payment experiences, and advice-led helpful orientation to integrated financial
Embrace AI or perish
According to Bank Zero chairman Michael Jordaan, artificial intelligence (AI) will radically transform the world, and businesses must adapt. “I think businesses that don’t lean into AI, those that don’t start using it for decision making, may not be around in 5 to 10 years,” Jordaan told The Money Show with Bruce Whitfield. According to
Microsoft threatened to restrict competing AI chatbots access to Bing data
According to people familiar with the disagreement, Microsoft Corp. has threatened to take off access to its internet-search data, which it licences to competitor search engines, if they do not cease using it as the foundation for their own artificial intelligence chat products. The data in its Bing search index — a map of the
The skeletons of South Africa's new electricity minister comes out to play
Sakeliga has urged the public to be wary of the incoming power minister, Kgosientso Ramokgopa, due to his role in a massive tender controversy that cost taxpayers billions of rands during his stint as Tshwane mayor. Ramokgopa served as mayor of Tshwane from 2010 until 2016, when the ANC lost control of the city in
Which car is better to buy in South Africa, with a petrol or diesel engine
When determining whether to buy a petrol or diesel vehicle, various aspects must be considered, including pricing, running expenses, resale value, and environmental costs. When purchasing a car, you want to get the best deal possible, and one of the decisions you must make is between a petrol and a diesel engine in your new
Millions of dollars being spent on backup power for ministers, while South Africans are left in the dark
Since 2019, the Department of Public Works has been sourcing and installing alternative electrical systems at the houses of ministers and their deputies, at a cost of R7.04 million to South Africa. According to the Sunday Times, this has primarily occurred in affluent Pretoria suburbs, with the installation of generators, solar systems, and inverters. After
South Africa's cheapest vehicle licence disc renewals
South African motorists must renew their car licence discs on a yearly basis, and according to a MyBroadband research, doing so through the South African Post Office is the most cost-effective nationally available alternative. PayCity is the lowest choice overall, but it does not have service outside of Cape Town in KwaZulu-Natal, the Eastern Cape,
WhatsApp introduces new group functionalities
WhatsApp, the popular messaging network, has released two new Community features. WhatsApp stated that the modifications were designed to make big groups easier to administer for administrators and easier to browse for all users. The first is a tool that offers Communities administrators greater control over who may join a group. “When an admin chooses
For the first time, OpenAI's ChatGPT can link to the web
OpenAI is considerably enhancing ChatGPT's capabilities by introducing plug-in compatibility, allowing it real web access for the first time. On Thursday, March 23, 2023, the business launched a plug-in waitlist and began providing access to "a small set of users." ChatGPT previously only had access to its training data, which only went back to 2021.
Eskom has announced a weekend load-shedding relief- here is the schedule
Eskom has stated that load-shedding would be rotated between stages 1 and 2 throughout the weekend, with an 11-hour break on Sunday. The present stage 2 load-shedding is scheduled to last until 05:00 on Saturday, when Eskom will lower it to stage 1. This will remain until 16:00 on Saturday, when stage 2 load-shedding will
Makro rejects union requests and appoints outside labour to keep stores open throughout the strike
Massmart has deployed outsourced retail employees in Makro outlets that may be disrupted by South African Commercial, Catering, and Allied Workers Union strike action (Saccawu). The walkout began on Friday, March 24, 2023, when the labour union failed to reach an agreement with Massmart over salary hikes for 2022 after months of discussions. Saccuwu had
At Pwn2Own, hacking team wins a second Tesla Model 3 and R6.5 million
Synacktiv, a cybersecurity firm, won $360,000 (R6.5 million) and a second Tesla Model 3 on day two of the 2023 Pwn2Own competition in Vancouver, according to Bleeping Computer. David Berard and Vincent Dehors earned $250,000 (R4.5 million) for the company by hacking the Tesla Model 3 using a heap overflow and an out-of-bounds write exploit
There is hope for petrol prices in South Africa
The market conditions for local fuel prices are changing, with a stronger rand and reduced oil costs flattening what might have been a big increase at the pumps in April. While not definitive, the latest statistics from the Central Energy Fund suggest that the under-recovery in petrol prices witnessed in the middle of the month
The initial launch of the world's first mostly 3D-printed rocket fails to reach space
Relativity Space Inc.'s Terran 1 rocket, which was mainly 3D-printed, failed to reach orbit due to a mid-flight malfunction. An abnormality occurred after the rocket's stages separated after it successfully launched from Cape Canaveral, Florida on Wednesday night. The activation of the upper stage engine appeared to go out early in a webcast of the
South Africa's cheapest 4G-capable cellphones
South Africa's government intends to decommission the country's 2G and 3G networks by 2025, forcing many citizens to switch to 4G-capable handsets. MyBroadband examined 10 of the cheapest 4G-capable cellphones on the market in South Africa and discovered numerous possibilities for less than R1,000. In its draught policy for next-generation radio frequency spectrum, the Department
Telkom has appointed new board chairman
Mvuleni Geoffrey Qhena has been appointed as a non-executive director and chairman of Telkom's board. Qhena's nomination as director takes effect on March 27, 2023, and his duties as chair begin on April 1. This comes after Telkom stated on November 23, 2022, that Sello Moloko had resigned as chair and will leave the board
Microsoft has enhanced Bing with AI picture production
Microsoft Bing users can now create AI-generated pictures with the company's Bing Image Maker, which now includes OpenAI's DALL-E AI image production. The picture generator is only available as a preview for the time being, but anyone with access can supply it with a text-based description of the image they wish to produce. “Now you
Santam acquires MTN SA's device insurance business
Santam, a South African insurance company, has acquired MTN South Africa's device insurance book.Santam stated in a statement regarding the purchase that MTN South Africa's device insurance book presently has just over 400,000 policies and an annual gross written premium value of almost R400 million (US$21.7 million). The agreement is intended to assist MTN South