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Meta reduces the cost of VR headsets
According to a source familiar with the situation, Facebook parent Meta Platforms Inc. reduced the price of certain of its Quest virtual reality headsets, including its high-end mixed reality device, since demand was lower than expected. The Meta Quest Pro, the firm's headgear intended for business customers that was revealed last autumn, will cost $1,000
Nature reserves and nearly 600 schools benefit from Huawei's Tech4All project
During the 2023 Mobile World Congress in Barcelona, Huawei and many Tech4All partners highlighted the most recent findings and practises on the digital inclusion and sustainability campaign. Since its inception in 2019, the Tech4All initiative has benefitted over 600 schools throughout the world, as well as over 220,000 K12 teachers and students in rural regions.
<br><strong>Dr Naledi Pandor, Ellen Johnson Sirleaf, Elsa Majimbo, Aya Chebbi and Nomcebo Zikode join #LWS2023 speaker line-up</strong>
More than 50 speakers will share ground-breaking ideas on this year's subject, Women 3.0: The Icons and Ideas Transforming Africa, at what is shaping up to be the largest FORBES WOMAN AFRICA Leading Women Summit yet. The 8th FORBES WOMAN AFRICA Leading Women Summit will be held on March 8, 2023 (International Women's Day) at
<strong>FNB delivers excellent interim results, boosted by customer, transactional and deposit growth</strong>
FNB, recently named the World's Strongest Banking Brand by the Brand Finance Banking 500 2023 report*, has achieved strong interim results for the six months ending December 31, 2022. Solid client, transactional, and deposit growth drove the bank's results. The outcomes are the consequence of recent investments to modernise FNB's brand and digital interfaces, as
Businesses may now purchase ChatGPT integration from OpenAI
As it pursues commercial applications for the immensely popular chatbot, OpenAI is making its ChatGPT tool accessible for enterprises to include into their own apps. ChatGPT was released to the public in November, and the firm is now selling paid access to organisations and developers that want to leverage the software's capacity to answer queries
Tesla shares plummeting as Elon Musk's new Master Plan falls short of expectations
Elon Musk's much-anticipated third Master Plan for Tesla Inc. disappointed investors by failing to provide any clear details on the company's long-awaited next generation of electric vehicles. The four-hour presentation was big on Musk's goal of building the next phase of Tesla's development around a sustainable energy future by moving into goods like heat pumps,
Eskom is rapidly running out of load shedding levels
Current statistics indicate that Eskom would run out of load shedding stages around August 2023 unless major actions are made. According to Pieter Jordaan, an independent energy expert, the daily mean load shedding stage – or average stage for the day – has been continuously growing since July 2022, when it closed at stage 4
Thus far in 2023, this is the number of Businesses that have closed in South Africa
In January 2023, South Africa had 81 business liquidations, a 32.5% decrease from the 120 enterprises that closed their doors in January 2022. According to Statistics South Africa (Stats SA), the number of corporate liquidations declined by 42 instances over this time, while liquidations of closed companies climbed by three cases. According to Absa economists,
Purchasing Managers’ Index (PMI) ) fell sharply to 48.8 index points in February from 53.0 in January
The seasonally adjusted Absa Purchasing Managers' Index (PMI) declined dramatically from 53.0 in January to 48.8 in February. The headline indicator went below the neutral 50-point level for the first time since September 2022, indicating a significant deterioration in industrial business conditions. Furthermore, both the business activity and new sales orders indices were in contractionary
The role of internal audit in fighting corruption in government and private sector
Several obstacles have arisen in recent years, including the unplanned and unpredictable disruption of the Covid-19 worldwide pandemic, which has changed the way we work, live, and interact. South Africa has lately experienced load shedding, as well as numerous other governance concerns that the audit function may strive to address. Due to the implementation of
Dlamini-Zuma issues Eskom load-shedding disaster regulations
Nkosazana Dlamini-Zuma, Minister of Cooperative Governance, gazetted legislation for South Africa's national state of disaster due to the energy crisis. The regulations specify that "critical electronic communications and broadcasting infrastructure" is required. It gives cabinet ministers the authority to provide load-shedding exemptions for this critical infrastructure. However, the authority to provide exclusions is limited. Load-shedding
South Africa's unemployment rate decreased
Statistics South Africa has released the Quarterly Labour Force Survey (QLFS) data for Q4: 2022, which show a slight decrease in the country's unemployment rate. The official unemployment rate fell by 0.2 percentage point in the fourth quarter of 2022, from 32.9% in the third quarter to 32.7%. According to the extended definition of unemployment,
New 'travel pass' distributed to all South African airports
The South African Revenue Service (SARS) has stated that the new online passenger declaration system, which gives a travel permit through email, will be introduced at all of the country's airports. According to SARS, the new technology was successfully trialled beginning on November 29, 2022, as phase 1 of the initiative at King Shaka International
<strong>Young Philanthropist Thobile Nyawo of Isambane Energy Offers Solution to Ongoing Loadshedding Crisis in South Africa</strong>
While politicians, senior energy sector stakeholders, analysts, and activists continue to debate and fight over what is going on at Eskom and the impact of loadshedding on citizens, Thobile Nyawo, a young philanthropist and serial entrepreneur of Isambane Energy, is proposing a solution that ordinary citizens can use to deal with the ongoing crisis. For
<strong>Average take-home pay down again in January</strong>
Challenging economy continues to take a toll on salary payments According to the BankservAfrica Take-home Pay Index (BTPI), the average nominal take-home pay fell again in January 2023 as the adverse economic situation persisted, impacting enterprises working under high-pressure conditions caused by continuing power shedding and growing prices. “The average nominal take-home pay for January
<strong>Absa finances three Wind Energy Projects that reach Financial Close in Bid Window 5 of the South African REIPPP Programme (REIPPPP)</strong>
Absa served as the designated lead arranger and lender for three Red Rocket Energy (Pty) Ltd ("Red Rocket") renewable energy projects, which closed on February 23, 2023. The projects will consist of two 140MW wind farms in the Western Cape and one 84MW wind farm in the Eastern Cape, with a total projected cost of
Nokia gets new logo to remind people that it no longer manufactures phones
Nokia Oyj, a Finnish 5G equipment supplier, has updated its emblem to avoid being associated with mobile phones, a market it left over a decade ago. The brand refresh, launched on Sunday, is accompanied by a series of new strategic pillars aimed at enabling quicker development as the globe progressively embraces fifth-generation mobile technology. “In
ANC threatened to indict André de Ruyter, citing the law
The African National Party (ANC) of South Africa has vowed to indict former Eskom CEO André de Ruyter. In an E-tv interview with Annika Larsen on My Guest Tonight, De Ruyter accused the ANC of systemic wrongdoing at the state-owned electricity provider. Although he did not go into detail, De Ruyter stated unequivocally that the
One of South Africa's largest banks is placing a large bet on solar
Absa negotiated and financed three renewable energy projects, which completed financial conclusion on February 23, 2023. According to Absa, the three projects for Red Rocket Energy Ltd would include two 140MW wind farms in the Western Cape and one 84MW wind farm in the Eastern Cape. The projects are anticipated to be worth R12 billion.
Words to include in your CV to make it stand out
South African job searchers should include certain keywords in their CVs in order to get the attention of companies. PwC, a financial services business, estimates just 200,000 new employment in 2023, reducing its economic growth predictions for 2023 to a baseline scenario of 1.6% in 2023 and an upside scenario of 2.0%. According to PwC,