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Google Gets Gnashed in Court Finding
In a massive court ruling on Monday, following a 10-week trial, a U.S. judge found that Google, and its holding company Alphabet had violated US antitrust law. The Judge stated that Google had spent billions of dollars in order to create an illegal monopoly in order to crush competitors in order to become, and to
Old Mutual alternative investments drives SA’s food security
In a landmark transaction for South Africa’s food processing sector, Hybrid Capital, a division of Old Mutual Alternative Investments (OM Alternatives), has provided a bespoke funding solution to Thebe Investment Corporation (Thebe), a leading, black-owned investment management company. The funding will facilitate Thebe’s acquisition of a further 40% shareholding in Pride Milling, one of the
From cash to card: The impact of fintech on township businesses in South Africa
Cashless payments have the potential to transform South Africa’s township economy by reducing transaction costs, improving financial inclusion, and lowering safety and security risks for consumers and merchants alike. These benefits could, over time, help to formalise township economies and facilitate faster growth. That’s according to Martin Wright, CEO of Kazang, the prepaid value-added services
IRISH TECH CHALLENGE FINALISTS ANNOUNCED
Spearheaded by the Embassy of Ireland in South Africa, the Tshimologong Digital Innovation Precinct and Technology Innovation Agency, the Irish Tech Challenge programme aims to fuse Irish technology expertise with the innovation of South African tech entrepreneurs. The Irish Tech Challenge is rooted in promoting innovation, fostering technology development, and ensuring effective technology deployment within
African VC Investment Tops $500 Million in July
After a low Venture Capital (VC) funding year so far compared to 2023, July saw twenty-eight venture capital (VC) deals across Africa with a value of over $500 Million, and with four major funding deals taking the bulk of the value in funding raised. Fintech was the main investment category, once again emphasizing the value
Breaking News Today – 6 August 2024
Mali Announces Diplomatic Severance with Ukraine: Following the Kurian’s support and alleged complicity, shown for a recent terrorist attack by Tuareg militants that killed Malian soldiers and Russian military contractors. Mali’s interim government has announced that it is breaking off diplomatic relations with Ukraine. RT Launches Campaign in Africa: RT (formerly Russia Today) TV company
Cell C Reveals Upcoming Rebrand
South Africa’s telecommunication network operator Cell C, is planning on relaunching it brand in mid-August. Rebranding is one strategic step that most companies take to refresh their image, stay competitive, and align with charging consumer preferences. The telecommunications industry is where creativity and customer-focused ideas are important, and the Cell C Network Operator has begun
Avi Schiffmann's AI 'Friend' Necklace
There is a new groundbreaking combination of technology and personal companionship, which offers users a unique and innovative way to enhance their daily lives. Introducing the AI “Friend” Necklace. Avi Schiffmann, a Harvard dropout is known for creating an award-winning website to track COVID-19, is currently developing an AI device called “Friend”. The neck-worn device
Welcome to South Africa Mazda CX-30
Mazda’s CX-30 has now landed in South Africa, with a few updates within it. The Mazda CX-30 has introduced a new era of taste and performance in the compact SUV industry. The CX-30 showcases innovative design, advanced technology, and exquisite driving dynamics. The CX-30 raises the bar for what drivers are looking for in modern
Samsung Galaxy A06 Leaked
Images of the South Korean Samsung smartphone, Galaxy A06 have been leaked on the internet. Galaxy A06 is set to have certification by Bluetooth SIG (Special Interest Group), BIS (Bureau of Indian Standards), NBTC (The National Telecommunications Commission), and the FCC (Federal Communications Commission). The design is set to feature the Key Island design element
The Role of eSIM and eUICC in Modern Technology
The role of eSIM and eUICC in today’s era of technology is a significant advancement in SIM Card technology and has changed the way devices connect to any network. Two of the developments in the field of SIM tech are the embedded SIM (eSIM) and embedded Universal Integrated Circuit Card (eUICC). The eSIM is a
All-in on Chips
Groq, a start-up chip developer that is developing chips specifically for the generative AI hardware industry, are aiming to challenge existing chip producers such as Nvidia, with a new generation of chips and processors that will be faster than current conventional processors. The company announced a successful $640 million funding raise on Monday bringing Groq’s
Green Energy for Zimbabwe
Like any other developing country, Zimbabwe is recognizing the crucial need to embrace green energy to meet its growing energy demand while reducing its carbon footprint. Zimbabwe is switching to clean energy solutions so that the country can focus on creating a healthier environment and fighting against global warming. Struggling with power shortages and expensive
Sanlam and Allianz alliance enters Ghana
The establishment of the joint venture of Sanlam and Allianz has shown a spark in Ghana’s insurance industry. It was in September 2023, that SanlamAllianz revealed that it is a pan African non-banking financial service structure with the presences of being in 27 countries within the African continent, and with 80 entities serving 30 million
Breaking News Today – 5 August 2024
Nigeria Protests Continue – Protesters arrested: Reports from Amnesty International (AI), over the weekend, indicated that nine people had been killed and around 50 protesters were arrested on Saturday during the protests in Abuja in Nigeria. In total AI reports that almost 700 protesters have been arrested across the country so far, while nine police
Samsung Guardians of the Galaxy Ring
Samsung recently announced the Galaxy Ring, showcasing their journey into the field of smart ring products. The Galaxy Ring offers a method for maintain the well-being, while using Samsung’s sensor technology in a small and compact design and offers guidance to assist in understanding one self’s health every day. Majority of people prioritize their personal
Thebe Investment Corporation Acquires Majority Stake in Pride Milling
In a significant development for South Africa’s food processing sector, Thebe Investment Corporation (Thebe), a prominent black-owned investment management company, has secured bespoke funding from Hybrid Capital, a division of Old Mutual Alternative Investments (OM Alternatives). This funding will enable Thebe to acquire an additional 40% stake in Pride Milling, one of South Africa's leading
The Impact of AI-Enabled PCs in the Modern Workforce
AI's integration into the workforce and consumer technology is indeed transformative. The advancements brought by AI-enabled PCs, such as Lenovo's latest offerings, are prime examples of how AI is reshaping the landscape. The Lenovo Yoga Slim 7x and Lenovo ThinkPad T14s Gen 6, powered by Snapdragon X Elite, are remarkable milestones in the PC industry's evolution
Airbus and partners invest in Sustainable Aviation Fuel financing fund
Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited co-invested in a Sustainable Aviation Fuel (SAF) financing fund to accelerate the production of SAF. The corporate partners worked with investment manager Burnham Sterling Asset Management to establish the Sustainable Aviation Fuel Financing Alliance
Embracing Digital Transformation: The Key to Future-Proofing South African Businesses
Business transformation in South Africa is primarily defined by the transition from analogue to digital, from manual to automated, from traditional ways of working to those compatible with 4IR technologies and implementations. Transformation projects have accelerated over the last few years, and local organisations now recognise the need for agile and scalable IT infrastructure. Effective