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Cyberattack pushed Wall Street banking platform into recording transactions in spreadsheets
A recent cyberattack targeting the infrastructure supporting Wall Street's essential processes has forced major banks to resort to traditional manual methods. The attack, which affected financial technology firm EquiLend on January 22, 2024, disrupted its systems, compelling securities-lending teams at prominent banks to manually input certain stock loans and transactions into spreadsheets. EquiLend, responsible for
Unlocking Creative Bravery: TikTok's What's Next Trend Report Reveals Key Marketing Insights for 2024
TikTok introduced its annual What's Next Trend Report and presented key insights for 2024 that marketers can use to grow their presence on the platform and reach their business goals. The report introduces a transformative mindset ignited by the TikTok community – Creative Bravery – powered by three actionable trends: Curiosity Peaked, Storytelling Unhinged, and Bridging the
Volkswagen reveals the Golf 8.5 GTI
Volkswagen has officially unveiled the latest iteration of its iconic Golf, dubbed the '8.5', showcasing a revamped exterior, enhanced cabin technology, and a more potent GTI model. While awaiting final confirmation for the South African lineup, it is anticipated that the local market will predominantly feature the Golf GTI and the upcoming Golf R, yet
Not so good news for petrol prices in February
The December reduction in petrol prices provided a slight relief in inflation, as indicated by the latest Stats SA data. However, the winning streak in lower inflation might face a setback in February, poised for the first hike in three months. December's headline CPI (Consumer Price Index) surpassed market expectations, registering at 5.1%, maintaining an
Travelling to the cloud: Pack the right digital boxes
The move to the cloud can be of immense value to the organisation but should be done with meticulous planning to avoid bill shock while gaining the benefits. The cost of cloud can often come as a surprise. Bill shock, says the latest Ofcom report, is a common complaint thanks to limited pricing visibility and cost
HUAWEI Adapts to New Era of Work with Lightweight, Large-Screen HUAWEI MateBook D 16
As we embrace the enduring trend of hybrid work environments, the need for adaptable technology has never been more crucial. Against this backdrop, workers often find themselves challenged by the limitations of their devices – whether it's the hassle of transporting them or the struggle to work efficiently on small screens while away from the
Tackling cloud migration's biggest challenges
Your organisation already relies on cloud services: if you use Office365, Google Workspace, Slack, SalesForce, LinkedIn. Click Up, Calendly or any of the many thousands of online business services and apps, you are using the cloud. And there are even bigger opportunities to get more from today's digital technologies. Organisations rely on servers to manage
IMPOWER ushers in a new era of energy resilience at Coral Beach Estate
Amidst the climate of SA’s devastating energy crisis, and perpetual electricity outages, one South African community now shines as a beacon of hope, progress, and innovation. In a move set to revolutionise the way residential estates handle South Africa's energy crisis, IMPOWER has launched a flagship PV solar and Battery Energy Storage System (BESS) facility,
Big shift in interest rate expectations for South Africa in 2024
The South African Reserve Bank's Monetary Policy Committee (MPC) is widely anticipated to maintain the repo rate at 8.25% on Thursday, aligning with similar decisions by banks like the FOMC in the United States. Despite initial expectations of rate cuts in the second quarter, projections have now been postponed, with Investec predicting the first cut,
Ooredoo and Zain Forge Partnership to Launch Leading Tower Company in North Africa
Ooredoo Group and Zain Group, leading telecom providers, are in the process of launching a new independent cellphone tower company, focusing on assets in the Middle East and North Africa (MENA) region. The companies have officially announced their entry into exclusive negotiations with UAE-based TASC Towers Holding to amalgamate tower assets across Algeria, Tunisia, Qatar,
Ebay Slashing 1,000 Jobs and Contractors to Sharpen Company Focus
eBay is set to undergo a significant workforce reduction, cutting approximately 1,000 jobs, equivalent to 9% of its full-time employees, as well as trimming work for external contractors. The decision is rooted in the company's assessment that its staffing and expenses have outpaced its growth, necessitating a more agile approach in the face of a
R38 Billion Maputo Port Upgrade Approved as SA Cargo Flows In
Mozambique has granted approval for an extended agreement involving DP World, Grindrod, and other operators overseeing its largest port, situated in the capital city of Maputo. The deal, endorsed by the Council of Ministers, spans 25 years, concluding in 2058. The consortium, which includes Mozambique's state-owned railway operator, plans a $2 billion expansion as part
Whistle-blower discloses WesBank’s faulty system that overcharges black clients
A former employee of WesBank has disclosed intricate details of an alleged systematic approach by the finance provider to overcharge black clients intentionally, using a specific system. The ex-employee, who maintained anonymity, worked in the IT department as a contractor from 2014 to 2018. According to him, WesBank utilized the acquisition system to determine interest
The Honda Fit takes centre stage
After causing initial confusion by not disclosing pricing for conventional petrol engine models during the debut of the facelifted e:HEV hybrid variant last year, Honda has now revealed details of the complete three-model Fit lineup. The Fit, formerly known as Jazz, underwent styling updates, featuring a new front bumper, restyled honeycomb grille, darkened LED headlights,
Growth opportunities to look out for, and trends to leverage in the flourishing world of e-commerce
Bob Group Managing Director Andy Higgins believes 2024 will be the year online retail in South Africa will start to accelerate and catch up with international uptake. Higgins, who took the reins when marketplace giant bidorbuy (now Bob shop) and logistics powerhouse uAfrica (now Bob Go) amalgamated to form the Bob Group ecommerce ecosystem last
Veeam Data Protection Trends Report 2024 Finds Cyber-Attacks the #1 Cause of Business Outages
Veeam Software, the #1 leader by market share in Data Protection and Ransomware Recovery, today released insights from the company’s fifth annual Veeam Data Protection Trends Report. While companies say they will spend more trying to fend off cyber-attacks, the survey found IT leaders are feeling even less protected and more concerned about their ability
Thabi Leoka steps down from MTN over PhD scandal
Thabi Leoka, the businesswoman who is currently facing accusations of providing false information about her academic qualifications, has resigned from the board of MTN South Africa amid the ongoing scandal. MTN South Africa announced her immediate resignation as a non-executive director, citing her need to address health concerns and the scrutiny surrounding her academic
The artificial general intelligence (AGI) was discussed at the World Economic Forum
Executives from leading artificial intelligence labs, including OpenAI, Cohere, Google’s DeepMind, and major tech companies like Microsoft and Salesforce, gathered at the World Economic Forum in Davos, Switzerland, to discuss the potential arrival of artificial general intelligence (AGI) comparable to or surpassing human intelligence in the near future. The conversation explored the risks and opportunities
Scott Stuber, Netflix movies boss quits to start own company
Scott Stuber, the architect behind Netflix's emergence as a dominant movie studio, will depart the streaming giant in March to launch his own company. Stuber, currently serving as global film chairman, will continue in this role until at least the Academy Awards in March to conclude ongoing projects before embarking on producing films and TV
Instagrid, the German company that uses software to supercharge portable batteries, raises $95M
Instagrid, a startup addressing energy supply challenges, is making strides with its enterprise-grade portable chargers. The company's flagship product, "One," has sold 30,000 units, experiencing 100% annual growth. In a Series C funding round, Instagrid secured $95 million, with Teachers’ Venture Growth leading the investment. Despite the dominance of lithium-ion batteries, Instagrid focuses on overcoming