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Competition Commission announces public hearings for investigation into Google, Facebook, and Apple
The inaugural round of public hearings for the Media and Digital Platforms Market Inquiry is scheduled to take place from March 4 to March 22, 2024, at the Department of Trade, Industry, and Competition campus in Pretoria. The primary objective of the inquiry is to address imbalances and competition issues in the media and
Elon Musk reveals why Tesla hasn’t launched in South Africa
For the first time, Elon Musk has revealed how come Tesla hasn’t launched its range of electric vehicles in South Africa. The South African-born co-founder and CEO of Tesla, Musk took to his social media platform over the weekend, X to reply to a question about the matter. South African X user Ziyaad Mohomed asked when
Telegram rolling out ‘view-once’ voice and video messages
As part of its January feature update, Telegram is unveiling several enhancements, including the introduction of "view-once" functionality for video and audio messages, the ability to pause and resume recording for video and audio messages, and new controls for monitoring read times. The "view-once" feature, initially introduced for photos and videos in one-on-one chats in
Nigerian company, Freee Recycle turns tyres into tiles and bricks
Nigerian firm Freee Recycle is combating landfill overflow by repurposing old tires into various products, sold nationwide. Globally, a report by the Tire Industry Project reveals one billion end-of-life tires are generated annually, with an estimated four billion in landfills and stockpiles. Freee Recycle, established in 2018, has transformed over 400,000 tires into paving
Cape Winelands Airport Set for Completion in 2025
A significant airport expansion program, valued at R7 billion, is currently in progress at Cape Winelands Airport, representing a crucial milestone in the development and accessibility of the Cape Winelands region. Established in 1943 and primarily catering to general aviation traffic, the airport's expansion and upgrades are slated for completion by 2027, according to reports
Terraform Labs Files for Chapter 11 Bankruptcy
Terraform Labs, the company behind digital assets TerraUSD (UST) and Luna, has officially filed for Chapter 11 bankruptcy in Delaware. This strategic move is aimed at facilitating the continuation of its operations and supporting ongoing litigation in Singapore and the United States, particularly involving the Securities and Exchange Commission (SEC). The Chapter 11 filing also
African Bank Distributes R100 Million in Dividends
African Bank, emerging from the aftermath of the African Bank Investments collapse, has announced its second dividend, matching the R100 million payout from its inaugural shareholder distribution a year ago. The dividend, set at 20 cents per share, will be distributed among African Bank's shareholders, including the Reserve Bank with a 50% share, and the
DSG honoured with Top Service Provider award at the annual BPESA GBS & BPO Conference and Alchemy Awards 2023
Digital Solutions Group (DSG) has been honoured with the award for Top Service Provider at the annual BPESA GBS and BPO Conference and Alchemy Awards 2023 for its collaborative partnership with MultiChoice. The company provides MultiChoice with inbound, outbound, NOC, lead generation and sales activations and Live Chat support. The partnership has significantly enhanced MultiChoices’
From Bets to Budgets: Affordability and Betting in SA
Switch on the TV, and you'll be hard-pressed to find a sports team not endorsed by an online betting company. The online gambling market in South Africa is set to hit a revenue of USD 828.50m this year, with an estimated 3.6 million users by 2028. As the wave of online gambling sweeps across South
Amazon’s iRobot deal set to be blocked by EU
The European Union's antitrust regulator is expected to block Amazon.com Inc.'s proposed $1.4 billion acquisition of iRobot Corp., the maker of Roomba vacuum robots. The decision, which was conveyed to Amazon at a meeting with European Commission officials, raises concerns about potential harm to other robot vacuum manufacturers. While the final decision requires formal approval
Kenya reveals an end to G2G oil supply deal
The Kenyan Government is set to exit its Government to Government (G2G) deal that it had launched back in April 2023. The G2G oil supply deal was an agreement between Kenya and three national oil exporters from the Gulf, and it was launched by Kenya's president William Ruto last spring in a bid to stop
South Africa’s first Eskom-free electric car charging station, Zero Carbon Charge coming soon
Zero Carbon Charge is on track to complete South Africa's first fully off-grid electric vehicle (EV) charging station by June 2024, as revealed by co-founder and director Andries Malherbe. The company initiated construction of its inaugural EV charging site along the N12 between Klerksdorp and Wolmaranstad on the 20th of November 2023, with plans to
South African miners leave behind Transnet for Mozambique port
Deteriorating ports and rail infrastructure in South Africa are benefiting Mozambique and other African countries, according to Dr. Azar Jammine, chief economist at Econometrix. The significant volume increases at Mozambique's Maputo Port are seen as a direct result of challenges faced by South Africa's ports in Durban and Richards Bay over the past year. Businesses
Shamba Pride raises $3.7M to grow its merchant network
Since 2016, the Kenyan company, Shamba Pride has been dedicated to improving last-mile distribution for farm inputs and addressing price exploitation and quality issues for farmers through its merchant network, known as digishops. The agtech firm has successfully established a network of 2,700 merchants (agro-dealers) spanning 24 counties in Kenya, covering just over half of
Investors investing money into AMD on AI bets
Advanced Micro Devices (AMD) recently experienced its most impressive week since November, and it went on to surpass even the highly regarded AI-focused Nvidia as optimism surrounding the semiconductor industry's growth intensifies. Closing at a record high on Thursday, AMD shares continued their upward trajectory with a 7.1% increase on Friday. Notably, they have surged
Key Applications and Innovations To Revolutionizing Africa with Blockchain
Amid the widespread excitement, blockchain technology is proving to be a game-changer across various industries in Africa. Contrary to skeptics who may limit its utility to cryptocurrencies, blockchain's applications have diversified significantly, with efforts underway to harness its potential for tangible, real-world benefits. 1. Simplifying Payment Systems: Blockchain is poised to streamline payment systems for
Google’s latest AI-powered updates on Search
The latest AI-powered updates to Google Search include the introduction of Circle to Search and an AI-powered multi-search experience. These updates aim to enhance the user experience by allowing more natural and intuitive ways of searching for information. Here's a breakdown of the key features: Circle to Search: This feature enables users to search for
Samsung introduces the Galaxy Ring health tracker
At its Unpacked product launch event in San Jose, California, Samsung Electronics provided a sneak peek of its upcoming smart ring, the Galaxy Ring, aiming to intensify its competition in health technology, particularly against Apple. Although specific details about the Galaxy Ring were not extensively shared, Samsung highlighted its integration with various sensors and compatibility
Nearly Half of Companies at Risk Within Decade Due to AI and Climate Change: Survey
A recent survey by PricewaterhouseCoopers (PwC) reveals that nearly half of global CEOs believe their business models may become unsustainable within the next decade due to the rapid evolution of technologies like artificial intelligence (AI) and escalating climate challenges. The survey, conducted among 4,702 CEOs worldwide, indicates a notable increase from 39% in 2023 to
BMW boldly intensifying its focus on EVs
Amidst a trend of automakers scaling back their electric vehicle (EV) plans, BMW is boldly intensifying its focus on electric mobility. BMW's CFO, Walter Mertl, recently declared a pivotal moment for combustion engines, stating that the tipping point occurred last year. With fossil fuel vehicle sales plateauing and anticipating a gradual decline, the German automaker