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First renewed Koeberg unit passes final test
Eskom has confirmed the successful full load rejection test for the renovated Unit 1 at the Koeberg Power Station on December 30, 2023. According to Eskom, this test was pivotal after the unit's new steam generators were installed, aligning with the stipulations of the South African Grid Code (SAGC). Marking a significant milestone, Eskom views
Samsung’s Galaxy S24 set to debut on January 17th
Samsung's mobile division has moved away from grand-scale unveilings and is no longer reserving major phone announcements for the weeks leading up to Mobile World Congress. The upcoming Unpacked event is scheduled for January 17, just over a week after CES concludes. If history is any indication, this event will likely introduce Samsung's new flagship
MTN Group Executives allocated millions in new shares
MTN Group executives have been granted significant shares as part of the company's performance share plan, set to vest over a three-year period. On the 29th of December, MTN made this share allocation public through a notification to investors via the JSE stock exchange news service. As per the announcement, the group's CEO, Ralph Mupita,
Eskom Appeals for Load Shedding Court Ruling Instead of Fixing Power Crisis
ActionSA expresses deep concern and disappointment that, amidst South Africa's dire financial challenges, the President, the Minister of Electricity, and Eskom have opted to seek leave to appeal the significant judgment delivered by the Full Bench of the North Gauteng High Court on December 1, 2023. This pivotal judgment deemed load shedding unconstitutional and mandated
African companies encouraged to adapt to technology to grow
Samson Olatunde, the visionary behind Knowledge Digest Africa (KDA), underlining the pivotal role of technology in propelling African businesses forward. Recently honoured among the top 100 fastest-growing small and medium-sized enterprises (SMEs) in the country for 2023, KDA stands as a comprehensive digital knowledge storage. In a post-award speech in Lagos, Olatunde emphasized the necessity
Baidu Cancels $3.6 Billion Acquisition of JOYY's Livestreaming Business in China
Baidu (9888.HK) has officially abandoned its intended $3.6 billion acquisition of JOYY Inc's live-streaming business in China, as disclosed in a filing with the Hong Kong stock exchange on Monday. The dissolution of the deal raises questions about Baidu's aspirations to broaden its revenue streams. The proposed acquisition of JOYY's Chinese live-streaming business, YY Live,
China ASML exports restricted by the Netherlands
ASML, a chip machine manufacturer based in Veldhoven, Netherlands, revealed on Monday that the Dutch government has partially revoked an export license for the shipment of specific chip-making equipment to China. This action was taken in response to US export restrictions, affecting shipments that include certain lithography systems, specifically the NXT:2050i and NXT:2100i models. ASML,
This Jan-you-worry comes with a petrol price relief from Wednesday
South African drivers can breathe a sigh of relief as petrol and diesel prices are set to decrease from Wednesday January 3, 2024, according to the Department of Mineral Resources and Energy (DMRE). Both 93 and 95 octane petrol will see a reduction of 62c/l and 76c per litre. The price of diesel (0.05% sulfur)
Musk faces loss as X is now valued at less than a third of what Musk acquired it for
Elon Musk's investment in X, the former Twitter, has seen a significant decline in value, now amounting to less than a third of the original purchase price of $44 billion, as reported by Axios based on disclosures from Fidelity, a key player in facilitating the acquisition. Fidelity further reduced the valuation of its X holding
Google Settles $5 Billion Lawsuit Over Incognito Mode Tracking
Google has agreed to settle a consumer privacy lawsuit seeking a minimum of $5 billion in damages over accusations of tracking user data during what was believed to be private internet browsing. The focal point of the lawsuit revolved around Google's "incognito" mode in the Chrome browser, with plaintiffs contending that it provided users with
Protect yourself from cyber scammers during the festive season
The holiday season is a time associated with joy and festive cheer, also presents an increased risk of cyber threats, particularly as online activities surge. To safeguard yourself and your data during this festive period, it's essential to adopt extra vigilance. Here are crucial tips to enhance your cybersecurity: Public WiFi Awareness: When shopping in
Electric Vehicle sales in India grew by nearly 47% to 1.5 million units in 2023
India, a significant player in the global automotive industry, is shifting its focus towards adopting alternative fuels to combat pollution. This strategic move comes after the country has expanded its consumer and vehicle bases and established local manufacturing facilities over the past two decades. The pivotal year in this transition will be 2024, as India,
Kenyan Tappi, Secures $1.5 Million in Pre-Seed Investment Boost
Tappi, a Kenyan startup renowned for its chat tool that auto-generates web pages, has managed to raise $1.5 million in a pre-seed funding round that witnessed overwhelming investor interest. This two-year-old e-commerce venture garnered backing from prominent entities like Digital Currency Group, SOSV, Resilience17, growX ventures, Orbit Startups, and Reflect Ventures. Leading contributions came from
Mastercard’s contactless solutions is driving digital payment transformation in Nigeria
Mastercard has introduced its latest contactless payment solutions designed to facilitate easy and cost-effective card transactions for businesses. These solutions include features like "tap on the phone," "QR Pay by link," and "Payment link," all accessible via smartphones. The objective behind Mastercard's initiative is to offer affordable digital payment alternatives, particularly benefiting Small and Medium
Xiaomi reveals the EV SU7 sedan
Xiaomi, the renowned Chinese smartphone manufacturer, has unveiled its inaugural electric vehicle, the SU7 sedan. Set to debut in the Chinese market next year, Xiaomi's entry into the electric vehicle (EV) sector highlights the company's ambition to merge the sophisticated technology found in smartphones with automobile interiors. Xiaomi's potential success could be attributed to its
India set to block crypto exchanges Binance, Kraken websites
The Financial Intelligence Unit (FIU), a regulatory body in India overseeing financial transactions, declared on Thursday that nine prominent global cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, are operating without proper adherence to the country's anti-money laundering regulations. As a result, the FIU has urged the IT Ministry to restrict access to these exchanges'
South Africa's private sector reduces dependence on Eskom for power supply
Eskom's sales have been on a downward trajectory as South Africa's corporate sector progressively reduces its dependence on the utility for power supply. In its half-yearly results ending September, Eskom reported a 5.9% decrease in sales volumes. The utility attributed this decline primarily to supply limitations, resulting in frequent power outages, reduced electricity demand due
Asian stocks open higher on fed rate hopes
Asian stocks kicked off positively on expectations of upcoming US rate cuts, with Hong Kong leading the charge. Tokyo initially dipped due to a strengthening yen influenced by Fed policy speculation. But the broader region showed optimism following the Fed signaling potential slowing of hikes amid cooling global inflation. Shanghai, Seoul, Sydney, Taipei, Wellington, Jakarta,
Fuel price set to drop in January
The outlook for 2024 is promising, as the Automobile Association (AA) anticipates a favorable start with a projected decrease in fuel prices next month. According to the AA, relying on unaudited data from the Central Energy Fund (CEF), there is a likelihood of a 54 cents per litre reduction in the price of 95 unleaded
OPPO introduces the A58 smartphone
OPPO has unveiled its latest addition to the A series lineup, the A58, aiming to elevate the entertainment experience across diverse scenarios. The smartphone, available in Glowing Black and Dazzling Green, boasts a sleek design weighing only 192g and measuring a slim 7.99 mm in thickness, ensuring a comfortable grip and convenient pocket fit. The