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Vodacom Plan to get the R10bn Maziv Deal
According to Pieter Uys, a senior executive at Remgro who also serves as chairman of CIVH, the largest shareholder in Maziv, Remgro, CIVH controlling shareholders are preparing ways to tackle the competition authorities to get an R10.2-billion deal with Vodacom across the line. Maziv is a new holding company of both Vumatel and Dark Fibre
Lenovo Infrastructure Group South Africa Discusses its New ThinkSystem Enterprise Storage Array
BusinessTech Africa sat down with Dean Wolson, Country Manager, Lenovo Infrastructure Group South Africa, to talk about the company's new ThinkSystem Enterprise Storage Array and how artificial intelligence is reshaping the technology industry. How does the Lenovo ThinkSystem DG Enterprise Storage Arrays and Lenovo ThinkSystem DM3010H Enterprise Storage Array work and how is it different from
WeWork on The Verge of Bankruptcy
WeWork has been trying to change its profits for the past four years. The New York-based company is currently bleeding cash, with customers of its office rentals cancelling their memberships in droves. In a statement, WeWork said, “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as
Keeping the lights on: Is it ethical to pay after a ransomware attack?
Ransomware attacks are on the rise globally, and this is affecting businesses and organisations around the world. The main causes of these attacks are compromised credentials and malicious email, and many victims choose to pay the ransom to recover their data and systems, but this comes at a high price and with ethical dilemmas. Should
Expanding Horizons: A Comprehensive Review of the 2023 Hyundai Grand i10 Launch
Many people think of Hyundai when they think of boldly styled crossovers and SUVs. However, it is important to remember that the brand's beginnings in South Africa were modest, with budget hatchbacks and sedans in the mid-1990s. The latest Grand i10 model honours this legacy by combining Hyundai's long-standing commitment to entry-level vehicles with modern
Bluetooth LE Audio: Revolutionizing Wireless Sound with Efficiency and Innovation
Bluetooth technology has evolved dramatically over the last two decades, with numerous iterations and upgrades. The emergence of Bluetooth LE Audio, which has recently made its presence felt in the realm of consumer audio, is a particularly noteworthy advancement. While Bluetooth Low Energy (LE) was introduced in 2011, it is still an important component of
Bringing the Ultimate Fusion of Technology: Embracing Windows 11 on Your iPad
In today's fast-paced technological landscape, the distinction between premium iPads like the iPad Pro and top-tier Windows tablets like the Surface Pro 9 is becoming increasingly blurred. Apple's ongoing improvements to iPadOS, including features such as Stage Manager, have bridged the gap, making iPads more akin to laptops. Despite these advances, there is still a
Uber Eats' Investment of R200 Million to Empower Youth in the Township Economy
Uber Eats, known for its ubiquitous presence in urban areas, is aiming to make a bigger impact in the township economy. This ambition has resulted in a strategic collaboration between Uber Eats and the Gauteng Department of Economic Development, culminating in an R200 million investment over the next three years. The goal is to create
Aircraft Routes Altered as Niger Airspace Closure Impacts London-Joburg Flights
Due to the closure of Niger's airspace on Sunday night, airlines were forced to reroute flights, causing delays for passengers flying between London and Johannesburg, as well as other African destinations. This partial closure of airspace had a domino effect on flight paths throughout the region. Among the airlines affected was British Airways, which had
Smaller Retailers Outpacing Industry Giants as Consumer Preferences Shift
In an intriguing twist, traditional trade (TT) retailers are outpacing the dominant modern trade (MT) sector in terms of growth. This shift can be attributed to changing consumer purchasing habits, which are influenced by lower disposable income and changing preferences. NielsenIQ (NIQ) South Africa's recent insights, released on Monday, provide a comprehensive assessment of sales
Utilizing Tax Simulations for Informed Lump Sum Withdrawal Strategies
Managing lump sum tax payments effectively can be a difficult task, especially in scenarios involving retirement fund withdrawals and severance packages. We discuss the importance of using lump sum tax simulations and offer advice on how South Africans can refine their tax strategies, as articulated by Porcha Schelhase of Gravitas Tax. Understanding the Dynamics of
DStv Cut Ties With Malawi After Government Rejects Price Hike
MultiChoice Africa and Malawi cut ties after the High Court issued an injunction to MultiChoice Malawi in Lilongwe. The injunction prohibits the pay-television operator, through its subsidiary, MultiChoice Malawi, from implementing price increases for DStv in the Southern African country. In a statement earlier this week, MultiChoice Africa said, “MultiChoice Malawi (MCM) does not offer
Eskom to implement load shedding at varying stages of intensity until Sunday
Eskom announced on Tuesday that due to an improvement in available capacity, load shedding would be suspended during the day (05:00 to 16:00) until Sunday. However, rotational power cuts will continue to be implemented at Stage 3 in the evenings (16:00 to 05:00) until tomorrow. Thereafter, evening load shedding will be reduced to Stage 2
The Central Bank of Kenya MPC kept its policy rate unchanged at 10.5% As they expect a 100bp policy rate hike in October
Ghana: Ghana’s consumer inflation rose for a third consecutive month, coming in at 43.1% y/y in July, up from 42.5% in the preceding month and above our estimated 42.0%. CPI rose by 3.6% m/m in July, a notably faster increase than the 3.2% seen in June. Both food and non-food inflation contributed to the increase although
BankservAfrica Economic Transactions Index loses momentum in July
After a stronger performance in June, the monthly BankservAfrica Economic Transactions Index (BETI) slipped somewhat in July 2023, mirroring the less-than-positive economic indicators that emerged during the month. “The BETI fell to an index level of 133.0 in July compared to the 133.9 recorded in June,” says Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements. “Unlike
Chibuzo Opara of Drugstoc announced winner of the 2023 CEMEA Visa Everywhere Initiative
Chibuzo Opara, Co-founder, and CEO of Drugstoc, an innovative startup that leverages technology, supply chain management, financial solutions, and product knowledge to enhance access to health care in emerging markets, was crowned winner of the Central and Eastern Europe, Middle East, and Africa (CEMEA) edition of the Visa Everywhere Initiative (VEI) – a global open
WhatsApp adds Another Feature: A 32-Person Voice chats
Meta Platforms’ WhatsApp version 2.23.16.19 is working on a beta version that provides a new “voice chat” feature that will allow up to 32 people to participate in a call. “With this feature, WhatsApp plans to offer group participants a new way to initiate voice calls,” said WhatsApp watcher WABetaInfo. The new feature is not dissimilar
What makes women better investors
Over the last decade, a plethora of studies have found that women make better investors than their male counterparts. More recently, an analysis of five million Fidelity accounts over a 10-year period showed that US women’s returns were 0.4% higher than men. This difference is even higher according to a Berkeley study, which showed women’s
Apple And Samsung Plans To Invest in ARM
According to Japan’s Nikkei newspaper reported on Tuesday, Apple and Samsung Electronics are reportedly planning to invest in Arm, the SoftBank-owned chip design company. The British chip designer which specialises in licensing chip designs to companies plays a huge role in the technology industry, allowing the world’s tech giants to manufacture semiconductors in their own
The Perfect Harmony of Creativity and Professionalism: The HUAWEI P60 Pro and HUAWEI MATE X3
In an era where technology intertwines seamlessly with our daily lives, HUAWEI presents two remarkable devices that cater to the diverse needs of modern individuals – the HUAWEI P60 Pro and the HUAWEI Mate X3. These two devices offer distinct lifestyles tailored to both creatives and business professionals, combining innovation, power, and style. The HUAWEI