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MyCover.ai, Nigerian Insurtech Start-up Raises $1.25 Million in Pre-seed Round
A Nigerian-based company, MyCover.ai an insurtech start-up has secured a $1.25 million in pre-seed funding round. According to the start-up company, the funding will be used to expand the reach of its product, into other African markets. The company was founded by Adebowale Banjo, Alexander Igwe-Ifendu, Fred Ebho in 2021. MyCover.ai aims to tackle “pain
REVIEW: Huawei Nova Y91 Best Phone Innovation for the Young and Adventurous
The HUAWEI nova Y series understands the demands of young, creative individuals and strives to provide an improved experience, tailored to their needs. Never mind that this phone is all about exquisite aesthetics, smooth performance, and reliable quality, the HUAWEI nova Y series delivers an experience that seamlessly merges technology with fashion, giving you that
The Escalating Trend of Solar Panel Theft: Criminals Seizing New Opportunities
South Africa has imported an astounding R31 billion in solar panels over the last decade, transforming the country into a thriving market for criminal activity. Criminals have discovered a new way to profit from the situation as demand for solar panels skyrockets due to persistent load shedding. Theft of solar panels has become a major
"Barbenheimer" Dominates Box Office with a Record-Breaking $235 Million Opening
The films "Barbie" and "Oppenheimer" stormed North American cinemas, grossing an impressive $235.5 million during their opening weekend, providing a much-needed boost to Hollywood during a sluggish start to the summer at the box office and amid an ongoing strike. "Barbie," directed by Greta Gerwig, wowed audiences and critics alike, grossing a whopping $155 million
Urgent Concerns Over Koeberg Nuclear Plant and Eskom's Future
Delays in rehabilitating South Africa's sole nuclear power plant, Koeberg, have alarmed government officials and energy analysts. Kgosientsho Ramokgopa, Minister of Electricity, recently expressed his dissatisfaction with the project's lack of progress and transparency. During a visit to Koeberg, he expressed "extreme concern" about the uncertainty surrounding the return of unit 1 to service, as
Anglo American Platinum's Interim Earnings Plummet 71%: Navigating Challenging Times
Anglo American Platinum (Amplats) saw a 71% drop in interim earnings for the first half of the year, dropping from R26.7 billion in 2022 to R7.9 billion in 2023. The primary contributor to this sharp drop in earnings was a 29% drop in the platinum group metals (PGM) dollar basket price, which averaged $1,885 (R33,900)
Kasha, Rwandan Health-Tech Start-Up Raises $21 Million in Funding
Africa-focused female-led health-technology company Kasha, has raised about $21 million in a series B-investment round led by Knife Capital, a Cape Town-based company. “With series-B funding, Kasha is scaling its operations into South and West Africa to be Africa’s leading digital health access platform,” Knife Capital said in a statement on Monday. Kasha was established
Apple Aims To Keep Shipment Steady Amid Faltering Global Economy
Apple plans on to produce 85 million units of iPhone 15 this year, which is in line with last year, according to reports. The Cupertino, California-based company aims to keep the shipment steady amid the faltering global economy and decline of the smartphone market. According to a source, Apple plans to increase the price for
Adidas Surpasses Expectations with $565 Million in Orders for Unsold Yeezy Shoes
In an unexpected turn of events, German sportswear giant Adidas has received orders for 4 million pairs of unsold Yeezy shoes totalling 508 million euros ($565 million), far exceeding the company's most optimistic forecasts. The unexpected surge in demand comes after a difficult period for the brand, which was rocked by an anti-Semitism controversy involving
TOP EMPOWERMENT AWARDS 2023 CELEBRATES SOUTH AFRICA'S TRANSFORMATION PIONEERS
The 22nd annual Top Empowerment Awards Ceremony, presented by Topco Media in association with Impumelelo Top Empowerment Companies, was held at the Indaba Hotel in Johannesburg on the evening of 20 July 2023. The awards ceremony celebrated and honoured South Africa's Purpose-Led Transformers, recognising their commitment and accountability to securing a transformed and empowered future
Netflix Implement Password-Sharing Crackdown In SA
Netflix has been implementing its password-sharing crackdown in South Africa. On Wednesday Netflix said that the crackdown move is having a positive impact on its revenues and subscription numbers in markets. The streaming app will not be offering the option of adding extra members at a lower fee, which it offered the option in about
Protecting your money against South Africa’s Declining economy and Rand's weakness
With South Africa’s economy unstable and Rand's weakness, most companies are finding ways to protect their money. Award-winning investment company Rand Swiss has launched an investment product that protects South Africans against the weakening Rand and the country’s declining economy. The investment company has created the Rand Swiss US Dollar Core Global Growth Note which
Say Hello to Two South African Savings Apps That Give You Real Cash Back Wherever You Shop
Modern shopping has facilitated the development of saving apps, cards and loyalty programs that can help you save money on groceries and shopping. These programs are designed to incentivise customer loyalty and provide exclusive discounts, rewards and personalised offers. With the rise of digital technology, many stores have partnered with apps that offer cashback for
South Africa eCommerce and Takealot face threats
In South Africa, international companies have been dominating with people using them to buy and ship products to their doors. International companies such as AliExpress, Wish and Shein are slowly taking over South African eCommerce posing a threat to South Africa’s eCommerce companies such as Takealot, Bash, Bob Shop and Makro. According to Daily Investor’s
Elon Musk's Twitter Will Change Logo From Blue Bird To X With New Name
On Sunday Elon Musk said he was looking to do changes and updates on social media platform Twitter. Musk said that he will be changing the Twitter logo from the blue bird to black and white ‘X,’ but the site will still have the blue bird logo in the upper left corner as well as
New Technology Trends Making Way to South Africa Businesses
Technology keeps improving by day and companies are adapting to new and improved technology trends. With artificial intelligence taking space and creating leeway for new tech trends, most companies are now following the trends. Deloitte shared the latest Tech Trends report where It explored the impact of evolving technologies, cyber and trust, and core modernisation.
Eskom Grootvlei Power Station suffers fire
Eskom’s Grootvlei Power Station Unit 2 has reportedly suffered a fire over the weekend on Saturday the 22nd of July 2023. According to Eskom, the fire was contained and extinguished within an hour, with no injuries sustained. When the unit went on fire, it was online and generating 175MW of electricity. It was manually shut
Introducing AirDrop clone for Windows by Google
Google has introduced a brand new way to share files between a Windows PC and an Android device which is called Nearby Share, and is set to feature on upcoming PCs. Similar to Apple’s AirDrop but with a significant difference, with this feature sharing is not limited to between devices from the same manufacturer, as
YouTube Premium price gone up in the US
YouTube Premium has raised its prices on for its subscription service in the US without any prior notice to subscribers. First reported by 9to5Google, the adjustment was picked up by the company on the YouTube Premium sign-up page in the US. The YouTube Premium individual plan has been bumped from $11.99 (R214) to $13.99 (R250)
Apple's Ascent in the AI Realm: Unveiling Chatbot Endeavors to Rival OpenAI's ChatGPT
Apple, the tech behemoth known for its innovative products, is entering the field of artificial intelligence (AI) with a new project aimed at competing with OpenAI's ChatGPT and Google's Bard. According to Bloomberg News, the company is making progress in the development of large language models (LLMs) using its custom framework called Ajax. Furthermore, Apple