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THE PROMISE OF ANGOLA’S GROWING NATURAL GAS INDUSTRY
President João Lourenço has been dedicated to strengthening and improving Angola's oil and gas sector since assuming office in 2017. Under his leadership, there has been significant progress in exploration, production, and export of oil and natural gas in Angola. The collaboration between international oil companies and the Angolan government has resulted in the awarding
MARKETS ROAR APPROVAL FOR EMBATTLED SOUTH ASIAN ECONOMIES
Investors in the troubled financial markets of Sri Lanka and Pakistan have found reasons to celebrate as optimism about a potential turnaround has emerged. In Sri Lanka, stocks surged following the launch of a domestic bond swap program, while in Pakistan, the benchmark climbed significantly after an International Monetary Fund loan deal alleviated concerns of
POWER CRISIS NO MORE – ZESA DECLARES END TO LOAD SHEDDING IN ZIMBABWE
The Zimbabwe Electricity Supply Authority (ZESA) has announced that they have ended load shedding, which means there will be no more scheduled power outages in the country. ZESA stated that the power plants in Zimbabwe are now generating enough electricity to meet the needs of both households and industries, with minimal dependence on imports. This
USING THE COMPANY EMAIL ACCOUNT? THEN YOUR BOSS CAN READ YOUR MAIL
Email is a powerful tool that helps us function in the workplace. It allows us to connect with customers, plan our day, and collaborate with colleagues. However, it's important to understand that our emails are not private when using a corporate account. The company owns the email account and can access and read the content
SA TOURISM INTERIM BOARD ACCUSED OF PERSECUTION BY SOME EMPLOYEES
Employees of South Africa Tourism have accused the interim board of using the hotline and whistle-blowing as a means to intimidate and persecute staff members. According to these employees, some executive committee members had their laptops raided and were ambushed under the guise of investigations by the interim board. The employees also claimed that the
BANKING GIANT FRUSTRATES TOWNSHIP BUSINESS, THREATENS TO CLOSE ACCOUNTS
A businessman from Soweto, South Africa, took out a loan of R5.5 million to establish a supermarket franchise called Pilgrims Corner in Naledi. He managed to repay half of the loan in a remarkably short time. However, he now finds himself facing a difficult situation as the bank, Nedbank, has refused to restructure his loan
Tanzania’s Inflation Eases in June, With The Bank of Tanzania Likely To keep It’s Policy Rate Unchanged
Tanzania: Consumer inflation eased to 3.6% y/y in June from 4.0% in May, which was in line with our expectations. CPI rose by 0.1% m/m, lower than the prior month’s 0.2% increase, mainly driven by lower food costs. The food & non-alcoholic beverages index decreased by 0.3% m/m, which together with moderation in restaurants & hotels
Vodacom warns of fast-rising costs
Sitho Mdlalose, MD of Vodacom South Africa has sent a warning that input costs in the telecommunications sector are rising at a faster rate than inflation. Speaking to TechCentral, Mdlalose said, Vodacom has “absorbed a lot of the costs” by implementing the increasing of inflation, resulting to the cost to serve customers is increasing, with
Disney+ app not on Hisense TVs in SA since launched
It seems like South African households have to keep plugging in an additional smart streaming device or laptop to enjoy Disney+ on their Hisense TVs for now as there has been no Disney+ app for Hisense TVs on the company’s Vidaa and Vidaa U operating systems in South Africa. That Hisense’s Vidaa U operating system
Threads Might Add 48 Billion To Meta’s Revenue By 2025
Meta launched Threads last week Thursday and already Millions of users have joined the platform. Even though it is still early days, however, the App shows potential of generating cash for Meta. Threads will reach close to 200 million daily active users and have the potential of generating about US$8 billion in annual revenue over
Key AI researcher leaves Google
One of the best artificial intelligence researcher from Google, one who co-authored one of the tech company’s most influential papers in the field is set to leave the company to launch a start-up. Llion Jones helped write the pioneering AI paper “Attention Is All You Need,” and he gave the confirmation statement to Bloomberg that
Vodacom to invest over R500 million in Eastern Cape to connect the unconnected, drive digital inclusion
Vodacom Eastern Cape region will invest over R500 million into the network and power backup upgrades across the province during the 2023/2024 financial year. This significant investment into the network will help the region expand connectivity in deeply rural areas and townships that had no connectivity before. This will enable hundreds of thousands of people
WeChat platform gives space to Apple
WeChat by Tencent has recently revealed that Apple has opened a store on its social media platform, marking an expansion of the US firm’s retail channels in the world’s second largest economy. WeChat is the one that made the announcement, and it is currently China’s dominant messaging app that also provides e-commerce, live-streaming and payment
Electric 4×4 that drove from Netherlands to South Africa
Using an electric car primarily recharged using solar power, a Dutch couple has travelled from the Netherlands to South Africa. Founders of 4×4 Electric, Maarten van Pel and Renske Cox, went on a road trip Amsterdam in a modified Skoda Enyaq iv80 SUV on 4 November 2022 and entered South Africa on 8 July 2023.
Canadian court rules thumbs-up emoji counts as signing a contract
A court located in the Canadian province, Saskatchewan, has made a ruling against a grain buyer who responded to a contract sent to him with a thumbs-up emoji, forcing him to honour the agreement. There was a dispute that started between farmer Kent Mickelborough and grain buyer Chris Atcher when Mickelborough signed a contract to
Google in the middle of testing medical AI chatbot in hospitals
Google has launched Med-PaLM 2, which is a large language model (LLM) designed to answer medical questions, and it has been going through tests at various hospitals since April 2023. The company had Med-PaLM 2 take off at its I/O event in May 2023, and it is a variant of Google’s PaLM 2 — the
Affordable uncapped Internet for homes without fibre at 50Mbps
You don’t necessarily have a fibre network available in your area as there are several uncapped wireless Internet packages on the market with at least 50Mbps download speeds for South African households. As much as fibre-to-the-home (FTTH) connectivity has proliferated in the past few years, a lot of households in the country still don’t have
THE TOBACCO BILL WILL CLOSE MORE SMALL BUSINESS AND DESTROY COUNTLESS JOBS
Stakeholders in the tobacco industry expressed their support for regulation in the industry. However, they emphasized that any regulations should be based on reality and should not result in job losses. The stakeholders, including British American Tobacco SA (BATSA), held a press briefing in Johannesburg in response to the Parliament's invitation for public comments on
It seems like China’s tech crackdown is over
Alibaba Group and Tencent Holdings saw their shares going up Hong Kong today after China’s US$984-million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country’s technology sector. Coming shortly after the penalty last week, the Alibaba affiliate announced a share buyback that values the fintech
RESERVE BANK HAS BLOCKED R5.52BN OF STEINHOFF FUNDS
The South African Reserve Bank (SARB) has declined to comment on whether it froze funds in five accounts connected to troubled company Steinhoff's local operations. The Daily Maverick, an online publication, reported that the central bank had frozen approximately R5.5 billion of Steinhoff's funds. Steinhoff, which owns stakes in various companies including Pepkor and Pepco,