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SA Retail Sales Volume Rise, Eskom Says it will keep rotational power cuts suspended
Stats SA yesterday reported that retail sales volumes rose 0.4% m/m sa in April after falling by a revised 0.6% in March (previously: -0.7%). Despite the sharp escalation in load shedding in April, the monthly rise in sales volumes was broad-based across retailer types, suggesting that businesses are increasingly finding ways to mitigate power-related disruptions.
First Impressions of the One UI Watch 5 Beta Update
Owners of the Samsung Galaxy Watch 4 and Galaxy Watch 5 have recently been granted access to the One UI Watch 5 and Wear OS 4 beta updates. These updates are expected to improve and add new features to various aspects of the user experience, such as safety, fitness, and sleep. Although the beta programme
South Africa Seeks China's Assistance to Address Solar Panel Supply Constraints
South Africa's Minister of Electricity, Kgosientsho Ramokgopa, intends to seek Chinese government assistance in ensuring consistent access to solar panels to meet the country's growing demand for alternative energy sources. Ramokgopa will travel to China this week to meet with six of the country's largest solar equipment manufacturers in order to facilitate easier solar panel
Sacci Calls for Increased Investment Amidst Declining Mood
Following a one-year low in business confidence, South Africa's major commercial lobby group, the South African Chamber of Commerce and Industry (Sacci), has emphasised the importance of the country focusing on attracting foreign investment and expanding trade relations. According to Sacci's index, average business confidence fell to 106.9 in May from 107.1 the previous month.
Samsung, LG, SK Collaboration Set to Propel Hyundai to the Global EV Market Summit
With the help of other industry titans, Samsung, the renowned South Korean tech behemoth, is making significant strides in the electric vehicle (EV) market. According to recent reports from local news outlets citing unnamed industry officials, Samsung, SK, LG, and Hyundai Motor Group are forming a formidable alliance to conquer the EV landscape. This ground-breaking
Spar Faces Profit Decline and Operational Challenges: Scraps Interim Dividend
Spar, the JSE-listed retailer, has decided to cancel its interim dividend due to a significant drop in profit. The company is currently confronted with a number of challenges, including rising costs, high interest rates, and issues with a new IT system. Spar's operating profit fell by nearly 18% in the six months leading up to
High Court Orders City of Johannesburg to Restore Water Supply to Balwin Estate
In a recent court ruling, the City of Johannesburg was ordered to reconnect the water supply to The Reid Lifestyle Estate, developed by Balwin Properties. The estate's water supply was cut off due to alleged municipal account arrears. The estate, on the other hand, claims that it is being wrongfully held liable for amounts it
Visa Announces Launch of Africa Fintech Accelerator Program
Visa (NYSE: V) today announced the launch of the new Visa Africa Fintech Accelerator program to help enable Africa’s expanding start-up community through expertise, connections, technology, and investment funding. The initiative was introduced by Visa Executive Chairman Alfred F. Kelly Jr. at Bloomberg New Economy Gateway Africa in Marrakech, Morocco. The Visa Africa Fintech Accelerator
Nersa Provides Guidelines for a 15.1% Increase in Municipal Electricity Tariffs
Residents in six municipalities will have the chance to weigh in on proposed electricity tariff increases that exceed the 15.1% recommended by the National Energy Regulator of South Africa (Nersa) on Thursday. NERSA recently released its annual guidelines and benchmarks for municipal electricity tariff increases, which are set to take effect on July 1. However,
DStv Faces Subscriber Loss as Middle Class Struggles with Economic Challenges
MultiChoice, the popular satellite TV provider, is experiencing a decline in its subscriber base as economic challenges and power outages take a toll on the middle class in South Africa. Between January and March, the company lost approximately 100,000 subscribers, reflecting a growing trend of middle- and upper-income households discontinuing their DStv subscriptions. Specifically, the
Lenovo Grows AI Infrastructure Revenue to Over US$2 Billion and Brings AI to the Data
Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced it has reached a record annual AI infrastructure revenue of over US$2 billion and unveiled the next phase of its growth strategy, with an additional US$1 billion investment over three years to accelerate artificial intelligence (AI) deployment for businesses around the world. Fueled by increased global digitalization and
13 Top Tech Companies to look out for in Africa
Africa has finally caught up to the world of technology and it is rapidly growing. As the western countries were creating services that would later become ground-breaking such as Amazon, Facebook, and Google, Africa waited to relegate itself to the consumer status while they shaped the future of tech. Though Africa took long to join
The Future of Edtech Africa and AI
Artificial Intelligence (AI) is fast growing and changing how the world operates, and of course, education is now implementing the technology as well. Africa is one of the continents where unfortunately access to quality education is often limited, and now AI has the potential to revolutionize learning and make it more accessible to everyone. With
Ghana establishes a cybersecurity hub its financial sector
With the cyberattacks getting worse by the day, a number of African countries are working hard to put in measures of protection against online hackers and scammers. With 82,000 accounts leaked in Q1 2023 in Nigeria, Techloy said the country has been suffering from a large rise in data breaches. Working to protect Ghana’s financial
Newly launched Diageo’s Africa Digital Hub to be hosted by Kenya
Set to be set to be hosted at EABL headquarters in Garden City Office Park in Nairobi, the Africa Digital Hub is a shared service designed to deliver rapid digital capability deployment in Africa. The hub is set to serve Diageo’s key markets in Africa including Kenya, Nigeria, South Africa and Ghana. Headed by the
African Healthcare Industry set to benefit from Google’s New AI Program
Aiming to support high-potential start-ups in Europe, the Middle East, and Africa that are dedicated to using AI technology in the healthcare sector, the Google for Startups Growth Academy has launched a new program called AI for Health. Google is using this initiative as part of their ongoing efforts to assist start-ups businesses in addressing
The Future of BlockChain in Africa
One of the markets that are projected to witness outstanding growth in the next seven years, reaching an estimated value of $300 billion, is the global blockchain gaming market. The industry experts and analysts are anticipating that this this surge is driven by the adoption of blockchain gaming by traditional gamers, as highlighted in a
Why the HUAWEI P60 Pro Ultra Lighting Telephoto Camera is Ranked the No. 1 Smartphone Camera
We all want photography that captures what our eyes see. That’s why smartphone cameras are doing away with sharpening the megapixel resolution of the photography and focusing on improving the overall experience in order to closely replicate what the human eye sees. Take the HUAWEI P60 Pro example, which has developed its smartphone camera holistically
New white paper focuses on the cross-border payments dilemma in the SADC
With a population spanning almost 400 million people across 16 countries, the Southern African Development Community has the widest-reaching regional bloc in Africa, holding massive appeal for trade exchanges to strengthen economies and benefit communities. However, unlocking this potential to enable a seamless and regulated flow of money across borders has been one persisting challenge
Obtaining a title deed is important: Absa wants to help you get yours
Property ownership remains a powerful aspiration for South Africans, while a home is likely to be the largest investment many will make. This is according to Mary Motsuku, Head of Sales and Service Enablement at Absa’s home loans division. In a period during which many consumers have come under pressure, with month-on-month strain on household