Browse every article
10,670 articles
Former CFO of Tongaat Hulett fined and barred by JSE for misrepresenting financials
The Johannesburg Stock Exchange (JSE) fined and censured Murray Munro, the former CFO of Tongaat Hulett, for his role in misrepresenting the company's financials between 2011 and 2018. Munro has also been barred from serving as a director of a publicly traded company for the next ten years, according to the JSE. Munro has challenged
Capitec CEO Warns Consumers to Live Within Their Means as Credit rise
Capitec Bank, South Africa's largest bank in terms of customer numbers, has warned its customers to live within their means as credit impairments rise by 80% to R6.3 billion as the economy deteriorates and inflation rises. Capitec CEO Gerrie Fourie stressed the impact of rising expenses and falling incomes and advised consumers not to keep
Fox News Settles Dominion Defamation Case for $787.5 Million, Avoiding Trial
Dominion, a voting technology company, filed a defamation lawsuit against Fox News, which was settled for $787.5 million. Dominion claimed that Fox knowingly broadcast false claims linking its voting machines to a conspiracy to undermine the 2020 US election. The settlement was reached just before the trial was scheduled to begin, avoiding a high-profile trial
Fibre Network Fault Causes Flight Delays and Diversions at Cape Town Airport
Flight delays and diversions were reported at Cape Town International Airport on Tuesday morning, April 18th, due to a fibre network fault affecting the airport's landing system. The technical problem prevented planes from landing and forced some to be diverted. The flaw affected the instrument landing technology, which pilots use to navigate the descent of
Apple expands presence in India with opening of first physical retail store
Apple has opened its first retail store in India, a significant step forward in the company's efforts to expand in the country. The store is located in a prestigious shopping mall in Mumbai, the country's financial capital and it drew hundreds of admirers who queued outside before its official opening. Apple is set to open
Beyond Silicon Valley: How African Tech Giants are Leading the Way
How can Africa shape its own future in the era of digital transformation? This is the question that drives Sentech Africa Tech Week, a four-day event that showcases the innovation happening on the continent and the opportunities available in the fourth industrial revolution (4IR). From 2-5 May 2023, Cape Town will host more than 300
FNB sees increased demand for student loans as pay-outs rise by 116%
FNB has seen increased demand for student loans, with pay-outs rising by 116% in the six months ending December 2022. The increased pay-outs also follow the bank’s efforts to make student loans accessible via the FNB App. Amika Maharaj, Business Solutions Head at FNB Loans says, “The cost of education has increased significantly over the
Sun International's plan to own 100% of SunWest and Sun Slots
Sun International's desire to own 100% of SunWest International and Sun Slots has become more complicated since GMB Liquidity Corporation became the majority shareholder of Grand Parade Investments (GPI). SunWest is 15% owned by GPI, and Sun Slots is 30% owned by GPI. Sun International CEO Anthony Leeming stated that Sun International owned the majority
SA pushing a united approach to fight financial crimes
Fighting financial crime in South Africa needs commitment and deliberate efforts by regulators and other role-players, including law enforcement agencies. This has been the dominant message in the wake of the recent grey-listing of South Africa by the Financial Action Task Force (FATF), an intergovernmental initiative that develops global policies against money laundering, financing terrorism
Smart Technology Aid the Growth of Wine Tourism
Over the last few years, the wine tourism industry has grown rapidly, with visitors from all over the world flocking to various wine regions to explore vineyards, taste new wines, and learn about the winemaking process. South Africa is no exception, and Vinpro has launched a new wine tourism research pilot programme in collaboration with
Transnet Implements Co-Sourced Internal Audit Strategy with Deloitte and EY
State-owned ports and rail network operator Transnet has announced that it will be implementing a new co-sourced internal audit strategy. The move comes as the embattled company seeks to improve governance and internal controls, and as part of the strategy, 40% of its internal auditing functions will now be carried out in-house. Professional services firms
SpaceX's Launch of World's Biggest Rocket Postponed Due to Technical Glitch
The much-anticipated launch of SpaceX's Starship, the world's largest and most powerful rocket system, was postponed due to a valve malfunction just 40 seconds before take-off. The launch, scheduled for April 18th from the southern tip of Texas, had been approved by the Federal Aviation Administration (FAA), which had issued SpaceX with a licence stating
Derek Hanekom Appointed as Interim Chair of South African Airways' New Board
On April 15th, the South African Government announced the appointment of an interim board for South African Airways (SAA), led by former tourism minister, Derek Hanekom. This comes after the controversial sale of SAA to the Takatso Consortium, which agreed to invest R3 billion ($177 million) in the airline. The interim board will serve until
Tech companies are increasingly helping app developers scale, create and innovate
With the technology industry constantly evolving at an incredibly fast pace, it is one of the areas in which innovations and creativity are refined and polished. New technologies, platforms, programming, frameworks and tools are always emerging and keeping up with these changes which requires continuous learning and adaptation. If you’re an app developer, navigating these
Samsung Partners with Google and Qualcomm to Develop Standalone XR Headset
Samsung, in collaboration with Qualcomm and Google, announced at Unpacked 2023 that it is developing an Extended Reality (XR) headset. The device will deliver new mixed-reality experiences to users, although specifics about the upcoming headset have not yet been revealed. Recent findings suggest that the headset, potentially called "Galaxy Glasses," will be a standalone device,
Samsung's Galaxy Ring: A Game-Changer in Health Tracking Accuracy
Samsung is reportedly developing a smart ring that could be launched as the Galaxy Ring, offering even more accurate health tracking than its existing Galaxy Watch and Galaxy Fit line-ups. The Galaxy Ring is said to feature a photoplethysmography (PPG) sensor and an electrocardiogram (ECG) to track heart activity and health, with sensors on all
Windows 12: New Features and Expected System Requirements
As the most widely used desktop operating system in the world, Windows is the subject of numerous rumours and speculations about Microsoft's upcoming Windows 12 release. Microsoft not only changes the interface of the Windows operating system with each major update, but also adds a slew of new features and system improvements, making users eager
Rotational power cuts will continue at Stages 5 and 6 until further notice
Eskom announced yesterday that it would implement load shedding at Stage 5 during the day and Stage 6 during the evening until further notice. The utility stated that two generation units at Kriel Power Station were taken offline for repairs while four units at other stations were taking longer for repairs. However, three generation units
The new ‘shap shap’ way to pay brings exciting changes to South Africa
The newly launched real-time payments digital service, PayShap, is a landmark in South Africa’s payments modernisation journey, which BankservAfrica and the Payments Association of South Africa (PASA) have steered collaboratively. “Over the past years, the payments industry has had to act fast to adapt to the evolving landscape of real-time, faster payments for consumers in
AI and Stem Cell Technology are Revolutionizing Drug Matching for Patients
Artificial intelligence (AI) is rapidly changing the healthcare industry, and one area that has been impacted is drug matching. Dr. Talia Cohen Solal, a neuroscientist and co-founder of Genetika+, has developed a new technology that uses stem cell technology and AI to match antidepressants with patients. The procedure entails generating brain cells from a patient's