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Sibanye Stillwater board approves A$30 million to fund Century
Mining company Sibanye Stillwater has offered a A$30-million lifeline to takeover target New Century Resources. This comes after the company was forced to halt operations at its Queensland (Australia) zinc mine in early March, following heavy floods. Operations are expected to remain suspended for a further two to three weeks as a result of the rains. New Century has
Rand Merchant Bank acquires 25% stake in electricity trading platform
Banking giant First Rand Merchant Bank has acquired a 25% stake in Remgro’s Ubiquity Energy platform. Ubiqiuity is the holding company of Energy Exchange, which is an electricity trader licensed by the National Energy Regulator of South Africa. Media reports reveal that the value of the acquisition has not been disclosed but the deal was announced in a joint statement.
Cell C CEO Douglas Stevenson steps down
Cell C CEO Douglas Stevenson has quit his job owing to personal reasons and the telecoms company has since announced the news. The Johannesburg-based company said the CEO has stepped down after a stressful five-year leadership tenure to put the debt-laden telecom operator back on a firmer footing. Rated as the fourth largest in South
There is hope for petrol prices in South Africa
The market conditions for local fuel prices are changing, with a stronger rand and reduced oil costs flattening what might have been a big increase at the pumps in April. While not definitive, the latest statistics from the Central Energy Fund suggest that the under-recovery in petrol prices witnessed in the middle of the month
Pwn2Own Vancouver 2023: $1 Million Hacking Spree Targets Tech Titans including Apple macOS, Microsoft Windows 11, and Ubuntu Desktop
On March 22, 2023, some of the world's most proficient hackers gathered in Vancouver, Canada for the Pwn2Own hacking competition, organized by the Trend Micro Zero-Day Initiative (ZDI). The goal of the competition is to find and exploit zero-day vulnerabilities in pre-determined tech targets, with the ultimate aim of improving security for everyone. This year's
The initial launch of the world's first mostly 3D-printed rocket fails to reach space
Relativity Space Inc.'s Terran 1 rocket, which was mainly 3D-printed, failed to reach orbit due to a mid-flight malfunction. An abnormality occurred after the rocket's stages separated after it successfully launched from Cape Canaveral, Florida on Wednesday night. The activation of the upper stage engine appeared to go out early in a webcast of the
South Africa's cheapest 4G-capable cellphones
South Africa's government intends to decommission the country's 2G and 3G networks by 2025, forcing many citizens to switch to 4G-capable handsets. MyBroadband examined 10 of the cheapest 4G-capable cellphones on the market in South Africa and discovered numerous possibilities for less than R1,000. In its draught policy for next-generation radio frequency spectrum, the Department
Telkom has appointed new board chairman
Mvuleni Geoffrey Qhena has been appointed as a non-executive director and chairman of Telkom's board. Qhena's nomination as director takes effect on March 27, 2023, and his duties as chair begin on April 1. This comes after Telkom stated on November 23, 2022, that Sello Moloko had resigned as chair and will leave the board
Microsoft has enhanced Bing with AI picture production
Microsoft Bing users can now create AI-generated pictures with the company's Bing Image Maker, which now includes OpenAI's DALL-E AI image production. The picture generator is only available as a preview for the time being, but anyone with access can supply it with a text-based description of the image they wish to produce. “Now you
Santam acquires MTN SA's device insurance business
Santam, a South African insurance company, has acquired MTN South Africa's device insurance book.Santam stated in a statement regarding the purchase that MTN South Africa's device insurance book presently has just over 400,000 policies and an annual gross written premium value of almost R400 million (US$21.7 million). The agreement is intended to assist MTN South
WhatsApp has introduces a new Windows app with improved calling features
WhatsApp has released a new Windows version with improved speed and calling functionality. The latest version now has multi-device sync, allowing you to use WhatsApp even when your phone is turned off. Mark Zuckerberg announced the new Windows software on his Instagram channel, stating that it supports end-to-end encrypted group calling. WhatsApp for Windows has
Two South African businesses that benefit from load shedding
South Africa's energy crisis has wrecked numerous enterprises, costing the nation billions of dollars each month. Nonetheless, a few businesses benefit from blackouts. South Africa had load shedding every day in 2023, with stage 4 and stage 6 power outages becoming widespread. Companies without alternate energy sources cease operations during load-shedding, reducing income and costing
Former Eskom senior buyer arrested for R14.7 million fraud, theft, and money laundering
A former senior buyer at an Eskom power station is facing charges of fraud, theft and money laundering after allegedly defrauding the utility of almost R15 million. Thandeka Innocentia Nkosi, 42, was arrested following an investigation by Eskom forensic investigators and has been charged with colluding with accomplices to steal R14.7 million between March and
SsangYong Unveils the All-New Torres EVX, a Rugged SUV with Electrified Powertrain
SsangYong has unveiled its latest offering, the all-new Torres EVX, which is an electric SUV that replaces the previous Torres model's internal combustion engine with an electrified powertrain. The new EV shares the same underpinnings as its predecessor but has undergone extensive exterior and interior updates to differentiate the two models. SsangYong has made significant
Kia Unveils Ground-breaking Three-Row Electric SUVs, the EV9
Kia has taken a ground-breaking step forward with the unveiling of its first three-row electric SUV, the Kia EV9. Boasting bold styling and sophisticated elegance, the EV9 embodies the creative tension between nature and modernity, resulting in a harmonious whole that is both contemporary and serene. The design of the EV9 is guided by Kia’s
One of Eskom's most reliable producing units will be offline for a longer period of time than anticipated
Eskom has fulfilled a crucial milestone in the Koeberg Nuclear Power Station Unit 1 maintenance plan, although it is running weeks behind schedule. The plant, which has a capacity of 920MW, is undergoing scheduled maintenance to enable for the replacement of its steam generators. The plant was shut down in December 2022 due to increased
How Will Technology Change Our Lives Over The Next 20 Years?
Consider how much has changed since 2002 as a result of technology advancements. The internet and mobile technologies have had the greatest influence, changing how we do business and live our personal lives. What about the following two decades? It is difficult to foresee developments so far in the future, but thankfully, certain experts specialise
Absa’s expertise powers the continent
Absa Corporate and Investment Banking (CIB) provided consulting services and funding for Infinity Power Holding's acquisition of Lekela Power, another significant transaction in the South African energy market. Infinity Power, established in 2020, is a joint venture between Egypt's Infinity Group and Masdar (Abu Dhabi Future Energy Corporation) that aims to generate solar and wind
Entrepreneurship is the primary solution to tackling the high youth unemployment rate in SA
Everyone believes that addressing South Africa's consistently high unemployment rate demands bold and "out of the box" thinking, including a strong emphasis on entrepreneurship among local young and new graduates. The Financial Sectors Conduct Authority (FSCA) recently held a webinar in which they emphasised the need of providing entrepreneurs with the required information and support
Artificial Intelligence in Healthcare Is Making Our Word Healthier
With our ageing populations and public health concerns, huge pressures are placed on provider workloads, affecting patient safety risks and patient experiences.To become more efficient, healthcare providers must give improved quality treatment, enhance patient satisfaction, lower costs, become more efficient, and implement the most recent advances in medication therapy. Healthcare environments have massive information that