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Apple expands the testing of its interest-free "buy now, pay later" offering
Apple Inc. has expanded an internal test of its forthcoming "buy now, pay later" service to the company's thousands of retail employees, indicating that the long-awaited feature is approaching completion. According to Apple employees who begged not to be identified, the tech giant approached retail employees last week to give them a prototype version of
Insurance providers in South Africa have included an exclusion for total Eskom grid failure
Several major South African insurance firms have refused to cover their clients for certain damages caused by Eskom's power grid outage. Moneyweb broke the story after obtaining an email from Hollard Insurance informing consumers of a new "Electricity Grid Failure" exclusion added to their plans. Hollard spokeswoman Warwick Bloom noted that although a total grid
In South Africa, 82% of grade 4 students are unable to read for meaning
Fewer primary school students can read for meaning now than before the Covid epidemic, and the majority of children entering grade two are illiterate. Despite the fact that there is a literacy crisis, there is no national reading strategy, no suitable funding, no reliable reporting, and no progress on implementing critical interventions. The findings of
Search for a new Eskom CEO is already underway says board member Mteto Nyati
The embattled power generator, Eskom, is already working hard to appoint a new CEO following the resignation of Andre de Ruyter. According to the Eskom board member Mteto Nyati, he said that the process to hire a competent and experienced CEO is already underway. The new CEO’s primary tasks will be to keep the lights
Burger King and several companies urge Cyril Ramaphosa to curb fuel tax levies
BusinessTech Africa has gathered that companies such as Coca Cola and Burger King have asked President Cyril Ramaphosa to cut fuel taxes. Per a report on Fin24, the Consumer Goods Council of South Africa (CGCSA) wrote a letter to Ramaphosa urging him to scrap the sugar tax, as well as suspend the fuel duty and
Mining Indaba: Mantashe calls on investors to put money as he unveils load shedding plans
South African mineral resources and energy minister Gwede Mantashe has urged investors to put money into the local economy. Mantashe was speaking during the ongoing Mining Indaba that is held in Cape Town and said the government had the plan to resolve load-shedding. During his opening address, Mantashe also presented a four-point plan that he
Exciting News for Property owners in Cape Town
The City of Cape Town is developing a new online gateway to let the public and professionals transact development-related business with the City's Development Management Department. The new portal, billed as a one-stop shop for city development operations, will go live on February 27th, providing expanded services to citizens and professionals who have already enrolled
South Africa has 26 megaprojects planned, including a new R5 billion smart city and a major push towards renewable energy
Nedbank has released its revised Capital Expenditure Project Listing for 2022, which details the major capital projects presently ongoing in South Africa. According to the bank, fixed investment activity in the nation would moderate in 2022 as significant local and domestic headwinds unsettle and erode company confidence. The value of new projects announced this year
WhatsApp is getting a significant photo and video sharing update
WhatsApp will more than triple the existing limit for the amount of media assets users may share in a single message. According to WABetaInfo, the most recent Android beta update of the popular chat app allows some users to share up to 100 movies, photos, or other files at once. Currently, WhatsApp users who are
Load-shedding costs South Africa up to R899 million each day
According to central bank estimates, South Africa's energy problem costs the economy up to 899 million rand ($51 million) every day. Rolling blackouts lasting 6 to 12 hours a day, or so-called stage 3 and stage 6 outages, cost the economy between 204 million and 899 million rand per day, according to the South African
Dell is laying off 6,650 workers as PC sales plummet
Dell Technologies Inc., the latest technology company to announce thousands of job cutbacks, is removing around 6,650 positions due to falling demand for personal computers. Dell stated in a regulatory filing early Monday that the layoffs equal to around 5% of its global staff. Dell is dealing with market circumstances that “continue to erode with
South Africa's Internet traffic has increased by 500,000%
Internet traffic passing through South Africa's largest Internet exchange, NAPAfrica, has increased by more than 500,000% in just over a decade. Teraco, Africa's largest data centre operator, established NAPAfrica in March 2012 as a vendor-neutral Internet exchange point for South Africa. It enables organisations with Internet-hosted content and services to peer locally by deploying equipment
Eskom must hike prices or die — André de Ruyter
Eskom Holdings SOC Ltd. requires debt relief in addition to price rises to survive, according to departing CEO Andre de Ruyter, who has managed the company for three years while South Africa's power outages have worsened. The continent's largest industrialised nation has experienced 100 consecutive days of power outages due to supply problems caused mostly
Eskom has announced more load-shedding, here is the latest schedule
Eskom has declared that load-shedding would no longer be reduced as of Wednesday. Load-shedding will instead stay at stage 4 between 16:00 and 05:00 and stage 3 between 05:00 and 16:00 everyday until further notice. Eskom has previously stated that it intended to minimise power outages to an alternate schedule of stage 2 and stage
Top speaker line-up announced for 2023 FORBES WOMAN AFRICA Leading Women Summit
Some of the continent's most powerful women will address difficult themes centred on this year's theme, Women 3.0: The Icons and Ideas Shaping Africa. The organisers are thrilled to provide viewers a behind-the-scenes look at some of the speakers who will be featured in the 8th FORBES WOMAN AFRICA Leading Women Summit, which will take
How much do South African mobile service providers spend on their networks
When it comes to network investment, Vodacom has surpassed South Africa's other main mobile providers in the last year. MyBroadband compared the capital invested on networks by MTN, Vodacom, Cell C, and Telkom in the previous year. The mobile network provider paid R11.1 billion on network expansion and maintenance, compared to R9.1 billion spent by
Elon Musk says Twitter has avoided bankruptcy
Elon Musk claims that Twitter Inc. is "trending to breakeven" after rescuing it from "bankruptcy." The billionaire stated in a tweet on Sunday that the previous three months had been "extremely difficult." He had to balance his obligations at Tesla Inc. and Space Exploration Technologies Corp., or SpaceX, with the rescue of the social-media platform.
One hundred days of nearly continuous load shedding
South Africa is approaching 100 days of rolling blackouts, the longest period yet, with more to come as the country's electrical situation worsens. According to Bloomberg estimates, Eskom Holdings SOC Ltd., the state-owned corporation that provides virtually all of the energy in Africa's most industrialised economy, has enforced daily blackouts since Oct. 31, making Monday
In South Africa, Huawei dominates mobile network speeds
According to Analytico statistics, residents in locations covered by Huawei's radio equipment had the fastest download and upload rates. The study is based on MyBroadband speed test app users' testing and controlled driving tests done throughout 2022. To ensure carrier-neutral testing, MyBroadband's speed test servers are hosted at Teraco's vendor-neutral data centres. At NAPAfrica peering
ANC wants Dlamini-Zuma in charge of the load-shedding debacle
The ANC wants Nkosazana Dlamini-Zuma to lead South Africa's attempts to fix the load-shedding problem, which has left the country in a state of emergency. This was one of the proposals made during the ruling party's National Executive Committee (NEC) lekgotla last week, according to the Sunday daily Rapport. At the same time, "impeccable" sources