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Top African regions set to become leading startup and investment hubs
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem, Managing Partner at HAVAÍC – investors in early-stage, high-growth technology businesses – says several other African cities are quickly emerging as leading startup and investment hubs to watch. “Startups in Nigeria,
How to ace your next interview
Interviews are pivotal part of your recruitment process; they are the final seal that determines if you’d get the job. As I often tell undergraduates and recent graduates, if you get to an interview stage, it means you are good enough for the job, you just must demonstrate how good you are. The tips below
Agriculture: Lagos to empower to 3000 farmers in poultry, fisheries and piggery
Lagos State Government announced that it plans to empower 3,000 agripreneurs in the state engaging in artisanal fisheries, poultry and piggery value chains through the 2021 Agricultural Value Chains Enterprise Activation Programme on July 29. This was disclosed by the Lagos State Commissioner for Agriculture, Ms Abisola Olusanya, in a statement on Sunday, according to the News Agency of Nigeria. What the Commissioner
Mango Airlines to be placed into business rescue
SAA interim chief executive Thomas Kgokolo said Mango Airlines, the low-cost arm of state-owned South African Airways (SAA), will be placed into business rescue. Mango Airlines, trading as Mango, is based at OR Tambo International Airport and is a whole-owned subsidiary of SAA. Mango was launched in October 2006, and the first commercial flight took
SUMMARY: Everything you need to know as South Africa moves to adjusted Alert Level 3
President Cyril Ramaphosa announced South Africa will move from Level 4 COVID-19 restrictions to adjusted Level 3 on Sunday. "My fellow South Africans, since I last addressed you 14 days ago, we have been fighting a battle on two fronts – the first against the deadly coronavirus, the second against the actions of those who
MacBook Air with 13-inch Mini LED display reportedly on the way for 2022
Apple plans to announce a redesigned MacBook Air with a 13.3-inch Mini LED display in the middle of 2022, according to a new investor note from reliable Apple analyst Ming-Chi Kuo seen by 9to5Mac and MacRumors. The prediction is in line with Kuo’s previous reports, but offers a more specific timeframe. It also suggests the
Welcome to Stage 2 load-shedding and Level 4 lockdown
Eskom announced that stage 2 load-shedding would be implemented from 16:00 until 21:00 tonight due to a shortage of generation capacity. “Eskom regrets to inform the public that due to shortage of generation capacity, coupled with the severely cold weather in parts of the country, Stage 2 load-shedding will be implemented,” the power utility stated
Uber acquires trucking company for R33 billion
Uber will acquire Transplace, a logistics company owned by TPG Capital, for $2.25 billion in the company’s biggest bet on the trucking business. The deal is designed to help Uber’s freight arm break even more quickly, the San Francisco-based company said in a statement. Uber Freight will turn its first adjusted earnings before interest, taxes
Sipho Maseko steps down as Telkom CEO
Sipho Maseko is stepping down as CEO of the partially state-owned telecommunications group Telkom after nine years in the job. He will depart on 30 June 2022. “The process to appoint a successor is well under way and a group CEO-designate will be announced in the not-too-distant future. Sipho would, for the remainder of his
Vodafone Group considers to spin off its African mobile money service M-Pesa
Vodafone Group Plc hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic. The platform offers peer-to-peer transactions in countries including Kenya, Tanzania, Mozambique, Lesotho and the Democratic Republic of Congo. It’s now pushing into new financial services like small loans, payroll and savings. Vodafone Chief
Osino’s Namibian gold discovery looks to be a gem
Toronto-listed mining junior Osino Resources has just published a preliminary economic assessment (PEA) of its Twin Hills gold find in Namibia, and it’s a gem. For CEO Heye Daun and his team, what started out as a near hunch has turned into the largest discovery of gold in southern Africa in recent years, with a
Naspers invests R34-million in SA insuretech start-up Ctrl
Naspers, through its Foundry start-up investment business, said on Wednesday that it is investing R34-million in Ctrl, a digital short-term insurance marketplace that connects consumers, brokers and insurers on a single platform. It’s the first investment by Naspers Foundry in an “insuretech” business, and the deal takes its investment portfolio to six technology companies. The
Clubhouse is no longer invite-only
Clubhouse is going wide. Co-founders Paul Davison and Rohan Seth announced today that the app is no longer invite-only. Around 10 million people are currently on the waitlist, a spokesperson confirms, and they’ll slowly be added to the app over time. (Essentially, millions of users won’t be added today, but seemingly, if you attempt to
R1.35 quadrillion needed to prevent worst effects of climate change
Governments and companies will need to invest at least $92 trillion by 2050 in order to cut emissions fast enough to prevent the worst effects of climate change. That’s the latest forecast from analysts at BloombergNEF, who see that scale of spending as necessary to drive a rapid electrification of the global economy and slash
South Africa’s port systems remain offline after Transnet gets hacked
Transnet has been hacked, causing South Africa’s ports and freight rail services to grind to a halt. Supply chain management company ISS Global Forwarding announced on Twitter that it received information that Transnet was the victim of a cyberattack. All of Transnet’s systems are currently offline, ISS stated. The South African Association of Freight Forwarders
Apple to stop developing the iPhone mini: report
Apple will not introduce an updated version of its smaller iPhone mini smartphone next year, after it failed to become popular among consumers, Nikkei reported on Wednesday. Citing sources familiar with the matter, Nikkei said Apple from next year will only offer 5G-enabled iPhones and will revamp its budget handset after for the first time
ICASA needs four new councilors
Chairperson of the Portfolio Committee on Communications, Boyce Maneli, has called for members of the public and organisations to nominate suitably qualified people to fill four vacancies at the council of the Independent Communications Authority of South Africa (ICASA). “Three vacancies will be filled immediately, whereas the other one will be filled in January 2022
Telkom’s major improvement in the race for best network
Telkom has improved its mobile network over the last 12 months and is catching up to its competitors in its bid to become the best network in South Africa. Telkom placed third in the MyBroadband Insights Mobile Network Report over the last year and now has its sights set on the second position. Key to
Pick n Pay and Shoprite give their riot updates
The market has been waiting for updates from Shoprite and Pick n Pay on the damage from the riots last week. Updates have already been given by Woolworths and Spar, although the Spar update was weirdly only available as a press release rather than a SENS announcement.Pick n Pay A significant portion of the property
Truworths dragged down by UK business
Overall, Truworths managed to grow sales by 0.5% for the 52 week period to 27 June 2021. Credit sales comprised 52% of the total, slighted higher than in the comparable period. This may be a flat sales result overall, but there are significant swings in the underlying operations. The group has not provided an update