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Stock picking South African miners
The local Gold miners index is lower, month-to-date, off by 12.63% and lower by over 48% since it's most recent multi-year peak of August 2020. Our expanded technical view, utilizing the monthly chart, notes the price continuing to trend toward the (1) medium term break of April 2020 which coincides with the (2) prior multi-year
Telegram adds auto-delete option to all messages, expiring invites, and more
Telegram is updating its messaging app with options for auto-deleting messages, expiring invite links, and new unlimited groups, the company shared in a blog post. Much like Signal, Telegram received a burst of new users in the confusion over WhatsApp’s privacy policy and now the company is adopting features that were already part of its
Twitter to launch a feature that allows auto-block and muting of abusive accounts
Twitter plans to introduce a way for you to automatically block and mute abusive accounts, the company announced at its Analyst Day presentation on Thursday. It appears the feature will be a toggle you can turn on in a new “safety mode,” according to a slide in the Analyst Day slide deck. Here’s Twitter’s description
How one of Google’s massive undersea cables detects earthquakes
The web of undersea cables that transmit data around the world could one day be used to track earthquakes and tsunamis, according to new research. During a test run last year, one of Google’s fiber-optic cables was able to successfully pick up on nearby earthquakes by detecting distortions in light pulses sent along the cable.
Spot: Boston Dynamics condemns robot paintball rampage plan
A US art installation that will let people control a paintballing robot in a mock art gallery has been condemned by the firm that made the robo-dog. Boston Dynamics criticised the project, calling it a "provocative use" of its quadruped robot, Spot. It warned that if the "spectacle" goes ahead, Spot's warranty might be voided,
Boeing planned to replace 777 engine covers before failures: WSJ
Boeing Co was planning to replace engine covers on its 777 jets months before a pair of recent serious failures, the Wall Street Journal reported on Thursday, citing an internal Federal Aviation Administration document. The U.S. Federal Aviation Administration (FAA) on Tuesday ordered immediate inspections of 777s with Pratt & Whitney RTX.N PW4000 engines before
Netflix introduces new age restrictions for South Africa
Not all content on Netflix is suitable for younger audiences. Now, Netflix has added new maturity ratings to its online catalogue of shows that are aligned with the standards of the Films and Publications Board (FPB). Users of the streaming service in South Africa recently noted that FPB ratings had been added to show descriptions
Exxaro to reduce Tronox stake
The diversified resources group said it had appointed JP Morgan, Band of America (BofA) Securities, Deutsche Bank Securities and Morgan Stanley as joint book-running managers and underwriters for the offering and had granted them a 30-day option to purchase up to 2.55-million additional Tronox shares at the public offering price. Tronox is the world's leading
FNB recognized as Africa’s Most Valuable Bank Brand for second year in a row
FNB has retained its position as Africa’s Most Valuable Bank Brand for the second year in a row in the 2021 Brand Finance® Global 500 Banking report. With brand value of US$1.3 billion, FNB is the top performing South African brand among top 200 most valuable bank brands in the world in the 2021 Brand Finance® Global 500 Banking ranking. In
SARS receives cash injection to improve technology infrastructure
The South African Revenue Service (Sars) has been given a huge injection of R3 billion to improve its technology infrastructure and artificial intelligence capabilities. The tax authority has been nearly decimated by years of capture under former commissioner Tom Moyane, impacting on its ability to collect taxes desperately needed to fund service delivery. The additional
Overcast overhauls its Apple Watch app
A new update to popular podcast player Overcast includes a major overhaul of its Apple Watch app. The Apple Watch support is notable at a time when third-party app development for the platform is not necessarily in a great spot, though the Watch itself continues to grow in popularity. Overcast’s update reorganizes the app UI from top
6 things from the budget speech that will affect YOU
Minister of Finance Tito Mboweni kicked off the highly anticipated budget speech on Wednesday by admitting that Covid-19 has had a massive impact on the country’s citizens and livelihoods. But he also said South Africa is not without hope… Nobel Laureate, Archbishop Emeritus Desmond Tutu once said “Hope is being able to see that there
Why Huawei Mobile Services Expands Ad Exchange Across Africa
Huawei Mobile Services (HMS) has announced the expansion of their advertising business into overseas markets including the MEA (Middle East, Africa, and Pakistan) region. HUAWEI Ads is a supply-side and demand-side, real-time advertising marketplace through which media companies transact ad impressions with accountability, using programmatic technology, and includes a monetization tool for app publishers. The beta version of
Capitec and Nedbank launch fuel rewards
Capitec and Nedbank have both launched fuel rewards, making them the last of the major banks to do so. FNB was the first of the banks to introduce rewards based on fuel purchases as part of its eBucks rewards programme in 2010. Absa and Standard Bank followed with their Absa Rewards and uCount programmes, while
LIVE: Watch the Budget speech delivered by Minister of finance Tito Mboweni
Finance Minister Tito Mboweni is due to present the budget at 14:00 today (Wednesday). On the other news, the JSE was firmer on Wednesday, with the rand mostly stable as local focus turns to finance minister Tito Mboweni’s budget announcement. Investors are expecting that more details will emerge on the effect of Covid-19 on the
Spotify expands international footprint by bringing launching new markets in Africa
The world’s most popular audio streaming subscription service is now available to listeners in Ghana, Kenya, Nigeria, Tanzania and Uganda for free More music with 70 million tracks, 4 billion playlists and personalised music discovery features Tailored to the African market with local curated playlists Johannesburg – February 23, 2021: Spotify (NYSE: SPOT), the world’s most popular global audio streaming subscription service, is now available
Samsung extends the return period for defected Galaxy Z Fold 2 or Z Flip foldable phones
Samsung is extending the return period for its newest foldable phones to 100 days, the company announced on Tuesday. That means buyers of the Galaxy Z Fold 2 5G and Z Flip 5G can purchase either device, use it for more than three months, and return it for a full refund. Samsung is calling this
SAFTU strikes in Joburg and Cape Town ahead of Mboweni’s budget speech
Members of the South African Federation of Trade Unions (Saftu) took to the streets of Joburg and Cape Town on Wednesday (24 February) to picket in response to a number of economic problems in the country ahead of the National Budget Speech. The strikes, which have been timed to coincide with finance minister Tito Mboweni’s
LG will license its webOS software to other TV brands
LG tonight announced that the company’s webOS smart TV platform will soon be found on TVs from other brands. RCA, Ayonz, and Konka are some of the companies that have already signed on. “This has the potential to reshape the TV business for both technology and content providers while significantly growing LG’s presence and prominence
TymeBank receives R1.6bn investment from global partner
TymeBank is set to substantially grow its South African offering and expand to the Philippines following a R1.6 billion investment injection. The investment by Philippines-based JG Summit Holdings and private equity firm Apis Growth Fund II will give the new shareholders a stake of about 20% in the bank, while maintaining African Rainbow Capital as