Author: Staff Writer

In the past few years, Africa has seen a big increase in using cloud technology. This is mostly because it’s cheaper and helps businesses a lot, especially small ones. Sylvester Meyer, a prominent figure in the tech industry, says this is important for making Africa more modern and helping businesses grow. Cloud computing, the place where data and applications are hosted on remote servers accessed via the internet, has emerged as a game-changer for businesses across Africa. Unlike traditional IT infrastructure, which demands substantial upfront investment in hardware and maintenance, cloud services offer a pay-as-you-go model, allowing businesses to scale…

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Retailability’s Durban distribution centre, affected by the intense unrest in July 2021, has reopened its doors. Following the tumultuous events in KwaZulu-Natal during that month, the parent retail group overseeing popular brands like Edgars, Legit, and Keedo had to evacuate the facility due to the extensive damage incurred. However, after diligent reconstruction efforts, Retailability’s 13,000 square meter apparel distribution centre at Cornubia Ridge Logistics Park, situated north of Durban, has been fully restored, just in time to cater to the high-demand festive season. In the aftermath of the upheaval, Retailability faced a significant setback alongside numerous other retailers severely impacted…

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Imagine electric driving pleasure redefined in a whole new dimension. Welcome to the sixth-generation BMW eDrive, where you can expect up to 30 percent more range, 30 percent faster charging, and 25 percent greater efficiency. But that’s just the beginning. With the latest generation of BMW iDrive, we’re offering a digital, interactive, and intuitive experience like never before. In the next generation of BMW iDrive, we’re blurring the lines between the real and virtual worlds, creating a unique digital user experience that’s both intuitive and innovative. It’s a circular concept—rethinking, reducing, reusing, and recycling—bringing the principles of the circular economy…

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Despite US pressure and calls for the relocation of the African Growth and Opportunity Act (AGOA) summit from South Africa due to diplomatic differences with Russia, South Africa remains firm in its decision to host the summit with AGOA beneficiaries in November. A joint statement issued by US Trade Representative Katherine Tai and South Africa’s Minister of Trade, Industry, and Competition, Ebrahim Patel, confirmed that the summit is scheduled to commence in Johannesburg on 2 November. Earlier in June, a bipartisan group of US legislators urged the White House to move the summit from South Africa, citing concerns over the…

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The new E-Class Sedan is more than just a car; it’s a vehicle that evolves with you, adapting to your needs and desires. With its intuitive operation and innovative features, this business sedan becomes deeply personal to you. Its sleek design, clear lines, and expressive details usher in a new era of sensational purism, presenting a dynamic exterior that is nothing short of captivating. From the illuminated radiator grille to the elegantly dynamic rear end design, complete with fascinating lighting details, the new E-Class Sedan speaks the language of exciting design. It incorporates progressive stylistic elements that are characteristic of…

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In an effort to combat a growing trend of companies delisting from Africa’s largest bourse, the Johannesburg Stock Exchange (JSE) is actively pursuing a simplification of its listing procedures. The exchange has invited public input regarding this initiative, emphasizing the need for a streamlined process to attract more companies to list. On a mission to reduce both the quantity and complexity of listing requirements, the JSE has initiated a simplification project that prioritizes plain language to foster a more welcoming listing environment. André Visser, the Director of Issuer Regulation at the JSE, highlighted the importance of maintaining regulatory standards and…

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Hotel operator Southern Sun has reported a significant increase in group occupancies, attributing the rise to a series of major events in the Western Cape, notably the recent Netball World Cup. According to the company’s update during its Annual General Meeting, group occupancies for the five months up to end-August increased by approximately 11 percentage points, reaching just over 55%. Moreover, Southern Sun foresees potential improvements of over a third in revenue for the first half of the year and nearly three-quarters in operating profits. Southern Sun, valued at around R7.1 billion on the JSE, manages an array of hotel…

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Standard Bank has highlighted the considerable challenges facing intra-Africa trade in 10 prominent African markets, emphasizing the persisting difficulties due to currency shortages and inadequate infrastructure. The scarcity of foreign currency, especially the US dollar essential for imports, is exacerbated by currency volatility and international capital flight, according to the 2023 Standard Bank Africa Trade Barometer. Based on a survey of approximately 2,600 businesses, 68% of which are categorized as small, across ten countries—Angola, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania, Uganda, and Zambia—the annual barometer reveals that the ease of intra-continental trade remains below the neutral score of…

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EasyEquities has introduced securities-based lending, attracting inquiries from qualifying clients for over R5 million in margin loans on the first day. This move by the country’s largest retail investing platform signifies a strategic expansion in financial services. Almero Oosthuizen, the head of product at EasyEquities, clarified that this lending option is available to portfolios that exhibit diversity and liquidity, indicating sound investment behavior over the years. Investors meeting this criterion, including regular deposits and diversification, have been invited to participate. The specific qualifying criteria for these margin loans are expected to evolve over time. The new product, named EasyCredit, allows…

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Elon Musk, the entrepreneur at the helm of the social media platform X, is considering a significant change that could reshape the platform. This potential alteration marks a pivotal moment since he assumed control of the platform, formerly known as Twitter, in October of the previous year. However, industry experts express doubts about the feasibility and acceptance of this proposed change among users. In a recent discussion with Israeli Prime Minister Benjamin Netanyahu, Musk highlighted the necessity of introducing a “modest monthly fee” for X to combat the widespread issue of automated accounts, commonly referred to as bots, that negatively…

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