Vodacom Group will officially trade as a secondary listing on the A2X Stock Exchange at market open on Thursday, 26 October 2023. This means that holders of Vodacom Group’s ordinary shares can be traded on A2X from the date of listing. The Group will retain its primary listing on the Johannesburg Stock Exchange (JSE), and its issued share capital will be unaffected by the additional listing on A2X. The secondary listing on A2X complements the company’s primary listing by providing its investors with an alternative trading venue. Vodacom Group CFO Raisibe Morathi says, “We are pleased that the secondary listing…
Author: Yanga Manci
For many car owners, car insurance is about protecting yourself against terrible drivers on the road, unexpected accidents, and bad luck. Few of us think about protecting our vehicles against natural disasters but it is something we should consider carefully. Because while we may not mind our older model vehicles getting the odd scratch and dent, having to repair or replace a car because of a natural disaster can become very expensive. From floods and sinkholes to earthquakes and wildfires, natural disasters occur all over the world, including in South Africa. In fact, according to some sources, disasters are happening…
Today, Amazon announced that it will launch Amazon.co.za in 2024, providing South African-based sellers the ability to reach customers across the country starting next year. More than 60% of sales in Amazon’s store are from independent sellers—most of which are small and medium-sized businesses—providing a vast selection of products, competitive prices, and great convenience for consumers. Starting today, independent sellers in South Africa can register their businesses on sell.amazon.com/south-africa. “We look forward to launching Amazon.co.za in South Africa, providing local sellers, brand owners, and entrepreneurs – small and large – the opportunity to grow their business with Amazon, and delivering great value and a convenient…
President Cyril Ramaphosa has revealed that his administration is not moving in the direction of privatising any state-owned companies as the government initiates reforms to clean up their balance sheets and revive their performance. In a meeting with his party, the African National Congress, the South African president mentioned that private sector investment was necessary to mobilise funds for economic infrastructure given the government’s limited fiscal space. However, the involvement would be “subject to stringent regulations,” which would enable energy security and exporting of critical goods. The presidency also revealed that it has intentions to allow private companies to access…
Telkom, a leading South African telecommunications company, is issuing this statement in response to ongoing media reports regarding alleged power supply issues with the City of Joburg’s City Power. Recent media reports have suggested that Telkom, along with several business and residential customers, is facing disruptions to its power supply due to unpaid electricity bills. Telkom wishes to categorically refute these claims and clarify its financial relationship with City Power. Telkom diligently manages its accounts and pays all bills in accordance with agreed terms. The Company is designated as a strategic account by City Power and has a dedicated key…
South Africa is strategically positioned as a primary conduit for trade across Africa. Its robust transport and logistics sector has historically served as the linchpin for intra-African trade and as a bridge to international markets. As indicated by Mordor Intelligence, the market value of South Africa’s Freight and Logistics is projected to grow from USD 21.53 billion in 2023 to USD 30.56 billion by 2029. This surge is partly attributed to the COVID-19 pandemic, which triggered a massive rise in online shopping and, consequently, delivery demands. South Africa’s Transport & Logistics Landscape Durban, Cape Town, and Port Elizabeth aren’t just…
The telecommunications company, MTN has launched a new fibre ISP, MTN Fibre, which offers broadband services from R349 per month, including router and installation. Available in certain areas, MTN is offering a promotion giving new customers up to R150 per month discount for the first three months. The Residential MTN SA GM, Bertus van der Vyver, said: “MTN Fibre is redefining the way our customers connect and communicate in an increasingly digitised world. Whether for remote work, gaming, entertainment, content creation, or just to simply stay in touch with friends and family, MTN Fibre offers South Africans the best in…
The social media platform, Snapchat has been only operating by people consuming content on its own app, but now it is allowing websites to embed public content including Lenses, Spotlight videos, Public Stories, and Public Profiles. Users who are looking to embed a Story, video, or a Lens, can open up the content on a desktop browser using the link. Afterwards, they can click on the embed button on the share sheet to copy the code and post it to their site. Back in July 2022, the app made the website more user-friendly for users with core features like the…
BMW has gotten into a partnership with Anglo American Platinum and Sasol in order to to develop infrastructure that will encourage the production and use of hydrogen-powered vehicles in South Africa. The is for BMW to provide its fuel-cell iX5 sport utility vehicle, while Sasol will be supplying green hydrogen. According to a statement, the platinum mining company Amplats, will be working with the partners “to help develop a local green hydrogen mobility ecosystem”. Hydrogen vehicles are struggling to take off because of high costs and a fledgling fuelling infrastructure. The top emitter of greenhouse gases in South Africa, Sasol…
Robin Li, the founder of Baidu Inc., has revealed that the company’s large language model has finally caught up with OpenAI’s advanced GPT-4, claiming the lead in his country’s race to develop AI that can rival the US. Taking to the stage this week in Beijing, the billionaire told a packed house at a converted steel mill that now serves as an auditorium, that Ernie has matched OpenAI’s seminal product in terms of sophistication and general capabilities. The Ernie chatbot has now surpassed 45 million users, which is a milestone that still lags ChatGPT’s estimated 180 million, though the US…
