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South African fintech company Callpay sold at over R100 million valuation
South African fintech company Callpay has been sold to a global financial technology provider at a valuation of over R100 million. Callpay was founded in 2014 by brothers JP and Thomas van der Spuy. It initially offered a white-labelled telephony payment system. JP serves the company’s CEO, while Thomas was its head of partnerships. As
Koo app replaces Twitter in Nigeria
An Indian microblogging and social networking app, Koo, was on Tuesday launched in Nigeria to deepen online expression, thoughts and ideas among people. Mr Aprameya Radhakrishna, co-founder of Koo, made this known during a virtual press briefing organised to announce the launch of the app in Nigeria. Radhakrishna said that the platform was aimed at
Google soon won’t let you sign in on very old Android devices
If you still have a device running Android 2.3.7 (the final version of Gingerbread) or older, Google won’t let you sign in to your Google account on that device starting September 27th, according to a support document (via Liliputing). “As part of our ongoing efforts to keep our users safe, Google will no longer allow
SA stocks near a record as rand boosts banks
South African stocks kicked off August on a positive note, rising to trade near their all-time high and joining global peers in rallying as some of the concerns over China’s regulatory crackdown eased and progress on a US infrastructure spending plan aided sentiment. The FTSE/JSE Africa All Share Index advanced as much as 0.9%, before
Fuel prices to increase again this week
Consumers and businesses will have to fork out an additional 91c for a litre of fuel as of Wednesday. Government announced that both grades of 95 and 93 octane will increase by this amount. This means that a litre of 95 ULP in Gauteng, which currently costs to R17.39/l will increase to R18.30/l. Meanwhile, diesel
MTN The company said it is expecting a decrease in earnings per share
MTN has released a trading statement for the six months ended 30 June 2021 to notify shareholders about a major drop in expected earnings for the company. The company said it is expecting a decrease in earnings per share of between 75% and 85% — or R5.06 to R5.73 — down from the earnings per
New Google Pixel phones to feature in-house designed processor
Google is making a bigger bet on smartphones by joining rivals Apple Inc. and Samsung Electronics Co. in designing the device’s most critical component in-house: the main processor. The Alphabet Inc. company said on Monday that its upcoming flagship phones, the Pixel 6 and Pixel 6 Pro, will include new Tensor chips when they go
5 upcoming tech summits to watch out for in 2021
The pandemic is giving us recurring surprise visits and sitting at home has made us all bored. However, as it is said, the show must go on. Conventions, summits and conferences, though virtual, are letting businesses still operate. These summits bring the most brilliant pioneers and trendsetters in the tech and business space from all
Microsoft is facing a subpoena for millions of documents in Google’s antitrust case
The sweeping federal antitrust case against Google has given rise to a significant fight over data held by Microsoft, and the company is now facing a subpoena for millions of documents that could shed light on its attempts to compete with Google’s search engine. Having initially cooperated with prosecutors in building an antitrust case against
Medupi Power Station project is finished — but is R201 billion over-budget
Eskom announced that the Medupi Power Station project’s last of six generation units has attained commercial operation status and was handed over to the power utility’s Generation division. The capital cost of the project is R122 billion so far, and Eskom said it expects to spend under R135 billion on completing the plant. At a
FNB deploys mobile ATMs in unrest-hit areas
First National Bank is deploying mobile ATMs in parts of KwaZulu-Natal and Gauteng hit by recent large-scale looting as a temporary measure while it rebuilds infrastructure destroyed in the riots. The mobile ATMs will be deployed in areas worst hit by the violence, the bank said on Monday. These ATMs have already been deployed in Dalton
SA Post Office plans to block all courier deliveries under 1kg
South Africa Post Office CEO Nomkhita Mona said by law, they are the only institution that is allowed to deliver packages between 0 and 1 kilogram. She added that legislators created this law to subsidise services that the Post Office cannot deliver profitably. The fight over the delivery of packages under 1kg started in 2018
How to use Google Tasks in Gmail on your desktop
Google’s Tasks app functions like a digital to-do list. While there are dedicated Android and iOS apps for Tasks, it’s also integrated right into the inbox view when you’re using Gmail on a desktop. So it can be a handy way of keeping track of items while you go through your email in case you
FNB creates more employment opportunities in support of retaining high-quality local skills
FNB, along with many other businesses in the market, is reigniting a call for the private and public sectors to prevent ‘brain drain’ by investing in high-quality critical skills in domestic markets. The Bank is calling for a collective effort to avail economic opportunities, better employment and career prospects to quell talent migration to overseas
South Africa first country to award patent to artificial intelligence inventor
South Africa has awarded a patent to an artificial intelligence (AI) called Dabus — short for Device for the Autonomous Bootstrapping of Unified Sentience. Dabus received its patent for a food container based on fractal geometry, which The Global Legal Post reported improves grip and heat transfer. The patent was filed by an international team
Western Cape Blood Service hit by cyberattack
The Western Cape Blood Service (WCBS) was hit by a cyberattack on Thursday morning, forcing the non-profit to resort to manual, offline processing while it restores its systems from backup. WCBS spokeswoman Marike Gevers confirmed to TechCentral on Thursday that the organisation had fallen victim to a cyberattack but denied market speculation that it was
Elon Musk’s Neuralink raises R3 billion for brain chip development
Neuralink, the futuristic brain-computer interface company founded by Elon Musk, said it has raised $205 million in fresh venture backing, by far the biggest haul of any company in its field. In a blog post on Thursday, Neuralink said Dubai-based venture firm Vy Capital had led the latest funding round. It comes two years after
US looks to leverage African diaspora in trade with Africa
The Biden administration plans to tap the African diaspora in the United States to bolster trade with Africa, a US official said on Wednesday, in a push to work with people who understand “social nuances” on the continent. Working with diaspora-owned enterprises is part of the revival of Prosper Africa, an initiative begun by former
Mark Zuckerberg’s virtual metaverse vision
Mark Zuckerberg doesn’t just want you logging in to his company’s products. He wants you living, working and even exercising inside them. That’s the very high-level idea behind the “metaverse,” a vision for the future of Facebook Inc. and the entire internet that Zuckerberg started pushing aggressively in the past week. “In the coming years,
Financial Tips I wish I knew when I was young
Easier said than done right? Granted… but that’s why getting into good habits while you’re young is so imperative. We’ve compiled a few tips we all wish we knew when we were much younger. Following these could lend you a better path and help you save quite a bit as well. 1.Learning how to use a