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Macroeconomic environment and increasing debt levels outweigh improved GDP growth in Q2 – Experian Report
The Experian Business Debt Index (BDI), which reflects the overall health of businesses in the economy, declined in Q2 to 0.445 from a slightly upwardly revised 0.740 in Q1. This decline was less than anticipated considering the better than forecasted outcome for Q2 GDP growth in both South Africa and the US. “Domestically, the improvement
Xiaomi in talks with Chery and other carmakers to build electric vehicles
Xiaomi Corp. has been talking to the automakers about potential production partnerships, and reports say that it waits for Beijing to approve a license that would give it the right to manufacture electric cars itself. The Chinese designer and manufacturer of consumer electronics has ambitions of becoming a producer of its own brand of electric
Uber Eats now allows one order from multiple restaurants
Uber Eats is now started allowing users to bundle items from two restaurants, takeaway outlets, liquor shops, or convenience stores in one order. The new feature supports adding items from two merchants of any kind located close to each other. Before the changes, Uber only allowed for bundling items from different convenience stores. In terms
African Bank acquires Sasfin Bank’s commercial divisions
African Bank is in the process of acquiring Sasfin Bank’s Commercial Equipment Finance (CEF) and Commercial Property Finance (CPF) businesses. Reports have confirmed that African Bank said the acquisition aligns with its Excellerate25 objectives, aiming to offer a more compelling listing proposition to the investor market. The head of African Bank business banking, Zweli Manyathi,
Microsoft served with $29-billion tax bill
The technology company, Microsoft has revealed that in September it was notified that it is seeking an additional tax payment of US$28.9-billion, plus penalties and interest for tax years from 2004 to 2013 by the US Internal Revenue Service (IRS). The company said the IRS notices relate to an ongoing dispute between the company and
(SPONSORED) Road Tripping – Rent a Car or Drive My Own?
By now, we should all know the rules and protocols to keep safe from the coronavirus – and ‘staying home’ is one of them. But let’s be realistic – life must and does go on, and staying home has some dire limitations. There comes a time when you have to get on the road for
JSE introduces market for carbon credits
Operating Africa’s biggest stock and bond exchanges, the JSE is now introducing the continent’s nascent carbon market. The company, based in Johannesburg, revealed that it has opened a market for carbon credits and renewable energy certificates with Xpansiv, meant to provide infrastructure to trade what it terms environmental commodities. In an interview, the JSE’s director
Microsoft releases tutorial to install Linux
Microsoft has published guidance on downloading and installing Linux, with four different installation methods. The tech giant presents the options of using Windows Subsystem for Linux 2, a local virtual machine (VM), a cloud VM, or installing on bare metal. In its introduction, Microsoft states that the operating system is similar to Windows, but with
Building new talent for a changing industry
There’s a skills shortage in South Africa. A simple scan of the headlines reveals that the country is short on technical skills that play an important role in many key industries. The Career Junction Employment Insight Report for 2022 found that the most severe skill shortages are evident in the Finance and IT sectors, while business management and
Nelson Mandela University profs recognised for ChatGPT research
Two professors from the Nelson Mandela University have reportedly received an international business conference for their research paper that showed ChatGPT can pass an MBA in South Africa. Andre Calitz who is a distinguished professor in the Department of Computing Sciences, and his wife Margaret Cullen who the professor to MBA and DBA students at
Amazon launches satellites in rivalry with Elon Musk’s Starlink
Amazon recently launched prototype satellites for its planned Kuiper internet network, which is set to rival SpaceX’s Starlink service. The tech giant has revealed that the on the 6th of October at 2:06pm EDT, an Atlas V rocket from United Launch Alliance (ULA) lifted off from Space Launch Complex-41 at Cape Canaveral Space Force Station,
Cell C revamping digital channels to enhance self-service
The telecommunications company, Cell C is currently working on is revamping its digital channels, as part of the telecoms operator’s growth strategy, to improve customer experience and increase its market share. Under the new CEO Jorge Mendes who joined the firm in June, the company is on a path to gain profitability within 18 to
Pick n Pay launches Smart Shopper app
The South African retail company, Pick n Pay has launched a new Smart Shopper app that does away with the need to carry a physical loyalty card when shopping at any of the retailer’s stores. The company in a statement, revealed that the new app also assists Pick n Pay shoppers track and earn benefits,
Adobe upgrading image-generating AI tool
Adobe Inc. has made an announcement that it has new versions of its generative artificial intelligence model, Firefly, promising higher-quality images and the ability to produce new types of media. Adobe vice president of generative AI, Alexandru Costin said that the new edition of its AI model was trained on about 70% more images, which
AMD looking to acquire AI software start-up in bid to catch Nvidia
AMD has plans in place to acquire an artificial intelligence start-up called Nod.ai as part of an effort to bolster its software capabilities. While trying catch rival chip-maker Nvidia, AMD plans to invest heavily in the critical software necessary for the company’s advanced AI chips. Nvidia has built a powerful advantage in the AI chip
How the HUAWEI WATCH GT 4 Delivers a Premium and Personalised Smartwatch Experience
HUAWEI had everyone bouncing off the walls with the announcement of the new HUAWEI WATCH GT 4. This is not your ordinary smartwatch. Instead, it leans heavily towards being a full-blown luxury statement piece that also features some innovative new capabilities, long-lasting battery life, and advanced health and fitness features. Whether you prefer the bold
W&RSETA TO HOST WHOLESALE AND RETAIL SKILLS DEVELOPMENT SUMMIT AND GOOD PRACTICE AWARDS
To highlight and review the Wholesale and Retail Sector’s successes, challenges, and future opportunities, the Wholesale and Retail Sector Education and Training Authority (W&RSETA) will host a Skills Development Summit later this month. “The Wholesale and Retail industry plays a pivotal role in the economy as the third biggest contributor, providing employment opportunities for millions
Rising to the challenge: Lenovo redefines the gaming experience
With exciting new AAA-titles being released, it’s time to shine a spotlight on a name synonymous with gaming innovation: Lenovo. The tech giant's Legion gaming laptop lineup stands tall as a testament to modern gaming engineering and design, perfectly embodying the spirit of this digital entertainment celebration. "In an era where gaming is not just
Just like books, contact centres will never go out of style
The business process outsourcing (BPO) sector is booming in South Africa. A recent survey of local call centres showed rapid growth in the sector, while McKinsey estimates that the sector could grow to over 775,000 jobs by 2030. This is an exciting time to be working in the BPO sector, as we strive to find the balance
(SPONSORED) Car insurance types
As we all begin to slowly emerge from the comfort of our homes back out onto our busy roads, getting back behind the wheel means re-assessing our knowledge of car insurance. So, before you begin planning the kids’ extra mural timetables and scheduling your daily meetings, we want to make sure you remain safe from