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The BPO industry is boosting employment in South Africa
One of the greatest challenges currently facing South Africa is creating meaningful employment for its citizens, creating a much larger economically active population. Statistics South Africa recently released its Quarterly Labour Force Survey for Q2 of 2023, and while the results indicated a modest decrease in the official unemployment rate, there’s no denying that it’s
Zak Calisto gains nearly $35 million in 18 days
Zak Calisto who is a South African tech tycoon has experienced a great surge in his net worth due to the increase in the market value of his stake in Karooooo Limited, a Singapore-based global mobility Software as a Service (SaaS) platform. The market value of Zak Calisto’s stake in the tech companies shot up
Largest Zambian copper mine dodges liquidation
The largest copper mine in Zambia, has managed to dodge liquidation and received a cash injection of $1 billion from its parent company, ending a years long legal battle. The majority owner of Zambia's largest copper mining firm Konkola Copper Mines (KCM) is the London-listed Vedanta, and has been at the centre of a standoff
India looking to explore foreign exchanges listing for local firms
On Monday, Finance Minister Nirmala Sitharaman India will be reconsidering allowing local firms to list on foreign exchanges, including the London Stock Exchange, in a move that could allow start-ups in the South Asian nation gain access to foreign capital for growth. The London Stock Exchange is one of the exchanges that India is considering,
Meta working on a much more powerful AI
Meta Platforms has a new artificial intelligence system running that has intentions to be as powerful as the most advanced model offered by OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The parent company for Facebook, has aims for its new AI model to be ready next year, the
Nespresso South Africa welcomes new CEO
Johannesburg, South Africa, 11 September 2023: Nespresso South Africa is pleased to announce the appointment of Mr Gabriel Nobre as the new Chief Executive Officer (CEO) as of 1 June 2023. He will be based at the Nespresso South Africa Head Office in Bryanston and will report to Jean-Paul Le Roux, Head of Zone SAMA
MTN lets go of tower deal with IHS in Nigeria
MTN Group has revealed that American Tower Corporation will be taking over its Nigerian tower operations from IHS Holding from 2025. The company mentioned that it was proactively renegotiating its tower contracts in Nigeria as the lease of approximately 2 500 of its network sites in its largest market, for which IHS had provided services,
MultiChoice chairman stepping down
The parent company for DStv, MultiChoice has made an announcement that chairman Imtiaz Patel will be stepping down from the company’s board on the 31st of March 2024. The person that will be taking over as chairman from the 1st of April 2024 will be Elias Masilela. At the current moment, Patel is serving as
Uber to possibly launch handyman-finding service
Uber is said to be exploring launching a similar TaskRabbit with a discovered in Uber’s iPhone app, spotted by developer Steve Moser. Bloomberg reports that TaskRabbit is an online and mobile marketplace for users to find freelance labour and help with various everyday tasks, such as assembling furniture, moving, delivery, and handyman work. Uber’s version
SpaceX launches first office in Europe
Reports have revealed that Space Exploration Technologies Corp., also known as SpaceX, will be opening an office in Dublin in what would mark the first physical presence of the Elon Musk-founded space company in Europe. According to the British Sunday Times, this move follows as the US technology business looks to expand sales of its
Tesla’s Dojo supercomputer could boost company’s value by R9.5 trillion
According to Morgan Stanley, Dojo supercomputer by Tesla Inc. can possibly add as much as $500 billion (R9.5 trillion) to the company’s market value through faster adoption of robotaxis and network services. Writing in a note, analysts including Adam Jonas and Daniela M Haigian said Dojo can open up “new addressable markets,” just like AWS
Can hybrid cloud transform your storage posture?
Instead of worrying about the volume and velocity of your data (and where to put it), turn to hybrid cloud, says Mpho Mothapo, Executive: Cloud Consulting and Advisory at BCX. There is little doubt that data remains both the most compelling and most complicated asset for the business. On one hand, it is a potential
RAUBEX MITIGATES TRAFFIC WITH THE NEW BEITBRIDGE BORDER POST PROJECT
One of the biggest construction engineering companies in Africa, Raubex Group, has just finished on working on its biggest project to date. The JSE listed company, in partnership with the Zimbabwean government as well Zimborders, came together to build the Beitbridge border post, a $175 million project. In order to ensure that it was a
Continued Click and Collect shopper demand opening up more opportunity for SA retailers
Click and Collect specialist Pargo’s latest Ad and 4000+ collection points signal a growing appetite amongst SA consumers for time- and place-friendly delivery alternatives A shoddy delivery service will scupper even the best retailers. As online shopping has surged, so efficient delivery has become a non-negotiable for consumers. In fact, some surveys indicate that as
MTN Foundation Funding 10 Women Tech Entrepreneurs in South Africa
The MTN Foundation is currently running its second edition of its MTN Women in Digital Business Challenge, pledging R1 million ($53,600) to empower female digital entrepreneurs in South Africa. It is aiming to help women grow their tech businesses and make their mark in the male-dominated ICT industry. Ten women have already been selected as
Nigeria plans to attend G20 summit and apply for membership
Africa's most populous country, Nigeria is planning to attend the G20 summit in New Delhi next weekend, with the consideration to apply to become a member of this group of countries, the presidency has announced. The country’s president, Bola Ahmed Tinubu has intensions to attend the summit in India, where trade, the global economy, climate
YouTube testing a games offering called ‘Playables’
YouTube is running a new experiment, and is selecting a number of users play online games as part of it. These games can be accessed on both desktop and mobile, and the will be found in a new “Playables” section on YouTube’s home feed. This is a confirmation of a report that was previously released
Tencent planning to reveal AI chatbot
The Chinese internet giant Tencent Holdings has revealed that it has plans in place that it will be soon unveiling an artificial intelligence chatbot. Taking to social media, the company posted a demo conversation a user had with the AI chatbot, which helped the user write promotional materials. This is taking place not long after
Zoom updates AI-powered tools
Zoom is working is currently working on updates and renaming some of its artificial intelligence (AI) powered tools, including its generative AI assistant, that was previously known as Zoom IQ. At the current moment, the assistant now runs as the AI Companion and uses the same combination of technologies as Zoom IQ — namely, the
Volkswagen releases its electric Golf GTI concept
Volkswagen has released the electric version of the greatly loved Golf GTI at the 2023 Munich Auto Show, dubbed the ID.GTI. Reports by Digital Trends have revealed that the concept car is based on the ID.2all, which is another concept car that was first unveiled in March 2023, which the automaker plans to launch in