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Tobacco sales in Malawi increase by 55% increase this season
The tobacco regulators in Malawi have revealed an increase of 55% in the sale of the product amounting to $282 million compared to $182 million last year. Even though they are experiencing this increase, this year’s sales are still lower compared to previous years when they hit over $350 million. The Southern African country lacked
MTN sells stake of R99-billion fintech business to Mastercard
Africa’s biggest wireless carrier, MTN has revealed that the second-largest payment-processing corporation worldwide, Mastercard has agreed to take a minority stake in its financial-technology business, valued at $5.2 billion (R98.71 billion) by the company. MTN has not yet revealed the actual value of the deal, but in a statement that was released on Monday, the
Sasol expecting 74% earnings drop because of failing SOEs
Sasol has revealed to its shareholders that the expectation on its basic earnings per share is a decrease by between 74% to 84% for its 2023 financial year. Sasol said its year-end financial results for the 30th of June 2023, were impacted by “operational challenges and a volatile global economic landscape”. The landscape that is
BRICS aiming to advance Global South interests, not compete with West
What the BRICS group of emerging market powers is aiming to do, is promote the interests of the developing world and isn’t in competition with any other bloc. At a conference at Bloomberg’s Johannesburg office on Monday, Anil Sooklal who is South Africa’s ambassador to BRICS, “There’s an unfortunate narrative being developed that BRICS is
Keeping the lights on: Is it ethical to pay after a ransomware attack?
Ransomware attacks are on the rise globally, and this is affecting businesses and organisations around the world. The main causes of these attacks are compromised credentials and malicious email, and many victims choose to pay the ransom to recover their data and systems, but this comes at a high price and with ethical dilemmas. Should
Expanding Horizons: A Comprehensive Review of the 2023 Hyundai Grand i10 Launch
Many people think of Hyundai when they think of boldly styled crossovers and SUVs. However, it is important to remember that the brand's beginnings in South Africa were modest, with budget hatchbacks and sedans in the mid-1990s. The latest Grand i10 model honours this legacy by combining Hyundai's long-standing commitment to entry-level vehicles with modern
Absa expecting a higher GDP growth with no more interest rate hikes
Recently, ABSA upwardly revised its near-term GDP growth forecast for South Africa by 0.4 percentage points on the back of healthier-than-expected economic activity in the first half of this year. In its South Africa Q3 2023 Quarterly Perspectives, the bank revealed that it now forecasts real GDP growth of 0.7% in 2023. One of its
MTN exposing MoMo API to developers
MTN South Africa has revealed that it has rolled out a hackathon to challenge “skilled tech developers and innovators” to build solutions on top of its Mobile Money (MoMo) platform. Exposure of the MoMo application programming interface (API) to developers was a teaser for a possible future addition to a revamped MoMo platform by MTN
Google allows apps scan QR codes without developers having full camera access
Google has now featured a new code scanner in its latest APIs, allowing Android smartphones to make scanning QR codes from a distance easier The new feature is not yet available on any devices, however, Google is making APIs featuring the new QR code scanner available to developers. The new scanner is able to automatically
Zuckerberg promising a Threads web version in a few weeks
The CEO of Meta Platforms, Mark Zuckerberg, has made an announcement that the company is set to roll out a web version of Threads and add a proper search function to the platform. He mentioned that the new features are “coming in the next few weeks” and that he expects to build a “vibrant long
Implats expecting more than 20% earnings drop after RBPlat acquisition
Reports have revealed that Impala Platinum (Implats) has informed its informed shareholders about its expectations for its headline earnings per share (HEPS) and basic earnings per share (EPS) to decrease by at least 20% in its 2023 financial year. There were no specifications from the company in terms of its expected EPS and HEPS ranges
Chinese electric car start-up already beaten Toyota with mass-produced 1,000km batteries
Beijing WeLion New Energy Technology Co. is a Chinese maker of long-range electric vehicle batteries, including one capable of going 1,000 kilometres on a single charge, it has plans for going public no later than 2025 as it banks on automakers embracing next-generation cells in the race to overcome range anxiety. The company is a
Elon Musk offering to pay legal fees for workers treated “unfairly” because of tweets
The tech entrepreneur, Elon Musk is offering to pay the legal fees for any users of his social network, X, who’ve been discriminated against by their employer because of their actions on the platform. There is absolutely “no limit” on costs to this proposal and X Corp. is set to “go after the boards of
Randall Abrahams joins Telkom in an executive role
Reports have revealed that the 54 year old former Idols SA judge, Randall Abrahams, has joined Telkom as the group’s executive for digital solutions. Abrahams is set to manage the Telkom’s digital platform business that is located in the group’s technology division. Part of his responsibilities will be to drive digital strategy as well as
Don’t worry, AI won’t take your cybersecurity job
Will artificial intelligence (AI) take my job? This is perhaps one of the most important narratives today as organisations and individuals face a future that is dominated by this increasingly capable technology.SVP Content Strategy & Evangelist at KnowBe4 AFRICA, Anna Collard says the growth in fear has been mostly driven by the arrival of ChatGPT,
Vodacom shuts down speculations about Cape Town headquarters fire being caused by solar panels
Vodacom has given assurance that the fire that blasted out at its Cape Town headquarters was not caused by its rooftop solar panels. News about the fire started circulating on Sunday the 9th of July 2023, as people who were in Century City near the Canal Walk Shopping Centre posted videos and photos of it
The trade secret battle between Tesla and Rivian goes to court
With almost a dozen employees who worked for Tesla Inc. and left to join Rivian Automotive Inc., Tesla has taken a stand and those employees unfortunately cannot avoid a trial over claims in a trade secrets suit that they breached Tesla confidentiality agreements before they joined its upstart rival. On Wednesday, a state court judge
Facebook and Instagram blocking news in Canada
Meta Platforms Inc. is currently working on the process of ending news availability in Canada over a law requiring digital platforms to pay local news outlets. The California-based company has now backing its word by action following its threat to block news on Facebook and Instagram. This is taking place after the Prime Minister Justin
Standard Bank to shut Independent Media accounts
Standard Bank South Africa (SBSA) has reportedly issued letters to Independent Media and 30 other companies in the Sekunjalo Group, informing them of the closure of their business bank accounts on the 21st of August. A large number of major news outlets around the country such as The Cape Argus, Cape Times, Star, Daily News,
NLC Strike: e-hailing drivers shutdown Uber and Bolt apps from the 2nd of August
Reports have revealed that e-hailing drivers under the aegis of the Amalgamated Union of App-based Transport Workers Union (AUATWON) have threatened to boycott Uber, Bolt and other hailing apps from the 2nd of August so that they join the NLC strike. This is happening as a solidarity stand with the Nigerian Labour Congress, Nigeria’s organized