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Honor plans to descend on SA’s foldables market
As the flagship smartphone segment to encompass foldable smartphones continues to expand, South Africa is becoming a favoured destination to launch these devices. One of the Chinese smartphone brands, Honor, is planning to bring its latest device to South Africa next year, the foldable Magic V smartphone which debuted at Mobile World Congress 2023. The
BRICS GDP set to increase by 36% after the expansion
The new expectation for the Gross Domestic Product of BRICS is 36 percent of global GDP and 47 percent of the world population. This is coming after there was an announcement of the six nations to the BRICS bloc. The president of South Africa, Cyril Ramaphosa made the announcement saying: “We have decided to invite
Eskom lost R5 billion loss in space of 3 months
In the first quarter of the 2023/24 financial year that ended June 2023, Eskom reported a R5 billion loss before tax. The revelation came from Eskom’s unaudited quarterly results that were presented to the Standing Committee on Appropriations on Tuesday the 29th of August. The company’s net revenue went up to R70.9 billion for the
Cell C looking to grow revenue to R26 billion
Jorge Mendes, the new CEO for Cell C has revealed that they have plans on the pipeline to reach 15% revenue market share in South Africa to become sustainable, which will require a big jump in revenue. In a media briefing this week, Mendes said the telecoms company will be shaking up the South African
Ellies acquisition of Bundu Power gets green light from Competition Commission
Reports have confirmed that the Competition Commission has unconditionally approved Ellies’ proposed acquisition of Bundu Power. Having a lot that was riding on the deal, this is a major milestone for Ellies. The company highlighted the importance of this deal in its annual results that were released at the beginning of August. Ellies had reported
Early Apple computer ad handwritten by Steve Jobs sells for R3.3 million
Handwritten by Steve Jobs, a draft for an advert for the Apple I computer has sold at auction for $175,759 (R3.3 million). According to the RR Auction listing, the piece of paper was expected to make no more than $30,000 (R560,349). It is said that the final bid was nearly six times higher than the
Adumo empowering SME growth through digital payments
It is always very important for merchants to embrace fintech solutions as a safeguard against the challenges posed by fluctuating trade cycles across different industries in today’s business landscape. Adopting innovative financial technologies means that merchants can effectively mitigate the risks associated with inadequate cash flow management, thereby fortifying their resilience and stability in the
MTN impacts South African economy more than its profit
One of the main findings of the new True Value Assessment Report that MTN South Africa released on Friday is that it contributes R76-billion, 17 times its profit, to South Africa’s economy. The metric of “true value” comes from a methodology devised by consulting firm KPMG, which MTN partnered with in an effort to quantify
TymeBank introduces free transactions with PayShap
One of the latest financial services institutions to offer instant payments through PayShap is TymeBank, which is South Africa’s real-time digital settlement platform that doesn’t require users to share their account details. Unlike other banks, though, TymeBank has promised not to levy a fee on PayShap transactions. In a statement, the bank mentioned that this
The HUAWEI nova 11 Pro Review
Huawei gave us the great chance to have a look at its latest member of the nova family, which is the HUAWEI nova 11 Pro. Going along with #daretostandout theme, this phone is unique and definitely stands out from other smartphones. It has a beautiful high dynamic display design, giving you the best viewing experience.
Gmail to introduce AI tools for R550/month
Google has revealed that it has plans in place for making its suite of artificial intelligence-powered tools available to corporate Gmail accounts at an additional cost of US$30/month (R550/month) per person, the Wall Street Journal reported on Tuesday (paywall). Reports reveal that the announcement will be made by Google Cloud CEO Thomas Kurian at the
Standard Bank CEO says South Africa losing out to Africa
South Africa is currently losing its competitive advantage over the rest of Africa, with its risk premium deterring investment and making it harder to raise capital to stimulate economic growth. Talking to Newzroom Afrika, Standard Bank CEO Sim Tshablala said the of the bank’s interim results that South Africa is falling behind the rest of
Arrie Rautenbach’s salary at Absa amounts to $2.4 million
Arrie Rautenbach who is the CEO of Absa Group, which is one of the most diversified financial services providers in Africa, received a total compensation of R44.78 million ($2.41 million) for his excellent work at the helm of the leading lender in 2022. This shows a significance of the notable rise of 15.5 percent compared
Tesla working on a Supercharger station with drive-in movie theatre
Teslarati has reported that the electric car company, Tesla has received approval to build a Supercharger electric vehicle charging station with its own diner and drive-in movie theatre in Los Angeles. The official approval documents that the publication received came from the city’s Department of Building and Safety. Initially, Tesla’s application was submitted in November
Minister Kgosientsho Ramokgopa says South Africa’s electricity is ‘albatross’
According to the electricity minister, as the government takes steps to stabilise the grid, the South African electricity distribution system is “an albatross” beset by fighting between the national power utility and municipalities. Eskom, the state-owned company has focused on improving the performance of the mainly coal-fired power stations that have become unreliable due to
MTN looking to offer funeral insurance through WhatsApp
MTN South Africa has made an announcement that it is pushing deeper into financial services, revealing that it will be offering “budget-friendly” funeral cover to South African consumers. The company also revealed that under its new Khava brand, MTN’s prepaid funeral insurance is the first of a range of insurance products designed for the local
Paycorp improves Financial Inclusion in South Africa
The prominent payment solutions provider, Paycorp, has received clearance from the South African Reserve Bank (SARB) as a direct clearing system participant. The accreditation gives power to the company to directly process payment transactions within the National Payments System through BankServ Africa and internationally via its primary memberships with Visa and MasterCard. Paycorp functions as
(SPONSORED) Car Insurer’s Advice: What to Do if You’ve Been in a Car Accident?
If you are ever involved in a car accident, no matter how minor or serious, car insurers stress the importance of keeping your perspective and following a set of procedures in order to file a successful car insurance claim and to stay on the right side of the law. Budget Insurance recommends taking the following
RISING FROM TOWNSHIP ROOTS TO TOP TECH POWERHOUSE: THE INSPIRING JOURNEY OF AMOHELANG LEBELE
From modest beginnings in the heart of one of South Africa's largest townships, Amohelang Lebele’s resilience and determination has culminated in a position at one of the world’s most powerful cloud computing platforms. Instead of faltering in the face of adversity, Lebele thrives on challenges, a testament to her tenacity and can-do attitude. The more
Small companies beware: Cyber-attacks are inevitable
The recent cyberattack on Microsoft serves as a stark reminder that no organisation, regardless of its size or industry, is immune to cyber threats. Even small businesses, often assuming they are less attractive targets, are actually vulnerable. But what are the specific challenges faced by small businesses, and how can you make smart investments in