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PAYM8 is expanding its High in Demand E-Commerce platform
One of the biggest tech and financial gateway service providers, PAYM8, has made an announcement that it is expanding its e-commerce offering. This is taking place a response to the South African e-commerce market’s projected growth of 11.89% in the next five years, reaching a market volume of US$9.97 billion, roughly R75 billion, by 2027.
MultiChoice BEE shareholders to receive a combined R1.4-billion in dividends
MultiChoice South Africa’s black economic empowerment scheme Shareholders called Phuthuma Nathi, will be receiving a combined R1.4-billion dividend for the financial year ended on the 31st of March 2023, approved at the group’s AGM on Wednesday. Shareholders are going to be receive R20.37/share before dividend withholding tax (R16.30 after tax) in the first week of
Amazon’s Google Search ad redirects users to Microsoft Defender scam site
Malicious actors are using Google’s ad service to get browsers to click on what seems to be a legit Amazon advert, only to be redirected to a Microsoft Defender support scam, Bleeping Computer reports. The Microsoft Defender scam site states that the device is infected with ads(exe).financetrack(2).dll malware, and it locks the user’s browser. On
Microsoft integrates Python with Excel
Microsoft has made an announcement that it is integrating the popular programming language Python with Excel, allowing users to analyse data in Excel using Python plots and libraries. At the moment, the company is rolling out a public preview for users in the Microsoft 365 Insiders programme beta channel. Microsoft plans to roll it out
WeBuyCars launches an online car registration platform
South Africa's Number one Car Buying Service, WeBuyCars, together with with The Road Traffic Management Corporation (RTMC), is pioneering an online registration of motor vehicles and a change of ownership process. The online platform is offering an even more efficient method for motor vehicle dealers and financial institutions to transact directly with Natis. Now there
BRICS Bank looking to give loan to save Transnet
Founded by the BRICS bloc of nations, the New Development Bank (NDB) is is considering granting an R18 billion loan to Transnet to upgrade the utility’s locomotives and help its rail corridors run at full capacity. Reports from BusinessDay revealed that the bank aims to complete the transaction by the end of the year to
A Medupi built solely by South Africans
Building enough electricity generation to power two million homes in South Africa is something that can undermine the entire state. The Medupi and Kusile coal power stations began their work in 2007, and with some of the largest generators ever conceived, at 4.8GW each to be specific, have become emblems for the chronic problems plaguing
Flutterwave moves forward with IPO plans
Africa’s largest start-up at the moment Flutterwave is moving forward with plans for an initial public offering after making headway in resolving allegations of financial impropriety in Kenya so that it can access more and bigger international partners, its CEO said. One of the co-founders of the pan-African payments company, Olugbenga Agboola, pushed to the
Mobile RAN declines at its fastest pace in 7 years
The one thing that handles mobile communications, the global market for radio access networks has been declined at its fastest pace in almost seven years last quarter, according to a report from Dell’Oro Group, adding bad news to 5G equipment vendors already struggling with sluggish customer demand. As much as the markets were already expected
DMRE needing to account for delays to energy reform
The processing delay of the Electricity Regulation Amendment Bill that came to light last week seem to be appalling. Because of the apparent administrative bungling, the bill has not been properly tabled at parliament by the department of mineral resources & energy, so it has not started the process through committees to become law. It
State airline from North Korea makes first international flight after three years
The state airline from North Korea is back online and it has made its first international trip since the start of the Covid pandemic, in a sign of easing border restrictions that could repatriate its stranded nationals abroad and increase trade with its powerful neighbour. It has been indicated by flight data that an Air
BRICS looking to reduce dollar dependence
The South African Deputy President Paul Mashatile has revealed that the leaders of the BRICS nations will focus on ways to reduce dependence on the dollar when they meet this week. The BRICS bloc which include Brazil, Russia, India, China and South Africa, will also be discussing expansion at the summit in Johannesburg. A big
Woolworths looking forward to earnings boost after David Jones sale
Woolworths has made an announcement to its shareholders that it is expecting expects its earnings per share for the 2023 financial year to increase by up to 40%. The company released a trading update this morning regarding the 52 weeks ended 25 June 2023, wherein it provided the expected ranges for the change in total
YouTube experimenting AI music with Universal
YouTube has come together with Universal Music Group and a number of artists, including singer Rosanne Cash and producer Don Was, to experiment with artificial intelligence in the music business. The Music AI Incubator that is newly formed includes partners such as the rapper Yo Gatti and the estate of singer Frank Sinatra, and it
M-Pesa goes live in Ethiopia
Safaricom’s M-Pesa mobile money service has launched in Ethiopia this week, in order to boost Kenyan telecommunications operator since it is looking to kick-start growth in one of Africa’s biggest economies. Safaricom is part owned by South Africa’s Vodacom Group, and it went live with its voice and data network in the Horn of Africa
Investors have their eyes on Nvidia
Nvidia investors are currently expecting the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their main question is, by how much? Nvidia has played a huge role in the rise of ChatGPT and other generative artificial intelligence apps, virtually all of which are powered by its graphics processors. The
Standard Bank spent R11.2-billion on IT the first six months of 2023
Standard Bank Group has revealed that it has spent R11.2-billion in the first half of the year to 30 June 2023 on technology, including staff costs, a 12% jump over the same period a year ago, as it continues its wholesale shift from on-premises IT to the cloud. The company mentioned that it is continuing
FortiGuard Labs: Organisations detecting ransomware decline as the volume and impact of targeted attacks continue to rise
Derek Manky, Chief Security Strategist & Global VP Threat Intelligence, FortiGuard Labs “Disrupting cybercrime is a global effort that comprises strong, trusted relationships and collaboration across public and private sectors, as well as investing in AI-powered security services that can help overwhelmed security teams coordinate actionable threat intelligence in real time across their organisation. Security
X breaks images that were posted before 2014
Formerly called Twitter, X seems to have gotten rid of years’ worth of picture posted on the site before 2014, and links shared using the company’s built-in URL shortener around the time also aren’t working. The problem was revealed in a post by Tom Coates, who alerted that a famous selfie that was posted by
Eskom explores ‘Virtual wheeling’
Eskom has made an announcement that it is officially exploring a “virtual wheeling” mechanism which is set to facilitate greater electricity generation investment by the private sector and municipalities in South Africa. What wheeling is, is that it is a transaction between a private generator selling energy to a buyer through a power purchase agreement