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Rand slams through R18/$ on dollar strength
The rand has taken a big hit this week as the dollar advanced, however, local analysts say that one of the things that may also be weighing on the currency are local factors, such as jitters over the EFF. This took place on Tuesday, and by late afternoon, the rand lost almost 1.5% against the
Skilled South Africans moving overseas
There has been a high rise in numbers with South African professionals leaving the country or applying to move abroad, causing a tremendous skills shortage. William Gumede, a professor from Wits gave a warning in June, that South Africa’s skills exodus had become a crisis with professionals of all races, ages, and parts of the
Elon Musk gives a global load-shedding warning
Elon Musk has recently given a warning about the world possibly facing electricity shortages due to increased power demand from the growing adoption of electric vehicles (EVs) and power-hungry technologies like artificial intelligence (AI). Reports from The Wall Street Journal reveal that the CEO of Tesla, which is the world’s biggest fully-electric car manufacturer, shared
Google’s business model distorts competition, CompCom finds
The Competition Commission (CompCom) has found out that Google’s dominance and business model distorts platform competition, since small and new platforms struggle for visibility and customer acquisition. In its recently published Online Intermediation Platforms Market Inquiry report, the competition watchdog said that in order to address this distortion, the remedial actions have focused on improving
Investec Property Fund set to change name
Investec Property Fund (IPF) has revealed that is working on changing its name and rebranding as ‘Burstone’. Recently, the company made an announcement that the name change is subject to approval by shareholders at a general meeting set to be held at the end of August. This is happening after a successful internalisation of the
Private Property and Property24 in trouble with Competition Commission
The Competition Commission came to a revelation that Private Property and Property24 impede competition and imposed strict new conditions on these property classifieds sites. These restrictions were a part of the Competition Commission’s Online Intermediation Platforms Market Inquiry Report that was released on Monday. It said the two companies are the dominant platforms in South
Rain retrenching employees
The Mobile network operator Rain, has reportedly retrenched dozens of employees as part of the transition of its Johannesburg offices from a headquarters into a regional branch, even though the company had previously promised that the change would not result in job losses. A close source with knowledge of the matter alleged that the company
South Africa and Botswana looking for funding for mega railway project
State-owned rail companies from the two countries, Botswana and South Africa are currently looking for funding for a R4.1 billion ($230 million) railway line between the two countries to transport commodities, including coal. The Mmamabula-Lephalale link will be running 113 kilometres and have a capacity of 24 million tonnes a year. It will be connecting
Powered by Microsoft Teams, Vodacom Business launches Vodacom Operator Connect
Vodacom Business is officially a certified Microsoft Teams Operator Connect partner in South Africa. What this does, is that allows the brand to launch Vodacom Operator Connect, which offers a more programmatic approach to provisioning, managing, supporting and billing Microsoft Teams services. Essentially, the service enables allows enterprises to use their chosen telecommunications provider to
The global cyber security skills gap creates a golden opportunity for young South Africans
Imagine a career that offers you high earnings, global opportunities, and constant challenges. A career that is in high demand and will never go out of style. A career that can make a difference by protecting people and businesses from cyber threats. Regional Director for Southern Africa at Fortinet, Doros Hadjizenonos, believes that young South
Nasa set to launch a streaming service
The National Aeronautics and Space Administration (Nasa), has revealed that it has plans in place for launching a streaming service later this year, called Nasa+. The platform will offer ad-free and no-cost streaming service, and it will be broadcasting live coverage of future launches, documentaries, and a new exclusive original series. Marc Etkind who is
Private security company in a battle to keep prison contract after Thabo Bester escape
The maximum security prison from which Thabo Bester escaped, Mangaung Correctional Centre, is owned by BCC, and the multinational security company G4S owns 20% of BCC while also being the main subcontractor in charge of operating the prison. G4S has been running the prison since 2001. Initially, the contract between DCS and BCC was supposed
Post Office stands a chance at a rescue
Business Rescue Practitioners for the South African Post Office (Sapo) think there is a reasonable chance that the state-owned entity can be rescued. According to a press release from the Post Office’s joint Business Rescue Practitioners Anoosh Rooplal and Juanito Damons, this was one of the outcomes of the first meeting of creditors. The said:
BBC’s Elias Monage rejects Transnet board appointment
Elias Monage, who is the president of both Steel and Engineering Industries Federation of Southern Africa (Seifsa) and the Black Business Council (BBC) has rejected to accept an appointment to serve as board member at Transnet. After attending the Russia Africa Summit conference of Brics which ended on Friday, he revealed to Sunday World that
Sam Altman’s Worldcoin token sky rockets on day one of trading
Co-founded by by OpenAI Chief Executive Officer Sam Altman, the token of the crypto project Worldcoin, took off and sky rocketed on its first day of trading on Monday as investors piled into the hype around artificial intelligence. Data compiled by CoinMarketCap data revealed that Worldcoin hiked as high as $3.58 from the initial price
Ackerman family loses $22-million in a space of two weeks
One of South Africa’s wealthiest families, the Ackerman family, has unfortunately suffered a huge blow on their fortune, when they experienced a substantial decline of nearly $22 million in a space of just two weeks. The setback is taking place due to the sustained decrease in the market value of their stakes in the prominent
Hackers invading Call of Duty lobbies with malware
Call of Duty: Modern Warfare 2 players are being attacked by hackers, who are infecting them with malware that spreads automatically in game lobbies. A Steam user gave warning to the players about the issue and posted a thread recommending a virus scan. The user wrote: “Make sure you have a virus scanner before using
Elon Musk enforces dark mode changes on Twitter
The owner and chief technology officer Elon Musk says it is “better in every way” for Twitter will offer dark mode only. Elon Musk revealed in a tweet on Thursday that the platform looks to ditch its “light” and “dim” options. Making the announcement, he said: “The platform will soon only have ‘dark mode’. It
MultiChoice launches DStv Streama
MultiChoice has made the announcement that it has made a major revamp of its smartphone apps, and that includes a name change from “DStv” to “DStv Streama”. Calvo Mawela who is the company’s CEO said in an email sent to subscribers on Friday that the update will be rolling out from the 1st of August.
United Nations making the call to ban smartphones in schools
The United Nations’ education, science, and culture agency, Unesco is calling for smartphones to be banned in schools to improve learning, reduce disruptions, and protect learners from cyberbullying. The agency revealed evidence in its report that shows that excessive smartphone use among learners was mostly linked to poor educational performance and impacted their emotional stability.