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Transnet collapse putting R200 billion industry at risk
The collapse of Transnet’s rail corridors has forced miners to transport their minerals to South Africa’s ports via trucks. However, the decline in the price of many minerals has become unviable for local miners, threatening their businesses. A lot of South African CEOs for the mining companies have bemoaned Transnet’s lacklustre performance, with Exxaro’s Nombasa
School girls at FGGC Sagamu built an AI robot called Kiki-Saggy
Girls from a secondary school, Federal Government Girls’ College (FGGC) Sagamu in Ogun State, have built an AI robot called Okikiola-Sagamu, also known as Kiki-Saggy. The project which involved 10 students and a few staff members was unveiled to the Permanent Secretary of the Federal Ministry of Education, David Adejo Andrew, in Abuja. The students
d.light secures $125m funding to meet Africa’s increasing renewable energy demands
The global provider of transformational household products and affordable finance for low-income households, d.light has gone to make an announcement that it has secured a $30 million securitization facility from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the capability to purchase up to $125 million of receivable assets. The
Uber facing severe challenges in South Africa
At the current moment, Uber is facing severe challenges in South Africa, including cars in a dilapidated state, bad drivers, frequent cancelled trips, driver strikes, and passengers being attacked and robbed. Launched in Johannesburg, Pretoria, and Cape Town in 2013, Uber was offering exceptional services. The cars were top-notch, the drivers were professional and well-trained.
Exxaro experiences over 30% in profit drops
The net operating profit for the first half of this year for Exxaro went down by 32% because of a bearish coal market, price declines, and lacklustre rail performance in South Africa. Exxaro released its results for the six-month period ended 30 June 2023, but before it released the results, the company informed shareholders that
Nigeria's NNPC obtains a $3 billion loan for stabilising the foreign exchange market
The country with the biggest economy in Africa, Nigeria has been working to increase its reserves and stop the decline of its currency, which has now fallen to record lows on the black market two months after trading restrictions were loosened on the official market. After meeting with with President Bola Tinubu to examine methods
Tesla says data breach affecting over 75,000 people was “insider wrongdoing”
The data breach in May at Tesla Inc. impacted more than 75,000 people, and included employee-related records and was a result of “insider wrongdoing,” according to a notice posted by the office of the Maine Attorney General Friday. The total number of people that were affected by this was 75,735, including nine residents of Maine.
‘Broken’ solar panels specifically manufactured for South Africa
Reports have confirmed that a European company purposefully produces solar panels with broken corners and cracked glass to make them less attractive to criminals in South Africa. The executive director at the Southern African Agri Initiative (SAAI) and founder of Son SA, Theo de Jager is the one that made this revelation during an interview
South Africa in need of R140 billion to stop water infrastructure collapse
In order for South Africa to replace its ageing bulk water infrastructure it will need R140 billion, and take R1.4 billion annually to maintain, with the private sector increasingly unwilling to fund due to poor local governance, unreliable payments, a lack of skills, and complex municipal processes. Dr Valerie Naidoo who is the executive manager
Airtel Africa CEO Olusegun Ogunsanya sells 666,174 shares
One of Africa’s leading telecoms companies, Airtel Africa has made an announcement for a sale of 666,174 ordinary shares by its CEO, Olusegun Ogunsanya. Carried out on the 4th of August at the London Stock Exchange (LSE), the deal involved the sale of 666,174 shares at the rate of £1.37 per share. Ogunsanya gained £757,
South Africa produces first-ever electric taxi
Even though South Africa is struggling with a major load-shedding crisis, but that doesn’t seem to be stopping its transition to green energy. A group from government-owned Stellenbosch University (SU) is currently testing what could become the country’s first-ever electric taxis. The expectation is for the taxis to travel for up to 120 kilometres before
Musk decrees there will be no more user blocking on X
X, formerly known as Twitter, is going to remove the protective feature that lets users block other accounts, owner Elon Musk said on Friday in another controversial move for the company he bought last year. The point of having the block function on X, is so that users can restrict specific accounts from contacting them,
KnowBe4’s Anna Collard scoops international women in cybersecurity award
Anna Collard, SVP Content Strategy & Evangelist at KnowBe4 Africa, last week won the People’s Choice Award at the prestigious Cybersecurity Woman of the Year awards in Las Vegas. The Cybersecurity Woman of the Year award ceremony recognises and celebrates exceptional women in the cybersecurity industry for their expertise, leadership, and impact. This year’s competition
Takealot rolling out 1-hour delivery service trial
Takealot has revealed that it is currently rolling out a new 1-hour on-demand delivery service trial in Cape Town’s northern suburbs. Called TakealotNow, the service is going to be available in Durbanville, Bellville, Brackenfell, Kraaifontein, Kuilsriver and Parow. It plans to add additional areas soon. A wide range of curated products are available for 1-hour
Telegram now featuring Stories for all users
The Stories feature on Telegram has always been reserved for Premium users, but now it is expanding to everyone on the platform. Announcing in a blog post, this expansion coincides with Telegram’s 10th birthday, and the company says Stories is “by far the most-requested feature” in the company’s history. Launching Stories for paid users in
The CFO of Cell C resigns
Cell C has revealed that Lerato Pule, its chief financial officer, has resigned. Confirming in a statement sent to MyBroadBand, the company said Pule is “taking up another opportunity”. Cell C has not announced a replacement, saying the company will still begin the process of identifying a successor, but it said over the next few
World Bank denies new funding to Uganda over anti-gay law
The World Bank has made a revelation that it will not be considering new loans to Uganda after the East African country earlier this year enacted an anti-gay bill that rights groups and others have condemned. In May, the World Bank had deployed a team to Uganda after the law was enacted and determined that
Get rewarded with cash back even if you claim on your insurance
Car and home insurer, Momentum Insure, is bucking the trend with their newly launched cashback programme – Safety Returns – that rewards clients who take steps to ensure their safety and that of their loved ones. “It may seem unconventional, but we want to encourage South Africans to be safe and to reward them for
X makes X Pro (formerly called TweetDeck) a subscriber-only product
Formerly known as Twitter, the Elon Musk-owned social network X, has made X Pro, previously called TweetDeck, a subscriber-only product. A number of users also took to the platform to note the changes, all while trying to access TweetDeck they were shown a popup prompting them to buy a Blue subscription. The changes are not
Tesla launches cheaper Model X and Model S options with less range
Tesla has launched a cheaper Model X and Model S options with less range. The automaker revived the “standard range” trim level on its two most expensive models, which cuts $10,000 from the price and around 80 miles from the EV range. With the latest option, the Model S is now available with a starting