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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

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
