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Telkom Takes Legal Action Against Postbank Over Unpaid R70 Million Settlement
Telkom, the partially state-owned telecommunications company, has initiated legal proceedings against Postbank for failing to comply with an arbitration ruling that mandates a R70 million payment. The dispute stems from a breached settlement agreement concerning an Oracle software deal. According to a report by City Press, the arbitration process concluded on 29 January 2025, with
Club Med South Africa Beach Resort on Track for 2026 Opening
Construction of the highly anticipated Club Med South Africa beach resort is well underway, with progress moving smoothly since breaking ground in March 2024. The resort is set to open its doors in July 2026, promising a world-class, all-inclusive vacation experience on the scenic north coast of KwaZulu-Natal. A development spokesperson confirmed to BusinessTech that
Breaking News today – Tuesday 18 February 2025
Business & Tech News DeepSeek Banned in South Korea South Korea has issued a ban on any new DeepSeek downloads with concerns of personal data safety expressed by the authorities. The recently launched Chinese AI chatbot model DeepSeek was launched recently, however there have been various concerns about its collection and use of personal data.
Hewlett Packard Enterprise Unveils Next-Gen HPE ProLiant Compute Gen12 Servers
Hewlett Packard Enterprise (HPE) has announced the launch of eight new HPE ProLiant Compute Gen12 servers, marking a significant advancement in enterprise computing. These next-generation servers introduce industry-first security enhancements, optimize performance for complex workloads, and leverage artificial intelligence (AI) to improve productivity and management capabilities. Equipped with the upcoming Intel Xeon 6 processors, these
Nigeria Partners with Google to Drive AI and Digital Innovation
Nigeria is poised to take a significant leap in artificial intelligence (AI) and digital innovation through a new partnership with Google. President Bola Tinubu announced the collaboration via his official X handle following a meeting with Sundar Pichai, the CEO of Google and Alphabet, in Paris, France. The strategic alliance will focus on five key
Mistral Expands AI Reach with Arabic-Focused Model Saba
The next major leap for large language models (LLMs) could be a geographic one. Paris-based AI startup Mistral, known for its ambitious competition with U.S.-based AI leaders like OpenAI and Anthropic, has introduced a new model specifically tailored for Arabic-speaking users. Mistral’s latest release, Mistral Saba, marks a strategic pivot towards the Middle East. This
Taager Secures $6.75 Million to Expand Social E-Commerce Footprint in MENA
Taager, a leading social e-commerce platform, has successfully raised $6.75 mion in a Pre-Series B funding round, spearheaded by Africa-focused growth fund Norrsken22. The oversubscribed round also attracted investments from Endeavour Catalyst, Beltone VC, and existing backers, including 4DX Ventures, RAED Ventures, BECO Capital, and Breyer Capital. Originally founded in Egypt in 2019 and now
Anglo American Platinum Announces R15.7 Billion Payout as Parent Company Prepares Exit
Anglo American Platinum (Amplats) has declared an additional cash payout of R15.7 billion as it moves closer to separating from its parent company, Anglo American, later this year. The latest dividend brings Amplats' total shareholder payout for 2024 to R71.75 per share, the Johannesburg-listed company confirmed in a statement on Monday. "This is the most
Budget Speech Preview – Expect a Tax Shock This Week
The South African government is set to raise a broad range of taxes according to most market analysts and those insiders “in the know”. With the Government currently increasing debt to GDP levels above manageable levels, and showing a shortfall on anticipated tax collections, as well as dismal GDP growth, it is unlikely that this
Breaking News today – Monday 17 February 2025
Business & Tech News Japan Sees Growth in GDP: The Japanese economy showed a better than anticipated growth in the fourth quarter of 2024 and grew by 2.8% on an annualized basis. On a quarter-to-quarter basis, the world’s fourth largest economy grew 0.7% for its third straight quarter of growth. The growth in Q4 was
BMW South Africa with Innovative Plan to Reduce Vehicle Prices and Boost Sales
The Automotive industry in South Africa is a complex one with multiple incentives offered by the government to entice Auto manufacturers to invest in manufacturing in the country. There have been significant gains for the country by doing this, including the sector growing into one of the country’s main economic sectors, contributing over 4% to
SYSPRO extends its niche ERP solutions offering
SYSPRO has announced the expansion of its niche ERP solutions through their Africa Regional ISV Referral agreement with expert DATASCOPE WWS. With a global footprint and a 20-year track record in enterprise warehouse management solutions, DATASCOPE has a longstanding business relationship with SYSPRO. Its specialist warehouse management offering has widespread industry adoption and a reputation
TCL Announces Vodacom Bulls Partnership, Uniting Technology and Sport
Johannesburg, South Africa – 14 February 2025 – TCL Electronics, a global leader in consumer technology and the world’s No. 2 TV brand, proudly announces its partnership with the Vodacom Bulls, one of South Africa’s most successful rugby teams. This collaboration marks an exciting step for TCL in expanding its presence in sports, further connecting fans with the
MANZI Water Expands Its Reach with New Outlet and Innovative Refill Stations
MANZI Water is making significant strides in its mission to provide safe, clean, and affordable drinking water across South Africa. Since its launch in 2023, the brand has rapidly expanded, now boasting over 100 outlets nationwide. As part of its continued growth, MANZI Water is excited to announce two major developments: a new outlet in
MTN Introduces SuperFlex
South Africans have spoken, and MTN has answered with a bold, customer-first approach. After gathering extensive feedback and real-world insights, one thing became clear: consumers want mobile plans that are simple, flexible, and designed to meet their unique needs. Enter MTN SuperFlex—a revolutionary offering that puts users in complete control of their mobile experience. SuperFlex
Cloud23 – Driving AI inclusion in Africa
While AI developments are proliferating around the world, there are several concerns around AI development in Africa. The hurdles to achieving rapid AI growth and development in Africa include a lack of sophisticated IT infrastructure for most of the continent, plus a lack of energy supply to power the large computational power required, and a
Breaking News today – Friday 14 February 2025
Business & Tech News Apple’s Tim Cook Teases over iPhone Launch Mobile phone innovators Apple have been talking about its new phone for some time with a lot of interest in the market around when the iPhone SE 4 will be launched. Apple CEO Tim Cook finally gave iPhone fans a clue yesterday when he
Mondelez South Africa Strengthens Retail Partnerships and Elevates Customer Experience
Unathi Mhlatyana, Managing Director of Mondelēz Southern Africa, alongside Amelia Vorster, Customer Services and Logistics Director, underscores the importance of delivering on commitments to both retailers and customers. Ensuring reliability and consistency is fundamental to fostering business growth and long-term partnerships. The latest Salesforce State of the Connected Customer Report for South Africa reveals a
Breaking News today – Thursday 13 February 2025
Business & Tech News Global Tech Stocks Spiking: This week has seen several Tech Giant’s share prices spike with Meta hitting a two-week long growth after a dip last month when the Chinese DeepSeek AI was launched. The stock prices have grown by over 53% in the last year and by almost 18% in the
Time to Go with the Flow?
Digital Advertising revenue in South Africa has grown significantly and has recently reported eclipsing Television advertising. In 2023 the IAB report indicated that digital advertising accounted for 39% of all advertising revenue, up from 36% in 2022. While there has been a distinct growth in creative use of digital advertising the real impact comes from