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Breaking News Today – Friday 3 January 2025
Business & Tech News Tullow Oil Relief from Tax Assessment: UK based oil company, Tullow Oil, has issued a statement confirming the outcome of arbitration by the International Chamber of Commerce (ICC). Their ruling, has confirmed that the Branch Profit Remittance Tax (BPRT) does not apply to its operations in the Deepwater Tano and West
The African Billionaire Battle:
How the top African Billionaires Shaped-up in 2024 If you had a tough 2024, perhaps you can take some solace in the fact that there are successful Billionaire businessmen who were down by billions of dollars in nett worth at the end of 2024 compared to what they started with in January of 2024. While
Open Ai O3 – the Inside Track
OpenAI’s O3 model, announced in the past week is set to bring a fresh impetus to the AI industry with ground breaking improvements that will see a much higher performance standard set in the industry. The new model has been opened for free access to researchers for safety testing, (while not publicly available yet) until 10
Breaking News today – Thursday 2 January 2025
Business & Tech News Open AI Advances: Open AI's latest AI LLM, version O3, is taking the possibilities of what artificial intelligence can achieve to a new level. The new AI system provides enhanced reasoning, problem-solving, and safety, taking a big step forward from its predecessor, O1, that was launched only three months ago. The AI
Retirement Planning Part 2 – Strategies for Dealing with Deficits
The transition for most South Africans into their retirement life is not as easy as they anticipate with only 6% of retirees holding sufficient savings to retire comfortably, according to Old Mutual’s OnTrack™ Research. Most importantly financial freedom has become a difficult to reach summit for most who face a very different reality. The primary
Breaking News today – Tuesday 31 December 2024
Business & Tech News China’s Production Output Grows in December: China's NBS Composite PMI Output Index saw an increase of 1.4 points to 52.2 in December 2024 from 50.8 in the previous two months. This is the highest reading since March 2024. The latest result followed a slew of stimulus measures initiated by the Chinese
African Angel Investment Trends Reflect a Cautious Approach
A recent survey conducted by the African Business Angel Network (ABAN) reveals that 77% of angel investors in Africa allocated less than $25,000 to startups between 2022 and 2024. This pattern highlights a cautious and risk-averse approach within the continent's growing startup ecosystem. The findings, based on responses from over 110 angel investors who actively
Wits Planetarium to Reopen as the Largest Digital Dome in Sub-Saharan Africa
Johannesburg is set to welcome back a beloved landmark with a cutting-edge transformation. Early next year, the Wits Anglo American Digital Dome, formerly known as the Wits University Planetarium, will reopen its doors as the largest planetarium in sub-Saharan Africa. With a fully modernized digital dome, visitors can look forward to awe-inspiring visual journeys through
AfDB Invests $10 Million in ARM-Harith Fund to Drive Sustainable Infrastructure and Energy Transition in West Africa
The African Development Bank Group (AfDB) has announced a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund. This strategic initiative is set to enhance access to reliable electricity, modern transportation infrastructure, and energy-efficient technologies in Nigeria and across the broader West Africa region. Highlighting the significance of the investment, Wale Shonibare,
PBR Life Sciences Secures $1 Million to Revolutionize Healthcare Data Analytics in Africa
PBR Life Sciences, a healthcare data analytics company with backing from Techstars, has successfully raised $1 million in pre-seed funding. The fresh capital will fuel the company’s efforts to enhance its AI infrastructure and expand its footprint into Ghana and Kenya, signalling a significant step forward for the firm. The funding round attracted notable investors,
Facebook Phishing Scam Targeting Business Accounts
Digital security professionals, have uncovered a new phishing scam targeting businesses that promote their Facebook pages. Scammers send emails mimicking official emails that are allegedly sent on behalf of Meta for Business – Facebook’s platform for businesses. These claim the business page contains prohibited content. The email then suggests users provide explanations in order for
Retirement Planning Part 1 – Setting the Scene
Retirement can seem far off for those in their 30’s and 40’s who are establishing themselves in careers and starting families and perhaps businesses, which may take their focus away from what are critical issues for safe-guarding their future financial well-being. This often results in major deficits in income when one gets to retirement age
Breaking News today – Monday 30 December 2024
Business & Tech News Suez Canal Extension Completed Boosting Shipping potential: In a new development on the Suez, that Egypt hopes will boost more cargo volumes, Egypt announced over the weekend that they had successfully tested a new 10 km channel near the southern end of the Suez Canal. Egyptian President Abdel Fattah el-Sisi, had
Economic Outlook for South Africa and Southern Africa 2025
When South Africa, one of Africa’s largest economies contracts, the impact is often felt throughout the Southern African region and 2024 has seen constant headwinds with little growth in economic activity, with the gross domestic product (GDP) experiencing a decrease in the third quarter of 2024. The Reality Real GDP contracted by 0.3% following a
Mzansi Clean Energy Capital at the forefront of clean energy solutions for Affordable Housing
In a world increasingly focused on sustainable development, Mzansi Clean Energy Capital is making notable strides toward a cleaner, more equitable future. Founded by the visionary Jackline Okeyo, Founder and CEO of Mzansi Energy, Mzansi is a forward-looking clean utilities fund dedicated to driving investments in utility infrastructure projects. In conceptualising the fund, Jackline drew
Breaking News today – Friday 27 December 2024
Business & Tech News Suez Canal Revenue Crash for Egypt: Egyptian President Abdel Fattah al-Sisi, on Thursday confirmed that pirate activities and ship attacks, in the Red Sea and other regional geopolitical challenges, had cost Egypt around $7 billion in revenues from the Suez Canal in 2024. Egyptian water portage revenues in the Suez Canal,
Market Update 26 December 2024:
US Treasury Yield Up: The yield on the 10-year US Treasury note rose to about 4.62%, hitting its highest level in just under seven months, as markets continued to assess the Federal Reserve’s monetary policy outlook on rate cut slow-down. Median projections by FOMC members indicated that policymakers expect fewer rate cuts than previously anticipated.
PAST urges public support for our shared ancient heritage this festive season
The Paleontological Scientific Trust (PAST) invites the broader public to show support for palaeo-sciences by engaging in and fostering palaeo-tourism, especially during this holiday season. By visiting palaeontological sites and exhibitions across the country, the public can play a crucial role in sustaining these vital areas of study, which in turn will lead to the
FNB collaborates with PEP to offer 155000 school shoes vouchers for only 99c
FNB eBucks has officially announced its exciting collaboration with South African retailer PEP to offer customers 155 000 vouchers for Student Prince synthetic school shoes for 99 cents at any PEP store nationwide. Customers can also opt to get R129 off any pair of school shoes with a higher price point such as Toughees leather school shoes.
Breaking News today – Tuesday 24 December 2024
Business & Tech News Honda, Nissan and Mitsubishi Merger Talks Announced: Honda and Nissan announced on Monday that they were discussing a potential merger, with Mitsubishi Motors, which currently holds a 34% stake in Nissan, also potentially looking at joining the merger deal. Should the merger deal proceed, the combined entity could be valued above