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Chill Beverages and Inhle Scores in Sale to Alterra Consortium
28 October 2024: Standard Bank has announced today, that it has acted as sole financial advisor to Chill Beverages and Inhle Beverages, a company currently owned by Old Mutual Private Equity and the company’s Management team, on the sale of the business to Alterra Capital Partners, Mineworkers Investment Company (MIC) and Admaius Capital Partners. Chill
AI Business Tools – AI Meeting assistants
What are AI Meeting Assistants and Notes? AI meeting notes, refer to the use of artificial intelligence AI business tools that automatically record, transcribe, and summarize key points from meetings. The top AI meeting assistants provide notes that capture everything discussed, including decisions made, actionable items and delivery dates and responsibilities, and can important highlights. AI meeting
Cybercrime threatens the survival of South African small businesses
As small businesses in South Africa increasingly embrace digital transformation, the risk of cybercrime looms larger than ever. According to Accenture’s Cost of Cybercrime Study, 43% of cyberattacks globally target small businesses, which are often viewed as easy targets due to limited cybersecurity infrastructure. Faiez Hartley, Head of IT at Business Partners Limited, warns that
Barter to Blockchain: The Dynamic Evolution of Payment Technologies
The evolution of payment methods both reflects and enables the development of human commerce, culture and technology. From ancient bartering systems to modern digital transactions, the way people exchange value has undergone significant transformations. Today, the evolution of payment technologies continues to reshape the landscape of global commerce, with digital wallets emerging as a pivotal
The Next Era of Lenovo Neptune Water Cooling Arrives to Efficiently Power NVIDIA
Powering a new era of efficient computing for generative AI, recently at its annual global innovation event, Tech World, Lenovo unveiled the ThinkSystem N1380 Neptune — a 6th generation vertical liquid cooling breakthrough. Rolling out across the company’s partner ecosystem, the Lenovo innovation enables organizations everywhere to build and run accelerated computing for generative AI while reducing data center
New study: Government GenAI optimism may be outpacing ability to deploy
A new global study, Your Journey to a GenAI Future: A Strategic Path to Success for Government from SAS and Coleman Parkes Research, reveals that government agencies lag well behind other sectors in the adoption of generative artificial intelligence (GenAI). However, 60% of government respondents believe GenAI will drive innovation, and those that have begun using it
Breaking News today – Monday 28 October 2024
Business & Tech News World Bank – $41 Billion in Climate Funding Unaccounted for: In a stunning revelation on climate action funding, a study by Oxfam has found that in the financial accounting on its climate change projects, for the period of 2017-2023, the difference between, actual expenditure on the Bank’s projects differ from amounts
HONOR Magic7 Series to Introduce Autopilot AI for Mobile
Global technology brand HONOR officially announced that its upcoming Magic7 Series will be powered by the revolutionary Snapdragon® 8 Elite Mobile Platform from Qualcomm Technologies, Inc. At Snapdragon Summit 2024, HONOR revealed its plans to develop an AI-first ecosystem. On stage, HONOR showcased groundbreaking AI features coming to the Magic7 Series, including the industry's first on-device AI Agent for an
My Safe Space surveillance tech set to revolutionise SA school safety
With school-related incidents of crime and violence becoming increasingly commonplace in South Africa, the My Safe Space initiative aims to make schools a safer space for learners, educators and communities through the use of sophisticated, internet-based surveillance technology. My Safe Space is founded by James Dalton, former Springbok rugby legend, and in partnership with the
Real Estate – Defies Expectations As The Sector Demonstrates Stability Across Subsectors In Africa
During the height of the Covid-19 pandemic there was lot of talk around the end of the traditional office work. As the largest African bank by assets, operating in 20 African countries, Standard Bank’s data reveals that the real estate industry has been relatively resilient and performing well post the pandemic and the high interest
AI Impact – Reality or Illusion?
There is a deluge of AI information and projection of its impact in the economy that is thrown around the pages of business publications and discussed at length at business forums and summits, to the point where it is hard to distinguish the truth between the talk and the reality. Introducing Len Pienaar As always,
Breaking News today – Friday 25 October 2024
Business & Tech News Egyptian Survey Suggests Growth: According to the findings of a new economic poll, the Egyptian economy is likely to see growth of at least 4.0% by June 2025, as it begins to emerge from austerity measures linked to an International Monetary Fund (IMF) program. The poll, by Reuters, that was conducted
Understanding your rights and obligations under the Cybercrimes Act
An integral aspect of businesses' data and information protection processes With the latest Cybercrime stats indicating that Cyber-attacks are increasing in 2024 at an unprecedented rate, and with several large institutions having breaches reported this year Cybercrime is not a trifling thing and businesses are need to ensure that they are prepared. South Africa, has
Discover the AI inside of TCL TVs
Artificial Intelligence (AI) may be the most popular technology in the news right now, but manufacturing giant TCL is already offering tangible products that leverage AI that you can experience today. The company’s C655 QLED TV – available in 65, 75, and 85 inch options – is powered by an AiPQ PRO PROCESSOR which brings
Private Equity Report Highlights Growth
A new report from Barclays Private Bank has revealed that private equity continues to lead private markets amid growing interest from private wealth investors. The report indicates that Private Equity (PE) funds have captured a record 50.5% of private capital fundraising in the year-to-date, and that Family offices and private wealth investors are increasingly following institutional investors as interest in Private Markets grows. Amol Prabhu, CEO of South Africa and Market Head of Africa at Ba
Bolt Observes Transport Month with Safety Awareness Activation at the UJ
As South Africa marks Transport Month this October, Bolt, the leading mobility company, recently hosted a safety student event at the University of Johannesburg to educate students about the safety features available on the Bolt app. The event was part of Bolt’s continued commitment to promoting safer and more accessible transport for all South Africans,
Nigerian Government Partners Ericsson on 5G potential
The Nigerian Government is partnering with Ericsson to develop the potential of 5G connectivity in Nigeria. A new memorandum of understanding (MoU) was signed during an October 18 Federal Republic of Nigeria government delegation visit to Ericsson’s Global headquarters in Sweden, headed by Vice President, Kashim Shettima. The purpose of the MoU is to establish
Kaspersky joins efforts with INTERPOL to counter cybercrime during the 2024 Olympics
Kaspersky has contributed to tackling fraudulent schemes surrounding the 2024 Summer Olympic Games in France by sharing threat intelligence data with INTERPOL as part of Project Stadia. The initiative is designed to ensure the cyber safety of major international events, including sporting tournaments, cultural, social, and religious gatherings, as well as conferences. Cyber experts addressed threats
Vodacom launches New RED VIP Flagship Plans
Vodacom South Africa is excited to announce the launch of its new RED VIP flagship plans, designed to offer customers additional value and a host of new features and benefits. These plans are tailored to meet the evolving needs of our customers, ensuring they stay connected on South Africa’s most reliable network. Vodacom launched these
New Epson lineups reimagine what technology can do for consumers and businesses
Epson has announced a series of groundbreaking technology solutions designed to elevate the experiences of consumers and businesses across South Africa. The latest offerings embody Epson's commitment to care and craft, delivering high-quality and eco-conscious solutions in the printing, scanning, visual display, manufacturing, and lifestyle categories. The announcement follows Epson’s establishment of a new sales