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Robotic Growth Report Indicates Large Adoption Rates
HIGHLIGHTS The new World Robotics report released yesterday, recorded 4,281,585 units operating in factories worldwide – an increase of 10%. Annual installations exceeded half a million units for the third consecutive year. By region, 70% of all newly deployed robots 2023 were installed in Asia, 17% in Europe and 10% in the Americas. The Automotive
Consumer Debt Levels in South African Show Improvement
Johannesburg, 25 September 2024 — Experian’s latest Consumer Default Index (CDIx) report, covering the Q2 period ending in June 2024 reveals a small but encouraging year-on-year (YoY) improvement, as it is the first sign of recovery over a two-year period. This improvement indicates possible stabilisation in consumer debt management, although challenges do remain. Debt such
Lenovo Introduces New Services that Bring Flexible, Affordable and Manageable AI to Enterprises
Lenovo has announced a new suite of services and solutions designed to fast-track AI transformation by making private AI accessible to every business. Paving the way to “Smarter AI for All,” the new services go beyond the cloud and bring on-demand AI to the customer, helping any business use its on-prem proprietary data to build,
South Africans are increasingly using crypto for payments, not just for investment
South Africans are increasingly using crypto to pay for goods and services according to a new report by Luno, South Africa’s largest crypto investment app and a licensed FSP. Christo de Wit, Luno’s country manager for South Africa, says, “One of the fundamental principles of money is its redeemability. Cryptocurrency is increasingly being treated as more
Breaking News today – Wednesday 25 September 2024
Business & Tech News Ramaposa and Musk Meet: South African President, Cyril Ramaposa, met with Global entrepreneur and billionaire Elon Musk on Monday as part of his trip to the UN where he will address the general assembly. Ramaphosa also addressed the SA-US Business Forum at the New York Stock Exchange, where he was motivating
Nihka Technology Group Harnesses AI to Lead the Fight Against Cybercrime
In response to the rising wave of cyberattacks targeting businesses across South Africa, Nihka Technology Group is driving the future of cybersecurity by incorporating cutting-edge artificial intelligence (AI) into its security solutions. As digital threats grow more sophisticated, particularly for small and medium-sized enterprises (SMEs), the company is stepping up efforts to protect businesses from
Space and Satellite Competitor Flight Crash
Deep Blue Aerospace (DBA), a Chinese private rocket company, launched its new Nebula-1 rocket, a pioneering reusable rocket powered by kerosene. The company announced that their inaugural test flight resulted in an unsuccessful landing on Sunday. While the launch and high altitude test was attained the rocket was unable to successfully complete a high-altitude recovery
Space Exploration Expands Launch Potential
NASA astronaut Nick Hague, commander, and Roscosmos cosmonaut Aleksandr Gorbunov, who are the two-man Crew-9 mission members, arrived at the launch and landing Facility at NASA’s Kennedy Space Center in Florida on Saturday, Sept. 21. The pair are staying in the center's Astronaut Crew Quarters in preparation for their launch international Space Station Mission, scheduled for
AI Data Regulation War:
What’s It About? The European Union’s (EU’s) new Artificial Intelligence Act (AI Act) that was signed into legislation in July has taken effect from 1 August 2024 and has now sparked an angry response from Tech Companies in a letter co-signed by leading Tech entities to the EU regulator. The EU AI Act has wide-ranging
Breaking News today – Monday 23 September 2024
Business & Tech News Egyptian Bank Sell Off Announced: Egypt is aiming to sell $3.6 billion in state assets denominated in U.S. dollars in the current financial year ending in June2025, as part of an $8 billion financial agreement it signed with the International Monetary Fund in March. It also agreed to divest additional assets
How People, Processes and Technology Secure Matric Exams
On Monday, 21 October, the first papers in this year’s National Senior Certificate, or Matric, exams will be written. As always, exam paper security is a major concern. It is reassuring that specialist service providers have been entrusted with the secure printing, storing and transporting of exam papers. Ever wondered how the exam papers for
TAAG Angola Airlines takes delivery of its first Airbus A220 aircraft
Johannesburg, 20 September 2024 – Angola’s leading airline and flag carrier, TAAG Angola Airlines, has taken delivery of its first A220, an A220-300 from the Airbus Mirabel site, in Canada. The aircraft is on lease from Air Lease Corporation (ALC) (NYSE: AL). The addition of the A220 to the fleet of the state-owned airline is
Does a Central BRICS Currency Make Sense?
What is the value of a shared currency? And is this a good opportunity for BRICS partners, or will such a move simply turn smaller partners such as South Africa (SA), Egypt and Ethiopia into unwitting dumping grounds for cheap Chinese products and cut off their existing larger trading partners? Geopolitics have been at the
Breaking News today – 20 September 2024
Business & Tech News Egyptian Investment Rallies Bonds: The past week has seen Egyptian bonds rally to a two-year high, driven by recent gains in their currency and the announcement by Egypt's Prime Minister, Mostafa Madbouly, who on Thursday announced that the planned Saudi Arabian investment of $5 billion in Egypt is independent of funds
SA FMCG Market Grows by R181 Billion in Q2 2024, While Tech & Durables Remain Flat at R31 Billion
South African shoppers spent a total of R181 Billion on FMCG in the second quarter (Q2) 2024, representing a 4,8% uplift compared with the same period last year. The Tech & Durables (T&D) market, meanwhile, remained virtually unchanged from the same period last year at a value of R31 billion for Q2 2024. This is according
From open banking to open finance: SA’s fintechs to drive the next financial evolution
For centuries, banks were built on paper trails and brick-and-mortar branches. However, long before smartphones, banks were already collaborating with fintechs to build innovative value propositions. In South Africa, this collaboration dates back to the late 90s when payment providers began integrating with banks to offer seamless card processing. Then came the internet, transforming banks
Green Hydrogen Projects Green Lighted
South African Public Works and Infrastructure Deputy Minister, Sihle Zikalala, gave an update on the nine Strategic Integrated Projects (SIPs) Yesterday. The value of the investments required for all nine SIP’s is a Capex input of $17,2 billion. The Green Hydrogen National Programme (GHNP) has already attracted projects with the capex value of over $45,9
Breaking News today – 19 September 2024
Business & Tech News Ghana – GDP Growth Gains: The Q2, 2024 Gross Domestic Product (GDP) numbers for Ghana were released yesterday (18 Sept.). Data showed that Ghana's economy had grown by a significant 6.9% year-on-year, the highest growth rate experienced since 2019. The strong growth represents a significant recovery in economic growth for the
Neuralink Unveils Blindsight Implant, Promising Vision Restoration for the Blind
The pioneering brain-computer interface company, Neuralink, has announced a breakthrough with the development of its Blindsight implant, designed to restore vision for individuals who have lost both eyes. The company’s founder, Elon Musk, revealed the innovation on Wednesday, saying that the device has received “breakthrough device” designation from the US Food and Drug Administration (FDA)
China Unveils New Quantum Computer, 100 Trillion Times Faster Than Existing Supercomputers
China has introduced its ground-breaking quantum computer, Jiuzhang, which is said to be 100 trillion times faster than the most advanced supercomputers already existing. This major technological leap signifies a significant step in achieving quantum supremacy, where quantum computers, powered by qubits rather than traditional binary bits, can handle exponentially larger volumes of data at