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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
Australia's Bitcoin ATM Market Booms, Making it One of the Fastest-Growing Worldwide
Australia's Bitcoin ATM landscape has experienced a remarkable surge, making it one of the fastest-growing markets in the world. According to Coin ATM Radar, the number of Bitcoin automated teller machines in the country has skyrocketed from just 73 in September 2022 to 1,162 by mid-2024, marking an exponential rise in installations. This growth positions
SARS Increases Customs Duties for Online Retail Orders
Despite being a relatively new player in the global fashion sense, South Africa's textile industry plays a significant role in the country's economy, contributing to job creation, economic development, and export earnings. The textile industry, which includes the production of fabrics, apparel, and home textiles, has a rich history and has undergone significant transformations over
South African National Petroleum Company Formed
A policy statement released by President Cyril Ramaphosa has seen the formation of a new state-owned petroleum company, the South African National Petroleum Company (SANPC). The new entity will see a merger of the Central Energy Fund (CEF) subsidiaries, iGas, PetroSA and the Strategic Fuel Fund into a single entity. According to a statement released
Collective X Opens Applications for Co-Funded Initiative to Address SA’s Digital Skills Shortage
Collective X is excited to announce that applications for its co-funded digital skills initiative will open on Thursday, 19 September 2024. With R50 million available to invest in co-funding digital skills programmes, this initiative presents a unique opportunity for employers to help shape the future of South Africa’s digital workforce. South Africa faces a critical
SEACOM awarded Carrier Wholesales Provider of the Year at Africa Digital Economy Awards 2024
SEACOM, the leading provider of wholesale digital infrastructure and managed services, has been honoured with the award for Carrier Wholesales Provider of the Year at the 9th annual African Digital Economy Awards (ADEA). The awards ceremony was held on 13 September at the Ole Sereni Hotel in Nairobi and attended by members of the SEACOM
10 African Startups Selected to Pitch Their Products at Demo Day in New York City
NBA Africa recently announced the 10 startup companies from seven African countries that have been selected to pitch their products to a panel of international industry leaders at a Demo Day at the NBA headquarters in New York City on Wednesday, Sept. 25 as part of “Triple-Double: NBA Africa Startup Accelerator,” which the league launched
Interest, Inflation and Irregular Regulatory Institutions
As markets hover around the pending US FED decision on cutting interest rates today, it has become increasingly obvious to market observers that the markets and decisions around interest rates have become somewhat schizophrenic. Markets react to the slightest adjustments in what is usually sentiment rather than on solid data and direction. Interest rates have
Breaking News today – 18 September 2024
Business & Tech News Data Centre Development Partnership: In a joint announcement yesterday, Microsoft and BlackRock said that they plan to create a $30 billion fund, that is anticipated to grow to $100 billion, that will be utilised to invest in artificial intelligence infrastructure to build data centres and energy projects. The computing power required for
Africa the only region to improve on year-on-year reporting of emissions – Study Finds
Key Survey Findings: A new study by Boston Consulting Group (BCG) and CO2 AI released today (17 September) reveals that companies have made minimal progress on climate issues over the past year and that corporate progress on decarbonisation has slowed globally. The new “AI’s Carbon Emissions Survey”, detailed in the report Boosting Your Bottom Line
Aviation Africa – Addressing The Challenges for Growth
Day 2 of Africa’s largest aviation summit, saw a lively panel discussion on the way forward in how to remove the barriers for growth in the African airspace sector, to unlock the obvious and enormous potential in the aviation sector. On the discussion panel was a great depth of knowledge of the local industry with
Lenovo’s ThinkAgile vs. ThinkSystem: Which Infrastructure Solution Best Suits Your Business?
Increasing businesses and IT leaders are taking a critical look at their aging data centre equipment and embarking on a mission to modernize their infrastructure. Rather than simply replacing outdated hardware, they sought to evaluate the best solutions to power their business-critical applications. Understanding that IT infrastructure is vital for meeting customer needs and supporting
Call for Submissions to the HONOR Talents Global Design Awards 2024
Global technology brand, HONOR, in partnership with the National Youth Development Agency (NYDA), is excited to announce the launch of the 2024 HONOR Talents Global Design Awards. This prestigious competition is a golden opportunity for young, aspiring artists and designers from South Africa to showcase their creativity on a global stage. With over R2 million
Experience The Unseen: TCL’s Televisions Elevate Your Home Entertainment
TCL’s new 115″X955 MAX Premium QD-Mini LED TV sets a new standard in large-screen television technology, catering to the most discerning viewers who seek unparalleled home theatre entertainment. The 115″X955 MAX boasts an ultra-slim design, zero external bevels, and a sleek stand system, making it a standout in terms of both aesthetics and performance. Every
Trauma and Triggers Between Nine to Five
Alvin Govender is one of South Africa’s leading business coaches and a valuable resource for managing stress in the workplace. Having successfully created a career around his passion for mentoring, Govender has helped some of the county's leading CEOs build healthy workplace cultures. He spoke with Business Tech Africa about awareness of Mental Health wellness
Breaking News today – 17 September 2024
Business & Tech News Nigerian Fuel Price Jump: Only a day after the Nigerian National Petroleum Corp. (NNPC), announced that it was finally delivering locally refined fuel to the nation, it announced an additional increase in fuel prices of 11%. The fuel prices are a key part of the Nigerian inflation crises as many business
Aviation Africa 2024 Takes Off
Aviation Africa 2024, officially opened today at the Sandton Convention Centre in Johannesburg. Kicking off with a Key Note address from the South African Minister of transport Barbara Creecy. There are a total of 1300 attendees and thirty-four countries represented at the major African aviation event. Minister Barbara Creecy, minister of transport, Republic of South