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Aveng, a JSE-listed construction and engineering group shares drop 19.83%
Aveng, a JSE-listed construction and engineering group, saw its shares drop 19.83% in value due to problems reported by its Australian subsidiary McConnell Dowell. FGEN LNG Corporation, a subsidiary of First Gen Corporation, without notice called up R529 million in guarantees on the Batangas LNG terminal project in Thailand. Aveng's Australian bankers settled these guarantees,
Emotet Campaign Uses Malicious OneNote Files to Get Around Microsoft Blocks
According to Check Point Software Technologies, a new Emotet campaign is distributing malicious OneNote files by circumventing Microsoft security measures. This was included in the March 2023 Global Threat Index. Last month, researchers discovered a new malware campaign for the Emotet Trojan, which had risen to become the second most common malware. Since Microsoft announced
Sasol's Quest for Gas and Hydrogen in South Africa
Sasol, South Africa's second-largest emitter, aspires to be one of Africa's largest buyers of renewable energy, but it remains heavily reliant on fossil fuels. Although the company is well-known for producing synthetic fuel and chemicals from coal, it is committed to achieving net-zero emissions by 2050. However, some critics have called the plan vague, and
Amazon's entry into South Africa's e-commerce sector
Takealot, South Africa's largest online retailer, believes that Amazon's plans to launch its e-commerce business in the country demonstrate the potential for growth in the market. Despite facing challenges such as power cuts, antitrust issues, and inflationary pressures, Takealot CEO Mamongae Mahlare said that South Africa's growing, tech-savvy, and youthful population, together with its large
Cathay Pacific returns to SA in August with new fare change
When Cathay Pacific makes its return to South Africa in August, these are the prices to Hong Kong, Bangkok, and Bali in comparison. Cathay Pacific recently announced that it would resume direct flights between Johannesburg and Hong Kong, which it had suspended during the Covid-19 pandemic. The flights will not resume until August of this
Finally, in South Africa, the VW Golf 8 R has prices
It took some time, but it was unquestionably worth it. In response to the eagerly anticipated arrival of the new Golf 8 R, Volkswagen has announced that it will start selling its most potent hatchback in the local market on April 25 at local dealers. Steffen Knapp, the head of the Volkswagen passenger car brand,
IMF Trims Global Growth vaticinations, South Africa Hit Hardest
As businesses look to match their IT strategies with their overarching objectives, the role of a solutions architect is becoming more and more crucial. A solutions architect is in charge of assessing the business requirements of an organization and figuring out how IT can meet those requirements by utilizing software, hardware, or infrastructure. Finding ways
Silo Hotel at V&A Waterfront will have to undergo R30.6m in repair
The Silo Hotel will require R30.6 million in repairs, but the owners of V&A Waterfront insist that "no further works are believed to be necessary to correct any defect." Additional corrective work was needed at the Silo Hotel in Cape Town's V&A Waterfront after screeding on the hotel's solid floor slabs failed; this work is
Prosus Speculated to Accelerate Sale of Tencent Shares
Tencent Holdings, the Chinese internet giant, experienced a significant drop in its stock price as its largest shareholder, Prosus, plans to deposit an additional 96 million shares into the Hong Kong stock clearing system, raising speculation that Prosus may accelerate its selling pace. Although Tencent has been repurchasing its shares, this move by Prosus may
Huawei Asks Business Partners to Remove Huawei Brand from Products
Huawei, a Chinese company with a global reach, has asked all third-party partners to remove the Huawei logo and brand from their products. While this practice may be advantageous for the partners, it can negatively impact Huawei's reputation. As a result, the company has taken steps to protect its brand from false advertising and misuse.
Ford Factory Loses 720 Vehicles a Day After Pretoria Pylon Collapse
The collapse of seven pylons on the N4 highway in Pretoria on Sunday night has resulted in power outages affecting businesses and residents in parts of northern and eastern Pretoria. Among the affected businesses is the Ford plant in Silverton, which produces the new Ranger and VW Amarok. The power outage has caused the plant
2022 WAS SA'S FOURTH-HOTTEST YEAR ON RECORD, DESPITE HIGHER RAINFALL
Data from the South African Weather Service shows 2022 is South Africa's fourth-hottest year on record,. Despite above-normal levels of rainfall. The Annual State of the Climate 2022 report was released by The SA Weather Service. It is based on data collected from 26 climate stations. The annual average temperature was about 0.4ºC above the
Zambia's Mining Sector Appoints First Female CEO
Zambia has appointed its first female CEO to head one of the country's biggest mining operations in the copper sector. Mfikeyi Makayi has been appointed by US-based company KoBold Metals to head up its copper unit in Zambia. The appointment marks a significant milestone in a traditionally male-dominated industry and highlights the growing trend towards
Cape Town's Central Line rises from the ashes
The Passenger Rail Agency of South Africa (PRASA) has launched the first phase of the reconstruction of Cape Town's Central Line. The Nyanga to Langa stretch, costing R422 million, is now operational, with services between Langa and Bellville also running. The reconstruction project is aimed at improving passenger transport services while supporting the local economy.
Northam withdraws bid for RBPlat, clearing the way for Implats
South African mining company Northam Platinum has withdrawn its intention to acquire Royal Bafokeng Platinum (RBPlat), clearing the way for a cash-and-shares offer from Impala Platinum (Implats) to go through. Implats has steadily increased its shareholding in RBPlat to around 41% since making its offer a year and a half ago, all from institutional shareholders.
Best MacBook Features
It is frustrating to be using a laptop that will delay you in getting work done on time. Sometimes work gets delayed when your laptop is outdated or needs an updated software, which can result in hindering your progress in delivering delegated tasks on time. If you can dream it, a Mac can help you
Crypto Fugitive Do Kwon Faces Extradition to US or South Korea for Alleged Fraud
Do Kwon, co-founder of Terraform Labs Pte, has been charged by both US and South Korean authorities for his alleged involvement in a cryptocurrency fraud that resulted in the loss of $40 billion in market value. Currently, Kwon is in jail in Montenegro, and both countries have expressed their intention to request his extradition. While
Harbour Energy to Cut 350 UK Onshore Jobs, Cites Windfall Tax as Reason
Harbour Energy, the UK's largest oil and gas producer, has announced that it expects to cut 350 onshore jobs in the country. The company cited the UK government's windfall tax as the reason behind the decision. Harbour Energy has been reviewing its operations since January after warning that it was re-evaluating its future activity in
The Future of Mobile Phones: Implants Under the Skin
Martin Cooper, the pioneer of the modern cell phone, has predicted that humans may one day have their mobile phones embedded under their skin. In a recent interview on NPR, Cooper shared his vision that led to the first cellular phone call and what he thinks the future holds for mobile phones. Cooper revolutionized the
World Bank Warns of Looming Economic Slump Unless SSA Cuts Trade Costs
The World Bank has issued a warning that Sub-Saharan Africa (SSA) needs to cut trade costs by at least 50% to reinvigorate global trade, which has been in decline since mid-2022. The lender stated that the global economy growth rate could slump to a three-decade low if urgent action is not taken to boost productivity,