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Salesforce has appointed two South African leaders and announced its expansion plans for the country
The two new leaders — Zuko Mdwaba as head of sales and Linda Saunders as head of solution engineering — are the company’s first to be based in South Africa. “I am delighted to welcome Zuko Mdwaba and Linda Saunders to Salesforce to lead our growth in South Africa by working with our customers, partners,
Small South African town to get R15-billion solar power plant
Norwegian solar power producer Scatec SA has plans to provide electricity to South Africa’s grid, and the project is in the final stages of approval. Electricity will be supplied by around one million solar panels set up on a solar farm situated near Kenhardt in the Northern Cape. According to a City Press report, the solar
F35 fighter jets get “deficient” R216-billion software update
A $14 billion (R216 billion) Pentagon software upgrade for F-35 jets is being installed on planes that are already deployed even though it’s “immature, deficient and insufficiently tested,” according to a new assessment by the military’s testing office. Aircraft operators “identified deficiencies in weapons, fusion, communications and navigation, cybersecurity and targeting processes that required software
Samsung spent R560 billion on chip tech in 2021
Samsung Electronics Co. is stepping up spending on advanced chipmaking technology as it sees growing demand for its smartphones, displays and memory products. South Korea’s biggest company reported 43.6 trillion won (R560 billion) in semiconductor capital expenditure in 2021, eclipsing rivals as it acquired extreme ultraviolet lithography (EUV) machines to pursue aggressive expansion of its
Choosing the bank with the cheapest rates in South Africa
When it comes to choosing the bank that charges cheap on their rates, it is very important to do research before coming to a final decision of choosing a bank that will best suit your needs and will not strain you financially. Retail banking group FNB has published its updated fees for the 2021/22 financial
Best businesses for retirees to start
Many retirees struggle and some end up committing suicide because f not being able to It is very important to have a plan of life after retirement and being in a comfortable position to cope with life because of bad planning but there are those that are turning to business ownership as a way to
Chinese fashion retailer SHEIN revives plan for New York listing in 2022
Chinese fashion retailer SHEIN is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, two people familiar with the matter said. It was not immediately clear how much the company was looking to raise from its New
This app converts crypto into vouchers you can use at Checkers, Pick n Pay, and Steers
Using digital money and transactional services platform 6Dot50, South Africans can now use six cryptocurrencies to shop at major retailers in South Africa, including Checkers, Steers, Wimpy, and Game. Until last year, 6Dot50 focused mainly on selling money vouchers, a digital solution aimed primarily at unbanked people. Four months ago, it introduced its new product,
Google sued over tracking user locations despite opt-out
A group of state attorneys general, including Texas, Indiana and Washington D.C., said Monday they were suing Alphabet Inc.’s Google over what they allege are deceptive tactics designed to trick consumers into disclosing location data to more accurately target advertising. Even when consumers turn off location tracking on their phones, Google continues to track their
Cellular towers giant wants to help grow digital payments in Africa
Helios Investment Partners LLP is in talks with African telecom operators and banks about ways the private-equity firm can help them cash in on their mobile-money and digital-payments platforms. Africa’s largest wireless carriers, including MTN Group Ltd. and Airtel Africa Plc, are among companies exploring how to unlock value from their multi-billion dollar fintech operations. Johannesburg-based MTN
Newly formed COMRiC takes aim at crime facing SA’s Telco industry
South Africa’s biggest telecommunications operators have joined forces to establish the Communication Risk Information Centre (Comric), a non-profit organisation focused on protecting their networks from criminals. MTN, Vodacom, Telkom, Cell C and Liquid Intelligent Technologies will use Comric to collectively identify, mitigate and prevent the common risk issues within the industry with a key focus
Shoprite to prioritise the sale of locally-produced sugar in its stores
The Shoprite Group aims to sell only locally-produced sugar across its 1 189 Shoprite, Checkers, Checkers Hyper and Usave supermarkets in South Africa in a bid to encourage consumers to buy local. This plan will be implemented in collaboration with sugar industry body South African Canegrowers Association via its ‘Home Sweet Home’ campaign which it
Boeing sinks more money into electric air taxi project it’s co-developing with Kitty Hawk
Wisk Aero, the electric air taxi startup, raised $450 million from Boeing in a new funding round that it claims will make it “one of the most well-funded [advanced air mobility] companies in the world.” In its announcement, Wisk highlights the fact that its “a privately-backed AAM leader,” setting up a contrast with a slate
Mobile internet speed on the Gautrain tested — with two clear winners
The Gautrain’s 80-kilometre railway system links Johannesburg, Pretoria, Ekurhuleni, and O.R. Tambo International Airport. The train reaches 160 km/h, which allows commuters to travel from Pretoria to Park Station in Johannesburg in 35 minutes. Many Gautrain commuters surf the web on their smartphones while travelling, which means good mobile connectivity is vital along the route.
Standard Bank is now 99% cashless
Standard Bank Group Ltd. said 99% of its transaction volumes in South Africa are now cashless, a trend that has helped the continent’s largest lender by assets to cut costs. “It’s extraordinary,” Standard Bank’s Chief Executive Sim Tshabalala said in an interview with Bloomberg News Editor-in-Chief Emeritus Matthew Winkler at the Africa Business Media Innovators Conversation.
What 2022 may hold for technology’s role in Africa
The past year proved that the only certainty in our world right now is further uncertainty and change. With the world in flux due to the impact of the pandemic, the growing influence of digital technologies in every facet of our lives, and the increasingly visible impact of a changing climate, most business leaders are operating
Massive fraud scandal hits Dimension Data
Several former executives at Dimension Data are caught up in a fraud scandal following a forensic probe into the December 2019 sale of The Campus, its iconic head office in Bryanston, Johannesburg. The developments have created a crisis for Dimension Data, putting the sale of The Campus in jeopardy. The company also risks losing its
Netflix stock plunges as company misses growth forecast
Netflix investors have been worried that the company isn’t adding subscribers fast enough — and today, they started to panic. After Netflix reported lower than projected subscriber additions for the final quarter of 2021, its stock plummeted nearly 20 percent. The plunge was the lowest the stock had dropped since June of 2020, CNBC noted.
Google is building an AR headset
MetaMeta may be the loudest company building AR and VR hardware. Microsoft has HoloLens. Apple is working on something, too. But don’t count out Google. The search giant has recently begun ramping up work on an AR headset, internally codenamed Project Iris, that it hopes to ship in 2024, according to two people familiar with
South African digital banks compared — TymeBank vs Discovery Bank vs Bank Zero
South Africans searching for a bank that doesn’t require branch visits for several services can opt for one of the country’s digital banks. The country has seen the launch of several digital banks in recent years, including TymeBank, BankZero, and Discovery Bank. These banks have established themselves as the most-prominent digital banking solutions in South