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FNB warns consumers about new fraud modus operandi involving online merchant fraudsters
As Covid-19 continues to drive e-commerce activity, FNB is urging customers to use trusted and secure merchants to avoid being defrauded by merchant fraudsters when shopping online. Chris Labuschagne, CEO of FNB Card says in recent months, they have seen a rise in a new fraud modus operandi targeting unsuspecting online shoppers. The latest modus
Samsung on big spending spree
Samsung Group has unveiled a 240 trillion won ($205 billion) expansion that will entail hiring 40,000 people over three years, a sprawling investment blueprint intended to build the South Korean conglomerate’s lead in next-generation technologies. Samsung Electronics Co. and affiliates like Samsung Biologics aim to lead research and spending in areas from telecommunications and robotics
What you need to know about emergency tax relief measures offered by SARS
Towards the end of July, president Cyril Ramaphosa announced a series of emergency tax relief measures in response to the continuing Covid-19 pandemic and recent unrest, helping affected and tax compliant businesses recover and ensure livelihoods for employees. Further details of the proposed measures were provided by the minister of finance and the National Treasury.
MTN appoints new Simfy CEO
MTN Group announced the appointment of Burak Akinci as Chief Executive Officer of Simfy (ayoba), reporting to the MTN Group Chief Digital and Fintech Officer Serigne Dioum. Akinci will be responsible for the super app Ayoba and be based in Cape Town, MTN stated. Akinci joins MTN from Turkcell, where he was the CEO of
Google is shutting down its Android Auto mobile app in favor of Google Assistant
Google has confirmed it’s shutting down the standalone “Android Auto for Phone Screens” app with Android 12. Instead, anyone who wants a driving-friendly interface for their Android phone should use the Google Assistant driving mode, which is available within Google Maps, or the native Android Auto interface available in select cars. “For those who use
Apple tried to poach search chief from Google
When Apple was looking to hire new management for its Siri and artificial intelligence groups, it went after a pair of high-profile targets: Google’s top brass overseeing search. Apple succeeded in attracting one of those executives, John Giannandrea, who had served as Google’s search and AI chief, bringing him on as head of Siri and machine
Asus launches powerful smartphone with 18GB RAM
Asus has updated its ROG gaming smartphones with a powerful new mobile processor and more RAM. The fifth generation of high-end Asus gaming phones consists of the ROG Phone 5S and 5S Pro. These boast Qualcomm’s new Snapdragon 888+ 5G chip, an upgraded version of the standard Snapdragon 888, which shipped in the ROG Phone 5. The Snapdragon
Tesla announces robot
As Elon Musk stood in the wings at Tesla Inc.’s AI day, a person dressed in a skintight white suit and grey space helmet did a jerky robot dance across the stage. And with that, Musk flagged a move into a new realm of science-fiction: lifelike humanoid robots designed to take the drudgery out of
Sugar industry reiterates commitment to transformation
South African Sugar Association (SASA) Vice Chairperson, Joanmariae Fubbs, has commended the organisation for recognising the need to promote diversity by availing more land for black farmers in the industry. “SASA has been able to transform more than 21% of free owned land on the sugarcane from white farmers to black farmers without a shot
7 things that have become more expensive in South Africa this year
Statistics South Africa published its Consumer Price Index (CPI) for July 2021, with inflation edging lower to 4.6% in July from 4.9% in June and 5.2% in May. In July, the monthly increase in the consumer price index (CPI) was 1%, the highest monthly jump since July 2020, when the CPI increased by 1.3%. The
MTN launches its 5G network in SA
MTN SA today announced the launch of its 5G network which the network is promising would deliver higher peak data speeds, ultra-low latency, increased reliability and greater network capacity. Launching with 100 sites, MTN’s 5G network today covers areas of Johannesburg and Cape Town, as well as Bloemfontein and Port Elizabeth. “Today, from MTN’s birthplace
Standard Bank to open branches inside Pick n Pay stores in South Africa
Standard Bank has started constructing in-store branches in select Pick n Pay outlets as part of a new partnership between the two companies. Pick n Pay said that the branches will initially be available in a few stores across the Western Cape and Gauteng A number of services will be offered at these branches, including,
Rand hits R15.17 to dollar – worst level since March
The rand, which managed to avoid a major blowout following riots in two of South Africa’s key provinces in July, finally gave way and weakened below the psychological R15 to the US dollar level on Thursday. This is its weakest level since March. The local currency hit R15.17 to the greenback around 10am, after breaking
Uber expands to 21 more South African towns and cities
Uber Technologies has announced a huge expansion of its operating base in South Africa, launching in 21 of the country’s smaller cities and towns, and reaching 80% of the urban population. The move doubles the number of urban centres in which Uber operates in South Africa to more than 40. The new cities and towns where
Makro’s plans to become an online shopping powerhouse
Massmart’s new head of ecommerce, Sylvester John, has divulged the company’s plans to develop a market-leading online shopping experience in South Africa. John previously served as vice president for last-mile delivery in North America at Massmart’s majority shareholder, Walmart. He played a key role in launching and positioning Walmart’s online grocery pickup service in the
JP Morgan invests R340m on SA’s SMEs
The initiative will not only provide funding, but also business and mentorship support to early-stage businesses. Fund, grant This programme will see JP Morgan becoming the first international investment bank in South Africa to launch a dtic-approved Equity Equivalent Investment Programme (EEIP) called the Abadali EEIP, consisting of The Abadali Fund, a black business growth
Checkers just revealed a shop without tills, run on AI and machine vision
Retail giant Shoprite on Wednesday revealed that it is testing an automated Checkers concept store with no cashiers, or till points." Checkers Rush is a "no queues, no checkout, no waiting" concept store, it said. "Using advanced AI camera technology to identify the products being taken off the shelves, Checkers Rush bills users’ bank cards
Microsoft hires former Uber exec to lead a new consumer apps effort
Microsoft is hiring Manik Gupta, the former head of product at Uber, in a renewed effort to boost Microsoft’s consumer apps. Gupta will be responsible for Microsoft Teams consumer, Skype, and GroupMe, and he will report directly to Jeff Teper, Microsoft’s head of Microsoft 365 collaboration. Gupta spent four years at Uber running the various
Top 10 business ideas for students in South Africa (2021)
There are numerous reasons why you should have a side hustle. Some of them include the following; • Money This is a big reason why you should have a side hustle. Even if you the son of a rich man, it should not stop you from making your own money. This is the first reason
iPhone update causing “No Service” sign
Several iPhone users are reporting the latest iOS update has a bug that is killing their cellular network connectivity. According to 9to5Mac, users on Apple’s Developer Forum and Discussion forum said the issue has been occurring for at least a few weeks after updating to iOS 14.7.1 or the iOS 15 Beta. The iPhone 6s,