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Imperial Logistics sold for R12.8bn
DP World plans to buy South Africa’s Imperial Logistics for $890 million (R12.8 billion), in what the port operator said would be its most significant acquisition in Africa so far. “Imperial’s business strongly complements DP World existing footprint in Africa and Europe,” the Dubai-based company said, adding that the deal demonstrates long-term confidence in the
Egypt notified that Ethiopia has resumed filling of giant dam
Egypt's irrigation minister said on Monday he had received official notice from Ethiopia that it had begun filling the reservoir behind its giant hydropower dam, the Grand Ethiopian Renaissance Dam (GERD), for a second year. Egypt has informed Ethiopia of its categorical rejection of the measure, which it regards as a threat to regional stability,
United States places South Africa on “Level 4: Do Not Travel” list
The United States has advised its citizens to avoid travel to South Africa because of COVID-19 and exercise increased caution due to crime and civil unrest. The Department of State placed South Africa on the “Level 4: Do Not Travel” list along with Bhutan, Botswana, Republic of the Congo, Malawi, Rwanda, and Sierra Leone. “Do
Zimbabwe introduces Z$50 banknotes to ease cash shortages
Zimbabwe will start circulating a new 50 Zimbabwe dollar note from Wednesday, central bank governor John Mangudya said, as authorities gradually introduce higher denominations in a country still haunted by memories of ruinous hyperinflation. Mangudya said 360 million Zimbabwe dollars ($4.2 million) worth of new notes would be injected immediately into the banking system, making
SA launches its first electric bus
The Western Cape Department of Transport on Monday said it was working with Golden Arrow Bus Services on a number of technology solutions to improve public transport in the province.South Africa's first active electric bus was officially launched in Cape Town on Monday. Golden Arrow Bus Services earlier this year started testing two fully electric
World's richest man Jeff Bezos sets new record for wealth with over R3 trillion
Jeff Bezos is leaving the rest of the world behind when it comes to wealth accumulation. The world’s richest man reached a record $211 billion net worth Tuesday after Amazon.com Inc. shares rose 4.7% after the Pentagon announced it was cancelling a cloud-computing contract with rival Microsoft Corp. The rally raised Bezos’s fortune by $8.4
Nvidia Corp. has built a U.K. supercomputer
Nvidia Corp. has built a U.K. supercomputer for scientists and drug makers that will allow researchers to model diseases, discover new medicines and advance knowledge of the human genome. The Cambridge-1 will be the country’s most powerful and one of the top 50 supercomputers worldwide. It was developed in partnership with AstraZeneca Plc and GlaxoSmithKline
Meet Andy Jassy, the man taking over $1.7 Trillion Amazon from Jeff Bezos
Jeff Bezos, who has served as the CEO of Amazon since founding the company exactly 27 years ago on July 5th, 1994, has officially stepped down from the role. Andy Jassy is now listed as the company’s CEO on its investor relations website, after previously having run Amazon Web Services since 2003, while Bezos is
Petrol prices increase again – Here's how much more you will pay from tomorrow
South Africans will be paying more for all fuel types in July following a surge in international oil prices over the last few weeks. On Tuesday, the Central Energy Fund (CEF) announced the new official prices for petrol, diesel, and illuminating paraffin, which will come into effect on Wednesday, 7 July 2021. The inland price
Samsung Electronics Q2 profit likely up 38% on strong chip prices
Samsung Electronics Co Ltd (005930.KS) likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres. Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion
Facebook partners with Liquid to extend Africa fibre network
Facebook and Africa’s largest fibre company, Liquid Intelligent Technologies, are extending their reach on the continent by laying 2 000 kilometres (1 243 miles) of fibre in the Democratic Republic of Congo. The move will make Facebook one of the biggest investors in fibre networks in the region. The cable will eventually extend the reach
These are the nine apps that were found to be stealing Facebook logins and passwords
Google has removed nine popular apps from the Play Store that contained trojans that stole users’ Facebook login details. This comes after a report by Dr Web of how its malware analysts had discovered malicious code in the apps, which were downloaded more than 5.8 million times. The nine apps that were found to be stealing Facebook
SA alcohol industry wants R1.5bn excise tax holiday
With South Africa’s alcohol industry predicting that the current two-week ban on all liquor sales will result in R6.1 billion in lost retail sales, the sector is now lobbing the taxman and effectively the national treasury to defer at least R1.5 billion in related excise tax payments. “The latest 14-day ban of alcohol sales declared
Dis-Chem DeliverD 60-minute delivery service launched
Dis-Chem has begun public testing of DeliverD, an online service available from its smartphone app that offers 60-minute deliveries from specific branches around the country. At the branches where the DeliverD service is available, it runs 7 days a week and Dis-Chem charges a flat delivery fee of R60 on all orders. “Dis-Chem DeliverD complements our
MTN faces lawsuit after cutting off the Internet in Eswatini
Eswatini’s biggest mobile operator, MTN, has been sued after the company cut off users’ access to the Internet on 29 June in line with a government directive. JSE-listed MTN Group, which owns 30% of MTN Eswatini, said on Friday that it is one of several respondents cited in the legal action. Others include the state-controlled Eswatini
5 important things happening in tech today
A ransomware attack affecting 17 countries, including South Africa, was launched by Russian hacking group REvil, and the hackers are demanding almost R1 billion. Apple is looking to move its workforce emphasis from Silicon valley amidst struggles to retain and sustain staff members. Facebook is starting to test Twitter-like threads. Google removes 9 apps from
Good news for South African agriculture as EU adds Rooibos tea to its register of products
The European Union recently added rooibos (red bush) tea to its register of products with a protected designation of origin. The iconic tea is the first African product to receive such status in the EU, and the 40th from a non-EU country. Rooibos is in good company – this is the same kind of protection
Consumers and businesses urged to beware of latest fraud modus operandi– remote access scams
05 July 2021: While people and businesses continue to scale the use of digital services in the new normal, cyber criminals also introduce new opportunistic scams. Remote access scams are a new fraud modus operandi, which entails scammers posing as IT department representatives from telecoms providers and/or banks to trick victims into relinquishing control of their
Airlink haults flights between Johannesburg and Eswatini
Eswatini Airlink and its operating partner Airlink, the South African-based domestic and regional airline, have cancelled flights between Johannesburg and King Mswati III International Airport. According to a statement released by Airlink, the flights are cancelled until Monday. Affected ticket-holders are being contacted to rebook them onto flights as soon as operations resume. Meanwhile, Economic
How to avoid your bank card getting cloned and money stolen
South Africans should be aware of the various techniques used by criminals to skim or steal their bank cards, which can include elaborate social engineering tricks and posing as bank employees, SABRIC CEO Nischal Mewalall has said. According to the South African Banking Risk Information Centre (SABRIC), victims of reported counterfeit credit card fraud lost