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South Africa has competitive advantages to develop green hydrogen, says Sasol
South Africa has quite a few competitive advantages that will serve it well in entering the green hydrogen manufacturing space, Sasol low-carbon energy solutions business developer Zanele Salman has said. She spoke during a Saldanha Bay Innovation Campus webinar, the third in a series that focuses on the energy transition landscape, on July 14. These
IFC and Orange Bank Africa come together to strengthen the Mobile Money Ecosystem
To support the growth of digital finance services in West Africa, IFC announced a partnership with Orange Bank Africa (OBA) to increase access to finance for agents and merchants operating in the mobile money ecosystem. Under the partnership, IFC will provide advisory services to Orange Bank Africa to help the mobile bank develop and test
South African businesses tap into Metaverse
The next evolution of the Internet is emerging and, while expected to develop slowly in South Africa, the so-called metaverse could provide business with a new avenue of growth. The metaverse is commonly described as shared, virtual three-dimensional (3D) worlds, representing the convergence of the physical and digital realms, and combining commerce and blockchain and
MTN eyes Telkom acquisition
Telecommunications groups MTN and Telkom have issued a cautionary on July 15 as they enter discussions over the potential acquisition of Telkom by MTN. The discussions surrounding MTN’s acquisition of the entire issued share capital of Telkom in return for shares or a combination of cash and shares in MTN are currently at an early
MultiChoice announces a new investment to help boost the African TV sector
A new training initiative is set to revolutionise the African TV sector, taking industry skills to a new level and boosting the quality of content for audiences across the continent. The initiative will be a collaborative project between MultiChoice, local television channels in various African territories, and the MultiChoice Talent Factory, the MultiChoice industry-development and
Nikon will reportedly join Canon in ending development on high-end DSLR cameras
Nikkei Asia reports that camera maker Nikon will discontinue further development of its single-lens reflex (SLR) camera lineup, leaving the longtime professional standbys behind and shifting its efforts to smaller mirrorless models. For its part, Nikon has denounced the report as "speculation" and stresses that the company "is continuing the production, sales, and service of
Financial services, businesses can improve African export diversification
The diversification of African exports and economies is the most viable means by which these countries can prosper in the global economy and survive vulnerabilities and economic uncertainties exacerbated by commodity price volatility, the United Nations Conference on Trade and Development’s (Unctad’s) 'Rethinking the Foundations of Export Diversification in Africa – The Catalytic Role of
The Africa Narrative launches AfroCreatives WikiProject
The Africa Narrative, a non-profit focused on supporting African creatives, has launched the AfroCreatives WikiProject, funded by the Wikimedia Foundation, the non-profit that supports Wikipedia and other free knowledge projects. The AfroCreatives WikiProject is the first of a series of initiatives and programs that The African Narrative will be announcing over the coming months. Initially established as
Elon Musk’s Starlink achieves its first polar orbit launch
SpaceX successfully completed its first Starlink polar orbit launch, achieving “complete coverage of Earth” in the process. SpaceX CEO Elon Musk took to Twitter to confirm the achievement, specifying that Starlink’s coverage would be available “where approved by local government”. “These polar launches will enable complete coverage of Earth (where approved by local government),” Musk
Netflix and Microsoft team up for cheaper plan
Netflix has teamed up with Microsoft to offer a cheaper subscription plan to customers that will show adverts. The streaming giant says the service will be an "addition" to its existing plans, which do not include adverts. The company has not yet revealed how much it plans to charge subscribers for the new service. Netflix
CSIR to focus on intellectual property commercialisation opportunities for youth
Council for Scientific and Industrial Research (CSIR) CEO Dr Thulani Dlamini has revealed that the CSIR is taking an innovative approach at a board level to seek ways to create an environment that allows for the commercialisation of its intellectual property. Speaking at the CSIR’s Emerging Researchers Symposium on July 12, Dlamini said there were
South Africa’s Transnet signs $1.5 bln loan with Deutsche Bank
State-owned freight and logistics group Transnet has re-entered the international syndicated loan market for the first time in seven years with the signing of a five-year senior unsecured term loan facility of up to $1.5-billion, led by Deutsche Bank. Transnet said in a statement that the first $685-million drawdown was scheduled for July, and that
New EU food regulations could see many South African citrus consignments destroyed
New European Union (EU) regulations, which apply from July 14, require that imports of citrus fruit must undergo specified mandatory cold treatment processes and precooling steps for specific periods, up to 25 days of cold treatment, before importation, says Citrus Growers' Association of South Africa (CGA) market access and EU matters special envoy Deon Joubert.
Huawei to help 1000 SMEs and Start-ups in South Africa
Huawei has announced that Huawei’s cloud business is going to be investing R100 million in 1,000 SMEs and start-ups over the coming three years in South Africa. Huawei Cloud is committed to invest in the growth of our customers – the partners. Huawei Cloud is proud to announce our R100 million investment towards the development
FNB reports 70% increase in consumer spend on streaming services
13 July 2022 – FNB has revealed that consumer spend on audio and video streaming services such as Apple iTunes, Spotify, Google Music, Deezer, Amazon Prime, ShowMax, Netflix and YouTube has increased by roughly 70% from the period before Covid-19 up to end of June 2022. Raj Makanjee, CEO of FNB Retail, says their Retail
Standard Bank revokes its Mandatory Vaccination policy
Standard Bank has revoked their mandatory vaccination policy with immediate effect. The bank says it has considered the current regulations and the COVID-19 pandemic in South Africa. 95% of its employees have been vaccinated. The policy change does however mean that it will no longer be compulsory for employees to vaccinate or [produce a PCR
Makro to sell fully installed solar power systems
Makro has announced that they will offer customers fully installed solar power systems as there has been a significant increase in demand for backup power solutions. Details on the products will be available on the website from August 2022. For the retailers 51st birthday celebration, they will be giving away 3 fully installed solar bundles
Elon Musk backs out on Twitter deal
Elon Musk has eventually decided he doesn't want to buy Twitter Inc.; however, he can't just leave the $ 44 billion ($ 74.7 billion) deal. Billionaire's co-founder of Tesla Inc. must argue in front of a Delaware judge that Twitter was unable to support aspects of the merger agreement signed in April. The Billionaire co-founder
Digital Economy Will Contribute 15% to Nigeria’s GDP by 2025
While there are so many actors in the digital sphere contributing to make this a reality, the activities of B2B e-commerce companies like Alerzo cannot be overlooked. This group has led in revolutionising the operations of the retail sector across the country, particularly the underserved areas. By connecting manufacturers and distributors to micro businesses through
RentSmallSmall Rebrands, Now SmallSmall Technology
Leveraging technology to provide property rental solutions that make the process seamless for customers, RentSmallSmall has rebranded to SmallSmall Technology. Adding more features to its product offerings, the rebrand helps RentSmallSmall boost its aim to provide valuable and flexible living solutions that are convenient for users. The rebranding comes with a new corporate logo, visual