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How Web3 Is Changing The Future Of Business
According to Aleksandrs Malins, Founder and CEO of FortySeven Software Professionals, he has been hearing a lot about problems with the integration of smart contracts, digital wallets, and decentralised markets during the last six months (NFT). Why? The Web3 market is flourishing, and we've been working on several Web3 projects, including Web3 games, during the last
Visa Foundation outlines commitment to support women entrepreneurs in Africa
Visa Foundation announced that it expects to contribute $5 million in grants and impact investments in Africa that will support women’s participation in the digital economy. The Foundation investments coincide with US Vice President Kamala Harris's tour to Africa and the establishment of a new Women in the Digital Economy Fund, and they follow Visa's
Building A Business One Person At A Time
Several firms, particularly in recent years, have stressed that their most valuable resource is people. Nonetheless, there can be a major disconnect between a company's cultural statement and the realities of day-to-day commercial life. While most chief financial officers recognise the importance of personnel to a business, they frequently overlook opportunities to go beyond viewing
AI: The Most Rapidly Adopted Business Technology in History
“Gradually. Then, sudden." This was spoken by Mike, a character in Ernest Hemingway's novel The Sun Also Rises, in response to how he became bankrupt. If the narrative had been written 100 years later, he may have been alluding to artificial intelligence, which has gone from a distant inevitability on the outskirts of commercial acceptance
Samsung investors bracing for their lowest profit in 14 years
Due to a significant downturn in tech demand that resulted in losses at its semiconductor division, Samsung Electronics is on track for its lowest profit since the global financial crisis, if not longer. Analysts predict the South Korean chipmaker, which announces preliminary results for the March quarter on Friday, will disclose an operating profit drop
Load shedding is killing 5G in South Africa
The South African telecoms business is changing. On the one hand, 5G network deployments are accelerating, with the recent announcement that Nokia has won a big contract to expand MTN's 5G network to over 2 800 more locations across the nation. On the other hand, there appears to be no end in sight to South
Vodafone has received unsolicited interest in its major Spanish operation
According to persons familiar with the situation, Vodafone Group's Spanish division is garnering acquisition interest from possible purchasers. According to the sources, private equity and strategic bidders have approached the British telecoms business. While there is no official selling mechanism in place for the unit, Vodafone said it would accept offers at the right price.
EOH shares are rising as outlook improves
EOH Holdings shares climbed more than 5% in Johannesburg on Wednesday morning after the IT services firm released its first financial results following its recent rights issuance. The business, which has been through the ringer in recent years after investigations revealed it was a key player in public sector corruption, claimed it earned an operational
Bill Gates opposes proposals to halt AI development
Proposals to halt AI development would not "solve the challenges" that lie ahead, Microsoft co-founder Bill Gates said in his first public remarks since an open letter triggered a discussion about the technology's future. The technologist-turned-philanthropist stated that it would be preferable to focus on how to effectively employ AI breakthroughs, since it was difficult
iPhone maker Foxconn reports weak financial results
Hon Hai Precision Industry's revenue climbed by just 3.9% last quarter, highlighting how economic worries are restricting demand for iPhones and other consumer goods. The world's largest Apple gadget manufacturer, widely known as Foxconn, posted sales of NT$1.46 trillion (R858 billion) for the typically sluggish March quarter. Even yet, this is a significant decrease from
Elon Musk is one of 1,000 Tech leaders who signed an open letter calling for a halt to AI due to "profound risks"
Elon Musk is one of over 1,000 industry leaders asking for a halt to AI development owing to the “profound risks to society and humanity” it poses. The open letter, released by the non-profit Future of Life Institute, expresses significant worry regarding "AI systems with human-competitive intelligence," according to The New York Times. The letter warns
The government has formally ended the state of disaster for the power outage
The government has formally ended the national state of calamity declared just under two months ago to deal with South Africa's energy issue. Thembi Nkadimeng, Minister of Cooperative Governance and Traditional Affairs, said in a gazette released shortly before noon on Wednesday that the state of disaster had been lifted. "All regulations and directions made
With R19 billion merger, Investec unites its UK wealth business with Rathbones
Rathbones Group has agreed to purchase Investec's UK wealth management division in an all-share deal worth £839 million (R18.7 billion). According to a statement issued Tuesday, Investec will be a minority stakeholder in the larger Rathbones firm, with a 41.25% interest and 29.9% voting rights. According to the firms, the merger will result in a
Diesel prices significantly reduced for April, with slight changes in petrol pricing
On Wednesday, the price of diesel will be reduced by more than 73 cents per litre, with a 1 cent drop in 93 unleaded petrol and a 2 cent increase in 95. According to the department of natural resources and energy, diesel 0.05% sulphur will be reduced by 73.58c per litre, while 0.005% sulphur would
Pioneering Performance: Unlocking New HUAWEI Mate50 Pro Capabilities
The HUAWEI Mate50 Pro is stylishly designed and available in two fashionable colours: Silver and Black, all of which highlight the smartphone's distinct textures. Orange is the eye-catching vegan leather variant designed for customers who enjoy vibrant colours. The beautiful appearance, however, is not the only characteristic that distinguishes the HUAWEI Mate50 Pro. The smartphone's
SES and Intelsat are considering to come together To counter Musk's Starlink
Following decades of rivalry, two Luxembourg-based satellite competitors are considering a merger in order to take on a space industry upstart – billionaire Elon Musk. If the merger is successful, SES and Intelsat will form Europe's largest satellite firm. They are both residents of the Grand Duchy of Luxembourg, one of the world's tiniest countries.
Purchasing Managers’ Index (PMI) ) ticked down slightly in March to 48.1 from 48.8 in February
The seasonally adjusted Absa Purchasing Managers' Index (PMI) fell to 48.1 in March from 48.8 in February. After a strong start to the year, the indicator indicated a worsening in business conditions in the manufacturing sector for the second consecutive month. Yet, when the performance of the business activity index is considered for the full
Cape Town will hold its largest electricity tender This week
This week, the City of Cape Town will invite bids for its largest power purchase deal of 500MW. To mitigate the impact of load shedding in Cape Town, the City is looking into shorter contracts with private power producers. According to News24, the next contract is part of a three-phase procurement procedure for load shedding
With planned property tariff increase, Johannesburg ratepayers might pay three times the inflation rate
According to Ben Espach, director of valuations at rates expert firm Rates Watch, if the City of Johannesburg follows forward with its proposed tariff rises based on updated property assessments, ratepayers might end up paying three times the rate of inflation more. "If the City of Johannesburg wants to act responsibly towards its ratepayers, it
Eskom has been excused from reporting irregular and wasteful spending in its accounts
Under a special government proclamation published on Friday by Minister of Finance Enoch Godongwana, Eskom was excused from declaring irregular and unproductive expenditure in its yearly financial statements. The gazette, which was released on the final day of the fiscal year, exempts Eskom from Section 55 (2) (b) I of the Public Financial Management Act