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  • TechnologyThandile Thobela08 Feb 2023

    Microsoft is deleting the data of free Teams corporate users unless they purchase a premium subscription

    Unless customers subscribe to a commercial version, Microsoft will destroy data from the free tier of its Teams productivity programme for small enterprises. The business just introduced a new Teams edition that includes an AI-powered Premium iteration. Along with the new Premium edition, Microsoft is introducing an upgraded "Teams (free)" service and will phase down

  • Trade & IndustryThandile Thobela08 Feb 2023

    Pick n Pay spends roughly R350 million on diesel in just ten months

    Retailers encourage the government to come up with a long-term solution to load shedding as soon as possible. Despite increased sales, supermarket retailer Pick n Pay said it spent about R350 million on fuel to keep generators operating at its stores in order to avoid the effects of load shedding on its operations. Consumer demand

  • Trade & IndustryThandile Thobela08 Feb 2023

    There's a lot to read in Spar CEO's easy exit

    The wording employed by the board to describe Brett Botten's departure minimises the gravity of the situation. What should the board do when its CEO is embroiled in a minor but damaging incident involving dubious accounting practises? Of course, you'd fire him, right? But it was too much for Spar, one of the country's largest

  • Funding & FinanceThandile Thobela08 Feb 2023

    Slight but uninspiring increase for the BETI in January

    ‘More-of-the-same’ can be expected in 2023 as challenges to the economy prevail After breaking six months of declines in December, the BankservAfrica Economic Transactions Index (BETI) improved again in January 2023. Yet, despite this positive movement, ‘more-of-the-same’ can be expected this year as economic woes prevail. “The BETI improved to an index level of

  • Trade & IndustryThandile Thobela08 Feb 2023

    <strong>AfriSam sets the standard in sustainable business practices</strong>

    AfriSam is the long-standing leader of sustainable construction materials manufacturing in South Africa, having reduced its carbon emissions by 33% since 1990, leading the pack in South Africa to decarbonise cement manufacturing. The cement conglomerate emphasises its sustainability push to 'green' the sector at several levels at the same time, positioning it as a pioneer in

  • Funding & FinanceThandile Thobela08 Feb 2023

    Apple expands the testing of its interest-free "buy now, pay later" offering

    Apple Inc. has expanded an internal test of its forthcoming "buy now, pay later" service to the company's thousands of retail employees, indicating that the long-awaited feature is approaching completion. According to Apple employees who begged not to be identified, the tech giant approached retail employees last week to give them a prototype version of

  • News & OpinionThandile Thobela08 Feb 2023

    Insurance providers in South Africa have included an exclusion for total Eskom grid failure

    Several major South African insurance firms have refused to cover their clients for certain damages caused by Eskom's power grid outage. Moneyweb broke the story after obtaining an email from Hollard Insurance informing consumers of a new "Electricity Grid Failure" exclusion added to their plans. Hollard spokeswoman Warwick Bloom noted that although a total grid

  • News & OpinionThandile Thobela08 Feb 2023

    In South Africa, 82% of grade 4 students are unable to read for meaning

    Fewer primary school students can read for meaning now than before the Covid epidemic, and the majority of children entering grade two are illiterate. Despite the fact that there is a literacy crisis, there is no national reading strategy, no suitable funding, no reliable reporting, and no progress on implementing critical interventions. The findings of

  • Funding & FinanceThandile Thobela07 Feb 2023

    Exciting News for Property owners in Cape Town

    The City of Cape Town is developing a new online gateway to let the public and professionals transact development-related business with the City's Development Management Department. The new portal, billed as a one-stop shop for city development operations, will go live on February 27th, providing expanded services to citizens and professionals who have already enrolled

  • News & OpinionThandile Thobela07 Feb 2023

    South Africa has 26 megaprojects planned, including a new R5 billion smart city and a major push towards renewable energy

    Nedbank has released its revised Capital Expenditure Project Listing for 2022, which details the major capital projects presently ongoing in South Africa. According to the bank, fixed investment activity in the nation would moderate in 2022 as significant local and domestic headwinds unsettle and erode company confidence. The value of new projects announced this year

  • TechnologyThandile Thobela07 Feb 2023

    WhatsApp is getting a significant photo and video sharing update

    WhatsApp will more than triple the existing limit for the amount of media assets users may share in a single message. According to WABetaInfo, the most recent Android beta update of the popular chat app allows some users to share up to 100 movies, photos, or other files at once. Currently, WhatsApp users who are

  • Trade & IndustryThandile Thobela07 Feb 2023

    Load-shedding costs South Africa up to R899 million each day

    According to central bank estimates, South Africa's energy problem costs the economy up to 899 million rand ($51 million) every day. Rolling blackouts lasting 6 to 12 hours a day, or so-called stage 3 and stage 6 outages, cost the economy between 204 million and 899 million rand per day, according to the South African

  • News & OpinionThandile Thobela07 Feb 2023

    Dell is laying off 6,650 workers as PC sales plummet

    Dell Technologies Inc., the latest technology company to announce thousands of job cutbacks, is removing around 6,650 positions due to falling demand for personal computers. Dell stated in a regulatory filing early Monday that the layoffs equal to around 5% of its global staff. Dell is dealing with market circumstances that “continue to erode with

  • TechnologyThandile Thobela07 Feb 2023

    South Africa's Internet traffic has increased by 500,000%

    Internet traffic passing through South Africa's largest Internet exchange, NAPAfrica, has increased by more than 500,000% in just over a decade. Teraco, Africa's largest data centre operator, established NAPAfrica in March 2012 as a vendor-neutral Internet exchange point for South Africa. It enables organisations with Internet-hosted content and services to peer locally by deploying equipment

  • Trade & IndustryThandile Thobela07 Feb 2023

    Eskom must hike prices or die — André de Ruyter

    Eskom Holdings SOC Ltd. requires debt relief in addition to price rises to survive, according to departing CEO Andre de Ruyter, who has managed the company for three years while South Africa's power outages have worsened. The continent's largest industrialised nation has experienced 100 consecutive days of power outages due to supply problems caused mostly

  • Trade & IndustryThandile Thobela07 Feb 2023

    Eskom has announced more load-shedding, here is the latest schedule

    Eskom has declared that load-shedding would no longer be reduced as of Wednesday. Load-shedding will instead stay at stage 4 between 16:00 and 05:00 and stage 3 between 05:00 and 16:00 everyday until further notice. Eskom has previously stated that it intended to minimise power outages to an alternate schedule of stage 2 and stage

  • Founder StoriesThandile Thobela06 Feb 2023

    Top speaker line-up announced for 2023 FORBES WOMAN AFRICA Leading Women Summit

    Some of the continent's most powerful women will address difficult themes centred on this year's theme, Women 3.0: The Icons and Ideas Shaping Africa. The organisers are thrilled to provide viewers a behind-the-scenes look at some of the speakers who will be featured in the 8th FORBES WOMAN AFRICA Leading Women Summit, which will take

  • TechnologyThandile Thobela06 Feb 2023

    How much do South African mobile service providers spend on their networks

    When it comes to network investment, Vodacom has surpassed South Africa's other main mobile providers in the last year. MyBroadband compared the capital invested on networks by MTN, Vodacom, Cell C, and Telkom in the previous year. The mobile network provider paid R11.1 billion on network expansion and maintenance, compared to R9.1 billion spent by

  • TechnologyThandile Thobela06 Feb 2023

    Elon Musk says Twitter has avoided bankruptcy

    Elon Musk claims that Twitter Inc. is "trending to breakeven" after rescuing it from "bankruptcy." The billionaire stated in a tweet on Sunday that the previous three months had been "extremely difficult." He had to balance his obligations at Tesla Inc. and Space Exploration Technologies Corp., or SpaceX, with the rescue of the social-media platform.

  • News & OpinionThandile Thobela06 Feb 2023

    One hundred days of nearly continuous load shedding

    South Africa is approaching 100 days of rolling blackouts, the longest period yet, with more to come as the country's electrical situation worsens. According to Bloomberg estimates, Eskom Holdings SOC Ltd., the state-owned corporation that provides virtually all of the energy in Africa's most industrialised economy, has enforced daily blackouts since Oct. 31, making Monday