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Sony Group Corp. Halts PSVR2 Production Amid Slow Sales
Sony Group Corp. has decided to halt production of its PSVR2 headset temporarily as it struggles with a backlog of unsold units, sources familiar with the matter revealed, casting doubts on the attraction of virtual reality gadgets. Since its launch, sales of the $550 wearable accessory for the PlayStation 5 have steadily declined, resulting in
OPPO Elevates IoT Experience in South Africa with Innovative Product Lineup
OPPO, renowned globally for its cutting-edge smart devices, is set to revolutionize the Internet of Things (IoT) ecosystem in 2024, with a specific focus on the vibrant South African market. For those unfamiliar, IoT refers to a network of interconnected physical objects that communicate and exchange data, ushering in smarter and more automated experiences for
Apple's Shifting Landscape: A Tale of Growth, Stagnation, and the AI Quandary
For over two decades, Apple has stood as the epitome of success in the stock market, moving from a niche computer manufacturer to the world's most valuable corporation. Its rapid rise has made its shares a staple in investment portfolios globally. However, recent times have seen Apple's aura dim as the spotlight shifts to artificial
Swisscom to Acquire Vodafone Italia for €8 Billion, Merging with Fastweb Business
In a significant move within the telecommunications sector, Swisscom has announced its agreement to acquire Vodafone Italia for a staggering €8 billion (approximately R163 billion). This strategic acquisition will see Swisscom merging the acquired carrier with its own Fastweb business, consolidating its position in the market and expanding its footprint. The acquisition will be financed
AI-Powered Mobile Phone Gives Offline Access to Information
Kehinde Olutubosun, a geography and animal enthusiast from Nigeria, faced challenges accessing information due to his visual impairment and lack of access to a smartphone. However, a revolutionary solution is changing his experience – an artificial intelligence-powered mobile phone that operates offline. Introduced by Canada-based Viamo in Nigeria just last month, this innovative service enables
Heirs Holdings Introduces Heirs Technologies Limited to Drive Africa's Digital Transformation
Heirs Holdings, the renowned African investment firm founded by Tony Elumelu, has unveiled its latest venture, Heirs Technologies Limited. This new subsidiary is poised to spearhead Africa's digital evolution by offering innovative solutions tailored to local needs. With a diverse investment portfolio spanning sectors such as power, energy, finance, hospitality, real estate, healthcare, and now
FNB Connect CEO Sashin Sookroo Embraces Rising Competition in MVNO Market
The landscape of the mobile virtual network operator (MVNO) market is evolving, and Sashin Sookroo, CEO of FNB Connect, sees this as a positive development. MVNOs, like FNB Connect, function similarly to traditional mobile network operators (MNOs) but without owning their own connectivity infrastructure. Instead, they leverage roaming agreements with MNOs to provide cellular services
Pernod Ricard Welcomes new CEO, Sola Oke
Pernod Ricard Africa proudly announces the appointment of Sola Oke as its new Managing Director for Africa, effective March 2024. Oke's selection follows a rigorous, transparent, and merit-based process aligning with Pernod Ricard's commitment to upholding the highest organisational standards in recruitment. Oke brings extensive experience to his new role, and his transformative and collaborative
How Tax Automation Can Boost SA's Digital Economy
Experts frequently assert that digital technology has the potential to boost GDP and elevate living standards, a sentiment that holds considerable weight. A study published in the Frontiers in Public Health journal in 2022 by Chinese researchers highlighted a robust correlation between GDP growth and nations with minimal digital disparities. Furthermore, research conducted by the
Infinix Unveils Groundbreaking Cheetah X1 Chip to Revolutionize Fast Charging Technology
Infinix, the innovative tech brand renowned for its appeal to young consumers, is thrilled to introduce its latest breakthrough: the debut of the self-developed power management Cheetah X1 chip. This cutting-edge chip serves as the cornerstone for the highly anticipated All-Round FastCharge 2.0, set to debut in the upcoming NOTE 40 Series of smartphones. The
Apple Expands AI Portfolio with Acquisition of DarwinAI
In a strategic move to boost its artificial intelligence (AI) capabilities, tech giant Apple has reportedly added Canada-based startup DarwinAI to its acquisition roster. According to Bloomberg, DarwinAI specializes in vision-based technology tailored for manufacturing processes, aimed at enhancing efficiency and productivity. While neither Apple nor DarwinAI has officially confirmed the acquisition, indications emerged when
Paytm Secures Vital License to Sustain Operations Amid Regulatory Challenges
India's leading digital payments platform, Paytm, has successfully obtained a crucial license essential for its survival and the uninterrupted functioning of several core features of its flagship payments app. The timely acquisition of this license comes on the eve of the impending cessation of operations for the firm's banking unit, Paytm Payments Bank, due to
Zscaler Bolsters Cloud Security Arsenal with Avalor Acquisition
Zscaler, a prominent player in the cloud security domain headquartered in San Jose, California, has made waves in the cybersecurity realm with its recent acquisition of Avalor, a budding cybersecurity startup, just 26 months after its inception. The acquisition, reportedly valued at $310 million in cash and equity, marks a strategic move by Zscaler to
Google and Caxton: From Partners to Competitors in South Africa's Media Landscape
What once began as a promising partnership between tech giant Google and South African publisher Caxton CTP Publishers has now evolved into an unequal relationship, with both entities vying for the same content and revenue streams. This revelation surfaced during Caxton chairman Paul Jenkins' testimony at the ongoing public hearings conducted by the Competition Commission,
Spotify Introduces Full-Length Music Videos in Premium Beta Launch
Swedish music streaming giant Spotify is set to revolutionize its platform by introducing full-length music videos in a limited beta launch exclusively for premium subscribers. This move marks Spotify's foray into a domain long dominated by YouTube, signalling a strategic shift in the company's offerings after nearly two decades of YouTube's dominance in the market.
Internet Disruptions Plague South Africa Amid Undersea Cable Breaks
South Africa struggled with widespread internet disruptions on Thursday as multiple undersea cable breaks wreaked havoc on the country's connectivity. Vodacom spokesman Byron Kennedy confirmed to TechCentral that the internet disruptions stemmed from undersea cable failures between South Africa and Europe, affecting various network providers including Vodacom. The incident, reported at 2:22 PM on Thursday,
inDrive Secures $150 Million in Financing Extension Round
In a significant development within the mobility technology sector, ride-hailing app inDrive has successfully raised $150 million in a financing extension round. This milestone comes just over a year following the initial infusion of $150 million from General Catalyst in February 2023. Dmitry Sedov, Chief Financial Officer at inDrive, revealed that the financing extension possesses
Rectron enables a drone startup to expand and drive innovation in the SA industry
Information and communications technology distributor Rectron has partnered with NTSU Aviation Solutions, a comprehensive remotely Piloted/Unmanned Aircraft Systems (UAS or drones) service provider, to enable it to grow skills and infrastructure in this critical, yet severely under-resourced industry. With an investment of over R650 000, Rectron is empowering NTSU Aviation to invest into placing drone pilots,
Reliance Expands Entertainment Business with Acquisition of Paramount's Stake in Viacom18
Reliance, led by Mukesh Ambani, has announced its acquisition of Paramount Global's 13% stake in Viacom18 for $517 million, signalling a significant move in Asia's entertainment industry. This acquisition comes shortly after Reliance struck a multibillion-dollar deal with Disney, further solidifying its presence in the sector. The transaction will increase Reliance's stake in Viacom18, which
Omnispace Partners with MTN Group to Expand Mobile Connectivity Across Africa
Omnispace, a US-based satellite broadband service provider, has joined forces with MTN Group in a collaborative initiative aimed at enhancing the mobile operator's terrestrial mobile network. The partnership between the two companies will harness 3GPP (mobile) standards to deliver services to mobile consumers and enterprise internet-of-things (IoT) customers across MTN's markets in Africa. Ram Viswanathan,