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Homechoice International Reports Robust Financial Results Despite Retail Challenges
JSE-listed Homechoice International has successfully navigated economic challenges and reported solid financial results, driven by its strategic pivot from traditional retail to fintech services. The group, renowned for its HomeChoice brand, witnessed flat group revenue of R3.7 billion for the year ending December 31, 2023. However, operating profit experienced substantial growth, increasing by 28% year-on-year
Google Restricts Election-Related Queries on Gemini AI Chatbot Globally
Google has implemented restrictions on its AI chatbot, Gemini, preventing it from responding to election-related queries in countries where elections are taking place. This move aims to address concerns about the potential misuse and dissemination of inaccurate or misleading information during the election process. The restrictions have been rolled out in the U.S., India, and
The right business solution, or “tech for tech’s sake”?
In an increasingly digital world, choosing the right technology solutions for a business is crucial for success, but navigating the sea of options can be overwhelming, and making the wrong choice can be costly. From financial reporting solutions to project management tools, each decision carries its own set of risks, and there are a number
2024 Earnings threshold announced
Starting from April 1, 2024, the earnings threshold is set to rise to ZAR 254,371.67, reflecting a ZAR 13,261.08 increase from the existing threshold of ZAR 241,110.59. This adjustment, made pursuant to section 6(3) of the Basic Conditions of Employment Act (BCEA), holds significance for the application of specific provisions within the BCEA, the Labour
SolarMente Seeks to Revolutionize Solar Energy Adoption in Spain
In a bid to accelerate the adoption of solar energy in Spain, Barcelona-based startup SolarMente is introducing a subscription-based model for solar panel installations. Spain, despite its abundant sunshine, lags behind in domestic solar panel installations, a situation partially attributed to a historical "sun tax" that was only abolished in 2018. SolarMente aims to seize
Lucid Motors Faces Trademark Challenge for "Gravity" SUV Name Ahead of Production
Lucid Motors, the electric vehicle (EV) manufacturer, is encountering a potential hurdle just months before the scheduled production of its Gravity SUV. Google Ventures-backed EV charging company Gravity Inc. has filed a "petition for cancellation" with the U.S. Patent and Trademark Office's Trademark Trial and Appeal Board (TTAB), seeking to revoke Lucid's trademark for the
Planet42 Secures Funding from Standard Bank to Repay Euro Loans
South Africa-based rent-to-buy start-up Planet42 has announced a successful fundraising round, securing local-currency debt and equity funding from Standard Bank. The Naspers-backed firm, which has raised approximately US$150 million to date, received R300 million from Standard Bank to aid in repaying costly euro-denominated loans. CEO and co-founder of Planet42, Eerik Oja, highlighted the significance of
FNB Slashes Car Licence Disc Renewal Fees in App, Offering Additional Incentives
In a strategic move to enhance customer convenience and boost engagement, First National Bank (FNB) has once again reduced the price of car licence disc renewals within its banking app. This marks the second reduction in a matter of months, with the price dropping from the already-reduced R99 to a more economical R69. To sweeten
Elon Musk's xAI to Open-Source ChatGPT Challenger Grok
Elon Musk's artificial intelligence start-up, xAI, is set to open-source its ChatGPT challenger, Grok, this week, as revealed by Musk on Monday. This move comes in the midst of Musk's recent lawsuit against OpenAI, the organization he co-founded in 2015 but departed from three years later, accusing it of deviating from its original non-profit mission
Bitcoin Miner Earnings Soar to Record Highs Amidst Crypto Market Resurgence
Bitcoin miners experienced a surge in earnings, reaching unprecedented levels last week, propelled by the ongoing momentum in the cryptocurrency market. On March 7, daily miner revenue hit an impressive $78.6 million, as reported by CryptoQuant, surpassing the previous peak in April 2021 during the last cryptocurrency bull market. This remarkable increase in miner revenues
Activision's Former CEO, Bobby Kotick, Interested in buying TikTok Amid Regulatory Struggles
Bobby Kotick, the former chief executive officer of video game giant Activision, has recently shown keen interest in acquiring the popular video content platform, TikTok. According to sources cited by the Wall Street Journal (WSJ), Kotick conveyed his interest to Zhang Yiming, the co-founder of ByteDance, TikTok's parent company. The potential deal is rumored to
The Purpose-Driven Future of Business
According to a study conducted by the Harvard Business Review, the majority of purpose-driven businesses (58%) witness a growth of at least 10% over a three-year period, surpassing the 42% growth rate of those with a less defined purpose. These compelling statistics, coupled with the increasing focus on wellbeing among Gen-Z and millennial workers, are
Veeam to Jointly Develop AI Solutions with Microsoft for Industry’s #1 Data Protection
Veeam® Software, the top leader in market share for Data Protection and Ransomware Recovery, has officially announced an extended five-year strategic partnership with Microsoft. This collaboration aims to drive innovation in customer protection by integrating Veeam’s product family with Microsoft Copilot and AI services. Beyond joint innovation efforts, the partnership will introduce data protection solutions
How to take advantage of retail trends in 2024
In 2024 and beyond, the most impactful strategy for retailers is recognizing that aspirations and consultative discussions have become more significant than current realities. To leverage the latest trends, retailers should stay grounded and collaborate with reliable partners to realize their technological ambitions. What does this mean? We all know that the future is ambient
A tough start to 2024 with another fuel hike on the cards
Fuel prices have nudged higher so far this year and unfortunately motorists will have to brace for another fuel price increase for March. According to the announcement published on 1 March 2024 by the Central Energy Fund (CEF), a state-owned energy company reporting to the Department of Mineral Resources and Energy, the price of diesel
EQDOM and AUTO24 join forces to simplify the process buying and financing used cars in Morocco
EQDOM and AUTO24.ma, key players in the consumer credit and automotive industries, have forged a partnership to enhance the used vehicle purchasing experience in Morocco, prioritizing a seamless user experience in the transaction process. The collaboration aims to deliver a digital, streamlined, and optimized buying journey, emphasizing customer satisfaction. Leveraging EQDOM's Saphir application, known for
Reddit Inc. and its investors aiming for a valuation of around R122 billion in their upcoming initial IPO
Reddit Inc. and its investors are aiming to raise up to $748 million in one of the most significant initial public offerings (IPOs) this year. The plan involves selling 22 million shares at a price range of $31 to $34 each, potentially valuing the social media platform at $6.5 billion. Notably, around 1.76 million shares
OpenAI's Board Transformation: Sam Altman Returns Alongside New Appointments
OpenAI, the prominent artificial intelligence research laboratory, has undergone a major restructuring, welcoming back Sam Altman to its board of directors. Altman, who previously served as the CEO, was reinstated several months after his departure. The board expansion also includes three new members: Sue Desmond-Hellmann, Nicole Seligman, and Fidji Simo, reflecting OpenAI's commitment to diversity.
Elon Musk's X Platform Set to Introduce Long-Form Videos on Smart TVs
In a recent announcement, entrepreneur Elon Musk revealed that long-form videos will soon be accessible on smart televisions through his social network platform, X. This follows a report by Fortune magazine stating that X plans to launch a TV app for Amazon and Samsung users in the upcoming week. Last October, X introduced an early
Apple Relents in Feud with Epic Games Under EU Pressure, Allowing Epic Store on iPhones
In response to mounting pressure from European regulators, Apple has taken a step back in its ongoing dispute with Epic Games, clearing the path for Epic to launch its own game store on iPhones and iPads in Europe. The move comes after Apple initially took measures to prevent Epic from establishing a store and reintroducing