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From Bets to Budgets: Affordability and Betting in SA
Switch on the TV, and you'll be hard-pressed to find a sports team not endorsed by an online betting company. The online gambling market in South Africa is set to hit a revenue of USD 828.50m this year, with an estimated 3.6 million users by 2028. As the wave of online gambling sweeps across South
Amazon’s iRobot deal set to be blocked by EU
The European Union's antitrust regulator is expected to block Amazon.com Inc.'s proposed $1.4 billion acquisition of iRobot Corp., the maker of Roomba vacuum robots. The decision, which was conveyed to Amazon at a meeting with European Commission officials, raises concerns about potential harm to other robot vacuum manufacturers. While the final decision requires formal approval
Kenya reveals an end to G2G oil supply deal
The Kenyan Government is set to exit its Government to Government (G2G) deal that it had launched back in April 2023. The G2G oil supply deal was an agreement between Kenya and three national oil exporters from the Gulf, and it was launched by Kenya's president William Ruto last spring in a bid to stop
South Africa’s first Eskom-free electric car charging station, Zero Carbon Charge coming soon
Zero Carbon Charge is on track to complete South Africa's first fully off-grid electric vehicle (EV) charging station by June 2024, as revealed by co-founder and director Andries Malherbe. The company initiated construction of its inaugural EV charging site along the N12 between Klerksdorp and Wolmaranstad on the 20th of November 2023, with plans to
South African miners leave behind Transnet for Mozambique port
Deteriorating ports and rail infrastructure in South Africa are benefiting Mozambique and other African countries, according to Dr. Azar Jammine, chief economist at Econometrix. The significant volume increases at Mozambique's Maputo Port are seen as a direct result of challenges faced by South Africa's ports in Durban and Richards Bay over the past year. Businesses
Shamba Pride raises $3.7M to grow its merchant network
Since 2016, the Kenyan company, Shamba Pride has been dedicated to improving last-mile distribution for farm inputs and addressing price exploitation and quality issues for farmers through its merchant network, known as digishops. The agtech firm has successfully established a network of 2,700 merchants (agro-dealers) spanning 24 counties in Kenya, covering just over half of
Investors investing money into AMD on AI bets
Advanced Micro Devices (AMD) recently experienced its most impressive week since November, and it went on to surpass even the highly regarded AI-focused Nvidia as optimism surrounding the semiconductor industry's growth intensifies. Closing at a record high on Thursday, AMD shares continued their upward trajectory with a 7.1% increase on Friday. Notably, they have surged
Key Applications and Innovations To Revolutionizing Africa with Blockchain
Amid the widespread excitement, blockchain technology is proving to be a game-changer across various industries in Africa. Contrary to skeptics who may limit its utility to cryptocurrencies, blockchain's applications have diversified significantly, with efforts underway to harness its potential for tangible, real-world benefits. 1. Simplifying Payment Systems: Blockchain is poised to streamline payment systems for
Google’s latest AI-powered updates on Search
The latest AI-powered updates to Google Search include the introduction of Circle to Search and an AI-powered multi-search experience. These updates aim to enhance the user experience by allowing more natural and intuitive ways of searching for information. Here's a breakdown of the key features: Circle to Search: This feature enables users to search for
Samsung introduces the Galaxy Ring health tracker
At its Unpacked product launch event in San Jose, California, Samsung Electronics provided a sneak peek of its upcoming smart ring, the Galaxy Ring, aiming to intensify its competition in health technology, particularly against Apple. Although specific details about the Galaxy Ring were not extensively shared, Samsung highlighted its integration with various sensors and compatibility
Nearly Half of Companies at Risk Within Decade Due to AI and Climate Change: Survey
A recent survey by PricewaterhouseCoopers (PwC) reveals that nearly half of global CEOs believe their business models may become unsustainable within the next decade due to the rapid evolution of technologies like artificial intelligence (AI) and escalating climate challenges. The survey, conducted among 4,702 CEOs worldwide, indicates a notable increase from 39% in 2023 to
BMW boldly intensifying its focus on EVs
Amidst a trend of automakers scaling back their electric vehicle (EV) plans, BMW is boldly intensifying its focus on electric mobility. BMW's CFO, Walter Mertl, recently declared a pivotal moment for combustion engines, stating that the tipping point occurred last year. With fossil fuel vehicle sales plateauing and anticipating a gradual decline, the German automaker
Bank Zero looking to introduce smartphone tap payments
Michael Jordaan, Chairman of Bank Zero, has revealed that South Africa's youngest digital bank is actively developing three new features. The upcoming features include the integration of smartphone wallets for tap payments, with the possibility of supporting platforms like Google Pay, Apple Pay, and Samsung Pay. Jordaan mentioned the new features as Pay Many, which
Iowa accuses TikTok of lying about content available to kids in a new lawsuit
Iowa is taking legal action against TikTok, alleging that the social media platform deceives parents about the nature of content available to young users. The lawsuit filed by Iowa Attorney General Brenna Bird claims that TikTok hosts inappropriate content, including "sexual content, drugs, alcohol, intense profanity, self-harm messages, and other X-rated content," making such videos
The AI PC Innovation: The most significant development in the PC industry
The emergence of "AI PCs" this year, featuring silicon designed for accelerated artificial intelligence tasks, is hailed as the most significant development in the PC industry in a quarter-century, according to Nitesh Doolabh, the country manager at Intel South Africa. The integration of neural processing units (NPUs) into Intel's next-gen laptop and desktop CPUs is
Tunisian AI Company, Imaginario Secures $1 Million in Pre-Seed Investment
Tunisian-based startup company, Imaginario AI, specializing in AI-assisted video and audio content processing, has successfully secured $1 million in a pre-seed funding round, signaling a significant step toward its international expansion goals. Led by 216 Capital, the investment round saw participation from various backers, including Blue Lake VC, Earthling Ventures, Comcast NBCUniversal, and Techstars. Founded
Bolt Nigeria set to ban drivers who solicit offline trips
Bolt Nigeria has announced its decision to suspend the accounts of drivers engaging in offline trip solicitations to bolster the safety and security of riders. The company disclosed this information in a statement to Technext, unveiling a new feature in its app allowing riders to cancel trips specifically when drivers request payment off the app.
Vodacom Group ranked Africa’s Top Employer
Vodacom Group has been ranked by the Top Employers Institute as the continent’s number one employer. This prestigious certification and first place ranking has also been awarded to Vodacom South Africa and Vodacom Mozambique. Each year, the Top Employers Institute certifies organisations who are focused on putting their people first through exceptional Human Resource (HR)
HONOR Set to Pack the Punch with Launch of HONOR X9b 5G
Global technology brand HONOR has announced the upcoming launch of the brand-new HONOR X9b 5G in South Africa, the latest addition to its trustworthy and reliable X Series line-up. Combining exceptional display quality, expansive photography capabilities and enhanced battery and hardware performance, the HONOR X9b 5G sets a new benchmark for mid-range smartphones in the
Cleaner public transport beckons with new project
By the end of 2025, South Africa’s first electric commuter buses could be on the roads of Tshwane and eThekwini municipalities as part of pilot project funded by the Global Environmental Facility and managed by the Development Bank of Southern Africa (DBSA) and the South African National Energy Development Institute (SANEDI). SANEDI, which was appointed