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Libya’s stock market resumes 9 years since closure
After a hiatus of over nine years due to political and security challenges, Libya's stock market reopened for trading in the capital, Tripoli. The Government of National Unity's Prime Minister, Abdulhamid al-Dbeibah, and the chairperson of the board of directors, Bashir Mohamed Ashour, along with other officials, marked the occasion by ringing the bell. The
Toyota’s Daihatsu is suspending all domestic production
In the wake of a far-reaching safety testing scandal spanning several decades, Japanese automaker Daihatsu has ceased all domestic production. The Toyota-owned subsidiary, accused of manipulating safety tests dating back to at least 1989, shuttered its four Japanese plants, affecting around 9,000 factory workers. The repercussions are anticipated to disrupt operations for over 8,000 affiliated
Baggage disasters at OR Tambo International
Airports Company South Africa (ACSA) has extended its sincere apologies to passengers who experienced delays in receiving their baggage upon arrival at domestic airports. The incident occurred due to a malfunction in the baggage sorting system at OR Tambo International Airport on Saturday, causing inconvenience for thousands of travelers who were left without their luggage
Ships struggling to deliver goods over overwhelmed African ports
Shipping companies opting to navigate around the Cape of Good Hope to avoid Houthi attacks in the Red Sea are confronting challenging decisions regarding refueling and restocking. African ports, grappling with bureaucratic hurdles, congestion, and subpar facilities, pose a dilemma for these vessels. Numerous large ships are choosing the longer route around the southern tip
Apple looking to launch Vision Pro in February
Apple is intensifying its production efforts for the Vision Pro mixed-reality headset, targeting a launch as early as February, sources familiar with the matter revealed. Manufacturing for the innovative headset is in full swing at Chinese facilities, having been at peak capacity for several weeks, insiders said on the condition of anonymity due to the
Electric car sales skyrocket in Europe
In the period from January to November 2023, electric vehicle (EV) sales accounted for nearly half of all new passenger car registrations in the European Union, a milestone achieved as early as November alone, according to recent data. The European Automobile Manufacturers Association (ACEA) reported that electrified vehicles, encompassing fully electric models, plug-in hybrids, and
Lenovo Launches New Hybrid Cloud Platforms and Services to Accelerate AI
Lenovo has announced it has expanded its hybrid cloud platform for AI with new ThinkAgile hyperconverged solutions and ThinkSystem servers that advance cloud deployment, hybrid connectivity and AI capabilities, powered by the next generation of Intel® Xeon® Scalable Processors. The new AI ready platform delivers improved performance and the latest accelerators as a critical next
Durban BPO organisations come together with local government to give job seekers hope through public-private partnership
For many years, South Africa has been plagued by high youth unemployment rates. The Business Processing Outsourcing (BPO) industry’s approach to recruitment and training offers a unique and sustainable solution to this problem. This impact sourcing model offers young people from disadvantaged backgrounds access to high-quality, tech-enabled, and sustainable employment without the need for previous
Embracing the Future: 2024 Technology Trends and Transformations
Prediction 1: The death of the standalone firewall With more than a third of South Africa’s middle class having adopted hybrid work and the local use of IoT expected to grow 14 percent a year until 2025, the network perimeter has become irreversibly eroded, and the standalone firewall is dying with it. No longer can
Angola exits OPEC over reduced production quotas
Angola declared its exit from the OPEC oil producers cartel on Thursday, because of disagreements over reduced production quotas that surfaced earlier this year. Angola's oil minister, Diamantino de Azevedo said that the country "does not gain anything by remaining in the organization," as reported by the state news agency Angop. Angola had been a
Maximising Profits for South African SMEs through Cross-Border Payments
Business owners in South Africa are no strangers to the challenges of running SMEs. The market is competitive, costs are ever-increasing, and navigating cross-border transactions can be a headache. However, there's good news: small businesses can significantly increase their profitability and grow their businesses faster by finding the right cross-border payments provider. When expanding a business beyond South Africa's borders, one of the most significant
Sungrow to Supply EDF Renewables on South Africa’s First Hybrid Wind-Solar-Battery VPP Project
Sungrow, the global leading PV inverter and energy storage system supplier, signed a supply agreement with French renewable energy group EDF Renewables, to provide 264MWh liquid-cooled energy storage systems and MV transformers, for the Umoyilanga project – South Africa’s first wind-solar-storage integrated virtual power plant (VPP). EDF Renewables, and privately held investment company Perpetua Holdings
3 Schools Emerge as Champions of the 2023 Robogirls Programme, Supported by Lenovo, DUT, and Toyota
Lenovo, in partnership with Durban University of Technology's (DUT) Department of Information Technology and Toyota proudly held the 2023 Robogirl programme. The impactful initiative aimed to empower 75 young girls with comprehensive training in coding, robotics, and the fundamental principles of the Internet of Things (IoT). Selected from 15 schools in the eThekwini area, particularly
50 Years Fast: Alpina Drops Exclusive B3 to Celebrate BMW's SA Anniversary
Alpina, the German company renowned for crafting high-performance versions of BMW cars, has crafted a limited edition sedan to commemorate the 50th anniversary of BMW South Africa. The Alpina B3 AWD 50 Years of BMW South Africa edition, available exclusively in South Africa, comes in the distinctive Alpina Green II metallic paint finish. Inspired by
Encrypt your backup data in the cloud, or risk losing it
In an era marked by the relentless expansion of global connectivity and the rapid evolution of technology, South Africa stands at the forefront of an unprecedented digital revolution. Insights provided by DataReport confirm this development as the number of internet users increased by 357,000 between 2022 and 2023, with internet penetration figures now sitting at 72.3% of
Why skills development will always be a priority investment
January is the start of a brand-new year, and the time when millions of matriculants and recent graduates begin their search for employment. This is likely to be an arduous search for many young people. There are many barriers to entry into meaningful routes into employment for matriculants without further education, and even graduates may
Four security insights to stay safe this festive season
It’s that time of year when businesses begin winding down for the holidays, employees are setting their out of office messages and people are starting to say, “We’ll touch base in January.” While many organisations will be taking a break over the next few weeks, cybercriminals will be ready to take advantage of the more
Holiday Listening: Lula’s Top Podcasts for SME Owners & Entrepreneurs
You’ve worked hard this year, and even the most determined entrepreneur needs to take some time to relax and recharge. Listening to podcasts is a fantastic way to unwind, even if they’re about business, management, and leadership. “Here are some of our team’s top pods to get you through the silly season; to help you
Scatec ignites one of the world’s largest hybrid solar and battery project in South Africa
In a significant step towards a sustainable and resilient future, Scatec ASA, a leader in renewable energy solutions, has officially started producing and supplying electricity to the national grid from the three Kenhardt plants in the Northern Cape Province, in South Africa. The Kenhardt project is positioned to make a notable impact on the renewable
Nigeria ready to receive $6 billion investment from TotalEnergies
French energy giant TotalEnergies has expressed readiness to invest $6 billion (approximately €5.5 billion) over several years in Nigeria's energy sector, with a focus on gas and offshore projects. The announcement was made during talks between TotalEnergies CEO Patrick Pouyanné and Nigerian Head of State Bola Ahmed Tinubu in Abuja. Pouyanné highlighted Nigeria's significance for