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PPT Group to harness AI’s potential with Microsoft Copilot
PPT Group, one of South Africa’s premier management consultancy firms, has announced that it will integrate the transformative capabilities of Microsoft Copilot, an AI-powered collaboration tool for Microsoft 365, into its portfolio of client services. "Platform shifts in technology have always defined the eras of innovation. From text-based computing to the GUI, the internet and
Vodacom, Eskom sign historic first virtual wheeling agreement
In a first of its kind in South Africa, Vodacom signed a Virtual Wheeling agreement with Eskom earlier today that will help accelerate efforts to solve the country’s energy crisis. In addition to adding capacity to the nation’s power grid, this agreement – a Vodacom innovation which has been co-developed with Eskom – will also
(SPONSORED) Unexpected Risks That Your Car Insurance May Cover
When you took out car insurance on your new vehicle, it is unlikely you reviewed the policy with a fine-tooth comb. You would rather be enjoying your new ride than reading the fine print, right? This means that while you might know the basics of what is covered by your vehicle insurance, you might not
Africa's Urgent Call to Harness its Critical Minerals Potential
South African Energy Minister Gwede Mantashe has issued a resounding call to action, urging African nations to develop strategies for critical minerals as soon as possible. Speaking at the inaugural African Critical Minerals summit in Sandton, Mantashe emphasised that failure to do so would result in a missed opportunity to capitalise on the continent's vast
Harmony Gold's Robust Financial Year and Increased Dividend
Harmony Gold, South Africa's leading gold mining company, has announced a significant increase in its annual dividend to 75 cents per share, reflecting a surge in profits at its renowned Mponeng mine. Harmony Gold, South Africa's largest gold mining company by volume and a global leader in the reprocessing of old tailings dams, is reaping
Master Drilling Group Reports Strong Double-Digit Revenue Growth in H1 2023
Master Drilling Group, a specialised drilling services provider, reported a significant increase in revenue for the half-year period ending in June. The company attributes its success to years of strategic capital investment, which has resulted in double-digit revenue growth when measured in dollars. In concrete terms, Master Drilling's revenue has increased by 12.1% to approximately
OpenAI Launches Business-Oriented ChatGPT Enterprise Amid Privacy Concerns
In response to growing privacy concerns and declining user engagement, OpenAI, the creator of ChatGPT, has introduced ChatGPT Enterprise, a specialised version of its AI-powered chatbot aimed at the corporate market. This move comes as OpenAI is under fire for the potential risks of AI and its data collection practises. According to an OpenAI blog
Absence from BRICS: A Reflection of Decades of Non-Aligned Policy
The recent statement by Indonesian President Joko 'Jokowi' Widodo cautioning against rushing into membership in the BRICS economic grouping has sparked debate about Indonesia's role in the rapidly changing global economic landscape. Despite its strong economy and potential to become one of the world's top five, Indonesia's absence from the expanded BRICS group, which now
The new look of agriculture: Technology makes efficient and sustainable farming possible
By the year 2050, the global population is projected to surpass 9 billion, presenting a substantial challenge in ensuring an adequate food supply for everyone. Addressing this imperative, the agricultural sector must undergo a remarkable transformation, aiming to increase production by approximately 69% from 2010 to 2050. Farmers spanning from small-scale cultivators to expansive agricultural
Ghana’s government announced that it has reached a deal to restructure USD4bn debt with domestic pension funds and investors
Ghana: The Ghanaian Finance Ministry yesterday announced that the government’s pension fund debt exchange had closed with a 95% participation rate, while the USD-denominated bonds exchange had closed with a participation rate of around 92%. Pension funds have agreed to exchange GHS29.6bn (cUSD2.6bn) of the GHS31bn existing bonds for two new notes with maturities in 2027
Former Google executive Dr. Juliet Ehimuan joins Zenith Bank
It has been revealed by the Board of Directors at Zenith Bank Plc that Dr. Juliet Ehimuan has been appointed as a Non-Executive Director of the bank, effective from August 29, 2023. This news underlies the bank’s commitment to bringing aboard top-tier talent with diverse and impactful backgrounds. The news were disclosed through a corporate
Honor plans to descend on SA’s foldables market
As the flagship smartphone segment to encompass foldable smartphones continues to expand, South Africa is becoming a favoured destination to launch these devices. One of the Chinese smartphone brands, Honor, is planning to bring its latest device to South Africa next year, the foldable Magic V smartphone which debuted at Mobile World Congress 2023. The
Insurance solutions women need to mitigate the ‘what-ifs’
While the role of women in society continues to evolve, so does the need for them to be exposed to financial planning resources that will allow them to fend for and protect their families accordingly. Women are forecast to live longer, according to the World Health Organisation. The life expectancy for men increased to just
Bridging Connectivity Gaps in Africa with FWA Solutions
Addressing the Global Digital Divide Today, the global digital divide persists, with around 1 billion households without fixed broadband, and projections indicating that approximately 30% of households worldwide may still lack broadband connectivity by 2028, according to an Ericsson analysis. At the same time, 3GPP technologies, including LTE and 5G, are poised to offer extensive
BRICS GDP set to increase by 36% after the expansion
The new expectation for the Gross Domestic Product of BRICS is 36 percent of global GDP and 47 percent of the world population. This is coming after there was an announcement of the six nations to the BRICS bloc. The president of South Africa, Cyril Ramaphosa made the announcement saying: “We have decided to invite
Eskom lost R5 billion loss in space of 3 months
In the first quarter of the 2023/24 financial year that ended June 2023, Eskom reported a R5 billion loss before tax. The revelation came from Eskom’s unaudited quarterly results that were presented to the Standing Committee on Appropriations on Tuesday the 29th of August. The company’s net revenue went up to R70.9 billion for the
Cell C looking to grow revenue to R26 billion
Jorge Mendes, the new CEO for Cell C has revealed that they have plans on the pipeline to reach 15% revenue market share in South Africa to become sustainable, which will require a big jump in revenue. In a media briefing this week, Mendes said the telecoms company will be shaking up the South African
Ellies acquisition of Bundu Power gets green light from Competition Commission
Reports have confirmed that the Competition Commission has unconditionally approved Ellies’ proposed acquisition of Bundu Power. Having a lot that was riding on the deal, this is a major milestone for Ellies. The company highlighted the importance of this deal in its annual results that were released at the beginning of August. Ellies had reported
Early Apple computer ad handwritten by Steve Jobs sells for R3.3 million
Handwritten by Steve Jobs, a draft for an advert for the Apple I computer has sold at auction for $175,759 (R3.3 million). According to the RR Auction listing, the piece of paper was expected to make no more than $30,000 (R560,349). It is said that the final bid was nearly six times higher than the
Adumo empowering SME growth through digital payments
It is always very important for merchants to embrace fintech solutions as a safeguard against the challenges posed by fluctuating trade cycles across different industries in today’s business landscape. Adopting innovative financial technologies means that merchants can effectively mitigate the risks associated with inadequate cash flow management, thereby fortifying their resilience and stability in the