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Nigeria's NNPC obtains a $3 billion loan for stabilising the foreign exchange market
The country with the biggest economy in Africa, Nigeria has been working to increase its reserves and stop the decline of its currency, which has now fallen to record lows on the black market two months after trading restrictions were loosened on the official market. After meeting with with President Bola Tinubu to examine methods
Tesla says data breach affecting over 75,000 people was “insider wrongdoing”
The data breach in May at Tesla Inc. impacted more than 75,000 people, and included employee-related records and was a result of “insider wrongdoing,” according to a notice posted by the office of the Maine Attorney General Friday. The total number of people that were affected by this was 75,735, including nine residents of Maine.
‘Broken’ solar panels specifically manufactured for South Africa
Reports have confirmed that a European company purposefully produces solar panels with broken corners and cracked glass to make them less attractive to criminals in South Africa. The executive director at the Southern African Agri Initiative (SAAI) and founder of Son SA, Theo de Jager is the one that made this revelation during an interview
(SPONSORED) Top 5 Reasons Car Insurance Claims Get Rejected & How to Avoid Them
South Africans love leisurely road trips, and it’s no surprise with a country made up of long, open roads. But, if you’re in an accident and haven’t kept your car insurance up to date, love can soon turn to hate. Of course, you will have read your policy terms and conditions carefully at the start,
South Africa in need of R140 billion to stop water infrastructure collapse
In order for South Africa to replace its ageing bulk water infrastructure it will need R140 billion, and take R1.4 billion annually to maintain, with the private sector increasingly unwilling to fund due to poor local governance, unreliable payments, a lack of skills, and complex municipal processes. Dr Valerie Naidoo who is the executive manager
Airtel Africa CEO Olusegun Ogunsanya sells 666,174 shares
One of Africa’s leading telecoms companies, Airtel Africa has made an announcement for a sale of 666,174 ordinary shares by its CEO, Olusegun Ogunsanya. Carried out on the 4th of August at the London Stock Exchange (LSE), the deal involved the sale of 666,174 shares at the rate of £1.37 per share. Ogunsanya gained £757,
South Africa produces first-ever electric taxi
Even though South Africa is struggling with a major load-shedding crisis, but that doesn’t seem to be stopping its transition to green energy. A group from government-owned Stellenbosch University (SU) is currently testing what could become the country’s first-ever electric taxis. The expectation is for the taxis to travel for up to 120 kilometres before
Musk decrees there will be no more user blocking on X
X, formerly known as Twitter, is going to remove the protective feature that lets users block other accounts, owner Elon Musk said on Friday in another controversial move for the company he bought last year. The point of having the block function on X, is so that users can restrict specific accounts from contacting them,
Bridging the Gap Between Applications and Data
In today's dynamic business landscape, where data reigns supreme and agility is the game changer, the convergence of applications and data has emerged as a fundamental force propelling organisations toward success. The quest to unlock the true potential of data-driven insights and streamline operations has given rise to a paradigm shift: Simplifying platform integrations. The power
Make moves with Momentum’s #SOHS campaign!
It’s Women’s Month and Momentum has kicked off its annual exciting #SheOwnsHerSuccess campaign. Now in its fifth season, this year presents an array of exciting Masterclasses with world class speakers, panel discussions that will provoke interesting discussion and aims to have impact on its audience. The campaign aims to empower women with tools and advice
Vodacom and MTN Want Big Internet Companies To Start Paying Them
South Africa’s leading mobile operators Vodacom and MTN, want big internet companies such as Netflix to pay them for using huge volumes of data traffic over their networks. According to the telecommunication giants' argument, they spend a large part of their revenue developing infrastructure that “over the top” (OTT) service providers like Netflix benefit from
Satya Nadella, Microsoft CEO Says AI is a Tidal Wave As Big As The Internet
Microsoft CEO Satya Nadella said he believes the impact of artificial intelligence will be just as profound as the internet. In 1995, in a memo, Microsoft co-founder Bill Gates called the internet a “tidal wave” that would be crucial to every part of the company’s business. “The Bill memo in 1995, it does feel like
South Africa Aims to Seal A Deal With China On Solar Panels
South Africa’s electricity minister Kgosientsho Ramokgopa said he expects to seal a deal with the Chinese government next week that will help solar-panel installers in the African nation secure for projects needed to tackle its energy crisis, According to Daily Maverick report. Kgosientsho Ramokgopa said in an interview with Bloomberg TV in the city on
Samsung Electronics Co. cut its stake in ASML Holding NV by more than half in the second quarter
Samsung Electronics has cut its stake in ASML Holding NV by more than 50% according to its recent filings. In its semi-annual report said, Samsung had 2.75 million shares in ASML as of the end of June, which shows a 50% percentage decrease in its shares from 6.3 million shares in the first quarter. According
Google to train 20,000 Nigerian Women in digital skills
According to Google Africa executives, the company is set to train 20 000 Nigerian women and youth in digital skills and provide a grant of ₦1.2-billion naira (R30-million) to help the government create one million digital jobs in the country, according to Reuters. The Africa executive said the programme will be facilitated by grant from its
Amazon Launches First AWS Skills Centre in South Africa
Amazon Web Services has launched its third AWS Skills Center in Cape Town, South Africa. This centre will be Amazon Web Services' first centre outside the US. In a statement, AWS said The skills centre aims to dedicate in-person learning space “designed for anyone who is curious about cloud computing and career possibilities in the
(SPONSORED)What's The Difference Between Comprehensive Car Insurance vs Third-Party Insurance?
Having a car makes life more convenient in so many ways. However, if you don’t take the necessary measures to protect your vehicle, it could end up costing you more than anticipated. Car insurance protects you from paying through the nose for repairs often caused outside of your control. Most car owners know that you
Service-led business achieving strong growth; Group investing further US$1 billion in AI innovation
Lenovo Group announced first quarter results, reporting Group revenue of US$12.9 billion and net income of US$191 million on a non-Hong Kong Financial Reporting Standards basis. Revenue from the non-PC businesses accounted for 41% of Group revenue, with the service-led business achieving strong growth and sustained profitability – further demonstrating the effectiveness of Lenovo’s intelligent
Ransomware Endemic: Veeam Reveals Route to Immutability, Resilience and Data Recovery at VeeamON Tour: Expand 2023
According to the Veeam Ransomware Trends Report 2023, 93% of attacks target backup repositories and 45% production data. This means that ransomware is here to stay, and businesses must adapt to this reality by strengthening their defences. Veeam® Software, the leader in Data Protection and Ransomware Recovery, has showcased how South African businesses can effectively tackle cybersecurity during the
Lula – An all-in-one cash flow management platform for SMEs
South Africa's leading SME-focused fintech, Lulalend, has evolved into Lula, a one-stop, cash-flow management and business banking solution. This rebranding marks a critical evolution from a funding provider to an 'all in one cash flow management platform designed to simplify financial management for SMEs. “Guided by our core belief that SMEs are the lifeblood of