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SA TOURISM INTERIM BOARD ACCUSED OF PERSECUTION BY SOME EMPLOYEES
Employees of South Africa Tourism have accused the interim board of using the hotline and whistle-blowing as a means to intimidate and persecute staff members. According to these employees, some executive committee members had their laptops raided and were ambushed under the guise of investigations by the interim board. The employees also claimed that the
BANKING GIANT FRUSTRATES TOWNSHIP BUSINESS, THREATENS TO CLOSE ACCOUNTS
A businessman from Soweto, South Africa, took out a loan of R5.5 million to establish a supermarket franchise called Pilgrims Corner in Naledi. He managed to repay half of the loan in a remarkably short time. However, he now finds himself facing a difficult situation as the bank, Nedbank, has refused to restructure his loan
Tanzania’s Inflation Eases in June, With The Bank of Tanzania Likely To keep It’s Policy Rate Unchanged
Tanzania: Consumer inflation eased to 3.6% y/y in June from 4.0% in May, which was in line with our expectations. CPI rose by 0.1% m/m, lower than the prior month’s 0.2% increase, mainly driven by lower food costs. The food & non-alcoholic beverages index decreased by 0.3% m/m, which together with moderation in restaurants & hotels
Vodacom warns of fast-rising costs
Sitho Mdlalose, MD of Vodacom South Africa has sent a warning that input costs in the telecommunications sector are rising at a faster rate than inflation. Speaking to TechCentral, Mdlalose said, Vodacom has “absorbed a lot of the costs” by implementing the increasing of inflation, resulting to the cost to serve customers is increasing, with
Disney+ app not on Hisense TVs in SA since launched
It seems like South African households have to keep plugging in an additional smart streaming device or laptop to enjoy Disney+ on their Hisense TVs for now as there has been no Disney+ app for Hisense TVs on the company’s Vidaa and Vidaa U operating systems in South Africa. That Hisense’s Vidaa U operating system
Threads Might Add 48 Billion To Meta’s Revenue By 2025
Meta launched Threads last week Thursday and already Millions of users have joined the platform. Even though it is still early days, however, the App shows potential of generating cash for Meta. Threads will reach close to 200 million daily active users and have the potential of generating about US$8 billion in annual revenue over
Key AI researcher leaves Google
One of the best artificial intelligence researcher from Google, one who co-authored one of the tech company’s most influential papers in the field is set to leave the company to launch a start-up. Llion Jones helped write the pioneering AI paper “Attention Is All You Need,” and he gave the confirmation statement to Bloomberg that
Vodacom to invest over R500 million in Eastern Cape to connect the unconnected, drive digital inclusion
Vodacom Eastern Cape region will invest over R500 million into the network and power backup upgrades across the province during the 2023/2024 financial year. This significant investment into the network will help the region expand connectivity in deeply rural areas and townships that had no connectivity before. This will enable hundreds of thousands of people
WeChat platform gives space to Apple
WeChat by Tencent has recently revealed that Apple has opened a store on its social media platform, marking an expansion of the US firm’s retail channels in the world’s second largest economy. WeChat is the one that made the announcement, and it is currently China’s dominant messaging app that also provides e-commerce, live-streaming and payment
Electric 4×4 that drove from Netherlands to South Africa
Using an electric car primarily recharged using solar power, a Dutch couple has travelled from the Netherlands to South Africa. Founders of 4×4 Electric, Maarten van Pel and Renske Cox, went on a road trip Amsterdam in a modified Skoda Enyaq iv80 SUV on 4 November 2022 and entered South Africa on 8 July 2023.
Canadian court rules thumbs-up emoji counts as signing a contract
A court located in the Canadian province, Saskatchewan, has made a ruling against a grain buyer who responded to a contract sent to him with a thumbs-up emoji, forcing him to honour the agreement. There was a dispute that started between farmer Kent Mickelborough and grain buyer Chris Atcher when Mickelborough signed a contract to
Google in the middle of testing medical AI chatbot in hospitals
Google has launched Med-PaLM 2, which is a large language model (LLM) designed to answer medical questions, and it has been going through tests at various hospitals since April 2023. The company had Med-PaLM 2 take off at its I/O event in May 2023, and it is a variant of Google’s PaLM 2 — the
Affordable uncapped Internet for homes without fibre at 50Mbps
You don’t necessarily have a fibre network available in your area as there are several uncapped wireless Internet packages on the market with at least 50Mbps download speeds for South African households. As much as fibre-to-the-home (FTTH) connectivity has proliferated in the past few years, a lot of households in the country still don’t have
THE TOBACCO BILL WILL CLOSE MORE SMALL BUSINESS AND DESTROY COUNTLESS JOBS
Stakeholders in the tobacco industry expressed their support for regulation in the industry. However, they emphasized that any regulations should be based on reality and should not result in job losses. The stakeholders, including British American Tobacco SA (BATSA), held a press briefing in Johannesburg in response to the Parliament's invitation for public comments on
It seems like China’s tech crackdown is over
Alibaba Group and Tencent Holdings saw their shares going up Hong Kong today after China’s US$984-million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country’s technology sector. Coming shortly after the penalty last week, the Alibaba affiliate announced a share buyback that values the fintech
RESERVE BANK HAS BLOCKED R5.52BN OF STEINHOFF FUNDS
The South African Reserve Bank (SARB) has declined to comment on whether it froze funds in five accounts connected to troubled company Steinhoff's local operations. The Daily Maverick, an online publication, reported that the central bank had frozen approximately R5.5 billion of Steinhoff's funds. Steinhoff, which owns stakes in various companies including Pepkor and Pepco,
FINANCE MINISTER ENOCH GODONGWANA IS URGING TAX TRANSPARENCY
Finance Minister Enoch Godongwana has highlighted the need for African countries to prioritize tax transparency as a strategy to combat tax evasion and illicit financial flows. He expressed concern about the significant amount of money that Africa loses each year due to these issues, citing estimates from the African Union Commission. South Africa's recent grey
NEDBANK TOP EMPOWERMENT CONFERENCE 2023: DRIVING ECONOMIC EMPOWERMENT FOR AFRICA'S FUTURE
In the rapidly changing landscape of business, policy, and empowerment, the upcoming 2023 Nedbank Top Empowerment Conference is set to have a significant impact on driving economic transformation in South Africa and beyond. Organized by Topco Media, this premier conference for B-BBEE (Broad-Based Black Economic Empowerment) experts and specialists will take place at the prestigious
GOLDEN RULES FOR ONLINE JOBS APPLICATIONS
Recruiters ask for both a CV and manual input of work history for a reason. While it may seem redundant, it serves a purpose in online recruitment platforms. The information you manually enter in your profile is more visible to recruiters compared to the CV, which they would have to click to view. Recruiters use
Discovery Health CEO on Government’s NHI model
Ryan Noach from Discovery Health has revealed that the single-funder model described in the National Health Insurance (NHI) Bill would not be able to achieve the government’s goal of equitable access to healthcare. Revealing that Discovery Health does not endorse the single-funder model proposed in the NHI Bill, he said this approach is not only