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Vodacom has launched eSim support for smartphones
Vodacom SA has officially come up with an offer for all customers with supported devices which will give them the ability to use embedded Sims (eSims), which expands the support for a technology that obviates the need for physical Sim cards. The company has revealed that it will now offer eSim support for smartphones across
Canal+ purchases a stake in Viu for $300-million
The French broadcaster owned by billionaire Vincent Bollore’s Vivendi, Canal+ has decided to buy a significant minority stake in Hong Kong-listed PCCW’s Viu unit as part of a partnership agreement between the two media groups. According to a statement on Wednesday, the European firm paid $200-million for a 26.1% stake in Viu, which is an
MultiChoice set to launch Showmax 2.0 this year
The MultiChoice Group is set to launch a significantly overhauled and upgraded version of its streaming platform, Showmax, before the end of the year. The CEO, Calvo Mawela revealed that the “version 2” of Showmax will include strategic and technical input from new partner and co-investor NBCUniversal. The company had made an announcement in March
Spotify to add a new premium tier with high-fidelity audio
Spotify Technology has revealed that it has plans in place for a more expensive subscription tier that is set expected to include high-fidelity audio in an effort to drive more revenue and placate investors who’ve been saying the company should raise its prices. According to the sources familiar with the strategy, the new tier called
Naledi Pandor speaking on support breaches of war in Russia-Ukraine
Cape Town – Minister of International Relations and Cooperation, Naledi Pandor, has offered a defence of South Africa's decision to invite Russian President Vladimir Putin to the BRICS summit, despite his warrant for arrest issued by the International Criminal Court (ICC). Her response came in light of a query from ANC MP Desmond Lawrence Moela,
Lottery Boss Pledges Extensive Reforms
The National Lotteries Commission (NLC) board has approved a reparation process that will include apologies and financial compensation for former employees who were victimised or fired for exposing corruption. This is a significant step towards addressing past wrongdoings and ensuring transparency. The NLC's reparation model is inspired by the South African Revenue Services (SARS), which
Standard Bank's Bad Debt Charges Surge by Nearly 50% Amid Economic Challenges
Standard Bank, South Africa's largest lender by assets, has reported a nearly 50% increase in credit impairment charges in the first five months of this year compared to the same period in 2022. The bank attributes this increase to the increasing pressure on consumers as a result of the country's deteriorating economy, sticky inflation, and
Scramble for Gas Supply in Western Cape Amid Corporate Dispute
After Vita Gas, a subsidiary of Dutch commodity trading giant Vitol, terminated its contractual arrangement with Sunrise Energy, the import terminal facility in the Western Cape region is scrambling to secure a supply of liquefied petroleum gas (LPG). Vita Gas, which imports LPG through Saldanha and has Vitol as a shareholder, stated that it had
Afrimat's Acquisition of Lafarge South Africa Boosts Market
Afrimat, a publicly traded open-pit mining company, has made a significant market move by acquiring Lafarge South Africa (LSA), a cement and construction materials company. Afrimat will purchase a 100% stake in LSA from Holicim Group for $6 million (roughly R109 million). The news of the acquisition sent Afrimat's stock up more than 12% during
Cybercrime: A Toyota Dealership's Battle Against Fraudulent Electronic Payments
The dangers of cybercrime and computer hacking were highlighted in a recent case before the Supreme Court of Appeal. Mosselbaai Boeredienste (Pty), trading as Mosselbaai Toyota, and OKB Motors CC, trading as Bultfontein Toyota, were involved in the dispute. The problem at hand involved the fraudulent diversion of electronic payment for a Toyota Etios. This
Smart meters have a possibility of ending load shedding
The South African electricity public utility, Eskom has come up with plans to combat load shedding in a sustainable way. The company announced that it is set to install smart meters in homes nationwide as it grapples with ways to reduce energy demand. The idea behind the smart meters is to allow for remote monitoring
Suzuki plans to build ‘flying cars’ with SkyDrive
The Japanese car manufacturer, Suzuki Motor Corporation, together with SkyDrive Inc. which is a Japanese manufacturer for ‘flying cars’, has revealed that it has come to an agreement to build eVTOL aircraft “SKYDRIVE.” The aircraft is a three-seat, electric-powered lightweight aircraft with vertical take-off and landing capabilities, and it is set to be built at
Meng Wei of ZTE now chairman of governing board of Linux Foundation AI and Data
ZTE Corporation, the company that positions itself as a global leading provider of ICT solutions, recently announced that Meng Wei, who is currently the Director of Standards and Open Source Strategy of ZTE, was elected as the new Chairman of the Governing Board of the Linux Foundation Artificial Intelligence and Data (LF AI & Data).
Telkom searching for a ‘strategic investor’ for BCX
Telkom Group is currently searching for a “strategic equity partner” to invest in its BCX IT services unit, as that will help it unlock cash-flow to scale the business. CEO of the Telkom group, Serame Taukobong told ITWeb that the company is continuing with its “value unlock strategy”, where it is looking for partners to
France agrees to assist South Africa fight cybercrime
South Africa and France have come to an agreement for a cooperation protocol to improve the Special Investigating Unit’s cyber forensic capabilities. This agreement is meant to help yield the establishment of an anti-corruption academy in Tshwane, which is set to serve the SIU as well as other law enforcement agencies and anti-corruption agencies within
Google earned over $10 million from ads for fake abortion clinics
Google has earned more than $10 million over the last two years from advertisements misdirecting users who were seeking abortion services to “pregnancy crisis centres” that do not actually provide care, according to a new study. The study revealed through enterprise analytics tool Semrush that a new report from the Centre for Countering Digital Hate
New Amazon CloudFront Edge location set up by AWS in Nigeria
Also known as AWS, Amazon Web Services, Inc. has launched its first Amazon CloudFront edge location in Lagos, Nigeria. The launch of the new AWS edge location allows users in Lagos with access to the comprehensive benefits offered by Amazon CloudFront, which is a highly secure content delivery network (CDN) that optimizes the delivery of
Former Vodacom Exec Jorge Mendes is The new Cell C CEO
Telecommunications company Cell C has appointed former Vodacom executive as their new CEO, replacing Douglas Craige Stevenson. Mendes will start his duties as CEO on 1st July 2023. Mandes is the latest addition to the company after Cell C said it had appointed former MTN South Africa CEO Godfrey Motsa and former Vodacom chief officer
The Central Bank of Nigeria Clarify Operational Issues With The Unified FX Regime
Ghana: Finance Minister Ofori-Atta yesterday provided an economic update, noting that authorities expect to complete debt restructuring before the next IMF review of the USD3bn facility, which is expected in September. He added that the government aims to reach an agreement with bilateral creditors in the coming weeks as it seeks to complete the Memorandum of
South Africa lagging behind other African countries economically
South Africa has unfortunately been the second slowest-growing economy in Africa over the last decade, and it has been consistently underperforming the continent’s average economic growth rate. According to a report from McKinsey’s Global Institute titled Reimagining Economic Growth in Africa recently released, only the Central African Republic has grown slower than South Africa over