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At Pwn2Own, hacking team wins a second Tesla Model 3 and R6.5 million
Synacktiv, a cybersecurity firm, won $360,000 (R6.5 million) and a second Tesla Model 3 on day two of the 2023 Pwn2Own competition in Vancouver, according to Bleeping Computer. David Berard and Vincent Dehors earned $250,000 (R4.5 million) for the company by hacking the Tesla Model 3 using a heap overflow and an out-of-bounds write exploit
<a>SA scientists scoop Gold for innovative plastic pollution study in Tunisia</a>
As previously reported by BusinessTech Africa that two exceptional scientists were en route to Tunisia, and they have scooped gold. The two young researchers, Joseph Gibbon, and Matthew Redfern won gold for an innovative plastic pollution mitigation study at Tunisia Science Festival. In a press statement dispatched to this publication, the two exceptional young scientists
Anglo American & Tata Steel join hands to reduce emissions
Mining giant Anglo American, iron ore miner Tata Steel and several others have joined hands to find ways to reduce carbon emissions in shipping iron ore. BusinessTech Africa has discovered that Freeport Saldanha – which represents the Saldanha Bay Industrial Development Zone – is also part of the consortium, along with shipping firms CMB and
TooMuchWifi targets Gauteng townships & African expansion
Internet service provider TooMuch Wifi has promised to connect more South African townships as it looks to expand to Gauteng in affordable plans. This comes after the ISP recently an undisclosed amount of financial backing from Mineworkers Investment Company (MIC). TooMuchWifi is a wireless ISP developed specifically for low-income individuals and SMEs in under-served communities such
Digital currency registers an increase in Nigeria
Nigerians are increasingly turning to digital currency to transact, after a chaotic demonetisation policy gave rise to a shortage of banknotes and bolstered demand for alternative payment methods. Bloomberg has it that the value of eNaira transactions has surged 63% to 22 billion Naira ($47.7 million) in 2023. This number comes in the midst of
Fresh produce sector to be probed for unexplainable food price hikes
The South African Competition Commission has promised to launch a fresh Produce Market Inquiry (FPMI) on March 31. The probe is to discover whether there are any activities or features in the fresh produce value chain that impede, restrict or distort competition. According to the commission, it also aims to complete the inquiry within 18
Zambia’s Musele Maimbo bags top role at World Bank
The African economic sector is delighted with the news that Zambian national Dr. Samuel Musele Maimbo has bagged a top role at World Bank. According to Lusaka Times, Maimbo has been appointed as Vice President for Budget, Performance Review, and Strategic Planning. This appointment is a testament to the exceptional capabilities of Maimbo and his
Volkswagen unveils an affordable EV due in 2025
German carmaker, Volkswagen has announced its newest concept vehicle – the ID.2all – with the production version set to be unveiled in 2025. The automaker also promises that the production version of the electric ID.2all, to be based on its new modular electric drive entry platform, will be “as spacious as a Golf and as
Transaction Capital in talks to restructure SA Taxi
Media reports landing through to BusinessTech Africa indicate that Transaction Capital said it was currently in talks with taxi association Santaco on restructuring its SA Taxi unit. The company announced the news on Thursday in a webinar and this comes after issuing a trading statement last week, saying it was going to restructure SA Taxi.
Metair Investments announces departure of CEO Riaz Haffajee
Metair Investments Limited has announced the resignation of CEO Riaz Haffajee as he also occupied the role of an executive director. Haffajee’s departure was announced on Thursday and the international manufacturer, distributor, and retailer of automotive components, added that his last day will be Friday, March 31. In a statement to the media, Metair Investments
EU antitrust regulators conduct raids on energy drink company
The European Commission has confirmed that it has conducted raids on a company in the energy drinks sector in several EU countries, suspecting the company of being involved in a cartel and abusing its dominant position. The identity of the company has not been revealed, but Austrian energy drinks maker Red Bull has confirmed that
BP Southern Africa to exit aviation market in South Africa
BP Southern Africa has announced that it will be exiting all of its aviation activities in South Africa as part of its latest business strategy review. The decision will see BP withdraw as an operator at airports and direct supplier to airlines across the country. The company has already communicated to its customers that it
Ethiopian Airlines resumes flights to Malaysia as of March 25
Ethiopian Airlines has announced the resumption of its services to Malaysia, Kuala Lumpur as of this coming weekend of March 25. As the largest airline in Africa, Ethiopian Airlines said the flight will be operated four times a week with the ultramodern B787 Dreamliner. In a formal announcement of the developments, Group CEO Mesfin Tasew said they
Durban Car Terminal reaches milestone & handles 600 000th car
The Durban Car Terminal has registered a massive milestone after handling more than 600 000 vehicles this financial year. Also known as the DCT, it says this milestone was achieved this week when vessel Cattleya Ace of MOL Shipping offloaded 4 025 fully-built units and then loaded 3 200 Toyota Hilux and BMW X3 models destined
Sibanye Stillwater board approves A$30 million to fund Century
Mining company Sibanye Stillwater has offered a A$30-million lifeline to takeover target New Century Resources. This comes after the company was forced to halt operations at its Queensland (Australia) zinc mine in early March, following heavy floods. Operations are expected to remain suspended for a further two to three weeks as a result of the rains. New Century has
Rand Merchant Bank acquires 25% stake in electricity trading platform
Banking giant First Rand Merchant Bank has acquired a 25% stake in Remgro’s Ubiquity Energy platform. Ubiqiuity is the holding company of Energy Exchange, which is an electricity trader licensed by the National Energy Regulator of South Africa. Media reports reveal that the value of the acquisition has not been disclosed but the deal was announced in a joint statement.
Cell C CEO Douglas Stevenson steps down
Cell C CEO Douglas Stevenson has quit his job owing to personal reasons and the telecoms company has since announced the news. The Johannesburg-based company said the CEO has stepped down after a stressful five-year leadership tenure to put the debt-laden telecom operator back on a firmer footing. Rated as the fourth largest in South
There is hope for petrol prices in South Africa
The market conditions for local fuel prices are changing, with a stronger rand and reduced oil costs flattening what might have been a big increase at the pumps in April. While not definitive, the latest statistics from the Central Energy Fund suggest that the under-recovery in petrol prices witnessed in the middle of the month
Pwn2Own Vancouver 2023: $1 Million Hacking Spree Targets Tech Titans including Apple macOS, Microsoft Windows 11, and Ubuntu Desktop
On March 22, 2023, some of the world's most proficient hackers gathered in Vancouver, Canada for the Pwn2Own hacking competition, organized by the Trend Micro Zero-Day Initiative (ZDI). The goal of the competition is to find and exploit zero-day vulnerabilities in pre-determined tech targets, with the ultimate aim of improving security for everyone. This year's
The initial launch of the world's first mostly 3D-printed rocket fails to reach space
Relativity Space Inc.'s Terran 1 rocket, which was mainly 3D-printed, failed to reach orbit due to a mid-flight malfunction. An abnormality occurred after the rocket's stages separated after it successfully launched from Cape Canaveral, Florida on Wednesday night. The activation of the upper stage engine appeared to go out early in a webcast of the