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Investors circle as former cryptocurrency agency chief declared bankrupt
Willie Breedt, the alleged bitcoin and cryptocurrency scammer, has been declared bankrupt. News24 earlier reported around 2 000 investors in Breedt’s defunct company, VaultAge Solutions (VS), stand to lose around R227 million after promises by Breedt to pay out their investments and growth were not honoured. On Friday, one of the biggest investors, who entrusted
iProtoXi launches Aistin IoTLAB in MEA
Full stack IoT and managed AI services vendor introduces best-of-breed device, mobile application, connectivity and cloud platform solution for IoT product development and rapid deployment
Huawei to discuss 5G commercialisation at SAMENA Leaders' Summit 2020
ICT vendor Huawei has announced it will host this year’s SAMENA Council Leaders’ Summit for the seventh consecutive year. The 2020 event, which is organised by SAMENA Telecommunications Council, is set to take place on July 9th, 2020 with leaders from multiple country clusters to participate virtually. The agenda of the Leaders' Summit 2020 has
SA retailers can now experience the agility of SaaS
Unified commerce software solution built on Microsoft Dynamics 365 Business Central, has now launched in South Africa
COVID-19: Cheers to the private sector
Nkosi Mfumu, a Zambia-based legal and foreign policy expert, gives the private sector a thumbs in the COVID-19 fight and why the African private sector in action should be a model going forward.
Power price increase threatens key sectors of economy
The National Energy Regulator of South Africa (Nersa) yesterday warned South Africa was on a path of de-industrialisation as current electricity price increases were not sustainable both for consumers and suppliers. Nhlanhla Gumede, the full-time member of the regulator, said the average cents per kilowatt-hour had jumped to 89.13 in 2017 from 17.91 in 2006
How much Edcon owes, and to whom
The list of Edcon’s secured creditors, published as part of the business rescue plan on Monday, reveals that a total of R3.7 billion is owed to more than 80 entities. The list of unsecured creditors is likely far larger (running to many more billions), but these businesses are either fourth or last in the queue,
Google’s $2.1 billion Fitbit acquisition is getting closer scrutiny from EU regulators
Tongaat Hulett said on Thursday that the Namibian Competition Commission had given the sale of its sugar packaging and distribution business to Bokomo Namibia a go-ahead after the proposed transaction met all the suspensive conditions. This comes after the agriculture and agri-processing business entered into a sale agreement with Bokomo in November last year to
Barclays introducing own private banking services in SA
Barclays has announced it will offer private banking services to individuals in South Africa, following the granting of a licence by the Financial Sector Conduct Authority (FSCA). This, it says, means Barclays plc bankers “will now be able to proactively reach out to and meet individuals in South Africa, to offer the advisory and discretionary
New Brakpan mall set to open in September 2021
Eateries like Mugg & Bean, Steers/Debonairs and Piccolo Family Kitchen are further attractions along with more specialty and unique food stores like Bella’s Market.More families are moving, or considering doing so, out of busy city metropolitans to lesser congested environments and suburbs, say many property experts. This trend is likely to be more prevalent since
High-tech mental health support for first responders gets provincial funding boost
The provincial government is supporting a pair of University of Alberta research initiatives in an effort to combat the toll COVID-19 is inflicting on military, veterans, first responders and their families. The U of A-led Heroes in Mind, Advocacy and Research Consortium (HiMARC) that supports mental health for military, veterans and first responders received $362,000
New method facilitates the way to finding new antibodies
It was in the search for broad-spectrum human antibodies against snake venom that Associate Professor Andreas Laustsen found a new way to use the Nobel Prize-winning method, phage display. A way of using the method that makes it much faster and cheaper to detect broad-spectrum antibodies against snake toxins, but also against bacteria and viruses.
A 28-carat diamond just became the most expensive jewel ever auctioned online
Christie's just broke a world record. The auction house sold a 28.86-carat diamond for $2,115,000 (around R36 million) in an online auction – the most expensive diamond to ever be auctioned online, Annabelle Spranklen reported for Tatler. The diamond sold for above its upper estimate of $2 million, according to Forbes. The sale happened on
Western Cape gets additional beds for self-isolation
The Western Cape provincial government is making more than 4,000 beds available to those who have no place to quarantine or self-isolate. But as the province is preparing for its peak, it seems people are reluctant to take up the offer – which comes at no cost. Western Cape health officials have taken to the
NASA’s TESS delivers new insights into an Ultrahot World
Measurements from NASA Transiting Exoplanet Survey Satellite (TESS) have enabled astronomers to greatly improve their understanding of the bizarre environment of KELT-9 b, one of the hottest planets known. “The weirdness factor is high with KELT-9 b,” said John Ahlers, an astronomer at Universities Space Research Association in Columbia, Maryland, and NASA’s Goddard Space Flight
New battery electrolyte may boost the performance of electric vehicles
A new lithium-based electrolyte invented by Stanford University scientists could pave the way for the next generation of battery-powered electric vehicles. In a study published in Nature Energy, Stanford researchers demonstrate how their novel electrolyte design boosts the performance of lithium metal batteries, a promising technology for powering electric vehicles, laptops, and other devices. A conventional (clear) electrolyte
South African rand collapses despite months of cautious trade
The South African rand dipped in cautious trade ahead of a busy economic calendar this week, which kicked off with the Q1 GDP release according to NKC Research. While the first quarter growth figures beat expectations – with a contraction of 2 percent q-o-q smashing the analyst forecast of around -4 percent q-o-q – sentiment
Tokyo Airport rolls out automated rideables to help with social distancing
Personal mobility devices to transport passengers with limited mobility are rolling at Haneda Airport, Tokyo. These were released in an automation play for labour shortage-hit Japan that has taken on new urgency as the coronavirus outbreak compels social distancing. The initial three devices, which replace push wheelchairs, are from Yokohama-headquartered startup Whill and run between
MTN launches 5G network in South Africa
MTN announced today that it is launching its 5G network in parts of Johannesburg, Cape Town and Bloemfontein. According to MTN, right now you’ll only be able to get coverage in Bryanston and Honeydew in Gauteng, Universitas in Bloemfontein and Blouberg in Cape Town The company says it’s expanding coverage to other areas, including Pretoria,
Business Adjust: How to care for Covid-19 positive employees
Chances of employees contracting coronavirus (Covid-19) have risen alongside the increasing numbers of positive cases in South Africa as more return to work. Businesses, therefore, need to be prepared for this occurrence. Below is a simple guide in the event of an employee testing positive; (please note, this is not a complete guide). Compliance Ensure