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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
Energy association welcomes plans to implement the Integrated Resource Plan 2019 (IRP2019)
The SA Photovoltaic Industry Association has welcomed updates on plans to implement the Integrated Resource Plan 2019 (IRP2019) which would contribute to the country’s Covid-19 economic recovery package.Association chief operations officer Niveshen Govender said the IRP’s biggest opportunity was in low-cost electricity, which would create additional operational and construction jobs and only consistency would open
Boeing and FAA start first test flights of 737 Max since deadly crashes
Boeing and the Federal Aviation Administration (FAA) began a series of test flights on Monday to determine whether the 737 Max should be allowed back in the air, after it was involved in two deadly crashes that killed 346 people in 2018 and 2019. The tests are expected to last around three days. “While the
These young entrepreneurs are cornering the fast-food delivery market in townships
Sit-down and take-away meals were not allowed for many weeks during the national lockdown. This has created a big demand for food delivery services – but the mainstream apps are not available in SA's townships. A number of apps have been launched by young entrepreneurs who see a big demand in this market. Restrictions introduced
Large petrol increase coming this week – but fuel will still be cheaper than in March
A large R1.73 a litre hike is expected in petrol prices on Wednesday this week. This is the result of a recovering oil price, and continued weakness in the rand. The Gauteng petrol price (95) fell from R16.16 at the start of the year to R12.22 in May thanks to the oil price slump –
Mark Zuckerberg losses R120 billion as Coca-Cola suspends all social media advertising for 30 days
A boycott of Facebook by major advertisers is hammering the social media giant's stock price and chief executive Mark Zuckerberg's personal fortune. Zuckerberg's net wealth is down by R120 billion as of Saturday, while Facebook's share price dropped more than 8% at the close of Friday trading, as the ad boycott snowballs. Coca-Cola is the
Amazon to launch a new service for building apps even if you don't know how to code
Amazon is launching a new service called Honeycode that makes it possible for Amazon Web Services customers to build their own apps without any coding experience. The service, which Amazon announced on Wednesday, will be free for up to 20 users. After that, customers can pay to add more users and additional storage. The service
Capitec scraps free airtime and electricity purchases
The days of free airtime and electricity purchases on Capitec’s app are just about over. The company announced this week that it’s implementing a 50c flat fee on all purchases of airtime and electricity through its app, mobile, and internet banking channels. The fee also applies when clients buy prepaid data, and SMS bundles. The
Apple unveils iOS 14, the latest version of its iPhone software
The new software, which will likely arrive on iPhone at the end of the year, was on display at Apple's annual developer conference, WWDC. While past events have taken place at Apple's Cupertino, California headquarters, this year's event was hosted virtually in the wake of the coronavirus outbreak. Apple's new iPhone software is a significant
Apple unveils its own processors for Macs
Arm-based chips signalling 'historic' transition away from Intel
Edcon serves retrenchment notices to 22,000 staff
South Africa’s retail group Edcon has sent retrenchment notices to all employees after it failed to field concrete offers from potential buyers. The group said that it has sent Section 189 retrenchment notices to 22,000 workers, meaning that jobs of everyone employed by the retailer are on the line. Edcon, which owns retailers Edgars, CNA
NIT signs distribution agreement with Barox for META region
NIT, an Ingram Micro company and regional value-added distributor (VAD) of IP surveillance and physical security solutions in the Middle East, Turkey and Africa (META) region, has signed a distribution agreement with Barox Kommunikation GmbH, one of the market-leading manufacturers of network switches specifically designed for the needs of the video surveillance market. Under the
Veeam cements alliance with Amazon Web Services
Backup solutions vendor delivers new solutions in AWS Marketplace and achieves AWS Storage Competency status
South Africa won’t join collective talks to suspend African debt
Trevor Manuel says the bulk of the debt locally is actually held by South African pension funds
Amazon cements South African operations with 3,000 additional jobs
Retail giant creates 3,000 new virtual customer service jobs in South Africa
Boeing names Michael D'Ambrose as human resources leader
D'Ambrose will be responsible for the company's leadership and learning, talent planning, employee and labour relations
Time to rethink your approach towards password change
Paul Ducklin, principal research scientist at Sophos talks about passwords and why there is need to rethink approaches to passwords to enhance the line of defence.