Author: Gugu Lourie
The primary mandate of MTC around the management of the broadband network asset is to connect the CoJ and enable smart City, thereby bridging the digital divide.
“We are in discussions in establishing a manufacturing and assembling plant in Africa for Africa.”
South Africa’s Imperial Logistics announced it has acquired an e-commerce solutions company Parcel Ninja for an undisclosed amount. The JSE-listed firm said on Tuesday Parcel Ninja acquisition will provide specialised warehousing and distribution management in e-commerce, direct to consumers and to informal markets. Parcelninja is a specialised warehousing and distribution management business that offers a full suite of warehousing and fulfilment services to South African online shops. Started in 2013 by Justin Drennan, Ryan Drennan, and Terence Murphy, we launched our first commercial services in October 2014. Its three founders are experienced entrepreneurs, starting WantItAll, helping grow Superbalist, which was sold to…
Patrice Motsepe’s TymeBank has attracted foreign investment of more than R1.6 billion from investors in the UK and Philippines. The digital bank said the new investors are UK-based Apis Growth Fund II, a private equity fund managed by Apis Partners, and the JG Summit, which is one of the largest and renowned conglomerates in the Philippines and owned by the Gokongwei family. The company said both these investors are experienced in financial services in emerging markets. African Rainbow Capital (ARC) has made an additional investment to ensure it maintains its position as anchor shareholder in Tyme. Following the completion of…
The U.S. Federal Communications Commission (FCC) on Monday announced a proposal to use $3.2 billion in emergency funds to subsidize broadband service for millions of households. The aim is to assist families struggling to pay for internet service during the pandemic. If approved, the Emergency Broadband Benefit Program could provide $50 a month to millions of households, and more in tribal lands. The FCC is an independent agency of the United States government that regulates communications by radio, television, wire, satellite, and cable across the U.S. The acting chairwoman of FCC, Jessica Rosenworcel, announced that under the proposal, qualifying households…
Netflix today launched a new feature called “Downloads For You”, which will automatically download recommended shows or movies to your mobile device based on your tastes. The feature is being rolled out globally starting today and soon will start testing on iOS. Three years ago, Netflix introduced Smart Downloads so you can find the next episode of your favourite show – even when you’re on the go. Now, we want to make discovering your next new favourite series or film quick and easy whether you’re connected or not, said Patrick Flemming, Netflix’s director of product innovation. “Today, we’re launching Downloads For You,…
The EoT team at Bosch Research will deploy a node on the network and assist in testing the first phase of Fetch.ai’s next-generation blockchain with a view to running nodes and applications on the v2.0 main-net after it is launched in March 2021.
Software development to be faster and easier throughout the lifetime of the vehicle.
Allegations have surfaced suggesting that a select group of current and former Cell C executives may have secretly apportioned to themselves parts of the struggling business. Insiders, who are making the allegations, however, said Cell C CEO Douglas Craigie Stevenson and chief financial officer Zafar Mohammed were not part of the select group. The insiders point to what they said was the “opaque” new shareholding for Cell C as described in filings at ICASA. “Some former and current executives ‘hijacked’ a part of the business for themselves,” claimed an insider who spoke on condition of anonymity. “Some former and…
Pharmacy group Dis-Chem has reported that online sales grew by 218.7% for the 22-week period from 1 September 2020 to 2 February 2021 compared to the previous corresponding period in 2019. “Our online sales continue to be positively impacted as consumers prefer staying safe and shopping from the comfort of their homes,” the listed pharmaceutical chain said on Wednesday. The company also said the change in consumer shopping behaviour due to COVID-19 continued to impact our sales mix and in turn, our margins. Despite the strong top-line growth, margins are still lagging pre-COVID-19 levels. Revenue grew by 12.1% to R11.6…