Author: Gugu Lourie

Samsung secures $6.4 billion government funding from the Department of Commerce, under the CHIPS and Science Act, to bolster semiconductor production in Texas, marking its latest move in the U.S. expansion. Samsung – the only leading-edge semiconductor company that is a leader in both advanced memory and advanced logic technologies – is expected to invest more than $40 billion dollars in the region in the coming years, and the proposed investment would support the creation of over 20,000 jobs. The Commerce Department said the proposed investment would turn Samsung’s existing presence in Texas into a comprehensive ecosystem for the development…

Joanna Govender, a South African executive serving as CEO of EPF Tech Fund and Empire Partner Foundation, has been recognized as one of the top 50 individuals shaping Africa’s development through her support of entrepreneurs. Govender, as a representative of South Africa, stands among 1,700 nominees hailing from 34 African nations for the African Women in Development Award (AIWD), organised by the Donors for Africa Foundation headquartered in Nigeria. These women leaders and changemakers from across Africa — just like Joanna — are united by a bold idea, a desire to positively impact their respective communities, and who want the…

French media group Canal+ has bolstered its ownership stake in MultiChoice as the two firms collaborate on an acquisition effort. Canal+ has made a mandatory offer to the minority shareholders of JSE-listed broadcaster MultiChoice Group after surpassing a threshold set by the Johannesburg Stock Exchange. The JSE requires an offer to be made to other shareholders on a basis agreed with the main bourse when a person or group acquires at least a 35% stake in a listed company. Canal+ proposed a mandatory offer to acquire all the issued shares of MultiChoice Group not already owned by the group at…

South Africa’s largest and oldest crypto asset service provider, Luno, has secured a licence from the Financial Services Conduct Authority (FSCA) to operate as a financial services provider. Luno is the first dedicated crypto asset service provider in South Africa to be awarded its financial services provider licence following the FSCA’s declaration of crypto assets as a financial product in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS). Christo de Wit, Luno’s country manager for South Africa, says, “As a homegrown trailblazer with more than ten years of experience in the crypto market, Luno is thrilled to…

Harnessing the potential of technology to spearhead agricultural advancement, Woolworths has introduced a pioneering initiative called ‘Farming for the Future’. Within this endeavour, the company has revealed the groundbreaking utilisation of drones by its suppliers to revolutionise farming practices globally. The primary aim of this campaign and dissemination of such insights is to establish a fresh benchmark in regenerative agriculture. At the core of the campaign’s objectives lies the seamless integration of drone technology for identifying stressed plants. This empowers farmers with data-driven insights, facilitating informed decisions and the preservation of water resources. Through the deployment of drones equipped with…

The BMW X2, a car that first introduced the vehicle concept of a Sports Activity Coupé (SAC) for the premium compact segment, is now available in South Africa. However, the BMW iX2 will not be offered in South Africa. The new BMW X2 has a distinctive, visually expressive design showing clear differentiation from the brand’s compact Sports Activity Vehicle (SAV), the BMW X1. As such, it is instantly identifiable as a pure-bred Sports Activity Coupé (SAC). Also characteristic of the new model are its dynamically stretched lines and a generous surface treatment. The new BMW X2 has grown by 194…

Intel CEO Pat Gelsinger and special guests will deliver a keynote about the tangible outcomes artificial intelligence can enable for businesses and what the future of enterprise AI looks like. AI represents a paradigm shift in how humans and technology interact, and Intel is at the forefront of expanding the possibilities of AI and creating world-changing technology that improves the lives of every person on the planet. When: 8:30 a.m. PDT Tuesday, April 9, 2024 or 17h30 South Africa Time  Watch the Event by clicking Here

Today Google announced the all-new Find My Device is rolling out to Android devices around the world, starting in the U.S. and Canada. With a new, crowdsourced network of over a billion Android devices, Find My Device can help you find your misplaced Android devices and everyday items quickly and securely. Here are five ways you can try it out. Here are five ways you can try it out. 1. Locate offline devices Locate your compatible Android phone and tablet by ringing them or viewing their location on a map in the app — even when they’re offline. And thanks…

Shoprite, Africa’s largest retailer, has partnered with four of the globe’s premier grocery retailers to create an innovative collaborative venture capital fund known as W23 Global. W23 Global brings together five global grocery leaders, including Ahold Delhaize (US, Europe, Indonesia), Tesco (UK, ROI, Europe), Woolworths Group (Australia, New Zealand), Empire Company Limited/Sobeys Inc. (Canada), and Shoprite Group (Africa) are among the participants. The newly established collaborative retail venture capital (VC) fund aims to invest $125 million over five years in the most promising start-ups and scale-ups worldwide, focusing on revolutionising grocery retail and tackling sustainability issues within the sector. Each…

Pick n Pay has introduced a groundbreaking initiative in affordability and accessibility with the debut of its store-to-store Domestic Money Transfer service. Priced at just R8.00 per transaction, the retailer says it stands as the most economical option available to customers within retail establishments. In a nation where informal cash transactions remain prevalent, this service is designed to seamlessly operate across all Pick n Pay supermarkets, Clothing stores, and Boxer stores in South Africa, encompassing a vast network of over 1400 outlets. The retailer added that its Pick n Pay Money Transfer service prioritises customer convenience with a straightforward registration…