Author: Gugu Lourie
South Africa is the hub of private banking in Africa with holdings worth about $72bn, according to a recent report. By Memory Mataranyika A Research and Markets report entitled The Africa 2016 Wealth Report identifies South Africa – mainly Johannesburg – as the continent’s biggest centre for private banking. The country is the continent’s second-largest economy after Nigeria, but has witnessed currency weakness in the past few months. Its financial sector is anchored by strong banks such as Barclays Africa, Standard Bank and Nedbank among others that have spread their tentacles further into African markets. As these South African firms…
Millennials have become cyborgs. So it should be no wonder that, in addition to social and professional online existence, they also express their sexuality via technology. By Melissa Isabella Meyer Millennials have become cyborgs. They exist far beyond biology and through a variety of technological devices which don’t function as external entities but as a platform and backdrop to their daily lives. They were born between 1980 and 2000, and are regarded by researchers as an open-minded, responsive and liberal generation who believe that “useful is the new cool”. They’ve grown up in an “always-on” digital era: the online world…
The range and number of “things” connected to the internet is truly astounding, including security cameras, ovens, alarm systems, baby monitors and cars. They’re are all going online, so they can be remotely monitored and controlled over the internet. By Patryk Szewczyk and Nikolai Hampton Internet of Things (IoT) devices typically incorporate sensors, switches and logging capabilities that collect and transmit data across the internet. Some devices may be used for monitoring, using the internet to provide real-time status updates. Devices like air conditioners or door locks allow you to interact and control them remotely. Most people have a limited understanding…
The ANC national executive committee on Sunday reaffirmed that it had confidence in President Jacob Zuma, despite allegations that the politically connected Gupta family were influencing Cabinet appointments. By Genevieve Quintal, NewsAgency This follows a difficult week where allegations surfaced that the family, said to be close to Zuma, had been offering Cabinet positions. “The appointment of ministers and deputy ministers is the sole prerogative of the President of the Republic, in line with the Constitution,” ANC secretary general Gwede Mantashe told reporters in Pretoria. “To this end, the ANC continues to confirm its full confidence in our President.” He…
The ANC national executive committee (NEC) has described Gupta-owned media’s coverage of the party this week as “reckless journalism”. By Genevieve Quintal “The NEC expressed its utmost disgust at the arrogance, disrespect and reckless journalism displayed by the New Age newspaper [March 18, 19 2016], ANN7 news channel [March 16-18 2016] and representatives of the Gupta-family,” secretary general Gwede Mantashe told reporters in Pretoria on Sunday. “They have characterised the ANC as a group of factions for and against President [Jacob] Zuma.” The New Age and ANN7 reported about an alleged plot involving high level ANC members to topple President…
Bravado gaming has come out victorious in the Telkom DGL Masters series, held at the rAge Expo in Cape Town, after beating Aperture Gaming in an intense battle that lasted just two rounds. Bravado Gaming were seeded first at the start of this tournament with Aperture Gaming seen as the underdog going into this match. After barely beating Aperture in the first round with a score of 19-17 Bravado Gaming rallied to almost make a clean sweep of the second with a score of 16-2. Bravado Gaming take home the first cash prize of R40 000. In second place Aperture Gaming win…
Three foundations have called on the ANC’s National Executive Committee to take decisive responsibility by implementing urgent “corrective” actions in the interests of all South Africans this weekend. By Mpho Raborife, NewsAgency The letter was reportedly handed over to ANC secretary general Gwede Mantashe at the NEC meeting in Pretoria on Saturday. Its signatories include Dr Frene Ginwala, chairperson of the Oliver and Adelaide Tambo Foundation, Professor Njabulo Ndebele, chairperson of the board of trustees of the Nelson Mandela Foundation and Tourism Minister Derek Hanekom, acting on behalf of the Ahmed Kathrada Foundation. In the letter the three foundations expressed…
The final of the Telkom DGL Masters series, kicking off shortly, held at rAge Expo in Cape Town, will be between Aperture Gaming and Bravado Gaming. This comes after an intense semi-final battle in which Bravado Gaming beat Carbon eSports 16-11 and 19-17 in overtime. Shortly after the match team manager Daniel “Spoof” van Wyk expressed his happiness with his team’s performance despite the loss. “I am very happy with the result. Because we are a relatively new team we didn’t expect to do this well so I see getting into the semis as a major achievement for the team. We…
The Presidency refuted a newspaper report on Sunday that Jacob Zuma will reshuffle his Cabinet – but did not clarify the position of Deputy Finance Minister Mcebisi Jonas. “The report is mischievous and is clearly designed to sow divisions, uncertainty and confusion,” said presidential spokesman Bongani Majola on Sunday in response to a Sunday Independent article.“The Presidency wishes to refute the story.” The Sunday Independent story claimed that Trade and Industry Minister Rob Davies, Higher Education Minister Blade Nzimade, Minister in the Presidency Jeff Radebe, Economic Development Minister Ebraham Patel and Deputy Finance Minister Mcebisi Jonas were allegedly under threat…
The Congress of SA Trade Unions (Cosatu) said on Friday that it is shocked by and totally condemns the decision by the SA Reserve Bank’s (Sarb’s) Monetary Policy Committee (MPC) to increase the repo rate by 25 basis points (bps). By Carin Smith Cosatu regards the latest rate hike as a reckless decision that will cause “untold harm to the beleaguered workers and the poor majority”. In the federation’s opinion this move will further slow economic growth and stifle any chances of employment creation. “Workers are battling to make ends meet and provide for their families and the economy is…