Author: Staff Writer

The BMW IT Hub is the fastest growing business unit in the BMW Group, aiming to provide 2,000 jobs by 2023. On its journey towards this goal, the hub is searching for new talent in South Africa. The BMW IT Hub will host #TechTalentDays from 27-28 August 2022 and invites Full Stack Developers and DevOps Specialists on Microsoft Azure and Amazon Web Services (AWS) to join. Global IT solutions for sustainability and success. Based in South Africa, the BMW IT Hub provides IT solutions for various business areas in the BMW Group. The hub focuses on innovation topics and comprehensive…

Global streaming service Netflix announced today a loss of 970 000 subscribers in the three months ending June 2022. The company said Q2 was better-than-expected in membership growth. Netflix said it had a total of 221 million subscribers and predicted to add one million new subscribers in the third quarter of 2022 compared to 4.4 million in the year-ago quarter. “Our challenge and opportunity is to accelerate our revenue and membership growth by continuing to improve our product, content, and marketing as we’ve done for the last 25 years, and to better monetize our big audience,” Netflix informed investors. “We’re…

Netflix today announced plans to acquire the Australian animation studio, Animal Logic. The company said the acquisition will support its ambitious animated film slate, building on films like Academy Award-nominated Over the Moon, Academy Award-nominated Klaus and the recently released The Sea Beast. Animal Logic has been producing award-winning design, visual effects and animation for over 30 years. Headquartered in Sydney, Animal Logic set up a second studio in Vancouver, Canada in 2015 and has worked on Hollywood blockbusters including Happy Feet, Legend of the Guardians: The Owls of Ga’Hoole, The LEGO Movies and Peter Rabbit 1 & 2, alongside…

Once again ‘Inspired Builds 2022’, an inter-school technology challenge bringing together Inspired students from around the world, has seen Reddford House students making great strides in the right direction as podium finishers with their entry. This year’s competition – entitled “Enabling Movement” and led by St. Louis School of Milan, Italy – invited Inspired students from schools all over the world from ages 7 to 13 to make machines that enable movement using innovative coding and creative design. The Reddford House students once again jumped at the opportunity to show their creativity and ingenuity through the use of machine technology…

Vodacom KwaZulu-Natal will spend over R1 billion into the mobile network this year, to improve regional coverage reach, capacity and network resilience, and accelerate access to connectivity throughout the province, particularly in deep rural areas and townships. “This significant investment into the region’s mobile network drives our goal of building an inclusive, digital society. By increasing access to reliable, quality connectivity, such as the deployment of more sites and network upgrades, as well as continuing to deliver an exceptional network experience to our customers, we can help to ensure the benefits of digitalisation are within the reach of all communities…

Pan-African telecommunications provider SEACOM has received approval from South Africa’s Competition Commission to buy EOH Network Solutions (EOH-NS) and Hymax, divisions of iOCO and part of EOH. The Commission’s approval gives SEACOM the green light to proceed with its current integration plans, with 1 September 2022 earmarked as the first day of operations under the SEACOM banner. “Following a brief and satisfactory application process, we are happy with the Commission’s decision and are looking forward to the next stage of this process,” said Joe Vipond, SEACOM Group Business Development Officer responsible for mergers and acquisitions. SEACOM first announced its plans…

For centuries people have crossed borders to live, work, and trade. While cross-border payment systems are crucial for financial inclusion and growth in a globalised economy, cost and efficiency challenges remain, particularly in Africa. Mark Dankworth, president Business Development Africa at leading pan-African fintech enablement partner, Ukheshe Technologies says fintechs are at the forefront of improving cross-border payments on the continent. “There has been a significant increase in the movement of funds through digital platforms over the last five years. As mobile penetration continues apace in Africa, the continent is ready to take the next steps toward cross-border solutions that…

Cassava Technologies (Cassava), Africa’s first integrated tech company of continental scale, announced today that it has secured a $50 million or R855 million investment from C5 Capital (C5), a specialist venture capital firm that invests in cyber security, space, and energy security. The investment is part of a broader funding round to accelerate Cassava’s growth. The investment by C5 will contribute to the acceleration of the work that Cassava has undertaken to increase digital connectivity and inclusion on the continent. Cassava will be the go-to market partner in Africa for C5’s cutting edge portfolio companies to deliver best-in-class cyber security,…

inq., a global Edge solutions provider, has today announced an agreement with Enea AB to licence the Enea Edge Intellectual Property (IP) through a perpetual software development licence. Enea Edge is an open virtualisation and management platform for edge devices such as white box uCPEs. It provides a minimum footprint and focuses on maximum performance, specifically around networking and edge applications. “Enea Edge IP is extremely strategic for inq. We have been working steadily towards being a global edge leader and have embarked on having edge as part of our core strategy. While inq. has been mainly focusing on edge…

The South African Reserve Bank (SARB) announced plans to begin regulating cryptocurrencies in 2023, treating them as financial assets rather than as currencies. News came from SARB Deputy Governor Kuben Chetty via dialogue in an online series hosted by PSG. The legislation would allow listing digital assets under FICA to regulate the sector. “One of the major benefits here? Exchanges will be compelled to collect KYC data from its users. The implementation of a KYC program is low-hanging fruit in the digital assets space. It is one of the easiest ways to make the trading of cryptocurrencies and other digital assets more…