Author: Staff Writer
Teraco: A Digital Realty Company, a leading carrier-neutral data centre and interconnection services provider in South Africa, today announced the acquisition of the iconic Great Westerford building in Cape Town from Ingenuity Property Investments. Great Westerford, a landmark building with over 30 000sqm of premium grade office space, is situated in the prime location of Rondebosch, Cape Town. The conclusion of the acquisition means that Teraco has ownership of the building that houses its CT1 data centre investment and results in the full ownership of all facilities and the underlying land that support Teraco’s leading, carrier neutral colocation portfolio. CT1…
Huawei today demonstrated its commitment to Africa’s energy transition, while also showcasing the full range of its latest solar PV and green home and business solutions, at the Solar Power Africa Conference, currently underway in Cape Town, South Africa. In his keynote address to the conference attendees, Xia Hesheng, President Of Huawei Digital Power Sub-Saharan Africa Region, pointed out that “Carbon Neutrality” has become a global consensus. Low carbonisation, digitalisation and intelligence will definitely be a deterministic trend in the next 30 or 40 years. However, digitalisation and intelligence are all supported by computing power that consumes a huge amount…
Over the last 28 days, OpenAI has become the 44th globally-ranked website according to SimilarWeb data OpenAI’s traffic has risen from 18.3 million to 672 million since December, a 3,572% increase in just two months due to ChatGPT OpenAI is now the number one technology website based on traffic rank in the Computers Electronics and Technology category, overtaking Zoom, AOL and AT&T Traffic to ChatGPT owner OpenAI has exploded by 3,572%, from 18.3 million to 672 million visits after ChatGPT’s release at the end of November. Analysis of SimilarWeb data reveals 672 million users visited the viral AI chatbot in…
The Shoprite Group invites high-achieving students to apply for its comprehensive bursaries for the 2023 and 2024 academic years. Students enrolled for degree studies in Criminology, Accounting, Information Technology, E-Commerce, Retail Business Management and more can now apply for funding, which covers tuition fees and on-campus accommodation. In the last financial year, the retailer spent over R16 million on its bursary programme, which funded 206 students. As the largest private sector employer in South Africa, the Group is one of the top graduate employers in the country. In 2022, for the second consecutive year, the retailer was awarded the Gradstar Students’ Choice Award for Retail Employer of Choice, an award voted for by students. “All…
Rand Merchant Bank (RMB) is now operating from a New York based representative office, to facilitate greater US business flows into the African continent. RMB’s parent, FirstRand Bank, has received all necessary approvals from the United States Federal Reserve Board and New York State Department of Financial Services. RMB CEO Emrie Brown said that foreign investors are increasingly turning to Africa, with its vast natural resources, extensive markets, young population, and excellent technological prospects. The African Continental Free Trade Area agreement will also ease access into Africa, stimulate intra-regional trade and boost growth. Said Brown: “The new office will link…
At the lavish annual ‘World’s Best’ International Property Awards ceremony held at the iconic Savoy Hotel in London on 2 February, Waterfall Management Company was awarded Best International Mixed-use Development 2022-2023 for Waterfall City. This is the fifth time in six years that Waterfall City has beaten formidable competitors to claim the top spot. This year’s nominees included mixed-use developments in Cyprus, Brazil, Qatar and Hong Kong. Entries were judged based on criteria ranging from design layout and quality, architecture, services and security, to innovation, originality, marketing and commitment to sustainability. Over and above scooping this prestigious international accolade, Waterfall…
Vantage Capital, Africa’s largest mezzanine fund manager, announced today the successful final close on its fourth mezzanine fund. A total of $377 million or R6.6 billion of commitments has been secured from a mix of European and US-based commercial investors, as well as a host of development finance institutions (DFIs) that include IFC, BII, SIFEM, DEG, Norfund, Swedfund, Finnfund and EIB. As with its predecessor funds, Vantage will continue to provide mid-sized African businesses with flexible capital to drive business expansion and support job creation. In particular, mezzanine debt is well-suited to robust sectors with strong growth dynamics, including telecoms,…
South Africa’s fast-growing wills and estates administrator Capital Legacy and Sanlam announced today that they are joining forces by creating a compelling wills, estates and trusts business together. The transaction is subject to regulatory approval. The deal will see Sanlam Life Insurance (Sanlam Life) sell its trust business, Sanlam Trust, to Capital Legacy and Sanlam Life acquiring a 26% interest in the enlarged Capital Legacy Group that includes the Sanlam Trust business following completion of the transaction. Capital Legacy intends acquiring full ownership and control of Sanlam Trust for an amount of R390 million. Sanlam Trust will continue to operate…
Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, today announced that it has partnered with Nokia. Through this partnership, Liquid deployed Nokia’s innovative transport network technology in the new terrestrial fibre route connecting Mombasa (Kenya) to Johannesburg (South Africa). This announcement comes in light of the imminent launch of the new terrestrial data superhighway built by Liquid, connecting Kenya and South Africa. The technology used has allowed Liquid to build its first terrestrial route that will provide 12 terabits of capacity for carriers and service providers in South Africa, Kenya, Uganda, Rwanda, Zambia, Zimbabwe, and the…
Life for the modern woman comes with a routine for every facet of her beauty. A routine for skincare, hair, nail and grooming, and another one for makeup and lip care. All these are necessary regimens in the pursuit of healthy skin and beauty but, there is another important drill that beauty enthusiasts should follow: skin repair while we sleep. “Sleep is an absolute essential for the wellness of skin,” says Edwin Kodinye, Head: Beauty Categories at Avon Justine. “During rest, the skin rejuvenates itself with several important changes: skin cells are actively growing; while both Cortisol, the hormone that…