Author: Staff Writer
Luitingh and Associates, the Cape Town firm of attorneys launching the liquidation application against the bitcoin investment scheme, Mirror Trading International (MTI), is appealing to all potential creditors to advise the attorney firm of any claim against the scheme. The appeal comes at a time when two high court applications for the liquidation of MTI were filed by investors unable to withdraw funds. Two applications for the liquidation of Mirror Trading International were filed in the high court last Wednesday by investors unable to withdraw funds. Read: MTI CEO goes AWOL, lawyers pull out (Dec 22) MTI does not know…
The National Coronavirus Command Council could impose tougher restrictions nationwide as the coronavirus infections rise exponentially leaving private and public hospitals running out of intensive care beds and oxygen. The Sunday Times reported that the council meets this week to discuss a Covid-19 resurgence. “I can confidently say that the meeting will be on Tuesday,” a government insider told the newspaper. It followed Wednesday’s comment by health minister Zweli Mkhize that “we will need to review the current restrictions and consider further measures to ensure that we curb this alarming rate of spread”. The Sunday Times said new measures could…
Daimler and Infosys on Tuesday announced a strategic partnership to develop a persona-driven, cognitive, anytime, anywhere AI-powered workplace & service-desk. After regulatory approvals, Daimler will transform its IT operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys. The collaboration will empower the carmaker to strengthen its IT capabilities, and Infosys, its automotive expertise. “Software becomes modular and IT infrastructure becomes big. Daimler will take three steps at once to transform its IT infrastructure: consolidation, scaling and modernization. We need to think infrastructure beyond the size of our company. With Infosys…
The Nigerian telecoms regulator has extended the timeline for mobile phone operators to update SIM card registrations following a meeting on Monday with executives of telcos, the Nigerian Communications Commission (NCC) said. Two weeks ago, the NCC in its website disclosed that the Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim (Pantami) has directed the NCC to embark on another audit of the Subscriber Registration Database again. The regulator directed telecoms firms to stop selling SIM cards while it audits compliance with SIM registration rules. However, yesterday the NCC revealed that the National Task Force on National Identification…
Apple is once again planning to build its own branded electric vehicle or Apple Car, Reuters reported on Monday. According to the report, production of the electric Apple Car could start as early as 2024. The Reuters report explains that central to Apple’s strategy is a new monocell battery design that “bulks up the individual cells in the battery and frees up space inside the battery pack by eliminating pouches and modules that hold battery materials.” The iPhone maker is also examining chemistry for the battery called LFP, or lithium iron phosphate, the person told Reuters, which is inherently less likely to…
MTN on Monday announced the launch of MoMo International Airtime, which allows users to purchase airtime for recipients in other countries. This applies to foreign nationals living in South Africa and South Africans with friends and family living overseas. Registered MoMo users will be able to access the service on the MoMo app or via the MoMo USSD by dialling *151#. When customers buy airtime on MoMo, there is now a third option called Global Airtime. When you select a country where the recipient resides, it will show you all the multiple operators available in each of those countries…
Black Friday has a reputation for being all about huge sales, massive crowds, and utter madness at the tills. However, with the world still reeling under the impact of COVID-19 in the lead up to this unique day, many retailers were concerned about just how successful the event would be in 2020. Fortunately for these businesses, new payment methods and an increase in online transaction methods played a role in ensuring that what has been an increasingly popular promotion in recent years continued in the same, successful vein. According to Craig Duggan, Commercial Head at Transaction Junction, a fintech company…
The Campus Blockchain Hackathon is an initiative of Africa Blockchain Institute (ABI), to give students from institutions of higher learning in Africa, early exposure to the career and business opportunities being presented by the Blockchain/DLT Digital Innovations. The Hackathon creates a structured and sustainable community that nurtures and empowers awesome developers by providing and democratizing access to knowledge, capital and mentorship. “The African continent has this year become the new hotbed for peer-to-peer cryptocurrencies trading, as shown by the Chainanalysis crypto adoption index that places, for the first time, Nigeria and Kenya featuring in the top second and eight of…
JSE-listed tech group Altron today listed Bytes to on the Main Market of the London Stock Exchange, and the Main Board of the Johannesburg Stock Exchange by way of a secondary inward listing. This marks the completion of the demerger of the Bytes group from the Altron Group, a transaction which Altron announced to the market in April 2020. The achieved price of £2.70 per Bytes ordinary share results in a market capitalisation R13 billion. The issue price was in the top half of the previously communicated price range of £2.40 to £2.90 per Bytes ordinary share. Approximately 40% of…
W inners of the middle and secondary school essay competition on the legacy of the great medieval scientist and philosopher Abu Nasr Al-Farabi were announced last week at a ceremony in Johannesburg. Fatima Karimova (Tajikistan/South Africa)came first in the essay competition. There were two second-place winners – Nabeel Ayob (South Africa, Tshwane), and Asiphe Magayiyana (South Africa, Eastern Cape). Third place was awarded to two winners – Zakiyyah Thokan (South Africa, KwaZulu-Natal) and Tazkia Ismail (South Africa, Tshwane). All the winners were given commemorative medals of Al-Farabi and other valuable prizes. Kazakhstan ambassador to South Africa H.E. Kanat Tumysh, who…