Author: Staff Writer
The SPAR Group (SPAR) has been approved for a secondary listing on A2X Markets (A2X) and its shares will become available for trade on A2X from 15 May 2024. SPAR has wholesale warehousing and distribution operations in Southern Africa and parts of Europe that support over 4 500 stores through 14 distribution centres. It operates in 11 countries and reported revenue of R149 billion in 2023. In Southern Africa, SPAR has over 1000 grocery stores, almost 900 TOPS at SPAR liquor stores, 400 Build it stores and 125 pharmacies. TOPS at SPAR and Build it are South Africa’s largest liquor and…
Audi South Africa today announced the return of the Audi driving experience, set to take place in Gauteng at the famed Kyalami Grand Prix Circuit. Following the resounding success of 2023’s relaunch, which ignited widespread enthusiasm among Audi fans, this year’s event promises to elevate the adrenaline even further. The Audi driving experience is not just a track day; it’s a premium, performance-based, advanced, full-day driving programme meticulously designed to unleash the potential of Audi driving technology. From July to November, participants will have the opportunity to immerse themselves in the world of high-performance driving with three events: Event 1:…
The surge in AI technology deployment and demand for more efficient cloud storage drives the growth of data centres globally, with the north and east of Johannesburg in South Africa a preferred location for big data centre operators, underscoring the country’s relevance in the global data centre landscape. Areas including Midrand and Samrand in the north and Isando and along the R21 highway in the east already have a high concentration of data centres with the likes of Africa Data Centres, BCX, NTT, Vantage and Teraco. Suitable available land attracts big data centre operators, however, the availability of electricity is…
Amazon, the US-based e-commerce behemoth, has discreetly unveiled its online marketplace dedicated to South Africa, now live at amazon.co.za. Amazon announced the launch of Amazon.co.za, providing customers in South Africa with a new online shopping experience. Available by either downloading the Amazon Shopping App or visiting www.amazon.co.za on desktop or mobile browsers, customers can now discover and shop from a selection of local and international brands across 20 different product categories, take advantage of great prices, and enjoy same-day and next-day delivery. For products fulfilled by Amazon, customers will enjoy free delivery on their first order, followed by free delivery for subsequent…
JSE-listed Attacq today announced that Attacq Waterfall Investment Company (AWIC) will buy 20% undivided share of the leasehold rights and rental enterprises of the Mall of Africa from Att MOA 20 Proprietary Limited. Post the transaction, AWIC will own 100% of the Mall of Africa. AWIC is 70% held subsidiary of Attacq. Att MOA 20 Proprietary Limited is beneficially held by Atterbury Property Holdings. The purchase consideration for the Undivided Share is more than R1 billion, which equates to an initial forward yield of c.8.0% (based on estimated net operating income for the 12 months ending 30 June 2025, inclusive…
Stack Overflow, a Prosus company, and OpenAI today announced a new API partnership that will empower developers with the collective strengths of the world’s leading knowledge platform for highly technical content with the world’s most popular LLM models for AI development. “Stack Overflow is the world’s largest developer community, with more than 59 million questions and answers. Through this industry-leading partnership with OpenAI, we strive to redefine the developer experience, fostering efficiency and collaboration through the power of community, best-in-class data, and AI experiences,” said Prashanth Chandrasekar, CEO of Stack Overflow. “Our goal with OverflowAPI, and our work to advance…
Today, the City of Cape Town demonstrated its powerful new crime-fighting aerial surveillance technology during a staged search, rescue and car chase scenario. The City’s information, surveillance and reconnaissance (ISR) technology will take information gathering to the next level in the fight against gang incidents, poaching, stolen vehicles, vegetation fires, and various criminal activities. ISR, commonly referred to as Eye-in-the-Sky, is a two-seater piloted aircraft fitted with state of the art cameras to provide high-definition aerial imagery for smarter policing operations. The aircraft can fly higher than a drone, and is fitted with infrared cameras, allowing it to register the…
IBM today announced that the availability of its software portfolio is expanding globally to 92 countries in AWS Marketplace, a digital catalogue with thousands of software listings from independent software vendors (ISVs) that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). The software availability now will be available in 18 African countries (Angola, Burkina Faso, Cameroon, Chad, Egypt, Ethiopia, Gabon, Kenya, Madagascar, Malawi, Morocco, Rwanda, Seychelles, Sierra Leone, South Africa, Tanzania, Tunisia and Uganda).The addition of these countries will help make procurement easier for clients, streamline purchasing and create new efficiencies…
Moya Mone, a South African fintech startup founded in 2021, has been rebranded to Bloo Money effective May 2024. The rebranding mirrors the company’s continued development since revising its branding assets in early 2024. Reasons for Rebranding The decision to change the name stemmed from a desire to differentiate itself from other companies with a similar name, bringing a burst of colour to the fintech industry and because cofounders operate in different continents. Thulani Masebenza operates from Johannesburg and Sabica Pardesi operates from Oxford in the United Kingdom. The name “Bloo” is a name that also resonates geographically across all borders.…
BlackBrick has transformed the former Airports Company South Africa (ACSA) head office in Bedfordview into a dynamic new apartment hotel through adaptive reuse. Growthpoint Properties (JSE: GRT) took the lead as the primary developer, leveraging its cross-sector development expertise for the R200 mILLION residential conversion project. This initiative was undertaken in a joint venture with Setso Property Fund (49%) and in collaboration with BlackBrick Hotels, presenting a ground-breaking solution to the surplus of office space in the market and the scarcity of residential space. Encompassing a sprawling 35,000sqm, BlackBrick Bedford transcends traditional accommodation, serving as a lush sanctuary nestled within…