Author: Staff Writer
Scatec ASA, a Norwegian renewable energy solutions provider, announced today it had started construction of three Kenhardt projects in the Northern Cape Province of South Africa under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) after reaching financial close. Once operational the project will have a total solar capacity of 540 MW and battery storage capacity of 225MW/1,140MWh, and provide 150 MW of dispatchable power under a 20-year Power Purchase Agreement to the Kenhardt region – in a country that is currently suffering from power shortages. “Achieving commercial and financial close for the Kenhardt projects shows true commitment by…
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…
South Africa is well-positioned to be the leading digital economy on the African continent and even in the developing world. In doing so, it can bridge many of the social and economic divides both within the country and with the rest of the world. That’s going to be crucial, especially as digital plays an increasingly large role in the global economy. But getting to that point will require extensive investment in innovation and digital skills as well as partnerships between state players, enterprise-scale corporations, and small, medium, and micro enterprises (SMMEs). Fortunately, as the speakers at Huawei’s Eco Connect 2022…
As part of its ongoing commitment to growing South Africa’s ICT talent base, and ahead of World Youth Skills Day on 15 July, Huawei, this month, announced the 2022 recipients of its Bursary Award Programme. World Youth Skills Day celebrates the strategic importance of equipping young people with skills for employment, decent work, and entrepreneurship. These are all essential components that the Huawei Bursary Programme helps young people in achieving. The bursaries, which come with stringent requirements, are awarded to top-achieving students studying ICT-relevant subjects at Huawei’s partner universities and are designed to help ensure that recipients have the skills…
Sojern, a provider of digital marketing solutions for the travel industry, today announced its expansion into South Africa to better serve partners and capitalise on the growing post-pandemic tourism boom. Stewart Smith, Sojern’s Managing Director for the Middle East and Africa, will oversee the launch having successfully rolled out Sojern’s solutions in other regions across the past eight years. “South Africa was hit harder than many countries by COVID-19, the travel industry in particular across the country was brought to its knees. In the aftermath of the Omicron variant in late 2021, the country is now in a fantastic position…
MTN Group’s Mobile Money Application Interface (API) is inviting developers across several markets to participate in an Open API Hackathon, with a challenge to create a mobile application that uses MoMo APIs for use in their markets. The hackathon will be the second conducted by MTN Group Fintech and will take place in the following countries: eSwatini, Zambia, Congo Brazzaville, Rwanda, Uganda, Cameroon, Benin, Cote d’Ivoire, Ghana and Guinea Conakry. Developers will compete to create an innovative application for the markets in which they are registered, which can process financial transactions with added capabilities that go beyond processing payments and…
Dedicated Swiss blockchain investor Crypto Valley Venture Capital (CV VC) and its ecosystem company CV Labs have opened CV Labs Cape Town, the African region’s first in situ blockchain incubation and ecosystem hub. As an initiator of Crypto Valley, Switzerland – the world’s most mature blockchain hub, with an admirable regulatory landscape and 14 blockchain Unicorns, the opening of CV Labs Cape Town is a result of CV Labs actioning its renowned expertise to enable blockchain as a transformative tech in Africa. CV Labs already has blockchain hubs in Switzerland (Zug) and Liechtenstein (Vaduz). This new hub in Africa will…
Limited edition Sixty60 toy delivery motorbikes will soon be for sale on the app and in selected Checkers supermarkets across South Africa. The 1:12 scale-model motorbike features Sixty60’s well-known delivery box, which opens and closes, a kickstand and a miniature of the iconic grocery bag used in deliveries. Designed for children to play with, the toy motorbike will certainly also look the part alongside other collectables on customers’ bookshelves or in home offices. The initial idea for the model bike came during South Africa’s Covid-19 lockdowns when the arrival of a Sixty60 driver was a rare treat and glimpse into the outside world…
inq., a Convergence Partner’s company, has received Competition Commission approval without conditions to acquire Syrex, a provider of hyperconverged cloud technology solutions in South Africa. The strategic acquisition bolsters an already robust business offering from Syrex to provide innovative, reliable, and industry-leading solutions to the South African market. This follows the announcement at the end of May this year that inq., an edge computing company, has reached an agreement to acquire Syrex for an undisclosed amount. Syrex is a hyperconverged solutions provider that delivers the full ICT services offering, from connectivity to security and tailored IT Managed Services. Furthermore, Syrex…
The launch of the BMW i4 brings electric mobility to the heart of the BMW brand. Locally emission-free driving pleasure will come to the traditional core of the midsize segment for the first time from early 2022 in South Africa. The BMW i4 is a four-door gran coupé that combines this vehicle concept’s hallmark spaciousness and practicality with the sporting ability for which BMW is renowned and a range that also convinces over long journeys. A premium character beyond that of market rivals is reflected in the high level of development of its drive system and chassis technology, its elegant…
Recently, Huawei’s Green Intelligent OptiX Network demonstrated its latest set of scenario-specific networking solutions at its Eco-Connect Johannesburg event. These solutions apply the concept “fibre to everywhere” to various industry scenarios and leverage innovative optical technologies to build secure, intelligent, ultra-broadband, efficient, reliable, and simple digital network infrastructure for various industries. The five solutions include: FTTO solution (Fibre To The Office) for campus scenarios: This solution harnesses the technical advantages of IP and optical products to build a green and simplified campus network. It simplifies the network architecture from three layers to two layers and eliminates the need for weak-current…
The massive surge in cybercrime, the ever-increasing number of threat vectors, and a critical skills shortage has left organisations feeling more vulnerable to cyberattacks than ever before. With exponentially more ransomware incidents being reported than there are skilled cybersecurity professionals available, progressive businesses are looking to Artificial Intelligence (AI) and Machine Learning (ML) to close the gap. Every day more and more people and businesses are held to ransom as exposed vulnerabilities are exploited by criminals. Even those with robust cybersecurity strategies in place are concerned by the sheer number of business attacks, which increase in number every year. The…
Huawei has announced that its third data centre availability zone is set to go live three years ahead of schedule, as well as its R100 million Cloud Spark programme, which is set to provide support to more than 1000 small and medium-sized enterprises (SMEs) over the next three years. Both of these announcements were part of Huawei Cloud’s “Everything as a Service” approach, which is being adopted locally and globally. Speaking at the Huawei Eco-Connect event, held last week at the Sandton Convention Centre, Jay Zhou Managing Director, Huawei Cloud South Africa explained that the “Everything as a Service” approach…
Mineworkers Investment Company (MIC) today announced the launch of the second window of applications for investment through their R150 million Venture Capital initiative, MIC Khulisani Ventures. High growth potential, innovative, Black-owned businesses with ambitions of bringing innovative products or services to a bigger market are encouraged to apply. “Since inception, the initiative has allocated over R45 million in investment, to Black-owned businesses that are disrupting the Edu-tech and consumer tech industries. While the criteria for application does not significantly change this year, we are deliberate in targeting Black female-owned or led businesses” says Mary Bomela, CEO of Mineworkers Investment Company.…
FinTech-start-up MortgageMarket is the latest tech start-up to be involved in a major lifestyle residential development in South Africa; with its exclusive partnership with Orlando Towers Estates in Soweto, Johannesburg. JSE Listed construction company Raubex is the construction partner in the development with its 2800 apartments and set to break ground on 20 July 2022. MortgageMarket has utilised its state-of-the-art technology to pre-approve buyers, giving them access to their credit score and affordability in just 2-minutes. This technology enables customers to select the right apartment, based on their affordability, prior to signing a sale agreement. Over 30% of the phase…
AltX-listed 4Sight Holdings has launched an ambitious pilot programme to provide 50 young people with niche training in Fourth Industrial Revolution (4IR) technologies, plus guaranteed employment on certification. The total cost for this pilot will be close to R10 million, estimates Tracy Short, COO of 4Sight. It will be based in KwaZulu Natal in order, she says, to tap into a new reservoir of talent outside of Gauteng. Sixty percent of the participants will potentially be female. She says that if the pilot project is successful, 4Sight would likely triple the intake in 2023. “To realise the potential of the…