121 US retail giant Walmart, which entered the South African market in 2010 through an investment in Massmart – it later bought out the group in its entirely – is launching its…
Category: Tech
Big management shake-up at struggling Intel
97 Intel CEO Lip-Bu Tan. Anna Wang/Reuters Intel has announced a series of top executive changes, including the departure of products chief Michelle Johnston Holthaus, at a time when CEO Lip-Bu Tan…
Reserve Bank bets on PayInc to fix South Africa’s digital payments gap
116 PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc…
Absa turns to AWS in expanded cloud banking push
157 Banking group Absa and cloud services giant Amazon Web Services have announced an expansion of their commercial relationship that will see AWS become Absa’s “preferred cloud partner”. According to a statement…
DA calls for creation of independent Cyber Commission
120 The DA’s Glynnis Breytenbach The Democratic Alliance has called for an independent Cyber Commission to be established to strengthen cybersecurity as more South Africans fall victim to banking cyberattacks. DA justice…
Critical internet arteries severed in the Red Sea – again
139 Internet connectivity in multiple countries in Asia and the Middle East has been affected by subsea cable outages in the Red Sea, according to internet monitoring group Netblocks. Reuters reported on…
Twofold Capital leads buyout of SA tax tech pioneer TaxTim
156 Digital tax assistant TaxTim has been acquired by a private consortium led by Twofold Capital. Terms of the deal were not disclosed. It said in a statement on Monday that the…
Mupita: LEO satellites here to stay – but rules must keep up
135 MTN Group CEO Ralph Mupita MTN Group CEO Ralph Mupita said on Friday that low-Earth orbit satellites are becoming an integral part of modern connectivity and are here stay. However, he…
Altvest to change its name to The Africa Bitcoin Corporation
109 Altvest chairman and self-proclaimed “bitcoin maximalist” Stafford Masie Johannesburg-listed investment holding company Altvest Capital is changing its name to The Africa Bitcoin Corporation as it doubles down on its strategy of…
Apple poised to unveil iPhone 17 at Tuesday keynote
160 Renders suggest this is the new iPhone 17 Pro Apple will on Tuesday hold its annual September keynote, where the iPhone 17 line-up is expected to headline proceedings. The event, branded…