Embattled EOH starting to recover In a trading update for the year to end-July, the ICT company EOH said it saw a positive EBITDA, while its headline loss will be between 70% and 76% smaller. The company is struggling with debt, but says that notwithstanding large payments to lenders, cash balances remain healthy at R943 million...
Day: <span>26 October 2020</span>
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End of The Road for Cell C – Here is what will Happen
Cell C is in the process of moving entirely onto MTN’s network, which will result in the company switching off its radio access network. This infrastructure sharing strategy will help Cell C to cut down on network investments and still get the benefit from an excellent service through MTN. This will be the first time...
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Everyshop – A New Online shopping Platform to Launch Soon… Takealot Competitor
A new online shopping platform called Everyshop will launch soon, offering South African consumers technology products, computers, appliances, and other products from leading brands. Everyshop is backed by JD Group, a member of Pepkor Holdings, who owns many high-profile retail chains including Incredible Connection and HiFi Corp. JD Group currently offers consumers a wide range...
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Message from Woolworths CEO: Woolies Exceptional Quality at new lower prices, every day
Dear Valued Customer, We know how much you love Woolies quality and over the last few years we have been on a journey to invest in the prices of your Woolies favourites, so you can enjoy the quality you expect at the value you want. The COVID-19 pandemic has certainly emphasised this need and, because...
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Facebook Creates the First AI That Can Translate 100 Languages Without Using English
Facebook has created the world’s first artificial intelligence model capable of translating 100 different languages without relying on the use of English at all. According to the tech giant, most translation models currently being used rely heavily on English when performing translations. For example, when translating Chinese to French, these AI will first translate Chinese into English, and...
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Crypto firm Ripple considers relocating to London over U.S. regulation
Ripple, the $10 billion financial technology company best known for cryptocurrency XRP, is considering relocating its headquarters overseas due to frustration with the U.S. regulatory environment. The San Francisco-based firm’s CEO Brad Garlinghouse, who says he visited London only last month, told CNBC that U.K. markets watchdog the Financial Conduct Authority doesn’t deem XRP a...
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Former Netflix Exec Channing Dungey is the New Chairwoman of Warner Bros. TV Group
Channing Dungey just locked in a new position! The former Netflix exec has been named the chairman of Warner Bros. TV Group, according to The Hollywood Reporter. This news comes just two weeks after her announcement to leave Netflix on Oct. 9th. She will succeed Peter Roth, who’s stepping down from the position after his current...