During a Toyota Motors earnings call on Friday, executives answered questions about how they plan to compete in the expanding field of electric vehicles, and took a potshot at Tesla’s sky-high valuation. Toyota President Akio Toyoda acknowledged that Tesla’s valuation of around $400 billion is sky high, exceeding that of all seven Japanese automakers combined. He also...
Day: <span>9 November 2020</span>
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SAA Business Rescue Practitioners Walked Aways with Millions Each – Big Payout
The business rescue process for South African Airways (SAA) has cost South African taxpayers a total of R169 million, according to a report by the Sunday Times. According to documents seen by the publication, R169 million was paid to six consulting firms as part of the failed state airline’s business rescue process. R22.2 million was reportedly...
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WhatsApp is Testing Self-deleting Messages that vanish after 7 days
WhatsApp has officially begun testing its disappearing messages feature. As spotted by WABetaInfo, an FAQ page on WhatsApp’s website entitled “about disappearing messages” says that, once the feature is enabled, both sent and received messages will delete after seven days. You can toggle this on and off for individual conversations, or for group conversations if you are an admin. ...
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Virgin Mobile SA has been Placed Under Business Rescue – They Should call Richard Branson
Mobile virtual network operator’s business status has been changed to ‘business rescue’ at the Companies and Intellectual Property Commission. This indicates that the company is financially distressed because it is under a process to restructure its affairs. Virgin Mobile SA has been placed under business rescue, a company filing at the Companies and Intellectual Property...
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Tech is Africa’s Biggest Undiscovered Gold mine writes Donald Waigumbulizi
echnology has the potential to fundamentally transform societies. ICT and broadband are becoming central to the societal developments around the world – enabling rapid improvements to industrial production and societal services, positively influencing the way we live and interact with our environment. Africa is home to over a billion people and the population is expected...