Aliko Dangote, Nigerian business tycoon and billionaire, is both the richest man in Africa and the richest black man in the world. With a net worth of almost $15 billion, Dangote continues to grow his fortune on the back of investment in flour, cement, and sugar. Get to know more about Aliko Dangote below. Early Life...
Year: <span>2020</span>
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ANC Proposed the Use of UIF to Help the Ailing Eskom
South Africa’s governing party has proposed using state-run unemployment and compensation fund surpluses to help rescue the country’s debt-laden power utility, raising the ire of labour unions. In discussion documents released late last week, the African National Congress said the Unemployment Insurance Fund and the Compensation Fund had combined surpluses of R225 billion ($15 billion)...
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Uber to Introduce a Cheaper Option that Starts from R19 a trip
Uber is testing a new, cheaper option called UberNAM in South Africa, with trips starting from R19. Currently, the minimum rate is R25. Similar to its competitor Bolt’s Go option, the new service will mostly make use of hatchbacks, which according to Uber are “generally more affordable to maintain and run”. Bolt Go is 20%...
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SA Financial Watchdog to Legitimize Crypto Assets as Financial Products
The Financial Sector Conduct Authority (FSCA) has published new draft rules that may up-end cryptocurrency selling in South Africa. There’s currently no protection for South Africans who buy cryptocurrencies, and these currencies are not regulated. The country has seen numerous cryptocurrency-related scams, with South Africans losing millions. While still not regulating crypto assets, authorities now...
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Why it’s so Important to Constantly Cultivate Self-awareness in Your Life
Today’s message is all about why it’s so important to constantly cultivate self-awareness in your life! The more I deal with people on a daily basis, the more I see just how important it is to develop the the subtle skill/art of self-awareness. There are so many ways to define “self-awareness”, but today I want to...
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Google’s Game-Streaming Service Stadia coming to iPhone in the Coming Weeks
Google said that its Stadia game-streaming service will launch for the iPhone in the coming weeks. Stadia has been limited to Android phones, computers and TVs, since Apple’s strict App Store rules prevented it from launching for iPhones. Game streaming isn’t terribly popular now, but lots of big tech companies — including Microsoft, Facebook, Amazon, and Nvidia — are making bets that it’s...
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Obama says Social Media Companies ‘are making Editorial Choices Buried them in Algorithms’
Former U.S. President Barack Obama said that the extent to which social media companies claim they “are more like a phone company than they are like The Atlantic” is not “tenable,” he told the publication in an interview. “They are making editorial choices, whether they’ve buried them in algorithms or not,” the former president said in the interview....
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Latest Biz News: The Reserve Bank Leaves Interest Rates Unchanged, Woolies 4% Sales Up and Telkom CEO Sells Shares
SARB leaves interest rate unchanged The Reserve Bank’s monetary policy committee has kept interest rates unchanged, with the prime rate staying at 7%. In September, governor Lesetja Kganyago said the Reserve Bank’s models do not make provision for further cuts in the near term. Instead there are two rate increases on the horizon, in the third and...
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African Fintech Startup Chipper Cash Raises $30M Backed by Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The company offers mobile-based, no fee, P2P payment services in seven countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda,...
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DStv Launches New Concept Store in Mall of the North, Polokwane
DStv, the broadcast satellite service of MultiChoice, has launched its new Customer Experience Centre in the Mall of the North, Polokwane. The concept store occupies 669 square metres over two floors – merging ‘the best of digital and physical shopping experience’. Customers can access a variety of services including purchasing decoders, testing devices, activating services,...