Virgin Hyperloop has trialled its first ever journey with human passengers at more than 100mph in the Nevada desert. Richard Branson‘s new technology, considered to be the future of high-speed ground transport, carries people in pods which travel through vacuum tubes. The two passengers – Virgin Hyperloop executives Josh Giegel and Sara Luchian – reached...
Year: <span>2020</span>
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Digital Bank: Bank Zero begins Final Countdown
Having completed its core value proposition, preparations are underway to open its digital doors Bank Zero has now fully completed its core value proposition by going live with its debit card. Following this card go-live, rigorous health-checks such as simulated card attacks, card fraud detection and retailer readiness are currently underway. Thereafter the final countdown...
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Tesla has not Created a Real Business in the Real World yet – Toyota President
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...
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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...
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Elon Musk & Tesla Enters Liquor Market with the Launch of Tesla Tequila
Teslaquila, the Tesla -branded liquor that co-starred in CEO Elon Musk’s controversial April Fool’s Day joke about the automaker filing for bankruptcy, has arrived. The automaker now lists Tesla Tequila (a bit different from the original Teslaquila branding) on its website. The tequila — described as a “small-batch premium 100% de agave tequila añejo made from sustainably sourced highland and...
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Zoom Video has surpassed Exxon Mobil in market Capitalisation – new data
A nine-year-old video communication software provider is now worth more than an oil giant that can trace its founding back to John D. Rockefeller’s 1870 formation of Standard Oil. In Thursday trades, Zoom Video is now worth $140 billion, surpassing Exxon Mobil’s market capitalisation of $137 billion, according to data from YCharts.com. The change in fortunes for Zoom and...
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Competition Commission to Investigate Takealot for Dominating the market
The Competition Commission will proactively investigate the dominance of Takealot and other major players in South Africa’s digital market. Speaking at the 14th Annual Competition Law, Economics, and Policy Conference, Commissioner Tembinkosi Bonakele reiterated the Commission’s commitment to actively investigating and creating new regulations that would prevent the abuse of dominance by major firms. Takealot...