South African-founded cryptocurrency exchange Luno has been acquired by Digital Currency Group (DCG), a global business that builds, buys, and invests in blockchain companies. Luno is South Africa’s’ largest cryptocurrency exchange, and it now has five million customers spanning over 40 countries, along with 400 employees based in London, Singapore, and South Africa. Digital Currency...
Year: <span>2020</span>
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Samsung Newly-Uncovered Patent Suggests See-Through Phone Screens
First spotted by tech blog LetsGoDigital, Samsung filed a patent for transparent phone displays back in January. The tech giant issued the document in Korea, seeking to protect its “invention relate[d] generally to a transparent display device.” Ranging from folding phones to pop-up cameras, Samsung has experimented with an array of technical experiments leading up to this see-through breakthrough. Of course, transparent phones...
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Today’s business update — and why the SA economy didn’t shrink by 51%
1. South Africa’s economy shrank by more than 16% from the first quarter to the second quarter – and was 17% smaller than in the second quarter of 2019, worse than economists feared. The rand slumped in reaction, and was last trading at R16.93/$. The Reserve Bank may cut rates even further next week in reaction...
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Zoom skyrockets 38% after reporting blockbuster earnings
The company said in a press release that revenue was up 355% from the same quarter a year ago, fueled by adding new users and expanding across existing customers. At the end of the second quarter, Zoom had 370,200 customers with more than 10 employees, a 458% jump on the year. Zoom also had 988 customers that...
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Nelson Mandela Foundation Fights Hunger in Howick
From: Nelson Mandela Foundation: I support of its efforts to fight the scourge of food insecurity in vulnerable communities and schools, the Nelson Mandela Foundation in collaboration with Hulamin and the Nelson Mandela Legacy RIDE4HOPE, would like to invite you to cover the #Each1Feed1 distribution at Khazimula Children’s Home in Howick. As the coronavirus pandemic continues to affect many...
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Digital platforms, private markets, and ESGs — the future of investing is already here
2020 started innocently enough on the investing front. The S&P 500 was fresh off its best year since 2013, led by the usual suspects in mega-cap tech. Digital investing platforms swelled in popularity, private markets started attracting major attention, and ESG looked like the next big thing. Then a global pandemic struck, upending the global...
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Facebook CEO Mark Zuckerberg says it will remove videos of Donald Trump encouraging people to vote twice
Facebook will be taking down videos of the US president telling people to vote twice, the company told Axios on Thursday. In the video President Trump suggests people in North Carolina should vote first by mail-in vote, then go to the polling station and vote again if the mail-in vote has not yet been counted. The president...
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Rapper and Entrepreneur Snoop Dogg is launching New Gin Line – I wrote ‘Gin & Juice’ back in ’94
Snoop Dogg just launched his own spirits brand and it was only right that he went the gin route! That’s right, the “Gin & Juice” rapper whose real name is Calvin Broadus has revealed his new drink, INDOGGO Gin. Snoop first popularized the gin and juice moniker when the track was released in 1994. “I can’t wait for...
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Capitec’s CEO clears out his email, every day – here’s why?
Capitec’s CEO Gerrie Fourie runs a R100 billion company, but still manages to do what few others achieve: he deals with all his incoming email every day. Fourie admits that going to so-called “inbox zero” every day isn’t easy. “It’s a bit of a nightmare. I just make it a discipline to remain on top...
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What is Cancel Culture According to South African Context?
Independent journalist Fikile-Ntsikelelo Moya discusses whether there is a place for cancel culture? Independent journalist and former editor of The Mercury and The Witness Fikile-Ntsikelelo Moya joined Azania Mosaka to discuss on whether there is a place for “cancel culture” as many people have been falling into this trap from international stars such as talk...