“Absa advises that an employee has unlawfully made selected customer data available to a small number of external parties. The leaked data relates to a small portion of Absa South Africa’s customer base, although investigations continue,” it said. The bank did not immediately say what type of information was handed over. It did not say...
Year: <span>2020</span>
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Mzansi Produced MellowVan Set for Commercial Production in 2021
CEO Neil du Preez says they see themselves as world leaders in the electric three-wheeler space. MellowCabs are preparing to take the world by storm. The South African conceived and developed MellowCabs will enter commercial production next year. MellowCabs founder Neil du Preez says the electric three-wheeler is meant for short-distance deliveries. Speaking to John...
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Retail Giant Pick n Pay Extend its Black Friday Sales until 6 December
Retailer Pick n Pay says it will extend its Black Friday sales until 6 December. John Bradshaw, retail executive: marketing at Pick n Pay said that many customers had elected to focus on grocery basics to restock their pantries and freezers, and prepare for Christmas. “Our extended Black Friday deals this week means that SASSA...
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Facebook claims A.I. now Detects 94.7% of the hate Speech that gets Removed from its Platform
Facebook announced Thursday that artificial intelligence software now detects 94.7% of the hate speech that gets removed from its platform. Mike Schroepfer, Facebook’s chief technology officer, revealed the figure in a blog post, adding that it is up from 80.5% a year ago and just 24% in 2017. The figure was also shared in Facebook’s latest...
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Latest Business News: Bitcoin Continue with its Surge as it hits New All-time High
Bitcoin set a new all-time high on Monday, trading above $19,700 for the first time in three years. The digital token was trading up 8% at $19,843 on Monday afternoon, exceeding a previous record of $19,783 set in December 2017. “The Bitcoin correction didn’t last long, with the cryptocurrency having sights set on new highs once...
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Comair CEO Resigns with Immediate Effect – The Board
The CEO of Kulula.com owner Comair, Wrenelle Stander, has resigned from her position with immediate effect. This is according to a statement sent by the company to shareholders on 30 November, which also confirmed that Stander has also resigned as executive director of the board. “In accordance with paragraph 3.59(b) of the JSE Limited Listings...
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Robots Aren’t the Biggest Threat to the Future of Work – MIT Report
Fears of a robot-driven jobs apocalypse are a recurring theme in the media. But a new report from MIT has found that technology is creating as many jobs as it destroys, and bad policy is a bigger threat to workers than automation. Ever since a landmark 2013 paper from the University of Oxford estimated that 47 percent of US jobs were at risk of automation, there’s been growing concern about...
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How to Maximize Your Worth Without Watering Down Your Business’ Identity
If you recently started your own business, there’s a chance that you may have already encountered a situation in which you felt its identity changing. To many new entrepreneurs, these types of situations are normal in the world of business ownership, however these situations may also lead to feelings of frustration. As an entrepreneur, you ultimately created your...
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Ex-Spotify Exec Nick Holmsten Unveils Multi-Billion Dollar Plan for a ‘Disneyland for Music’
Former Spotify head of music Nick Holmsten has unveiled a plan to create a “playground for artists” in New York’s Times Square, where musicians will be able to perform concerts, meet fans, sell merch and create other experiences. Plans call for the development, which will include a street-facing stage and a retail space, to open in 2022, pending pandemic-related...
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Xbox Shipping Delays may Continue until April 2021, warns Microsoft executive
Microsoft may not be able to ship enough new Xbox consoles to meet demand until April next year, one Microsoft executive has said, while another has apologised for shipping delays. “The number one request I get over and over is, ‘It’s so hard to get the consoles right now,’ and you know I really apologise...