Kenya’s biggest telecoms operator Safaricom has started trials for 5G high-speed internet network using technology from Nokia and Huawei, it said. Safaricom, part owned by South Africa’s Vodacom and Britain’s Vodafone, wants to boost its fast-growing data business, amid increasing demand due to the COVID-19 pandemic forcing people to work and learn from home. The...
Month: <span>March 2021</span>
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Tech Companies Plan to start Bringing Employees back to Offices – Report
Facebook is planning to start its return to in-person work in May, after over a year of working remotely due to the COVID-19 pandemic, according to Bloomberg. Facebook CEO Mark Zuckerberg announced remote work plans near the start of the pandemic that promised around half of his employees could work remotely in the next five to 10 years,...
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Xago partners with Paxful to connect with 5 million peer-to-peer traders
We are very pleased to announce that Xago has partnered with Paxful, the leading peer-to-peer financial platform with over 5 million users around the world to connect more South Africans to the global financial network via cryptocurrencies. Xago is expanding rapidly, especially into emerging markets, and joining the Paxful stable is certainly opening up Xago’s clients to like-minded individuals who value real-time trade. By simply having both Xago and Paxful accounts, Xago users can now trade with individuals on the Paxful platform from all...
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Best paid tech CEOs in South Africa – Report
“The top business leaders have equally scarce and impressive skills and should receive the same respect as their counterparts in sport, music, or movies. This may even help young people to pick business leaders as role models instead of the politicians who vilify them to the detriment of the economy – MyBroadband.” MyBroadband
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Monetary Policy Committee keep the Repo Rate Unchanged
The South African Reserve Bank’s Monetary Policy Committee has opted to keep the repo rate at 3.5%, which means that the prime lending rate stays at 7%. Reserve Bank Governor Lesetja Kganyago also updated growth forecasts, saying that first quarter GDP growth was likely to fall short of the central bank’s January prediction. The good...
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Sygnia CEO Magda Wierzycka to step down
Outspoken founder of Sygnia, Magda Wierzyka, will be handing over the reins of the multi-billion rand investment house to joint chief executive officer (CEO), David Hufton on 1 June 2021. Wierzycka will remain involved in the company as founder and non-executive director and, together with the executive management team and the board of directors, and...
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TikTok parent company ByteDance hires CFO in a step towards IPO
TikTok owner ByteDance has hired Xiaomi executive Shou Zi Chew for a newly created role as chief finance officer, in a sign that the tech company is moving towards a much-anticipated initial public offering of one or some of its businesses. ByteDance has been considering whether to go for a standalone public listing for Douyin,...
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Ghana takes delivery of first COVID-19 vaccines donated by MTN Group
The first 165,000 of up to 7 million COVID-19 vaccine doses that MTN Group is donating to African countries have arrived in Ghana, the South African telecoms company said on Tuesday. It is donating $25 million to support the African Union’s vaccination programme. The vaccines are intended to be distributed to health workers across the...
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India antitrust watchdog orders probe into WhatsApp’s new privacy policy – Report
India’s competition watchdog on Wednesday ordered a probe into a WhatsApp privacy policy update, saying the Facebook Inc-owned messaging service had breached antitrust laws. The update announced in January, which will take effect in May, allows WhatsApp to share some user data with Facebook and its units, prompting a global backlash including in India, its...
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You can now buy a Tesla with Bitcoin – Elon Musk
Tesla founder and CEO Elon Musk has announced that people in the United States can now buy a Tesla using Bitcoin. Musk said on Twitter that Tesla is using only internal and open-source software and operates Bitcoin nodes directly. The Bitcoin paid to Tesla to purchase a vehicle will be retained as Bitcoin, and not...