BRICS’ New Development Bank (NDB) announce a R5 billion loan agreement with Transnet. The loan, which will be guaranteed by the South African government, was announced by director general, Duncan Pieterse during a meeting of the New Development Bank in Cape Town. The loan agreement, signed during NDB’s 9th Annual Meeting, aims to enhance the efficiency...
Month: <span>September 2024</span>
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BRICS bank offers South Africa $1 billion loan for clean water projects
The New Development Bank has approved a new loan of up to $1 billion to finance water and sanitation projects among poorer households in South Africa, the bank said in a statement on Saturday. The loan will be used under South Africa’s Municipal Infrastructure Grant, a conditional grant used by municipalities to reduce backlogs and...
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Standard Bank Group appoints Kenny Fihla as Chief Executive of Standard Bank South Africa
Standard Bank Group has appointed Kenny Fihla as Chief Executive of Standard Bank of South Africa (SBSA) and Deputy Chief Executive of the Standard Bank Group taking over from Lungisa Fuzile. Fihla will report to the group’s Chief Executive Officer, Sim Tshabalala. “Fihla is a most experienced and successful executive – a leader’s leader of...
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ChatGPT’s weekly users have grown to 200 million says OpenAI
AI startup OpenAI said its chatbot ChatGPT now has more than 200 million weekly active users, double the number it had in the last fall season. ChatGPT, launched in 2022, can generate human-like responses based on user prompts and had 100 million weekly active users, OpenAI CEO Sam Altman had said in November. OpenAI said 92% of...
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Work, life and Artificial Intelligence (AI): 34% believe that AI can be a better boss than a human
AI is becoming a new member of society according to results from a new Kaspersky survey titled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World’. The study also found that today artificial intelligence is taking on new roles in fields where it can succeed and be trusted by humans....
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Telegram investigated for online sex crimes by South Korea police
South Korean police have launched an investigation into the messaging platform Telegram over deepfake online sex crimes, Yonhap news agency reported on Monday, citing a senior police official. The probe will examine whether it had been abetting distribution of sexually explicit deepfake content, Yonhap said, quoting the head of the National Office of Investigation. An official...
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OPINION | Four Leadership Strategies for a Dynamic Start to The New Year
As 2024 officially kicks off, business leaders have a unique opportunity to set the tone for the months ahead and inspire their workforce towards collective success and growth. As someone who has had history inspiring his workforce, Ryan Nofal, the Managing Director at popular integrated advertising agency Penquin, unpacks four powerful ways leaders can ignite inspiration and...