Surprise takeover bid in tech sector The telecom technology company Huge Group has made a surprise bid to buy out software group Adapt IT. Adapt IT shareholders are offered 0.9 Huge share for every one Adapt IT share they own, which implies an offer price 552c for Adapt. The bid is worth R800 million. Adapt’s share...
Author: TechDailyPost
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South African Opera & Jazz Legend Sibongile Khumalo has Died at aged 63
South African opera and jazz singer, Sibongile Khumalo, a recipient of the country’s second highest national order, died on Thursday, her family said a statement. The 63 year-old singer, born in Soweto not far from late President Nelson Mandela’s home, sang at the leader’s 1994 inauguration. She also performed internationally, including at London’s famed Royal...
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Musica Stores to Close End of May – Clicks Group
It’s tough and costly to run a physical music store this days, with rise of digital downloads music lovers shop online. Musica parent company Clicks has announced that it is closing its Musica entertainment outlets at the end of May. “The inevitable demise of the brand has been accelerated by the Covid-19 pandemic which resulted...
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Diddy Invests In Digital Platform That Celebrates Black-Owned Beauty Brands
Entrepreneur and Media Mogul Sean Combs has continually used his platform and resources to uplift marginalized communities. His latest efforts have been centered on empowering Black entrepreneurs. According to WWD, the Harlem native invested in Thirteen Lune; a platform designed to highlight beauty brands created by Black and brown founders. “I believe in the Thirteen Lune mission to build...
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Mzansi’s Newly Launched Digital Bank with No Monthly Fees
Described as a positive move for the South African fintech (an innovation that aims to compete with traditional financial methods in the delivery of financial services landscape) Spot Money’s Open Banking marketplace will “bring a new dimension to enabling consumers to manage and control their money,” according to the company CEO. The move follows the...
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SA’s Batch of Vaccine to Arrive this coming Monday – Health Minister
Health Minister Zweli Mkhize has announced that the first batch of Covid-19 vaccines will arrive in South African on Monday. Dr Mkhize made the announcement during a live briefing on the countries vaccines roll out strategy on Wednesday evening. A flight with the vaccines will depart India on Sunday. “It’s a massive achievement to get...
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Tesla’s Model S and Model X’s new Interior Revealed
Tesla confirmed the revisions in a few images released just ahead of its quarterly earnings call scheduled for later this afternoon, according to Techcrunch. The tech site report that, Some of the changes — like the shift to a widescreen display — are things that have made their way over from the Model 3. Others...
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Restaurant Association of South Africa calls the Government to Lift the ban on Alcohol
The Restaurant Association of South Africa on Tuesday said the alcohol sales ban and the curfew have had a devastating impact on the industry. Speaking to EWN, The association’s Wendy Alberts said the Presidency had received their memorandum and they remained hopeful the COVID-19 lockdown regulations would be reviewed. The Restaurant Association of South Africa...
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African Bank CEO Ms. Basani Maluleke Part-Ways with the Banking Group
African Bank has announced the resignation of its Chief Executive Officer (CEO) Ms Basani Maluleke. Maluleke’s sudden resignation was primarily due to a clash of personalities with African Bank chair Thabo Dloti, that’s according to Business Day. The newspaper report that in the wake of the announcement, which caught the market by surprise, Business Day...
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Twitter Launched Birdwatch, a Fact-Checking Program to fight Fake News
Twitter is serious about fighting misinformation and fake news on their platform as they launched a fact check program called Birdwatch. The social media giant (Twitter) has launched its Birdwatch program, meant to address misinformation on the platform by allowing users to fact-check tweets, the company announced Monday. Users in the pilot program, which will only...