Standard Bank is considering of entering the cryptocurrency space in South Africa. As one of the country’s leading banks, this move signals a potential shift towards embracing digital currencies and exploring their benefits and opportunities.
Author: Staff Writer
Google’s chatbot, Bard, has added Swahili as its first African language. This expansion demonstrates Google’s commitment to inclusivity and reaching a wider user base across different regions of the world, particularly in Africa.
Vodacom has committed to improving connectivity in the Eastern Cape by investing a significant amount of R500 million in network infrastructure. This demonstrates Vodacom’s dedication to enhancing telecommunications services in the region.
Elon Musk has entered the artificial intelligence (AI) race with a new company called “AI Neuralink Corp.”
FNB has appointed a new CEO for its Mobile Virtual Network Operator (MVNO) division. This strategic move showcases FNB’s focus on expanding its presence in the telecommunications sector and offering innovative mobile services to its customers.
Glencore and Anglo American Platinum (Amplats) have joined forces with the South African government in a R27bn water project to supply drinking water to major platinum and chrome operations, as well as several hundred thousand people.
Ninety One, South Africa’s largest asset manager, announced that its assets under management (AUM) fell by £4.5 billion (about R106 billion) in the first quarter of 2023, with AUM standing at £124.8 billion (about R2.9 trillion) at the end of June, down more than 7% year-on-year.
Unilever has agreed to pay a R16m penalty in a settlement agreement with the Competition Commission in South Africa.
The Competition Tribunal has rejected most of Shoprite’s proposed amendments to its consent agreement with the Competition Commission.
There are 3 immediate priority interventions – energy, transport and logistics, and fighting crime and corruption.