Author: Staff Writer

The Hawks, representing the NPA’s Investigative Directorate, conducted an early morning raid on parliamentary speaker Nosiviwe Mapisa-Nqakula’s Johannesburg home on Tuesday, according to a report in Business Day. Allegations suggest she received and solicited over R2.3m from a former military contractor during her time as defence minister. Mapisa-Nqakula was reportedly present during the raid at her residence on Adolph Goertz Street, Bruma. The operation concluded around 11 am with the seizure of certain items. The speaker had returned from official visits to Paris and New York last week. The allegations were first published by the Sunday Times regarding the purported…

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The latest PWC insight shows that a large number of CEOs have embraced the efficiencies that generative AI can bring to their business, with 51% of respondents saying they had already integrated AI into business operations. However, software development specialist, Global Kinetic, has warned that IT leaders should still exercise some caution, especially as global regulators move towards consensus. The latest 27th PWC Annual Global CEO survey shows that 70% of the 4702 respondents expect generative AI (genAI) to significantly change the way their company creates value over the next three years. However, their enthusiasm was tempered in the longer…

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Sectional title sales now comprise more than half of all property sales in South Africa, with price growth for this type of asset exceeding that of freehold properties for the first time in two decades. This is according to Renier Kriek, Managing Director of Sentinel Homes. “Sectional titles made up 54% of total property sales in Q4 2023 – up from 44% in 2013. As sectional title ownership continues to gain in popularity, it may be lucrative for purchasers and investors who buy now and gain from the anticipated long-term trend,” he says. However, knowing the ins-and-outs of sectional title…

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The debut of the Audi Q6 e-tron heralds a significant milestone as the inaugural production model built on the Premium Platform Electric (PPE), signaling Audi’s progression towards delivering premium electric mobility. Noteworthy for its exceptional driving dynamics, rapid charging capabilities, heightened efficiency, and extensive range, the Q6 e-tron represents a leap forward in Audi’s electric vehicle offerings. Embodying the distinctive styling of Audi’s SUV lineage fused with a refined e-tron design language, the Q6 e-tron exemplifies the brand’s commitment to innovative aesthetics. Inside, a new design ethos and cutting-edge technologies introduced in this model pave the way for the next…

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Sungrow, a renowned global provider of PV inverters and energy storage systems, has introduced its newest advancement: the three-phase hybrid inverter tailored to meet the distinct energy requirements of South African customers. The unveiling took place at the prestigious Houghton Hotel, The Venue, highlighting this pioneering technology that provides tailored energy solutions for both residential and commercial sectors across the nation. “South Africa has long grappled with electricity challenges, from load shedding to infrastructure limitations,” remarked Ezzat Sankari, Channels Business Director for Sungrow Middle East and Africa at Sungrow. “With our latest three-phase hybrid inverter, we seize the opportunity to…

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The Johannesburg Stock Exchange (JSE), Africa’s largest stock exchange continues on its technology enablement journey and is collaborating with Amazon Web Services (AWS) to modernise its technology, leverage edge computing infrastructure, explore AI to deliver innovative market solutions and drive operational efficiencies.  This move will also revolutionise the delivery of real-time market data in the cloud and drive industry innovation leveraging artificial intelligence (AI), machine learning (ML), generative AI and blockchain technologies. The transformative journey will focus on market infrastructure and the enablement of evolutionary trading enablement technologies for seamless connectivity with clients. The JSE will start by embarking on…

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Cell C today announced the appointment of Chris Lazarus as the Chief Officer: Sales, Distribution, & Regions, reporting directly to Jorge Mendes, CEO of Cell C. With over 30 years of experience in the financial services and telecommunications industries, Chris brings a wealth of expertise and leadership to his new role. Chris’s distinguished career demonstrates his success in various leadership positions, including his most recent role as the Chief Enterprise Officer at Safaricom Ethiopia, where he played a pivotal role in establishing the telecoms business. The successful launch of the network in 2022 served a market of 120 million people,…

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The Bolt driver convicted of rape and kidnapping female customers has been sentenced to two life terms plus 60 years. Serial rapist 30-year-old Emmanuel Mudau was registered as a driver with Bolt. Between January and February 2022, Mudau targeted women who requested transportation from Cosmo City to various destinations, using the Bolt App. This week the High Court of South Africa: Gauteng Division, Johannesburg sentenced the former e-hailing driver to two life imprisonment terms, plus 60 years for four counts of rape and kidnapping, and two cases of assault with intent to cause grievous bodily harm. The four complainants testified…

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President Cyril Ramaphosa has reappointed Lesetja Kganyago as Governor of the South African Reserve Bank (SARB) for a period of five years. The reappointment will take effect from November this year. “The reappointment of Governor Kganyago will ensure continuity and institutional stability at the reserve bank. “Furthermore, the President has reappointed Nomfundo Tshazibana and Dr Rashad Ismail Cassim as Deputy Governors of the South African Reserve Bank for a period of five years, with effect from 1 August 2024,” the Presidency said in a statement. The statement said Dr Mampho Modise has been appointed as Deputy Governor following the end…

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The High Court on Friday dismissed Thabo Bester and Nandipha Magadumana’s urgent applications to stop Showmax from airing the four-part documentary. MultiChoice is delighted that the Johannesburg High Court has upheld the public’s right to watch the “Tracking Thabo Bester” documentary. The fascinating documentary will shed light on the allegations against Thabo Bester and Nandipha Magudumana and allow the public the opportunity to make up their own minds and opinions about what took place. The first two episodes of Tracking Thabo Bester will be available to stream exclusively on Showmax from 16h00 today, 15 March 2024. Also read: BREAKING: Thabo…

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