Author: Staff Writer
Disney+, the streaming service from The Walt Disney Company, has confirmed launch dates for the 42 countries and 11 new territories set to launch this winter. The streaming service will launch in South Africa on 18 May 2022. South African pricing has also been announced at R119.00 per month, or R1 190.00 for an annual subscription. With exclusive original content and thousands of episodes and movies from Disney, Pixar, Marvel, Star Wars, National Geographic and general entertainment from Star, Disney+ is the streaming home for some of the world’s most beloved stories. Subscribers will have access to Star Wars’ “The…
Huawei’s net profit jumped 76% to $17.8 billion in 2021 despite revenue declines across its business as the company maintained solid operations throughout the past year. However, the company’s revenue was flat at $99.9 billion in 2021. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are more capable of dealing with uncertainty,” Meng Wanzhou, Huawei’s CFO, said. “Thanks to the enhanced profitability of its major businesses, the company’s cash flow from operating activities dramatically increased in 2021, amounting to CNY59.7 billion. Its liability ratio also dropped to 57.8%,…
Tiger Brands Venture Capital Fund has made its first investment in Herbivore Earthfoods, a Cape Town-based business specialising in the manufacture and sale of plant-based and vegan products. Herbivore Earthfoods supplies major retailers across South Africa and sells directly to consumers through its online platform. The investment in Herbivore Earthfoods is closely aligned to Tiger Brands’ health and nutrition strategy. Together with co-investor, Secha Capital, an early-stage impact private equity firm, the Tiger Brands Venture Capital Fund has become a minority shareholder in the business. Herbivore Earthfoods is co-run by Founders, Chanel Grantham and Davey du Plessis, Operations Head. Tiger Brands’…
Nedbank has been approved for a secondary listing on A2X Markets (A2X) and its shares will be available for trade on A2X from 1 April 2022. Nedbank will retain its listing on the Johannesburg Stock Exchange (JSE) and a secondary listing on the Namibian Stock Exchange (NSX). Its issued share capital will be unaffected by its listing on A2X. Nedbank CFO Mike Davis said: “Our listing on A2X complements our existing listings on the JSE and the NSX by giving investors the option to trade on their stock exchange of choice and potentially save costs when trading in Nedbank shares.”…
CareerBox, an African impact sourcing non-profit organisation (NPO), has announced the launch of a satellite branch in Cape Town, as part of efforts to alleviate unemployment among youth and women from disadvantaged communities by training and placing them in sustainable, digitally-enabled jobs in the Global Business Services (GBS) sector. “With President Cyril Ramaphosa calling for a new post-covid economy where the GBS sector will drive growth, there has been a growth interest in Cape Town from international investors, and CareerBox is looking to build on this. CareerBox has built a strong presence and track record of success in Durban, and…
FOMO, an app in South Africa focused on connecting users to restaurant specials closest to them using geo location, launched in late 2020 has grown to 100k users and now entering the activities and events vertical. The growth comes as we see an increase in a more money savvy consumer looking to stretch their eating out budget further by visiting restaurants with specials. On the flip side, restaurant owners and businesses are looking at alternative ways to market their establishments outside of the traditional channels like in store marketing and own websites. Ryan Marx CEO and co-Founder says ”The FOMO…
The Tshimologong Precinct and Ekasi Esports are hosting an inaugural eSports Day on 26 March 2022 that will be the first of many hosted every last Saturday of the month. Register for the free event here: https://ekasiesports.africa/esports-gaming-day.php Joburg’s digital innovation ecosystem centred on Braamfontein and the country’s only gaming and esports collective focused on township youth are perfectly positioned to showcase gaming as a career and lifestyle choice. “Tshimologong is helping transform Joburg from a minerals-based to a mind-based economy. On the same day we are launching our first collaboration with the Precinct, there are events dedicated to robotics, coding…
Telviva CTO Antony Russell says that when one walks into the Mobile World Congress (MWC) you expect to be surrounded by glitz and glamour, to encounter startups and multinationals, to interact with science fiction and talk about the future. “MWC 2022 did not disappoint on this front. We touched the future and returned to South Africa with a spring in our step, pleasantly moved by the reception we received as South Africans pioneering in the unified communications and collaboration (UC&C) space,” he says. Russell says that all the innovation on display was premised on connectivity. In other words, how 5G…
The COVID-19 pandemic, without a question, forced the world into the digital realm. It also widened the divide between the haves and the have nots, which was particularly evident in both the workplace and the classroom. The digital world offers many advantages, the most significant of which is increased access to information. We are depriving citizens of education and job opportunities if we do not ensure universal access and digital literacy, and it is time that we realise that internet access – and the digital skills that come with it – is a basic human right. As technology continues to…
MTN Group today announced senior leadership appointments to operating companies in Nigeria, Iran and Sudan, all of them internal candidates, as it focuses on executing growth strategy, de-leverage faster and reveal value in our fintech and fibre businesses. The appointments are effective 1 April 2022. “A vital enabler of our strategy is having the best talent, culture and future-fit skills,” says MTN Group President and CEO Ralph Mupita. “Today’s announcement demonstrates the depth of talent within the Group, as well as the strength of our succession planning.” Following the recent appointment of MTN Nigeria Chief Operating Officer Mazen Mroue as…