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JSE-listed Araxi to acquire Pay@ in R1bn deal

JSE-listed Araxi to acquire Pay@ in R1bn deal

Araxi CEO Bradley Sacks. JSE-listed payment solutions provider Araxi will acquire B2B payment solutions company Pay@ in a R1 billion deal, to be settled in cash. The consideration comprises R200 million from the Araxi Group’s existing cash reserves and R800 million in senior debt already committed. Forty percent of the shares of Pay@ are currently owned…

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The last generation of coders

The last generation of coders

There is a website called RentaHuman.ai that exists to connect autonomous AI agents with human beings who can carry out physical tasks in the real world – things the agents cannot yet do themselves. Its tagline? “Clear briefs, no drama.” It sounds like science-fiction. It is, in fact, very real. More than half a million…

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Waste Innovation Challenge Now Open to Students and Recent Graduates

Waste Innovation Challenge Now Open to Students and Recent Graduates

Mr Price Foundation, in collaboration with Universities South Africa, have launched the Waste Innovation Challenge, a national initiative that invites university students and recent graduates to develop commercially viable solutions that address plastic waste. The launch is hosted at the Durban University of Technology (DUT) in Pietermaritzburg, in recognition of the institution’s ongoing work in…

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Nvidia secures multiyear megadeal to power Meta’s AI infrastructure

Nvidia secures multiyear megadeal to power Meta’s AI infrastructure

Nvidia has announced a massive multiyear agreement to supply Meta Platforms with millions of its high-performance artificial intelligence chips. The deal covers a broad spectrum of Nvidia’s hardware, including the current Blackwell architecture and the forthcoming Rubin AI chips. Crucially, the agreement also includes Nvidia’s Grace and Vera central processing units (CPUs), signalling a direct…

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Africa: Coffee Crops Are Dying From a Fungus With Species-Jumping Genes – Researchers Are ‘Resurrecting’ Their Genomes to Understand How and Why

Africa: Coffee Crops Are Dying From a Fungus With Species-Jumping Genes – Researchers Are ‘Resurrecting’ Their Genomes to Understand How and Why

For anyone who relies on coffee to start their day, coffee wilt disease may be the most important disease you’ve never heard of. This fungal disease has repeatedly reshaped the global coffee supply over the past century, with consequences that reach from African farms to cafe counters worldwide. Infection with the fungus Fusarium xylarioides results…

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