Cell C has cut the offer price for its imminent JSE debut, trimming as much as R3.50/share off the bottom of the original range and knocking roughly R1-billion to R3-billion off its hoped-for valuation. In an update to investors on Friday, Blu Label Unlimited Group, Cell C’s largest shareholder, said it has approved a final…
A cannon, three coins and a porcelain cup were among the first objects Colombian scientists recovered from the depths of the Caribbean Sea where the mythical Spanish galleon San José sank in 1708 after being attacked by an English fleet, authorities said Thursday. The recovery is part of a scientific investigation that the government authorized…
Pension funds and insurance companies in different African countries invest billions abroad despite energy projects on the continent needing investment, says chairperson of the presidential initiative on climate change in Sierra Leone Kandeh Yumkella. Speaking at the Accelerated Partnership for Renewables in Africa (Apra) investment forum in Sierra Leone, Yumkella said projects in Africa are…
Dr Jannie Zaaiman, CEO of the South Africa Information and Communication Technology Association. Within the next five years, companies in the artificial intelligence (AI) game are going to need enough power to light up New York City 17 times over, and Goldman Sachs tells us that less than 10% of the needed power will be…
The BYD Sealion 7 electric. Chinese multinational new energy vehicle (NEV) manufacturer BYD has made a multibillion-rand investment in expanding its operations in South Africa, as it looks to increase its market share in the local electric vehicle (EV) industry. BYD has set a target to, over the next year, open a dealership in every…
The South African gambling landscape is undergoing a revolutionary and concerning transformation as bettors rapidly shift from traditional land-based casinos to accessible online platforms. According to the National Gambling Board (NGB), this digital migration is now the dominant force in the industry, presenting major challenges related to addiction, legality, and regulation. The core of this…
Over 100 countries have made unprecedented efforts to improve basic services in health care facilities according to the latest joint WHO/UNICEF global progress report, Essential Services for Quality Care: Water, Sanitation, Hygiene, Health Care Waste and Electricity Services in Health Care Facilities. While there is progress in establishing standards, conducting baseline assessments, and developing national…
A new report launched by the World Health Organization (WHO) and UNICEF during World Water Week 2025 has revealed that billions of people around the world remain without access to safe water, sanitation, and hygiene (WASH) services, exposing vulnerable communities to disease, poverty, and deepening inequalities. The report on Progress on Household Drinking Water and…
Other global south economies provide valuable lessons on successfully transforming remittance flows into broad-based growth. In just over a decade, remittance inflows to Africa have surged from approximately US$53 billion in 2010 to US$95 billion in 2024. During this time, their share of the continent’s GDP rose from 3.6% to 5.1%, making remittances one of…
Mark Zuckerberg Meta Platforms is planning its fourth overhaul of artificial intelligence efforts in six months, The Information reported on Friday, citing three people familiar with the matter. The company is expected to divide its new AI unit, Superintelligence Labs, into four groups: a new “TBD Lab”, short for “to be determined”; a products team…
