An investigation uncovered weaknesses in ZADNA’s credit card section of the procurement policy. (Image source: 123RF) Communications minister Solly Malatsi’s department is initiating several actions to give full effect to the recommendations of an investigation report on alleged misconduct by the CEO of the .ZA Domain Name Authority (ZADNA). This, after the entity was again…
In this episode of ITWeb TV, Kitso Lemo, associate director at Boston Consulting Group, discusses how technology is reshaping payments in South Africa and the role of fintech innovation in driving financial inclusion. #Fintech #FinancialInclusion #DigitalPayments South Africa’s payments landscape is digitising rapidly, but cash remains deeply entrenched in the economy, accounting for over 50%…
A general view of the Google Midlothian Data Center where Texas Gov. Greg Abbott and Alphabet and Google CEO Sundar Pichai are scheduled to speak on Nov. 14, 2025 in Midlothian, Texas. Ron Jenkins | Getty Images Alphabet, Microsoft, Meta and Amazon are expected to spend nearly $700 billion combined this year to fuel their…
Netflix’s advertising business has reached a major turning point, more than doubling its revenue to $1.5 billion between 2024 and 2025. During the company’s most recent earnings call, co-CEO Greg Peters expressed high confidence in this trajectory, projecting that ad revenue will “roughly double again” in 2026 to reach approximately $3 billion. This rapid scaling…
Jensen Huang, chief executive officer of Nvidia Corp., during the Taiwan Semiconductor Manufacturing Co. (TSMC) sports day event in Hsinchu, Taiwan, on Saturday, Nov. 8, 2025. Lam Yik Fei | Bloomberg | Getty Images When Nvidia this week said it would take a $2 billion stake in chip design company Synopsys, it was just the…
Themba Mgimeti, co-founder of CarShareNova. South African-born peer-to-peer car-sharing platform CarShareNova has entered the local e-mobility market, hoping to reinvent the car rental industry. Founded by Themba Mgimeti, an engineer and former manager at Bolt, and Lebogang Mabala, software engineer and employee at Naked Insurance, CarShareNova’s mission is to turn vehicles into income-generating assets for…
Ioco Limited has reported a return to profitability for the financial year ended 31 July 2025, marking a decisive turnaround after three years of losses. The technology group credited its improved performance to an operational reset, disciplined execution, and a more focused business structure. Group CFO Ashona Kooblall For the first time, Ioco generated enough…
Elon Musk When Tesla directors offered Elon Musk the biggest executive pay package in corporate history in September, it reassured investors that he would have to achieve the equivalent of “Mars-shot milestones” to earn US$878-billion (R15-trillion) in Tesla stock over 10 years. The board’s proposal said Musk would have to “completely transform Tesla and society…
A longtime ally, adviser and fundraiser for New York Mayor Eric Adams was suspended from his re-election effort after she was accused of attempting to hand a local journalist a cash-stuffed potato chip bag. Winnie Greco was outed by a local news organization, The City, for trying to give cash surreptitiously tucked inside a Herr’s…
Natalia Paruz, who serenades straphangers with her musical saw, isn’t getting the tips she used to. That was clear on a recent Thursday at the Herald Square station in midtown Manhattan, her gold-colored tip bucket only showing a couple dollar bills and some coins halfway through a three-hour performance during the afternoon rush. “I have…
