Source: BBC The US government has added a dozen more Chinese companies to its restricted trade list, citing national security and foreign policy concerns. Washington says that some of the firms are helping develop the Chinese military’s quantum computing...
TECH NEWS
US restricts trade with a dozen more Chinese technology firms
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Covid restriction fatigue may wipe $100bn off Zoom value
By Thyagaraju Adinarayan for Irish Examiner Zoom Video Communications, the poster child of the so-called “pandemic winners” basket, is losing more of its lustre. The video conferencing company’s shares slumped 18% to the lowest since June 2020. Its latest quarter...
CNA receives purchase offer
According to a recent article by Business Day, Black Mountain Investment Management, a Durban-based hedge fund cofounded by a former RMB staffer, has made an offer to buy CNA for R2-million. This is a rescue deal that hands it a company that most likely needs...
Black Friday march against Amazon in Cape Town
By Hanno Labuschagne for MyBroadband An action group will be holding a march on Black Friday, 26 November 2021, to voice its opposition to the construction of Amazon’s new South African headquarters. The Liesbeek Action Campaign, which claims to represent the San and...
Cyber insurance is a fallback, not a solution
By Amritesh Anaand, practise lead for unified Communication at In2IT Technologies Cybercrime is a growing threat to businesses globally, and South Africa is no exception. The country ranks third in the world for the highest number of users experiencing targeted...
Single company owner defrauded TERS of R100m
By Babalo Ndenze for EWN The Special Investigating Unit (SIU) said one company owner used over 1 000 ID numbers to defraud the Unemployment Insurance Fund (UIF)’s temporary employment relief scheme (TERS) of over R100-million. The SIU on Wednesday told...
Shoprite quietly launches mobile banking to 20m customers
Source: Tech Central Shoprite Group, South Africa’s largest retailer, has quietly launched a basic transactional bank account linked to its Xtra Savings rewards cards. With more than 20 million of these in issue across the Checkers and Shoprite brands, customers need...
SA emergency response tech scores R62m in funding
Source: Business Insider SA AURA, a tech start-up headquartered in Johannesburg that provides rapid private armed and medical response through a digital marketplace, has secured R62 million in a Series A funding. Since its launch in 2016, AURA has expanded from South...
MTN wants to buy Telkom, insiders say
By Aaron Kirchfeld, Loni Prinsloo and Dinesh Nair for News24 MTN recently made a takeover approach for Telkom in a deal that would’ve combined South Africa’s second and third largest telecommunications operators, according to people familiar with the matter. Telkom...
How retailers are going digital-first this holiday season
By Robbie Kearns, senior regional VP at Salesforce For retailers this holiday season, everything is relative when you consider last year’s widespread lockdown of physical spaces and an accelerated shift to digital commerce in response to the global pandemic. According...
Ransomware is now a one-delivery system
Sophos, a global leader in next-generation cybersecurity, has published the Sophos 2022 Threat Report, which shows how the gravitational force of ransomware’s black hole is pulling in other cyberthreats to form one massive, interconnected ransomware delivery system –...
Icasa backtracks, offers temporary spectrum again
By Sibongile Khumalo for News24 At the start of the Covid-19 pandemic in 2020, Icasa issued temporary spectrum to providers to cope with the surge in work-from-home data demands during lockdown. MTN, for example, reported a 165% increase in data traffic since the...
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