Category News

BBC News

A ship named Léon Thévenin with over 50 engineers sails around Africa to repair damaged internet cables, preventing internet blackouts. Last year, the ship fixed multiple cable failures, ensuring connectivity for millions. The crew, including cable jointer Shuru Arendse, plays a crucial role in keeping countries connected. The BBC recently spent a week on board off the coast of Ghana to witness their work.

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BusinessTech

South Africa’s PIC eyes private credit in Africa for growth, diversification. The money manager has invested R8 billion in African markets in 2 years, plans to increase. Avoids listed equities due to small, illiquid markets. Private equity not viable, but sees potential in private debt for African investments. Chief Investment Officer emphasizes the importance of private markets in Africa.

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EWN

President Cyril Ramaphosa aims to establish a “meaningful deal” with the United States amid strained relations over misinformation and BRICS ties. He emphasizes the importance of fostering good relations with all countries, including the US, while maintaining a neutral foreign policy. Ramaphosa seeks to address trade, diplomatic, and political issues with the US, despite tensions and aid cancellations.

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BusinessTech

Cape Town secures R2.8 billion funding from German Development Bank for electricity grid upgrades. The investment is part of a larger R40 billion infrastructure plan to strengthen the grid and support renewable energy sources. Mayor Geordin Hill-Lewis emphasizes the importance of reliable infrastructure to prevent power outages.

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TechCentral

Derivco, a Durban-based iGaming software developer, appoints Andrew Slabbert as new leader following Quraish Behari’s departure after 20 years. Slabbert, with 16 years of experience at Derivco, aims to focus on core platforms and customer partnerships for technological advancements and market competitiveness. Founded in 1996, Derivco is Durban’s largest tech company with global offices.

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The Citizen

FlySafair’s Boeing 737 nearly crashed near Durban, with suspicions of delayed incident reporting. Investigation questions airline transparency and safety compliance. Incident reported to authorities after anonymous tip-off, raising concerns about potential cover-up. Legal requirements for reporting serious aviation incidents within 24 hours highlighted.

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CNN

Tropical cyclone Garance hits Réunion with winds up to 166 km/h, equivalent to a Category 2 hurricane. Strongest storm since 1989, bringing heavy rain, gusty winds, and powerful waves. Purple cyclone warning issued, later lowered to red. Winds may exceed 200 km/h and rainfall over 200 mm. Dangerous conditions expected to improve by Saturday.

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EWN

South Africa aims to host a new Grand Prix after three decades, with Cape Town and Kyalami in the running. A committee will decide the winning bid by the third quarter of the year. Sports minister Gayton McKenzie is confident the Grand Prix will come in 2027, regardless of the location. Kyalami, a historic track outside Johannesburg, last hosted a Grand Prix in 1993.

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TechCentral

Paul McCartney and other musicians, including Kate Bush and Elton John, protest UK’s proposed changes to copyright law by releasing a silent album made from empty music studios. The changes would allow tech firms to use creative work without permission or payment unless creators opt out, sparking backlash from artists and trade groups fearing exploitation and loss of livelihoods.

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BusinessTech

South Africa’s 2025 Budget, aiming to raise over R60 billion through a VAT increase, faced skepticism from economists. Data reveals a history of government overestimating revenue projections, leading to shortfalls, especially after tax hikes like the previous VAT increase to 15%. The proposed VAT hike to 17% in the shelved budget sparked controversy, with concerns about inflation and interest rates.

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