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Walmart revives South African business with acquisition of Massmart Private

The global retail conglomerate plans to buy all the shares it does not already own in Massmart for Rs 62 $3.65 each, a 53 percent premium to its last

The global retail conglomerate plans to buy all the shares it does not already own in Massmart for Rs 62 $3.65 each, a 53 percent premium to its last closing price. The look could help Walmart cut costs and invest in companies that own brands like Makro and Builders. The share price has increased by 45% since the public offering of 6.4 billion lei. Massmart also reported a firsthalf net loss of Rs1.1 billion, up from R1.09 billion a year earlier. Slapa also faces many challenges, from supply chain issues to catastrophic riots caused by epidemics. COO Molapo has held various leadership roles in South Africa and internationally, most recently as CEO of Astron Energy Ltd. A major retail experience is the development of a shopping center for a gas station. Read More..

B2B Tech News | 3 years ago          

Beyond Gravity Delivers High Technology for Artemis Missions

Important components for the Artemis space missions are provided by Beyond Gravity. They are a component of the SLS rockets, the Orion spacecraft, and

Important components for the Artemis space missions are provided by Beyond Gravity. They are a component of the SLS rockets, the Orion spacecraft, and the envisioned Gateway space station. André Wall, CEO of Beyond Gravity, said, We are honored and proud to be a part of these historic missions. It has created and produced a unique adapter ESM for the European Service Module. On the second Artemis mission of 2018, the adapter will be used for the first time. Read More..

B2B Tech News | 3 years ago          

InvoCare increases innovation spending and the use of technology

InvoCare has boosted its information technology and digital spending, putting towards its PC, tablet, and phone refresh program, and building out an i

InvoCare has boosted its information technology and digital spending, putting towards its PC, tablet, and phone refresh program, and building out an innovation hub. Investment spending on funeral and crematorium providers platforms increased to $5.7 million for shared service center projects and ERP implementations. InvoCare is responsible for over 290 funeral locations and 17 cemeteries and crematoria. InvoCares $5 million growth and network costs included digital project initiatives, websites, ecommerce, CRM projects, and other network property projects. The companys operating earnings before interest and taxes EBIT over the half were up 10 percent to $44.0 million and reported $16.8 million in losses. Memory, an investment in the digital memorial business, now offers digital memorial hours for most fullservice funerals in Australia. Read More..

B2B Tech News | 3 years ago          

Global cybersecurity spending is expected to reach US$460 billion.

Global spending on cybersecurity will grow to $460 billion in the coming years, more than doubling the total in 2021, as its importance gains priority

Global spending on cybersecurity will grow to $460 billion in the coming years, more than doubling the total in 2021, as its importance gains priority in economies and businesses around the world. This was recently revealed at the 8th Kaspersky Cyber ​​​​Security Weekend in Asia Pacific APAC. You dont need to spend that much on cyber security, but to be honest, there is no general rule on spending on cyber security, it depends on the nature of your business and your internet savvy. Kaspersky Security CEO Kamluk explained how a world without cybersecurity opens the door for criminals to exploit user data. The inability to verify the accuracy of news and information makes them unreliable, and the spread of fake news and fake information is expected. From July 2021 to August 2022, Kaspersky prevented 7.2 billion malicious object attacks, including malware and malicious web content, worldwide. APAC is the most vulnerable region, with 35% of detected malware targeting users in this Read More..

B2B Tech News | 3 years ago          

Giza Systems implements intelligent transportation systems in the new administrative capital.

Giza Systems has been selected as the best technical/financial proposal for a tender for urban development in the administrative capital. The Intellig

Giza Systems has been selected as the best technical/financial proposal for a tender for urban development in the administrative capital. The Intelligent Transportation System ITS project aims to solve recurring problems and issues facing urban cities. The solution uses data generated by adaptive transportation technologies and big data to power dynamic transportation systems that respond to incidents and make predictions for safer and more efficient traffic management. Giza Systems has a unique experience, knowhow, and qualified technical base to implement critical infrastructure projects for the new administrative capital. Extensive experience and credentials in Egypt and the region have positioned the company as a digital transformation agent capable of managing smart city megaprojects. Ahmed ElShafaei, Sales Director, Government & Military Sector at Giza Systems, said We are truly honored to contribute to Egypts vision for this smart and sustainable future Read More..

B2B Tech News | 3 years ago          

Iberdrola to Commission 1,400 MW of New Solar Power

Iberdrola, a Spanish utility, has announced plans to increase solar power in Spain by 1,400 MW. Twelve photovoltaic projects being carried out by the

Iberdrola, a Spanish utility, has announced plans to increase solar power in Spain by 1,400 MW. Twelve photovoltaic projects being carried out by the company have a total installed capacity of 550 MW. Extremadura is home to half of these plants, including the 80 MW Almaraz I and II plants that will be connected to the grid this year. Up until June, Iberdrola increased its solar production in Spain by 125%. The company has 3,448 MW of installed capacity for this technology worldwide. This comprises both the biggest green hydrogen plant for industrial use in Europe and the biggest photovoltaic plant in Europe. Read More..

B2B Tech News | 3 years ago          

Farmers who want to adopt ag technology face hurdles due to the global shortage of semiconductor chips

Semiconductor chips are the backbone of electronic devices but supply has been constrained since the outbreak of COVID19. Many farmers need laborsavin

Semiconductor chips are the backbone of electronic devices but supply has been constrained since the outbreak of COVID19. Many farmers need laborsaving technologies to address labor shortages and increase productivity. Ag tech entrepreneur Tom Mills has had to redesign his products due to chip shortage. Tasmanian farmer Charlie MacKinnon spent hours every day checking his irrigation pumps and pivots. Some university students are creating their chips for use in robotics and other electrical components. While demand soared, supply was hit by a severe drought in Taiwan, which crippled The worlds largest underwater chip maker TSMC. The deficit could shrink as the chaos of COVID19 dissipates and the US offers more than $50 billion in stimulus packages to boost manufacturing. Read More..

B2B Tech News | 3 years ago          

AvePoint opens a new $100 million SGD international research and development hub in Singapore.

AvePoint, the most advanced SaaS and data management platform provider, today announced its newly established $100 million SGD international R&D Hub i

AvePoint, the most advanced SaaS and data management platform provider, today announced its newly established $100 million SGD international R&D Hub in Singapore. AvePoints new investment supported by Digital Industry Singapore will also advance its IT and digital infrastructure as well as global trade connectivity. Minister for Trade and Industry Singapore, Mr. Gan Kim Yong, joined AvePoint to usher in a new commitment to innovation in APAC. AvePoint is expanding its presence in Singapore with the launch of a new R&D Hub. AvePoints new location will strengthen global cloud resilience for customers and ensure regional businesses are supported at the local level. As many organizations in APAC digitize and require SaaS solutions, AvePoint sees a critical need to expand its presence. Read More..

B2B Tech News | 3 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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