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“Shake-Up at Sedna: African Mining IT Solutions Firm Spins Off to Focus on Global Expansion”

In a shocking move, Johannesburg-based Sedna Industrial IT Solutions, a dominant player in the African mining IT sector, has announced a major shake-up in its ownership structure and a renewed focus on global expansion.

According to sources, Anton Fester, managing director, and Koos Fourie, technical director, have quietly acquired 100% of Sedna’s African business, effectively severing ties with the company’s original founders and owners, Peter Dormehl and Darryl Mitchell, who will continue to run the US operations.

The move is seen as a strategic shift to enable Sedna Africa to “laser-focus” on delivering production-focused enabling technologies to the heavy-duty industries, including mining, manufacturing, oil and gas, and ports, according to Fester.

The rebranded Sedna Africa will launch a new website (sedna.africa) to showcase its expanded capabilities and offerings, which will include emerging technologies such as digital twins, edge computing, and drones.

Meanwhile, Sedna Inc in the US will continue to focus on in-pit and underground private 5G networking, as well as the implementation of autonomous mining, according to Dormehl.

The deal marks a significant milestone in Sedna’s evolution, with the company now positioned to capitalize on the growing demand for industrial technology solutions in Africa and beyond.

“South Africa mustn’t be left behind in the fast-paced world of industrial technology,” Fester said in an interview. “With this deal, we can better align to regional requirements and ensure we have dedicated resources to deliver tailor-made solutions that match the needs on the ground as we expand.”

The company’s new ownership structure is expected to bring fresh perspectives and investment to the table, with Sedna Africa now boasting a 51% black-owned, Level 1 BBBEE status, contributing to the growth and diversity of the South African economy.

In a statement, Mitchell congratulated Fester and Fourie on their new roles, saying, “I would like to congratulate Anton and Koos, who have essentially been operating as owners for five years now. Their business and ours are well geared to build on the successes we have achieved and grasp the exciting opportunities ahead.”

The implications of this deal are far-reaching, with the company poised to disrupt the status quo in the African mining IT sector and set its sights on global expansion. Stay tuned for further updates on this developing story.

BREAKING: Pick n Pay Gets Ditched for a Rival Store by Discovery Vitality in a Massive Betrayal!

Get ready for the unthinkable – Discovery Vitality is jilting Pick n Pay, its decade-long health benefits partner, and hopping into bed with Checkers, the snazzy, up-and-coming rival. But don’t just take our word for it, look at the image https://techcentral.co.za/discovery-vitality-pick-n-pay-checkers/248982/ and judge for yourself if this is the bold move or a drastic step backward for Discovery.

A shock announcement sent to members today revealed that Checkers, and by extension its popular on-demand delivery service Checkers Sixty60, will now join Woolworths as part of the Vitality HealthyFood benefit – at the expense of the once-darling Pick n Pay!

So, what’s behind this scorching betrayal? Are Discovery and Pick n Pay now archenemies?

To recap: Discovery announced last year that it was parting ways with Pick n Pay citing "changing shopping habits". Some would call it a ‘flexible approach’, but did Pick n Pay fail to ‘keep up’ with the evolving tides?

It would seem Checkers, who’s ‘Sixty60’ service boasts a staggering 58% growth rate, was ripe for the taking. But does Checkers really have the capacity to scale to Discovery’s member bases?

Will this shift propel Checkers to new heights? Meanwhile, what about Pick n Pay? What’s next for a store still reeling from significant losses?

There’s more where that came from… Stay tuned for updates in this saga and a deeper dive into why Discovery chose Checkers over a decade-old partner! [Tweet this story]

The E-Hailing Industry’s Dirty Little Secret Exposed

Shesha, the newest e-hailing app in town, is making waves with over 4,000 customers and 5,000 drivers listed on its platform. But the journey to success hasn’t been smooth sailing. The company’s spokesperson, Nomsa Mdhluli, reveals the dark underbelly of the e-hailing industry and the need for regulatory intervention to bring about some much-needed change.

The Culture of Crime and Corruption

The e-hailing industry has been plagued by incidents of crime, violent attacks, and drivers accused of harassment, alleged rape of female passengers, and theft of passengers’ money and mobile phones. Mdhluli attributes these incidents to the lack of stringent vetting processes, which allows criminals to slip through the cracks.

Shesha’s Stricter Vetting Process

In contrast, Shesha has introduced a biometric system to ensure riders and drivers are who they claim to be. The company’s database is interfaced with the home affairs department database, allowing for accurate verification of each applicant’s identity.

The War for Commuters

The e-hailing industry is also beset by infighting between different operators. Shesha drivers have been accused of intimidation and extortion of Bolt and Uber drivers, leading to a crisis of confidence in the industry.

Calls for Regulatory Intervention

Regulatory intervention is seen as a potential solution to the industry’s woes. The amended National Land Transport Act 5 of 2009, signed into law by President Cyril Ramaphosa in June, introduces stricter safety measures, including standardised vetting procedures.

Expansion Plans

Despite the challenges, Shesha is planning to introduce an iOS app and expand its operations beyond Gauteng. The company is engaging with transport stakeholders in other provinces and hopes to make a decision on expansion soon.

The Dark Side of the E-Hailing Industry

The e-hailing industry’s dirty little secret is out – it’s a Wild West where criminals and corrupt operators thrive. With the introduction of stricter regulations and innovative solutions like Shesha’s, the industry may finally be heading in the right direction. But can the damage be undone, and a culture of trust and safety be re-established? Only time will tell.

Intel’s Catastrophic Collapse: 15% of Workforce Axed, Dividend Suspended

In a desperate bid to salvage its flailing fortunes, Intel is cutting a staggering 15% of its workforce, a devastating blow to the chip maker’s already reeling employees. The brutal purge, which will axe a whopping 17,500 jobs, is part of a larger plan to slash costs and refocus on its money-losing manufacturing business.

But that’s not all – Intel is also suspending its dividend payments, a move that will further punish investors who have seen the company’s stock plummet. The shares slumped a whopping 20% in extended trading, wiping out a staggering $24 billion in market value.

The writing is on the wall: Intel’s attempts to pivot towards AI chips have fallen flat, with the company struggling to keep pace with its rivals. The results are a far cry from the optimistic predictions made by CEO Pat Gelsinger, who claimed that the company would be a major player in the AI market.

Gelsinger’s Failed Vision

Gelsinger’s grand plan to turn around the foundry business has been met with skepticism, with analysts questioning whether it’s too little, too late. The company’s cash reserves are dwindling, and its debt is mounting.

But Gelsinger remains defiant, insisting that the company needs to "deleverage" and focus on its balance sheet. The irony, of course, is that Intel’s first AI PC-focused processors are selling better than expected – but at a significant cost, which is eating into the company’s profits.

The Writing is on the Wall

Intel’s data centre business is in freefall, declining 3% in the latest quarter. The company’s PC chip business grew 9% in the same period, but it’s not enough to offset the losses.

Analysts are bearish on Intel’s prospects, with some predicting that it will take years for the company to turn things around. TSMC, Intel’s main rival, is expected to maintain its lead in the market for AI chips.

The End of an Era?

Intel’s collapse is a stark reminder of the dangers of complacency and the importance of staying ahead of the curve in the rapidly evolving tech industry. The company’s failure to adapt to changing market conditions has left it vulnerable to the whims of its competitors.

As Intel’s stock continues to plummet, one thing is clear: the company’s days as a dominant force in the tech industry are numbered.

CYBER ATTACK EXPOSES SABLE INTERNATIONAL’S DARK SIDE

BRAZEN BREACH SHUTS DOWN OPERATION, PUTS CLIENT DATA AT RISK

In a stunning display of corporate incompetence, Sable International has been hit with a "sophisticated" cyber attack, causing the firm to shut down its server, website, and transactional portal. The brazen breach has put the personal data of clients at risk, and the firm’s top executives are frantically scrambling to contain the damage.

The attack has sparked a wave of concern among clients, who are left wondering what kind of lax security measures were in place at the company. The incident highlights the disturbing lack of accountability within the financial and immigration services industry, where profit often takes precedence over cybersecurity.

Sable International’s CEO, Reg Bamford, has issued a statement apologizing for the breach, but it’s too little, too late. The firm’s reputation is in tatters, and its clients are justifiably furious.

DID SABLE INTERNATIONAL JUSTIFY ITS RISE TO PROMINENCE?

The cost of a data breach is rising steeply, and South African organisations are taking a heavy hit. Sable International’s breach is the latest in a string of high-profile incidents, and it’s a stark reminder of the importance of investing in robust cybersecurity measures.

WHAT HAPPENS NEXT?

As Sable International grapples with the fallout from this disastrous breach, questions are being raised about the firm’s accountability. Will executives be held accountable for this catastrophic failure? What measures will the firm take to prevent such breaches in the future?

CLIENTS LEFT TO WONDER…

Were Sable International’s security measures up to scratch? Was the firm reckless in its approach to cybersecurity? These questions linger as clients of the firm anxiously await an explanation and a plan for restitution.

Stay tuned for further updates as this story continues to unfold.

Justice Looms Large: Nvidia in Crosshairs of US Antitrust Probe

A US antitrust investigation is now targeting tech behemoth Nvidia, after rival companies cried foul over its alleged abuse of market dominance in the lucrative artificial intelligence chip market. The probe is focused on whether Nvidia has used its massive influence to strongarm cloud providers into buying more of its products, and whether it charges extortionate prices for networking gear if customers want to use rival AI chips.

With a whopping 80% market share, Nvidia’s grip on the AI chip market is tighter than ever, leaving competitors like AMD and Intel seething with resentment. But will the US Department of Justice be able to bring the company to heel, or will it continue to wield its power unchecked?

An Nvidia spokesperson dismissed the allegations, claiming that the company competes based on innovation and investment, and that its products are available to all customers. But competitors are crying foul, alleging that Nvidia’s bundling of software and hardware amounts to anti-competitive behavior.

French antitrust enforcers are also sniffing around, and it seems likely that Nvidia will face more heat in the coming months. So, what’s next for this tech titan? Will it emerge unscathed, or will the law finally catch up with it?

Stay tuned for further updates!

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