5 things you need to know in SA business today and the 7 coolest things about Samsung's crazy-ambitious folding smartphone
1. Yesterday, president Cyril Ramaphosa announced a new special tribunal to fast-track the recovery of money lost to the state from corruption. He said there was a need to speed up matters that had been referred for civil litigation.
This is a big dealPresident Ramaphosa has established a Special Tribunal to fast-track finalization of SIU civil claims linked to irregular or corrupt state contracts. I.e. recover looted funds from state, private institutions8 judges will be part of the Tribunal— Karyn Maughan (@karynmaughan) February 24, 2019
2. Bumper week ahead for economic data, including the trade balance, private sector credit extention, producer price inflation and new vehicle sales. Also, a long string of company results expected: Mondi, Anheuser-Busch InBev, British American Tobacco, Shoprite, Sasol, Impala Platinum, Super Group, Santam and Grindrod.
3. Tongaat Hulett suffered a 20% slump in its share price on Friday after a warning that its earnings will implode due to a large debt burden and high interest costs.
4. Cell C CEO Jose Dos Santos will leave the company in March. In 2016, Dos Santos came under fire for claiming that his female colleagues had a "bitch switch". Blue Label Telecoms, which owns a 45% stake in Cell C, warned last week that it will suffer a half-year loss as the cellphone company continues to struggle.
5. Eskom board chairperson Jabu Mabuza will continue his testimony at the state capture inquiry this morning. On Friday, Mabuza said that when he took office last year, he found that it was the "main theatre where corruption and state capture was taking place".
The 7 coolest things about Samsung's crazy-ambitious folding smartphone
Reported by Ben Gilbert
Samsung's "next big thing" in 2019 is a truly ambitious new take on the smartphone: A device that unfolds from a small smartphone into a bigger tablet.
Having finally seen the Galaxy Fold in action during a Samsung presentation on Wednesday, we've broken down the 7 coolest things about it right here:
1. Let's start with the showstopper: Yes, the Galaxy Fold transforms from a smartphone into a tablet.
2. The transition from smartphone to tablet is seamless, more or less.
Having opened Google Maps on the smartphone side of the Galaxy Fold, the same app - running in a larger form factor to match the tablet - opens seamlessly when the phone is unfolded.
Samsung calls this "app continuity," and the concept is really simple: Anything you start doing on the smartphone side of the phone needs to continue seamlessly when you open it into tablet mode (and vice versa).
In so many words, both the smartphone screen and the tablet screen need to reflect the same computing system. And with the Galaxy Fold, they do.
3. The fingerprint sensor is hidden in a brilliant place.
Just below the volume buttons, on the right side of the Galaxy Fold, Samsung placed the fingerprint sensor. It's a smart solution to unlocking the device regardless of whether it's folded closed or open in tablet form.
4. It has a pretty serious battery — two, actually!
Powering a smartphone screen and a tablet screen is no small task. As such, Samsung is outright putting two batteries into the Galaxy Fold. The idea is that, with their powers combined, it's the equivalent of having one very large battery.
How long do they last? That remains to be seen - and Samsung isn't offering any predictions just yet - but we'd expect somewhere in the ballpark of one day based on current smartphone standards.
5. Some pretty serious multi-tasking.
Because the Galaxy Fold is both smartphone and tablet, it's gotta live up to the demands of tablet power-users. As such, it's capable of simultaneously running three apps at once.
Though it's unlikely you'll be running three apps simultaneously all the time, the functionality is a smart nod to the tablet side of the Fold.
6. So, so many cameras: Six!
There you were, thinking that a smartphone with four cameras was outrageous. Samsung's response? Here's a phone that folds open and has six cameras.
The idea behind all the cameras is that, no matter how you're using the device at any given moment, you'll still be able to snap a photo. Still, the idea of having six cameras on your person at any given moment - in one device, no less! - is pretty hilarious.
7. It just looks crazy. Look at this thing!
It's pretty safe to say there aren't any other smartphones that look like the Samsung Galaxy Fold.
It's super thin, and the front screen - just 12cm - only takes up a portion of front of the device. But then it literally unfolds into a 18.5cm tablet. What a crazy piece of technology!
Whether or not it's a good design or something more than a unique gimmick remains to be seen, but it's certainly unique.
Take a closer look at the Galaxy Fold right here: