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First city in the world to have flying taxis; the future is here

Dubai will be the first city in the world to have flying taxis. The drone which will used to operate and making history is named the Ehang 184. 

The Ehang 184 has been tested and seen as safe, smart and is a eco-friendly low altitude autonomous aerial vehicle, aiming on providing short to medium distance communication and transportation solution.

The Drone can fly at a speed of 100mph and can fly 31 miles on a single charge. It has a very simple control panel, it is touchscreen and the passenger just needs to add in their destinationa dn you will be on your way.

The Drone does not require any human intervention and flies itself is battery powered which can fly up to 30mins. The 184 was 100% designed to be with green technology. 

In 2016, The Ehang was cleared for tesing in Nevada and has been tested in Dubai. However, The US Federal Aviation Authority has not yet approved wider use of the drone.  

The drone has safety feature embedded known as the Ehang fail safe system. If any components malfunction or disconnect, the aircraft will immediately land in the nearest possible area to ensure safety.

 

 


 

Source

BusinessReport

A resolute commitment to SHEQ keeps fuels and chemical deliveries in the safe lane

  • Renewed and expanded contracts in the fuel and chemicals sector.

Despite an extremely challenging economic climate, many South African companies are taking a longer-term outlook to business by only partnering reputable providers of specialist supply chain and transport logistics services.

Discovery bank to operate next year

Health and life insurance group Discovery expected its bank offering to start operating before the end of next year, it said yesterday as it released its results for the year to the end of June.

Discovery received authorisation from the Registrar of Banks to establish a banking presence in South Africa last October.

“Significant progress has been made in developing the system infrastructure, operating processes, regulatory engagement and the customer value proposition, with a number of key milestones having already been reached. Discovery anticipates launching its proposed banking offering during 2018,” the group said.

Discovery has a number of businesses that management believes are poised for growth, despite encountering challenges such as Brexit in VitalityLife and low economic growth in South Africa.

Discovery said a sophisticated capital management structure supported the organic growth methodology to ensure Discovery’s financial strength, sufficient financial flexibility through cash generation and production of above target returns.

In its results, the group reported a 10% increase in normalised profit from operations to R7.05 billion. Core new business annualised premium income increased 16% to R16.99bn. In constant currency terms, core new business annualised premium income grew 22% to R17.87bn and normalised profit from operations grew 12% to R7.19bn. Gross inflows under management were up 10% to R115.06bn.

Discovery now operates in 16 countries, serving close to 10million clients.

In South Africa, the group said both Discovery Health and Discovery Health Medical Scheme (DHMS) delivered excellent results.

Discovery Health’s normalised operating profit increased 11% to R2.51bn, while new business annualised premium income increased 18% to R6.11bn (excluding take-on of new closed schemes) and lives under management reached 3.39 million.

DHMS announced a highly competitive contribution increase of 7.9% and ended the 2016 calendar year with a total surplus in excess of R1.3bn.

New business in Discovery Life saw its annualised premium income increasing 17% to R2.18bn and earnings increased 10% to R3.59bn, despite the impact of higher than expected claims.

Discovery Invest reported a 12% increase in operating profit to R744 million and assets under administration grew 14% to R69.5bn with 76% of linked funds in Discovery Funds.

The group said Discovery Insure’s performance exceeded its expectation. The business achieved a cumulative profit in the second half of the financial year and reduced its combined ratio by 8.4%.

The board declared a final gross cash dividend of 520.68c a share, up from 416.55c as compared to last year.

Discovery shares rose 2.82% on the JSE yesterday to close at R146.

 


 

Source

BusinessReport

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