Flying car to possibly roll out next year

A Chinese startup has developed a flying car that it plans to roll out as soon as next year.

EHang Inc’s E-184 drone can carry one passenger in its small cockpit, but the firm says it’s working on a model that can carry two. EHang’s chief executive officer Hu Huazhi says they’ll be in operation as “taxi drones” in Dubai in 2018 — as long as they get approval from regulators there.

Four battery-powered propellers lift the drone off the ground, and it’s equipped with fully-automated navigation, according to CEO Hu. Passengers select a pre-programmed flight path and then strap in for the ride. The E-184 has a cruising speed of up to 100 kilometers (62 miles) an hour and can stay in the air for 25 minutes, the company says.

It’s currently being tested at EHang’s headquarters: a disused theme-park on the outskirts of Guangzhou, southern China, a city that’s at the vanguard of the country’s push to move away from cheap, low-end manufacturing and toward cutting-edge technology.

“We will start mass production of our passenger drones at the beginning of next year,” Hu told Bloomberg TV. “We also plan to install fully automated production lines to enlarge manufacturing capacity in 2018.”

EHang has big ambitions — it wants to develop a network of taxi drones around the world. The company plans to sign deals in Saudi Arabia, Singapore and “several European cites” next year, the CEO said.







SA tech companies that would have more than doubled your money over the last 5 years

The Sunday Times newspaper has published its list of the Top 100 Companies in South Africa, showing which JSE-listed tech companies have delivered the highest share value over a five year period.

The list is compiled by looking at all the companies listed on the JSE, and ranking them by the total money one would have earned if they had invested R10,000 in their shares in 2012.

Companies that do not meet the minimum threshold of R20 million in value traded in a year are excluded.

In previous years, ICT firm EOH emerged as the leading tech company in the country by this metric; however, for the first time another group – Adapt IT – has shot past EOH, delivering a compound annual growth rate of over 51%, taking a R10,000 investment in 2012 to R78,654 in 2017.

EOH has slipped to 17th on the list, delivering a CAGR of just under 27%, to transform R10,000 into R32,902.

Internet and media giant, Naspers, is the second-highest ranked South African tech company, with its N shares rocketing from R489 per share in 2012, to over R2,940 in 2017. The companies stake in Hong Kong internet group, Tencent, drove the growth, which delivered a CAGR of 43.6%, taking a R10,000 investment in 2012 to R69,879 in 2017.

Only three other tech and telecoms companies were ranked within the top 25 – with Naspers followed by Telkom (14th), EOH (17th) and Blue Label Telecoms (23rd).

Vodacom was ranked 51st, followed by Remgro (which has a stake in Dark Fibre Africa and Seacom) at 89th, and Net1 UEPS at 98th.

The table below is the full list of tech and telecom companies that made an appearance in the top 100 ranking.

With the exception of Remgro and Net1, all the tech companies featured would have more than doubled the initial R10,000 investment over the 5 years.






Propak Cape showcases new technology and latest products

  • Published in Videos

Propak Cape has already attracted hundreds of visitors who want to learn about the latest developments and technology in packaging and related industries. Cabletech Marketing has sold a Haitian flagship 90-tonne injection mounding machine at the show, and Adex Plastics and Machinery has also sold a machine from their stand. Many other exhibitor sales are expected during the week.

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