Experian, the global data and technology company held its Innovation summit, themed Unleash Your Potential and sought to address the critical demands of digital transformation, cost optimisation and Cloud adoption in the financial services industry. In a session earlier today, the ever increasing adoption of Ai technology was addressed via a panel discussion that included Ai leaders in the sector. Ferdie Pieterse, a digital financial innovation leader, and CEO of Experian Africa explained that “Ai will play a crucial role in lending over the coming years. Both traditional Ai and Machine Learning and GenAi are changing the credit risk assessment…
Author: Greg Stewart
Johannesburg 3 October 2024: Financial analyst George Glynos, of ETM analytics believes that the South African economy is in it’s healthiest position it has been in for quite some time. Speaking as the key-note speaker at the Experian Innovation Summit in Johannesburg this morning, he outlined the scope of data that he and ETM believes is providing definite green-shoots in the economy that point towards a clear turning point in the depressed economy. From a global perspective, there is a situation where the US markets are completely over-priced after the $7 trillion monetary quantitative easing injected by the FED into…
Business & Tech News Zambian Power Outage Crisis: Zambia sources up to 84% of its electricity from water reservoirs such as lakes, dams and rivers, while only 13% is generated via coal power plants. Due to severe drought this season however, several of the main power sources that are water generated such as the Kariba dam Hydroelectric unit are not producing enough power for the national grid and causing one of the worst electricity blackouts in living memory. The crisis is so severe that cities and towns across the country are sometimes without electricity for three consecutive days, with people…
Public-private sector cooperation is critical to revitalizing SA’s failing transport infrastructure As the spotlight falls on Transport Month annually in October, Business Tech Africa gets some insight from Vuyo Ntoi, MD of African Infrastructure Investment Managers, who argues that every day without decisive intervention regarding fixing infrastructure, deepens job losses, stifles businesses, and weakens SA’s global competitiveness. South Africa’s ageing transport infrastructure is at a breaking point, threatening to drag the economy further into decline and exacerbating the socio-economic challenges facing millions of its citizens. From collapsing rail networks to deteriorating roads, the country’s transportation system is becoming a major…
Johannesburg, 2 September 2024: The focus of the Jo’burg Indaba 2024 is Investing in Resources and Mining in Africa, with major players in the supply to and support of the industry in attendance. As of 2023, the mining industry contributed around 202.1 billion South African rand to the country’s GDP and employed a total of 477,000 people. However major mining houses have started to close mining operations and focus investment outside of the country and the industry has seen thousands of jobs shed with the latest quarterly figures released in September, indicating a further 7000 jobs lost in the sector. There…
Ugandan Mining Landscape about to Change: Uganda has a newly formed a state-owned mining company that will be able to claim a free, 15% stake in all mining operations in Uganda. The mining entity will then manage the government’s equity interests in mining operations, according to Ruth Nankabirwa, the minister for energy and mineral development. All mining operations were previously held and operated by private mining companies with the requirement to first obtain exploration and mining licenses. Under a new mining law, that was passed by the Ugandan parliament in 2022, the government can compulsorily take a 15% free carry…
Plentify, an innovative home energy management company, has announced a strategic partnership with Herholdts, one of the country’s largest distributors of solar and electrical solutions, to launch SolarBot – a first-of-its-kind intelligent controller for home solar and battery systems. Plentify is a new-gen Solar Tech and smart energy solution company that makes affordable, reliable and clean electricity a reality for everyone. They use a fusion of advanced hardware, artificial intelligence and user-centric design to create smart home products that delivers better efficiencies and strengthen electricity systems. One of the key success factors for the company has been their top tier team…
In a collaboration effort between Vox Telecom and MTN South-Africa, local South African SME’s will have a powerful new wireless technology deliver fast, cost-effective and reliable connectivity even to rural areas. Tarana Wireless, a US based technology infrastructure solutions provider, has developed a system that combins multiple antennas and radios, innovative algorithms, to deliver the industry’s first truly viable commercial 5G wireless technology. The company’s products have been proven in numerous Tier 1 mobile and fixed operator deployments. They provide advanced wireless performance and autonomous adaptation that significantly improves deployment cost and flexibility for fixed and mobile access, as well…
Business & Tech News Oil Island Dispute: A tiny Island of 30 hectares and barely 1km in length has become the centre of an International Court of Justice(ICJ) court case. Mbanié, an Island off the coast of Gabon is situated in oil rich waters and has become the quest for both Equatorial Gunea and Gabons oil production expansion plans. The dispute around the territory goes back decades to 1972, when the Gabonese army took control of the Island and driving Equatorial Guinea soldiers from Mbanié. Gabon has since set up its own military presence on the virtually uninhabited island. In…
Leadership Lessons from Rugby Champions The 2024 Rugby Championship came to an end this past Saturday with the South African Springboks (Bokke) victorious in a complete routing of the Argentinian Los Pumas at Mbombela stadium in Nelspruit South Africa. While there are often comparisons made with regards leadership qualities in sport that relate to business leadership, there are additionally great lessons to be acknowledged in strategy and creating a winning mind-set or philosophy. An analysis of the statistics for the rugby championship teams is quite an eye opener as it defies many of the set beliefs about this remarkable winning…
