Browse every article
3,553 articles · 1 filter applied · Reset filters
Future of digital currency in SA – will cash finally meet its match?
With cold hard cash still accounting for the majority of the total value of transactions, South Africa remains a predominantly cash-based economy. However, the proportion of cash versus digital currency is shrinking – slowly, but nonetheless surely. And, with more territories around the world edging closer to the establishment of Central Bank Digital Currencies (CBDCs),
Axis celebrates 40 years with sustainability woven into future success
Axis Communications, a leader in network video, is proudly celebrating four decades of innovation and excellence in the video surveillance industry as it affirms a rigid commitment to the environment and meeting its ambitious sustainability targets. As it marks its 40th milestone, it has announced the publication of the Axis Sustainability Report 2023 and confirmed
Apple Withholds New Technologies from European Union Amid Regulatory Concerns
Apple Inc. has announced that it will withhold a range of new technologies from consumers in the European Union, citing concerns over the bloc’s regulatory measures aimed at controlling Big Tech. The company stated on Friday that Apple Intelligence, iPhone Mirroring, and SharePlay Screen Sharing would not be available to EU users this year. The
Telkom Reduces Workforce by 51,360 Jobs Over 25 Years Amid Restructuring
Telkom, South Africa's largest telecommunications employer since 1994, has significantly reduced its workforce over the past 25 years, cutting 51,360 jobs. According to Telkom’s annual results for the year ending March 31, 2024, the company now has 9,877 employees, a 15% decrease from the previous year's 11,624. The recent job cuts are part of a
South Africans Embrace a Global Mindset to Secure their Family’s Future
Exploring the socioeconomic dynamics that are changing how South Africans are organising their wealth, employment and families. Research corroborated via multiple domestic and international authoritative sources – including SARS, the SARB, DTIC, IEASA, SAICA, the OECD, World Bank, New World Emigration, Henley & Partners, and HSBC – reveals how wealthier South Africans are globalising their
Hewlett Packard Enterprise and NVIDIA Unveil ‘NVIDIA AI Computing by HPE’
Hewlett Packard Enterprise (NYSE: HPE) and NVIDIA today announced NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI. Among the portfolio’s key offerings is HPE Private Cloud AI, a first-of-its-kind solution that provides the deepest integration to date of NVIDIA
From your living room to billions: How to build your app empire at home
We see them all the time, success stories about someone who started an app in their living room and is now selling it for billions. Apps were the future in 2010, now they are the building blocks of our digital lives. With a youth unemployment rate of 44.3%,according to Stats SA, app building can offer a valuable escape hatch
Open Banking: Why Businesses are Leading the Charge
Open banking and open finance are buzzwords in the financial sector that have been sparking curiosity. They are frameworks that allow authorised third-party providers (companies or services that offer financial products/services to consumers) to access financial data from banks and other institutions via secure application programming interfaces (APIs). In simpler terms, it's like having a universal remote
Enhancing corporate training
With technological advancements rapidly changing the face of work and employees having to acquire essential new skills, the need for corporate training has never been greater. The results of a 2023 survey by global professional services network Deloitte found that 56% of South African respondents said between half and their entire workforce complement would be
OpenAI Co-founder Ilya Sutskever Launches New AI Company Focused on Safety
Ilya Sutskever, co-founder and former chief scientist of OpenAI, has announced the launch of a new artificial intelligence company named Safe Superintelligence. The company aims to create a safe AI environment amid the generative AI boom, where major tech companies are competing for dominance. Based in Palo Alto and Tel Aviv, Safe Superintelligence emphasizes its
Zadna Announces Inflation-Linked Price Increases for Domain Registrations
The South African Domain Name Authority (Zadna) has announced a 5.23% increase in the wholesale cost of domain name registrations, raising the price from R55 to R61 per domain. This new pricing will take effect on 1 October and will be valid for one year. Zadna CEO Molehe Wesi explained the rationale behind the price
South Africa Begins Phasing Out Legacy Cellular Networks, Plans Complete Shutdown by 2027
South Africa has initiated the process of decommissioning its legacy cellular networks, starting with the prohibition of new 2G and 3G device sales this year. This move aims to free up valuable network resources, though concerns linger about the potential impact on essential systems. Legacy networks support various old sensors and machine-to-machine (M2M) and Internet
Carbon Shuts Down Debit Card Operations Two Years After Launch
Nigerian digital lender Carbon has unexpectedly ceased its debit card operations just two years after their introduction. In a revealing Substack post titled "The Scoop on Debit Cards," Carbon’s co-founder and CEO, Ngozi Dozie, shared the reasoning behind this decision and offered valuable lessons for other fintech startups. While Dozie did not explicitly list the
Vodacom CEO Receives R61.7 Million Pay Package for 2023/24 Financial Year
Vodacom's integrated report for the year ending 31 March 2024 reveals that CEO Shameel Joosub earned a total compensation of R61.7 million during the 2023/24 financial year. Out of this amount, R28 million was paid to the South African Revenue Service as tax. Joosub's remuneration included a salary of R17.4 million, which represented only about
Stage Zero expands to Bloemfontein and eThekwini
Stage Zero, an independent power provider, is pleased to announce its expansion into Bloemfontein and eThekwini. This move will help ease the pressure on more South African pockets following Eskom’s recent electricity tariff increase in April this year and council’s expected electricity tariff increase come 1 July. Helping South Africans come out of the cold:
MANZI Water Celebrates Milestone with the Opening of its 105th Outlet in South Africa
MANZI Water, a rapidly growing player in the prepared water industry, proudly announces the opening of its 105th outlet in South Africa, marking a significant milestone in its journey to provide South Africans with safe, clean drinking water. Founded in 2023 by experienced entrepreneurs in the prepared water industry, MANZI Water has swiftly expanded, earning widespread customer
Trend transforms local AI cybersecurity market, blocks more than 225 million threats in SA
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity, revealed that it blocked more than 161 billion threats globally in 2023, marking a significant 10% rise in threat detections when compared with the previous year’s figures. The company issued a warning to local businesses, highlighting that growing adoption of AI tools and
BCX Africa Local Public Cloud Launches in Mozambique
BCX proudly announces the launch of its cutting-edge Africa Local Public (ALP) Cloud Services at MozTech in Mozambique. This milestone marks a significant step in BCX’s mission to deliver innovative technology solutions, by a local company, to businesses across the continent. The ALP Cloud offering, powered by Alibaba Cloud’s technology, introduces top-tier cloud computing services customised for
Sentech Launches Freevision Play: A Free Streaming Platform to Rival SABC+ and Openview
State-owned broadcaster Sentech has unveiled Freevision Play, a new free streaming television platform designed to compete with SABC+ and eMedia’s Openview. Freevision Play, described by Sentech as a "ground-breaking over-the-top video streaming platform," offers free access to a diverse selection of local and community TV and radio channels. “Freevision Play is accessible to anyone with
Investors Cautiously Optimistic About South Africa's New Unity Government
Investors are hopeful that South Africa's newly formed unity government can implement stable economic policies to revive growth, but they remain cautious about how the coalition's primary partners will reconcile their significant ideological differences. Following last month's national elections, the African National Congress (ANC), which has governed since the end of apartheid in 1994, entered