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Enviro Automotive Introduces Affordable Electric SUV to South African Market
Enviro Automotive is gearing up to unveil the most budget-friendly electric vehicle (EV) yet in the South African market. Originating from China, the Dayun Yuehu will undergo a rebranding as the Dayun S5 Mini SUV upon its anticipated launch in South Africa by the end of 2024. This compact SUV, designed to accommodate four passengers,
Senegalese B2B E-Commerce Startup Maad Secures $3.2 Million in Seed Funding
Maad, a pioneering B2B e-commerce startup from Senegal, has successfully raised $3.2 million in seed funding, combining both debt and equity. This capital injection will fuel Maad’s growth within Senegal and support its expansion into other West African markets. The African B2B e-commerce sector is undergoing significant transformation, driven by increasing internet access and a
Flutterwave Faces Major Breach, Loses Up to ₦11 Billion
The prominent Nigerian fintech company, Flutterwave, experienced a significant security breach in April 2024, reportedly resulting in a loss of up to ₦11 billion ($27 million). This incident follows closely on the heels of the company’s successful court order to reclaim $24 million lost in unauthorized Point-of-Sale transactions, raising concerns about the robustness of its
Telkom Foundation Inaugurates State-of-the-Art Cyber Lab at Refilwe Secondary School
The Telkom Foundation, in partnership with the Deputy Minister of Communications and Digital Technologies, Honourable Philly Mapulane, proudly announced the inauguration of a state-of-the-art Cyber Lab at Refilwe Secondary School in Metsanangwana, Sekhukhune Area, Limpopo Province. This significant event coincides with World Telecommunication & Information Society Day (WTISD) on May 17, 2024. Celebrated since 1969
LaunchBase PropTech Revolutionizes Off-Plan Property Marketing in SA
LaunchBase, an innovative marketing and property technology (prop-tech) startup, has developed state-of-the-art software that allows off-plan property developments to be showcased online for public review. Founded by Brad Morgan and Dean Lederle, LaunchBase aims to provide property developers with the necessary tools to achieve rapid pre-sale success. The platform leverages the combined expertise of its
Impala Platinum Announces R9 Billion Deal Enhancing Black Ownership
Impala Platinum, known as Implats, has announced a significant R9 billion deal to increase Black ownership in the South African mining industry. This agreement will result in Black investors holding a 13% stake in both Implats and the Royal Bafokeng Platinum (RBPlat) business it acquired last year. Implats, a Johannesburg-based company, secured control of RBPlat
NIQ South Africa releases FMCG and Tech Durables sales data for Q1 2024
NIQ South Africa has released its latest State of the Retail Nation analysis for Quarter 1, 2024, revealing that South African consumers spent R112 billion in the quarter. This represents a year-over-year increase of R7.7 billion (7.3%), with ambient foods (including rice, sugar and UHT milk), soft drinks, beer and frozen meat among the most significant contributors
Changing Landscape of Pension Funds in South Africa
In South Africa, pension funds, once integral to most employment agreements, are now less common. A recent survey of over 5,000 employees revealed that only 36% had access to a retirement fund, and alarmingly, only 7% of retirees felt adequately prepared for retirement. Despite this decline, the importance of pension funds for financial security cannot
DCC TECHNOLOGIES MEETS ALL GAMING CHALLENGES WITH NEW LENOVO LEGION LAPTOPS
Lenovo’s range of Legion gear has firmly established itself as one of the top choices for gamers looking to seriously up their game. Two new Legion gaming laptops are now set to light up the local gaming scene and are now available from official Lenovo distributor in South Africa, DCC Technologies. Gamers looking to tap
The Entrepreneurial Journey: Lessons from a Challenging Experience
Imagine working tirelessly for an entire year without receiving a salary—the stress and anxiety this would cause you and your loved ones. This is the harsh reality many entrepreneurs face in their quest to build successful businesses. Reflecting on a personal entrepreneurial journey reveals a failure that, while haunting, is rich with lessons for aspiring
ATW24: Minister Mondli Gungubele stresses the importance of Digital growth and AI
One of the biggest technology conferences, exhibition & awards ceremony celebrating African Innovation, Sentech Africa Tech Week took place last week and Business Tech Africa was honoured to be the official media partner. One of the people that Business Tech Africa caught up with, is Minister of Communications and Digital Technologies Mondli Gungubele. During the
SAP Innovation Day Highlights AI and Cloud as Catalysts for African Business Growth
Today, technology and business leaders convened at the SAP Innovation Day in Johannesburg to explore strategies for revitalizing business growth through innovation. The event focused on how companies can overcome stagnation and ignite a wave of innovation to ensure long-term success. Navigating Volatility and Uncertainty Hans-Peter Fuelle, Chief Business Officer for EMEA at SAP, highlighted
EasyPay Everywhere Empowering South African Families with Financial Solutions
As families and mothers celebrate International Day of Families and Mother’s Day this May, EasyPay Everywhere is emphasizing the crucial role of effective financial solutions in the current economic landscape. These solutions are designed to help mothers and families better manage their finances. Statistics South Africa reports that nearly 43% of South African households are
HONOR Releases MagicOS 8.0 for Magic V2 Series
The global technology leader, HONOR has officially launched MagicOS 8.0 for its HONOR Magic V2 Series. Starting today, users of the HONOR Magic V2 and PORSCHE DESIGN HONOR Magic V2 RSR can download the update directly from their device's Settings menu. Built on Android 14, MagicOS 8.0 introduces an AI-driven intent-based user interface (IUI) with
Harnessing AI-powered telehealth to supercharge employee wellbeing
The fusion of technology and healthcare has reshaped how organisations approach employee wellness, and telehealth is at the forefront of this change. Daily, approximately 15% of South African employees miss work, costing businesses between R12 billion and R16 billion a year. What’s more, it's estimated that up to 25% of all employees in South Africa
JBS Innovation Lab: Pioneering Transformative Impact
Innovation is not just a buzzword at the JBS Innovation Lab, Johannesburg Business School (JBS), University of Johannesburg (UJ); it is a culture, a driving force propelling the symbiotic relationship between education, research, and real-world application. As the University looks back on the strides made in 2023, it is evident that the JBS Innovation Lab
Trend Micro Enhances Cybersecurity Platform with AI-Powered Capabilities
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity, has announced significant enhancements to its platform, incorporating advanced AI-powered functionality aimed at securing organizational use of AI and managing the associated risks of widespread AI adoption. As the RSA Conference 2024 approaches, Trend Micro's Co-founder and CEO, Eva Chen, is steering the
FairMoney Recognized as One of Africa's Fastest-Growing Companies by Financial Times
FairMoney, Africa's leading neobank, has been named one of the fastest-growing companies in Africa by the Financial Times. This ranking, developed in collaboration with Statista, highlights FairMoney's remarkable and resilient growth since its inception in 2017. Between 2019 and 2022, FairMoney demonstrated category-leading growth, underscoring its commitment to expanding services that drive financial inclusion and
Congo Unveils National Data Centre Project with African Development Bank Support
The Republic of the Congo has announced the construction of a new three-storey building in Brazzaville's Bacongo district, set to house the country's National Data Centre. This facility, financed by the African Development Bank, will serve as the central hub for storing and processing the nation's digital data and that of its citizens. As part
Bokra is revolutionizing Financial Goals for Retail and SME Investors
Bokra is poised to transform how retail and SME investors manage their finances, offering innovative solutions to save and invest across diverse asset classes. The platform addresses key challenges faced by merchants and SMEs, including the lack of personalized investment planning, fragmented investment applications, opaque fee structures, and the high costs associated with physical assets.