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Mike Silber Appointed as Group Executive Regulatory at MTN Group
Mike Silber, renowned for his extensive experience as the former Group Chief Regulatory Officer at Liquid Telecom for five years, assumes a new role as Group Executive Regulatory at MTN Group. During his time at Liquid Telecom, Silber played a pivotal role in expanding Africa’s cross-border fibre network and spearheading its largest networked data centre
Tesla Faces Sales Slowdown Amidst Waning Demand and Market Challenges
Tesla Inc. finds itself on the brink of a challenging milestone as dwindling demand for electric vehicles coupled with rising interest rates cast a shadow over its sales figures. As the quarter drew to a close, analysts swiftly revised their projections for Tesla's upcoming delivery report. There's a palpable sense of apprehension on Wall Street,
Aella Transforms into Aella Microfinance Bank: Pioneering Financial Inclusion in Nigeria
Aella, a leading provider of credit and financial solutions in Nigeria, proudly announces a significant milestone with its official name change from Aella Credit to Aella Microfinance Bank. This strategic decision underscores Aella's unwavering commitment to innovation and the delivery of inclusive financial services to the average Nigerian. Established in 2015 by Akin Jones, the
Rhenus South Africa receives Authorised Economic Operator Level 2 status
Rhenus South Africa has marked a significant milestone with its attainment of Authorised Economic Operator (AEO) Level 2 status. This accomplishment solidifies its position as a frontrunner in the industry, poised to guide and support its clientele through the AEO program. Through this achievement, Rhenus reaffirms its dedication to upholding stringent security and safety standards
Small businesses fuelled by fibre have a competitive edge
Technology has changed how businesses operate; operations have become fast-paced, putting more pressure on small business owners to adapt to modern ways of conducting business. Local entrepreneur Vuyisile ‘DJ Vusinator’ Mathwasa, a music producer and DJ, has partnered with Vuma, South Africa’s leading network operator, to unleash his creativity through connectivity. He is one of the many
The expansion of industry-specific ERP solutions
As industries have evolved, so have their needs for enterprise resource planning (ERP) solutions. Originally conceived as versatile tools suitable for a broad array of sectors, ERP systems have proven invaluable in streamlining operations across diverse industries. However, the inherent generic nature of traditional ERP solutions has increasingly revealed its limitations, particularly for manufacturers seeking
How the shift to cloud-based ERP is transforming the manufacturing landscape
In today's ever-evolving manufacturing environment, the call for digital transformation is more pronounced than ever before. However, amid the numerous competing priorities, the transition to cloud-based Enterprise Resource Planning (ERP) is often overlooked by many industry participants. Manufacturers often hesitate or overlook cloud migration while focusing on daily operations. Yet, it's essential to highlight that
How licensing will change crypto in SA
South Africa’s Financial Services Conduct Authority (FSCA) has indicated that the first 59 licences are almost ready to be awarded, which would grant these companies the right to operate as crypto assets financial services providers. About 262 applications are in progress. Crypto assets were declared as financial products in terms of the Financial Advisory and Intermediary Services Act,
Data Science as a Service (DSaaS) drives informed decision-making
In today’s rapidly evolving digital landscape, data has become the cornerstone of innovation and competitive advantage for businesses across nearly all industries. So much so that insights suggest that data-driven organisations are 23 times more likely to acquire clients, six times more likely to retain clients, and 19 times more likely to be profitable as
EOH profits sink as CEO Stephen van Coller resigns
EOH Holdings has unveiled its latest financial results under the leadership of outgoing CEO Stephen van Coller, indicating a challenging landscape for the business. In the six months ending on January 31, 2024, EOH reported a headline loss per share of 11c, showing a slight improvement compared to the 17c loss reported a year earlier.
Four tips to avoid online ticket fraud
There is no doubt that South Africans are excited to head back to stadiums to watch sport and to watch their favourite musicians. This can be seen in the almost immediate sell out of the Springboks versus Ireland test matches and the return of a number of international music acts like James Blunt, Take That,
The biggest threats to OT security will surprise you
With the growth in digital transformation of businesses, there has been an increase in tools and tech solutions that allow for greater connectivity. From cloud and artificial intelligence to operational technology (OT) and Internet of Things (IoT), businesses are more connected than ever before. And while these tech advancements have created more efficiencies, increased productivity
Verto Pay Launches to Simplify Online Business Payments for Nigerian SMEs
Today represents a noteworthy achievement for small and medium-sized enterprises (SMEs) in Nigeria as Verto, a global fintech leader, introduces its newest innovation: Verto Pay. It has been revealed to Business Tech Africa that this state-of-the-art mobile app aims to transform how Nigerian SMEs handle their financial transactions, enhancing accessibility to cross-border commerce while reducing
Six things you should know about South African e-shoppers
South Africa's e-commerce industry is experiencing rapid growth, with projected local revenue expected to reach $7.9 billion by 2027. In this dynamic business environment, it's crucial for companies to establish a robust digital presence and capitalize on the burgeoning online market. To succeed in the changing landscape of South African consumers, businesses must grasp the
Octotel and RSAweb gain new shareholders as Actis exits investment
A group led by African Infrastructure Investment Managers (AIIM), one of Africa’s major infrastructure-focused private equity fund managers under Old Mutual Alternative Investments, along with STOA, a prominent impact fund in infrastructure and energy for developing and emerging markets, and Thebe Investment Corporation, has announced the signing of an agreement to purchase Octotel, a prominent
Fluss is launching the next wave of IoT solutions
Fluss, known for its widely-used access control device and cloud-based service, is excited to introduce its latest IoT innovation: Fluss+. Building on the success of its predecessor, which facilitated access to homes, businesses, gyms, estates, and complexes millions of times over the past year, Fluss+ retains all the convenience and features users love. With Fluss+,
South African consumers feel the big squeeze
According to NIQ, 44% of South African consumers feel they are in a worse financial position this year compared to a year ago. Of those respondents, 82% say that increased costs of living are to blame for their recent financial struggles, up from 76% a year ago. Nearly two-thirds (62%) state they are worse off
Biometrics important for more secure and efficient ATMs in retail environments
Biometrics-enabled ATMs are poised to significantly improve retail security and financial accessibility in South Africa, according to Patience Rolls, Executive Head of Cash & ATMs at EasyPay Cash, a division of Cash Connect under Lesaka Technologies Inc. Rolls highlights the crucial role of ATMs in retail environments, providing convenience and efficiency for both customers and
Loyalty and rewards provider Randgo grows executive team
Randgo, a company specializing in customized customer, incentive, and employee rewards, has announced two key appointments to its C-suite as part of its strategy to enhance its position as a leading rewards provider in South Africa. Kinola Pather has been appointed as CEO, while Juandri Kotze has assumed the role of COO. Additionally, Yas Mahomed
Florida gets rid of social media for kids under 14
Florida Governor Ron DeSantis has signed into law a bill aimed at restricting minors' access to social media platforms, citing concerns over their potential harm to children's well-being. The legislation, known as House Bill 3, prohibits minors under the age of 14 from having social media accounts altogether. For teenagers aged 14 and 15, parental