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Understanding ransomware attacks and how companies can protect themselves from being victims
As of recently, ransomware has been dominating the security conversation, and instead of things getting better, it just seems to be getting worse, and many people and organisations still don't understand how these attacks unfold. Business Tech Africa had the opportunity to sit down with the Veeam Team to find out what exactly is the
Three challenges CIOs currently face – and how to fix them
Across industries, as technology becomes more central to business operations the role of a CIO is increasingly broad. From digital transformation to the carbon footprints of data centres, CIOs are responsible for an ever-growing set of workstreams. This is backed up by Lenovo’s 2023 Global Study of CIOs, which found that 84% of IT leaders
Making sense of the funding landscape for SMEs in South Africa
Securing funding and loans can be a challenging, frustrating experience for small business owners in SA, especially for SMEs who may not have experience with the rigorous applications processes. “With demands like a solid business plan; extensive credit history checks; and scrutiny of your business bank account’s statements, trying to access small business funding can
Why wellness is vital for SA's private security sector
As societal attitudes toward mental health continue to evolve, there is a growing recognition of the importance of addressing mental well-being in high-stress professions. In South Africa, the private security industry, comprising approximately 10,000 companies and nearly 2.7 million registered personnel, is undergoing a transformation to prioritize the physical, mental, and emotional health of its
Creating global opportunities for local digitally skilled graduates
Recognising that South Africa’s youth must be presented with avenues to participate in the global digital economy, impact sourcing specialist CareerBox Africa has created the CareerBox Africa Innovation hub in Umhlanga, Durban. The global digital economy plays an important part in giving rise to innovative new ventures that will create sustainable employment for young Africans.
Cape Town CBD to take back the power amid electricity crunch
In South Africa, where electricity is a precious resource, the Cape Town Central City Improvement District (CCID) is launching a new public campaign, "Switch on to Switch Off: It Just Makes Good Business Sense." The CCID, a private-public company managing the Cape Town CBD, urges stakeholders – including property owners, business operators, residents, and visitors
How to prioritise and manage your debt during difficult times
An emergency fund that is built over the year can easily be the lifeline one needs to deal with some of the issues that continue to plague South Africa’s economy such as load shedding, water reductions, increasing interest rate hikes and increasing individual and household debt. Many people find themselves facing challenging financial situations that
Want to Make Your Money Right by The End of 2023? Here’s a Financial Strategy to Help You Do It
South Africans’ pockets are in pretty dire straits. In addition to the pressure created by increases in basic living expenses, consumer data suggests we are also spending more on non-essential ‘feel good’ purchases including travel and dining out. According to the SpendTrend2023 report, grocery costs have surged, with a nearly 50% increase in spending compared
New Visa Report Tells Consumers to Stay Alert this Holiday Shopping Season
Visa Inc., a world leader in digital payments, revealed its Holiday Edition Threats Report, which anticipates heightened scam activity during the holiday season across both card-present (CP) and card-not-present (CNP) transactions. The new report identifies popular fraud tactics expected between November 2023 and January 2024 due to the rapid increase in eCommerce activities and in-person
Inclusivity paves the way to SA’s new energy future
At the media roundtable hosted as part of the South African National Energy Development Institute’s (SANEDI’s) inaugural annual energy conference, collaboration and inclusion emerged as strong themes in discussions around South Africa’s energy transition project. Of particular interest was how the decision to repower and repurpose old coal-fired power stations tallies with South Africa’s commitment
Sahara Group Foundation empowers young african social innovators with Seed Funding
The Sahara Group Foundation continues its steadfast commitment to supporting young African social innovators and entrepreneurs through its Sahara Impact Fund Fellowship programme. In partnership with LEAP Africa and Impact Amplifier, the programme aims to empower innovators dedicated to improving access to clean energy and sustainable environments across Africa. The top ten Fellows, selected from
New research detailing latest ways hackers are using to steal personal information and selling it underground
Browser data is ranked the number one target for data stealers, according to Trend Micro Incorporated (TYO: 4704; TSE: 4704). The cybersecurity company recently released a new report titled, “Your stolen data for sale”, which details the risks associated with data theft and its subsequent misuse. The report reveals that the risk of data theft
Innovation in Turbulent Times: Navigating the Business Landscape Ahead
As South African SMEs gear up for the busy end-of-year season, business owners are grappling with the rapidly changing business landscape affecting every industry. SMEs, as the major employers in the economy, are particularly impacted, prompting entrepreneurs to consider innovative strategies to stay competitive and secure their niches. Innovation becomes crucial for SMEs looking to
R2,3 m supplier development support sets Murex financial software supplier on fastrack for growth
Kion Consulting, a local company which provides technological and quantitative solutions to the financial services sector in the trading, treasury, risk, and post-trade operations sectors, has received an R2,3 million development provision through the Standard Bank Group’s Securities Supplier Development Programme. This will enable Kion Consulting to launch an employment and training initiative that will
Shifting Currents: South African Businesses Must Balance Equity and Innovation in the Renewable Energy Surge
Our energy industry is in a state of upheaval. In 2023 we’ve grappled with the worst load shedding ever on record, with over 250 days affected by bouts of load shedding, with resulting economic losses estimated to be in the trillions. The impacts have been especially gruelling for key economic sectors like mining, tourism, and
Investing in 4IR technology makes business sense for IM&E manufacturers
The pace of technological change is rapidly accelerating across global industry sectors, with machines becoming faster, more powerful, and sophisticated. However, South African industrial equipment and machinery (IM&E) manufacturers have been slow to adopt the latest technology, often relying on outdated models. This reluctance to embrace Industry 4.0 technologies poses a risk of falling behind
Logistics companies addressing skills shortages
The logistics sector is undergoing significant transformations, driven by technological advancements and global shifts. The rise of artificial intelligence is poised to bring about substantial disruptions, coinciding with evolving economic and environmental factors that are already impacting supply chains. For instance, the Panama Canal recently faced challenges due to low water levels during an unusually
Lenovo sees signs of recovery across technology sector – delivers quarter-on-quarter performance improvements and further accelerates AI leadership
Lenovo Group Limited and its subsidiaries have reported second-quarter results, revealing a Group revenue of US$14.4 billion and a net income of US$273 million, based on non-Hong Kong Financial Reporting Standards (HKFRS). The gross profit margin reached a record high of 17.5% for the second quarter, with the non-PC businesses contributing 40% to the Group
5 Cybersecurity Trends SA businesses must watch in 2024
South Africa’s cybersecurity landscape is becoming increasingly dangerous. In fact, a recent report by Interpol reveals that the country is the cybercrime hub of the continent. As cyber-threats continue to rise, it’s crucial for local businesses to keep an eye on trends shaping the sector.“Preparing for cyber-threats is becoming less of a choice and more
Embracing Multi-Currency Accounts for Global Sales this Festive Season
The holiday season is fast approaching, and for South African businesses, it's not just a time for celebration, but also a fantastic opportunity to expand their customer base and sales on a global scale. With the world becoming increasingly connected, businesses can now reach customers in different corners of the globe. However, to do so,