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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industrial equipment and machinery (IM&E) manufacturers have been slow to adopt the latest technology, often relying on outdated models.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,
SA women entrepreneurs are doing it for themselves and creating thriving businesses
In a country where 51% of the population is female, single women head up approximately 7.6 million households, and we are seeing that more women than men are buying property. It is therefore not surprising that women are ‘doing it for themselves' when it comes to business. “The evidence lies in the number of women
Stimulating Job Creation in EC through Successful Completion of 1st Cohort
Samsung, in collaboration with Ocule IT, recently hosted a Graduation Ceremony to celebrate the successful completion of the 1st Cohort of the MICT-SETA Accredited Electronics Technician program in the Eastern Cape. This marks a significant milestone for the graduates who now contribute to the national initiative focused on electronics artisanal skills development, aiming to stimulate
Teaching kids about cybersecurity and internet safety
For many adults today, memories of a time before the internet, cellphones, and social media are still vivid. However, for today’s children, these technological advancements are an integral part of their everyday lives. While the conveniences brought by the internet, smartphones, and social media are remarkable, they have also ushered in new and persistent dangers,
How to reduce your electricity bill
According to Dr. Karen Surridge from the South African National Energy Development Institute (SANEDI), prioritizing energy efficiency is crucial. Adjusting both behavior and equipment can effectively manage electricity demand in homes, leading to reduced electricity bills. This approach falls under the energy industry concept known as demand-side management, where the collective efforts of households, businesses,
Prospective car buyers set to benefit from strong competition in the pre-owned market
Weelee, historically South Africa's fastest-growing online platform and now an established buying and selling business within the pre-owned motor industry, believes that strong competition within the used car market will be the catalyst for innovative solutions, competitive pricing, and enhanced customer service. “In a rapidly evolving economic climate marked by high interest rates, escalating fuel
Redefining Security in the Age of Cyber-Threats
The persistent challenge of cybercrime continues to plague modern businesses, with seventy-one incidents and 3,808,687,191 compromised records reported in September 2023 alone. Globally, the year's breached records have surpassed 4.5 billion, showcasing the severity of the issue. The Orange Cyberdefense Security Navigator 2023 identifies prevalent attack types as malware, social engineering, policy violations, system anomalies,
RMAA SA reimagining the future of mobility on its 15th year celebration
Special Vehicles Manufacturer, RMA Automotive South Africa (RMAA SA), proudly marked its 15-year anniversary this week. Since its inception in 2008, the company has consistently demonstrated a commitment to excellence and innovation, shaping the future of mobility through advanced engineering and strategic partnerships. Commemorating the anniversary with the theme, ‘Beyond the 15 – The Future
CCI South Africa is building IT skills for the BPO Sector
South Africa faces a chronic shortage of skills in the IT (Information Technology) sector, with the South African Government’s 2023 Critical Skills List highlighting the need for IT skills including systems analysts, data scientists, software developers and more. Recognising the need to introduce more skilled workers into the sector, Business Procurement Outsourcing (BPO) industry leader
Vodacom connects customers by land, sea and sky to boost digital inclusion in Africa
Continuing its commitment to fostering digital inclusion and connectivity across Africa, the Vodacom Group has expanded its pan-African customer base to 196.2 million through innovative initiatives that transcend land, sky, and sea. Vodacom highlighted several connectivity projects aimed at accelerating digital transformation and promoting socio-economic upliftment on the continent. Dejan Kastelic, Chief Technology Officer at
Vodacom Group Limited releases interim results for the six months that ended 30 September 2023
Vodacom Group's positive revenue trend, evident in the first three months of the financial year, persisted into the second quarter, reflecting a robust operating performance. Despite challenges such as higher interest rates, inflation, and currency volatility in our markets affecting earnings, we remain steadfast in delivering our purpose-led strategy. Our commitment focuses on enhancing societal
Standard Bank Champions Renewable Energy Transition in Africa with $20M Commitment to CrossBoundary Energy
Demonstrating its ongoing commitment to a sustainable energy future, Standard Bank, Africa’s largest commercial bank is contributing $20 million as part of a $50 million construction debt facility agreed between CrossBoundary Energy and the Facility for Energy Inclusion (“FEI”) in June this year. FEI, managed by Cygnum Capital (formerly Lion’s Head Group), is the lead