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Breaking News Today – Friday 5 September 2025
Business & Tech News Diamond Price Slump Hits Lesotho Mine Lesotho’s largest producer of diamonds, the, Letseng mine, has reportedly laid off 240 workers, equalling a fifth of its workforce, as it deals with ongoing low gem prices due to weak demand and an uncertain global economic environment, parent company Gem Diamonds said on Thursday. Diamonds
Payments In Africa – A Fresh Perspective from Standard Bank
The Standard Bank Group, Africa's largest lender by assets, operates in 20 sub-Saharan African countries, four global financial centres, and two offshore hubs, totalling 26 countries of operation. With such a large global footprint, it makes sense that the group has taken a long hard look at the cross border payments landscape, particularly in the
Tech Talk – AdvannoTech Driving IoT Innovation in Africa
In this episode of Tech Talk on Business Tech Africa, host Greg Stewart interviews Xolani Zuma, CEO of AdvannoTech, a pioneering IoT company in South Africa. Xolani shares his journey from a 15-year corporate career to founding AvannoTech in 2018, driven by a passion for solving problems and integrating technology into everyday life. The company
Breaking News Today – Thursday 4 September 2025
Business & Tech News Ghana's Economy – Gaining Positive Momentum Ghana’s annual inflation rate in August, slowed for the eighth consecutive month, reaching its lowest level since October 2021, the central statistics service announced yesterday. Consumer inflation fell to 11.5% year on year compared to an inflation rate of 12.1% in July. Government statistician Alhassan
Business School – What Companies Must Consider Before Adding Cryptocurrencies to Their Balance Sheets
With the crypto-currency and stable-coin legislative landscape evolving rapidly in an era of digital transformation, more corporations are eyeing cryptocurrencies as a treasury asset to diversify holdings, hedge against inflation, and potentially boost returns. As of 2025, over 134 public companies hold Bitcoin alone, reflecting a surge in adoption driven by favourable regulatory shifts and
Business Chat – Crypto Payment Growth in Retail
In the latest Business Chat episode, Greg Stewart hosts Inge Oosthuizen from Eccentric Payment Systems to discuss the growing importance of cryptocurrency payments for South African merchants. The conversation highlights the increasing adoption of crypto payments, especially among younger generations like Gen Z and Millennials. Inge explains that crypto transactions are becoming seamless and indistinguishable
Breaking News Today – Wednesday 3 September 2025
Business & Tech News Google Can Keep Chrome But not Data District Federal Judge, Amit Mehta, has given a judgement in the US yesterday, indicating that Google will not have to sell its Chrome web browser but must share information with competitors. The remedies decided by Judge Mehta have emerged after a years-long court battle
The Impact and Scope of African Mining Indaba 2025: Paving the Way for 2026
The African Mining Indaba (AMI)2025, held from February 3-6 at the Cape Town International Convention Centre (CTICC), South Africa, emerged as a pivotal gathering for the continent's mining sector. Under the theme "Future-Proofing African Mining, Today!", the event drew over 8,000 delegates, including government officials, industry CEOs, investors, and experts from across Africa and globally.
Perspective: The Investment Landscape in South Africa
In a timeous event, the Morningstar investment conference taking place in Sandton today, saw a number of key perspectives provided on South African economy and potential. At the current junction in South Africa's economy, with less than a 1% GDP growth rate, it is also important to understand the context of how the country arrived
Breaking News Today – Tuesday 2 September 2025
Business & Tech News Blue Label to Seek Cell C Listing Blue Label Telecoms announced yesterday that it had entered into a binding implementation agreement relating to the pre-listing restructuring of mobile network opperator Cell C, with the view to optimising Cell C’s capital structure and balance sheet in preparation for a separation and listing
Breaking News Today – Monday 1 September 2025
Business & Tech News Platinum Shortfall Drives Prices to a One-Month-High Platinum futures climbed above $1,373 per ounce in early trade this morning, reaching a one-month high with several factors driving the prices higher. Supply concerns gave support to the price, with global platinum production remaining in deficit for three straight years as demand continues
How to Pivot Your Business Model: Adapting to Economic and Technological Shifts
The evolving global landscape we find ourselves in today, requires businesses to navigate unprecedented disruptions driven by technological advancements and economic volatility. For African enterprises, these challenges are amplified by unique regional factors such as infrastructure limitations, diverse regulatory environments, and reliance on commodity-based economies. The rise of artificial intelligence (AI) and cloud computing is
Breaking News Today – Friday 29 August 2025
Business & Tech News US GDP Growth for Q2 2025 Exceeds Expectations The U.S. Bureau of Economic Analysis reported yesterday that real GDP grew at a revised 3.3% annualised rate in Q2 of 2025, up from the initial 3.0% estimate, and exceeding the 3.1% Dow Jones forecast. This marked a clear rebound from Q1 that
Harmony Gives Investors Good Value – Aims for Better Safety
Harmony Gold released its latest financial results for the financial year ending 30 June 2025 today. The company provided great value for share holders with Headline earnings per share up a handsome 26% to 2 337 SA cents (129 US cents). Basic earnings per share was up 67% to 2 313 SA cents (127 US
African Bank Ups its MSME Game
African Bank has launched a fully online Micro, Small & MediumEnterprise (MSME) lending platform, offering business term loans, revolving lines of credit and invoice financing. The new solution, initially targeted at MSMEs with an annual turnover of R1-million or more, will provide funding starting from R20 000 (ZAR) and up to R5 million. The new financial product
Breaking News Today – Thursday 28 August 2025
Business & Tech News NERSA-Eskom Settlement a Blow for South African Tax Payers On August 27, 2025, the National Energy Regulator of South Africa (NERSA) issued a media statement detailing a settlement with power producer Eskom regarding the Sixth Multi-Year Price Determination (MYPD6) revenue decision for 2025/26, 2026/27, and 2027/28 financial years. The agreement followed
Business School – Attracting Global Investment to Africa’s Digital Startups
Africa's digital economy is standing at the point of potentially exponential growth, with a massive young, tech-savvy population and ever increasing mobile connectivity penetration. With over 1.4 billion people inhabiting the continent, it presents a vast untapped market for digital innovation. However, securing global investment remains a hurdle for many startups amid economic uncertainties. In
Breaking News Today – Wednesday 27 August 2025
Business & Tech News Space X's StarShip Tenth Launch a Success SpaceX’s massive 122.83 meter Starship rocket lifted off on its tenth test flight from Starbase, Texas, last night, successfully meeting long sought milestones after several launch failures. The rocket ascended on 33 methane-fueled Raptor engines before separating around three minutes after liftoff.Starship’s tenth flight
Tech Talk – 5G landscape and Future
In the latest episode of Tech Talk, Greg Stewart hosts Fran Heeran, Global Vice President for Global Telecommunications at Red Hat, to delve into the current landscape and future of 5G technology. The discussion highlights that while 5G has been the fastest adopted mobile technology globally, its rollout in Africa remains primarily urban, with significant
Breaking News Today – Tuesday 26 August 2025
Business & Tech News Trump Seeks to Fire Federal Reserve Governor In an ongoing battle between the US President Donald Trump, and the Federal Reserve, Trump has said he will seek to remove the Federal Reserve Governor Lisa Cook with immediate effect. In an announcement made on his social media platform Truth Social late yesterday,