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South African Retail Sales Surge While Inflation Remains Low
South Africa’s retail sales surged by a positive 6.3%, based on a year-on year comparison for October 2024 compared to October 2023. This growth follows an upwardly revised 1.1% rise in sales in September 2024, marking the 8th consecutive month of growth in retail activity and the strongest run in growth of retail sales since
Solar Energy to Eclipse Coal Generation in 2025
As development and growth in industry and other large consumers of electricity continues to grow, the question of supply continuously raises its head, particularly in the context of Africa and hurdles to African development. Solar Expansion Exploding A recent report by the International Energy Agency says the growth in demand in 2024 and 2025 is
Cisco Measures AI Readiness in South Africa: Navigating Challenges to Unlock Potential
News Summary: Cisco, has recently announced findings from the Cisco 2024 AI Readiness Index, with a key take-away that only 18% of organisations in South Africa are fully prepared to deploy and leverage AI-powered technologies. This emphasises the challenges companies face in adopting, deploying, and fully leveraging AI, to not only benefit from AI’s computational
Generative AI: Key considerations for South African cybersecurity teams
The AI landscape is changing faster than ever, and this is especially true in cybersecurity. Many organisations in South Africa are now focusing their investments on application security, putting a significant emphasis on AI-driven solutions to boost their cybersecurity efforts. This trend highlights a growing awareness of AI's potential benefits, even as the technology itself keeps advancing.
Breaking News today – Wednesday 11 December 2024
Business & Tech News Coffee Climbs to Record High On Tuesday, the price for Arabica beans, which accounts for around 70% of global coffee bean production, breeched $3.44 a pound (0.45kg), having gained more than 80% this year. The cost of Robusta beans, which makes up the rest of global production also hit a new high
National Youth Entrepreneurship Awards 2024
Johannesburg, 10 December 2024: The Step-Up-2 A-Start-Up, National Youth Entrepreneurship awards, celebrated their 10-year anniversary in style today at the Wanderers Club, with a glitzy affair that included 36 finalists from around South Africa who provided an electric atmosphere, and several large corporate senior managers who have been involved in supporting the competition over the
Empowering sustainable youth innovation
As we get ready to welcome 2025 and step one more year into the future, the importance of sustainability and understanding climate change is more relevant than ever before. The youth, who will be forced to live with the devastating impacts of climate change are also the ones with the greatest motivation to fix it.
Manufacturing and Mining – Positive Growth in South Africa
While the latest manufacturing and mining statistics for October 2024, released today (10 Oct), indicate that overall there has been a slight improvement compared to October 2023, certain sectors such as automotive manufacturing, and Iron ore production are facing serious headwinds. Manufacturing production increased by 0,8% in October 2024 while Mining production increased by 1,4%
TCL Set To Lead The Future Of Air Conditioning With Exclusive Innovation Showcase In Wuhan
TCL Electronics, a leading global consumer electronics brand and the world’s top two TV brand, is set to host its TCL Air Conference – "Air to Future, Sail to Success," in Wuhan, China on December 10th and 11th. This landmark event will represent a significant milestone in TCL’s mission to revolutionize the air conditioning industry with groundbreaking innovation and
Luno adds largest number of crypto assets as Bitcoin surges past $103,297 (R1,862,000)
Bitcoin set a new all-time high of $100k on Luno this morning. The market cap leader is up more than 40% since the US elections, with President Trump having made a number of pro-crypto statements during campaigning. Further positive crypto headlines and appointments in the US preceded the cryptocurrency breaching $100,000, which is a key milestone for crypto investors. For
South Africa in a Values Crises – President Thabo Mbeki
Johannesburg 10 December 2024: Former President Thabo Mbeki, addressed the gathering at the 10th anniversary of the Step-Up to a Start-up National Youth Awards at the Wanderers Club in Johannesburg this morning. The former South African President, now 82, gave a clear indication of the concerns facing South Africa, with a view of the challenges
Etana Energy signs a landmark R1.8 billion Guarantee Facility deal
Etana Energy, the South African energy trading company, aims to unlock R9 billion of new renewable energy investment through a groundbreaking deal with GuarantCo, part of the Private Infrastructure Development Group (PIDG), and British International Investment (BII), the UK’s development finance institution and impact investor. GuarantCo and BII will provide $100 million ($50 million each)
Uber Launches World-First Courier Bakkie to Support Users and Business Owners in SA
South Africa’s thriving technology company, Uber, is excited to launch its Courier Bakkie product offering to drivers and users of the Uber App (“Users”). This offering will also see the ‘Uber Package’ product taking on a rebrand as ‘Courier,’ to better align with the growing range of transportation services made available to Users by
Kaspersky joins UNIDO’s Global Alliance on Artificial Intelligence for Industry and Manufacturing
Kaspersky has announced that it has joined the Global Alliance on Artificial Intelligence for Industry and Manufacturing (AIM Global), launched by the United Nations Industrial Development Organisation (UNIDO). This strategic collaboration reflects the company’s commitment to advancing the safe and sustainable use of AI to drive innovation and create a more sustainable world. Introduced in
Veeam Welcomes New Investors with a $15 Billion Valuation
Veeam® Software, the #1 global leader in Data Resilience by market share, announced an expansion of its shareholder base in a $2 billion secondary offering, valuing the company at $15 billion. This transaction was led by TPG (NASDAQ: TPG) with participation from Temasek, Neuberger Berman Capital Solutions, and other key investors, reinforcing Veeam’s position as a
Breaking News today – Tuesday 10 December 2024
Business & Tech News Google’s Willow Quantum Processor Chip a Game Changer: Google has unveiled a new chip called Willow that will, if claims prove true, be a complete game-changer in quantum computing. According to Google it takes only five minutes to solve a problem that would currently take the world's fastest super computers ten
Mobile Money Rwanda and Mastercard partner to introduce Virtual Card by MoMo
Mobile Money Rwanda Limited (MoMo Rwanda) and Mastercard have partnered to launch Rwanda’s virtual payment solution, Virtual Card by MoMo, which enables MoMo customers to make global e-commerce payments safely and securely. MoMo customers will now be able to transact using a virtual card to shop or make payments across global outlets that accept
Lenovo and DUT’s RoboGirl Program Celebrate Three-Year Milestone
For the third consecutive year, Lenovo South Africa, in partnership with the Durban University of Technology (DUT) will host the anticipated RoboGirl program, to advance the future of young women in science, technology, engineering, and mathematics (STEM) fields. On the 2nd of December 2024, 85 girls from 17 schools across KwaZulu-Natal, will be provided with
SOLA Success Celebrated
Business Tech Africa Spoke with Katherine Persson, Managing Director at Sola Group South Africa about the impressive growth trajectory of the alternative energy supply company. Background Katherine was born in South Africa, but spent her school and university years in the UK. and then “returned to South Africa temporarily 18-years ago” Katherine quirks about her
(Advertorial)- TCL x Arsenal FC TCL Run A Heart-warming Campaign Connecting Football, Family, and Technology
Tech giant TCL, in partnership with Arsenal FC, formed a partnership a while ago, aiming to score big with fans across the Middle East, Africa, and Europe. This dynamic duo plans has managed to bring football lovers and tech enthusiasts together with innovative initiatives, exclusive content, and unforgettable experiences, including their latest ad video which