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SAS examines how AI can be leveraged for financial inclusion at Executive Forum
At a time when financial inclusion remains a global challenge, SAS hosted an exclusive forum in Johannesburg to explore how artificial intelligence (AI) and data analytics can transform the banking sector and reach the underserved. The event underscored the necessity of extensive AI governance and industry-wide collaboration to address the challenges posed by financial crimes
Boxer secondary lists on A2X
Boxer Retail Limited (Boxer), a majority held subsidiary of Pick n Pay Stores Limited (Pick n Pay), has followed the lead of Pick n Pay with a secondary listing on A2X Markets (A2X). Boxer began trading on A2X on the same day that it listed on the Main Board of the Johannesburg Stock Exchange (JSE),
Balancing Immediate Financial Needs and Long-Term Security:
The Two-Pot Retirement Fund Challenge The recently introduced two-pot retirement system, introduced as of 1 October 2024 in South Africa, was designed to address the issue of early retirement savings withdrawals. The system divides retirement savings into two “pots”, one for short-term needs and another for long-term preservation. As of 18 November, just 2.5 months
Staying safe in South Africa’s tech-fuelled cybercrime epidemic
Cybercrime has become a serious threat to South African consumers and businesses, with scammers leveraging the latest and most innovative methods to stake their claim on their victims’ hard-earned money. From sim swop and banking fraud schemes to social engineering scams and even deepfake audio and video manipulations, scammers are using increasingly sophisticated methods to
Breaking News today – Monday 9 December 2024
Business & Tech News Gold rises amidst market changes: Africa produces just over 22% of global gold production and will awake today with gold prices having hit $2,640 per ounce in early trade this morning. This was driven partly by its safe-haven appeal amid renewed geopolitical tensions in the Middle East, as well as the
McKinsey to Pay Substantial Fine for Bribery in South Africa
McKinsey and Company Africa (Pty) Ltd (McKinsey Africa), which operates in South Africa as a wholly owned and controlled subsidiary of international consulting firm McKinsey & Company Inc. (McKinsey), has agreed to a settlement to pay over $122 million to resolve an investigation by the Justice Department into a bribery scheme that paid bribes to
SpaceX Expanding in Value and Space
Company Valuation Rockets A year ago, in December 2023, Space X was valued at Almost $180 Billion then in June of 2024 it was given a value of $210 Billion, and again in November of 2024, the space exploration and satellite technology company was valued at $255 Billion, making it the most valuable private start-up
How to Break Down Barriers to Scale SMEs in South Africa
SME's Challenging Landscape Studies reveal that when compared with other developing nations, South Africa has one of the highest failure rates for small to medium enterprises (SME’s), with a failure rate of between 60% and 80% during the first and second years of business. The high failure rate can be linked to the entrepreneurial climate,
Breaking News today – Friday 6 December 2024
Business & Tech News African Nations Interest Rates and Inflation Numbers Released: Several African nations released their inflation and Interest rates yesterday (5 Dec) with the inflation rate in Tunisia easing to 6.6% in November 2024, after remaining steady at 6.7% for the previous three months, and reaching its lowest level since December 2021. The
Innovation in Action:
Jiinue Wins Best Hackathon Solution at FNB App of the Year Awards 2024 The FNB App of the Year Awards 2024 has named Jiinue, developed by the team Tati Digital, as the Best Hackathon Solution, recognising a transformative digital innovation aimed at addressing unemployment in Africa. The awards ceremony was held on 4 December at
Maximizing Your TCL Air Conditioner for Comfort This Summer
As summer approaches, TCL, a global leader in consumer electronics and air conditioning technology, offers expert guidance on how to make the most of your air conditioner throughout the season. TCL’s advanced air conditioning units are designed to provide efficient and powerful cooling, allowing homeowners to enjoy comfortable, refreshing indoor spaces even during the hottest
How Huawei Transformed the Foldables Landscape in Just 5 Years
Few tech brands are as resilient as Huawei. Known for its ongoing break-through innovation and pioneering mobile designs, the company has become a major player in the foldable smartphone market. While the broader smartphone market seems to be plateauing, Huawei has made significant strides in the foldable smartphone sector and according to a report by
Google Appoints new Country Director in South Africa
Johannesburg, 05 December 2024 – Google has appointed experienced business leader, Kabelo Makwane, as its new Country Director for South Africa. Makwane will take up his new role early in the new year. The well respected leader has 20+ years of experience in the technology sector and joins Google from Vodacom Business where he currently serves as
The Rise and Challenges of the African Data Centre Industry
The global data centre industry has emerged as the foundation for the next digital revolution, facilitating the storage, processing, and management of vast amounts of data that is collected at almost every turn today. As businesses and individuals increasingly adopt more advanced technologies such as Artificial Intelligence, Machine Learning, the Internet of Things (IoT), cloud-based
Breaking News today – Thursday 5 December 2024
Business & Tech News Bitcoin Breaks $100,000 Barrier In early trade this morning (5 Dec), Bitcoin prices broke through the key $100,000 level to reach aa new all-time high. Trade in crypto currencies have surged since Donald Trump became President-Elect on sentiment that his administration would create a more crypto friendlier regulatory environment. Trumps pick
Red Hat Signs Strategic Agreement with AWS
Red Hat, Inc., the world's leading provider of open source solutions, has announced that it has signed a strategic collaboration agreement (SCA) with Amason Web Services (AWS) to scale availability of Red Hat open source solutions in AWS Marketplace, building upon the two companies’ long-standing relationship. Red Hat intends to help empower organizations with leading
MINI Car With Maximum Fun
Business Tech Africa got to drive the fabulous new Mini Cooper S, all electric vehicle this week that brought back lots of motoring “happy day” memories. The Cooper classic small sedan is without doubt designed and built for the fun loving motor enthusiast who loves the adrenalin rush of great performance and incredible tech, all
What If Africa……
As we head into another year, having seen an enormous amount of disruptions in Geopolitics and economics in the past 12-months, perhaps it is time for Africa to stop and reflect and perhaps set off on a new path to economic growth. With average GDP per capita in Africa having only grown by a measly
Breaking News today – Wednesday 4 December 2024
Business & Tech News South African GDP Contracts: The South African economy contracted by 0.3% in the third Quarter (Q3) 2024, following a revised 0.3% rise in Q2. Four out of ten industries measured registered declines. The primary source of the decline was in agriculture with lower than expected field crops (-28.8%, contributing -0.7 percentage
Get Ready for Holiday Hosting with TCL’s Home Essentials
As the holiday season draws near, TCL, a global leader in consumer electronics, offers a range of products that make holiday hosting easier and more enjoyable. From high-performance TVs for family movie nights to energy-efficient air conditioners and convenient appliances, TCL’s innovative technology helps families create memorable gatherings with ease and style. For entertainment, TCL’s