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Breaking News today – Tuesday 22 October 2024
Business & Tech News Flying Taxi’s Planned for Indian Airport: India’s Kempegowda International Airport in Bengaluru, has ambitious plans to launch a flying taxi service, in partnership with Sarla Aviation. This initiative aims to provide a faster, cleaner, and more efficient transportation option for commuters. The project will feature seven-seater electric vertical take-off and landing
Who or What Solved the South African Energy Crises and at What Cost?
Private Investment in Solar Provided a Key Solution There is a growing amount of commentary about exactly who or what solved the energy crises that South Africa had experienced for a period of 16-years, that suddenly seemed to magically disappear shortly before the 2024 general elections. At this stage many in South Africa will simply
Taxes, Trade, and Tech: Why the US election matters for SA investors
21 October 2024: As the race for the Whitehouse continues, with US Elections special voting already underway, and only a few weeks to election day, South African investors are reminded that the stakes extend far beyond political leadership, and the global ramifications are substantial and far reaching. Depending on which polls you look at, there
TeleDoc: Revolutionizing Healthcare in Nigeria through Telemedicine
In today’s fast-evolving world, where technology is reshaping industries, healthcare is undergoing a significant transformation. TeleDoc, Nigeria’s premier telemedicine platform, is at the forefront of this change, redefining how healthcare professionals deliver services and how patients access care. TeleDoc is an innovative telemedicine app designed to enable doctors to run fully functional virtual practices. It
BRICS Poised to Lead Global Economic Growth, Says Putin
Russian President Vladimir Putin has projected that the BRICS group will drive the majority of global economic growth in the coming years, owing to its size and relatively rapid expansion. Speaking at the BRICS business forum on Friday, ahead of the upcoming summit in Kazan from October 22-24, Putin highlighted the bloc's increasing influence on
Kaspersky identifies SideWinder APT expanding attacks with new espionage tool
The Kaspersky Global Research and Analysis Team (GReAT) has detected that the SideWinder APT group is expanding its attack operations into the Middle East and Africa, utilising a previously unknown espionage toolkit called ‘StealerBot'. As part of its ongoing monitoring of APT activities, Kaspersky discovered that recent campaigns by the SideWinder APT group were targeting
Google's Impact in South Africa: R118 Billion in Economic Activity and Growing
A Google commissioned economic impact report, led by Public First, has confirmed that Google's products and services have contributed an estimated R118 billion to the South African economy. The report highlights Google's significant investment in the country's digital growth, including infrastructure development, support for startups, and the introduction of innovative tools and services. According to the report, South Africa
AFRICAN REAL ESTATE – DEFIES EXPECTATIONS
Property sector demonstrates stability across subsectors in Africa 21 October 2024: During the height of the Covid-19 pandemic there was lot of talk around the end of the traditional office work. As the largest African bank by assets, operating in 20 African countries, Standard Bank’s data reveals that the real estate industry has been relatively
How the right software can drastically improve your financial reporting and planning
Many businesses rely on manual (Excel driven) processes to collate and consolidate data from multiple sources, in order to produce their periodic results and forecasts. As a business grows, it’s not only the amount of data sources that grow. The amount of information one needs to report to various stakeholders also increase exponentially. As a
South Africa’s credit card holders shopping trends revealed
Float, Africa’s first card-linked instalment platform has unveiled the latest shopping trends among credit card holders using its payment method. With an impressive average order value of close to R10,000, order values through the platform significantly exceeds those of the regular buy now pay later model, which typically ranges between R1,000 and R1,400. The latest
GenAI in insurance: 3 key takeaways from a global industry survey
Will generative AI (GenAI) prove itself a bane or boon to the insurance industry? A new study exploring the use of GenAI in insurance suggests that 9 in 10 insurers plan to invest in GenAI in the next year. The enthusiasm is palpable, but survey data also shows that the ethical and regulatory implications of innovation continue
Breaking News Today – Monday 21 October 2024
Business & Tech News The Global Sovereign Debt Roundtable Meets This Week: Debt defaults, from the aftermath of unnecessary Covid lock-downs, that created economic disasters in many African developmental states has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. However, the International Monetary Fund (IMF) and
Why Hybrid Cloud Platforms are the new Payments Paradigm
Secure, reliable, resilient. These characteristics have long been associated with the world’s most successful payments environments. However, to maintain these benefits, change in payments has historically been slow. But being static is no longer an option. Constant transformation is now the norm due to the proliferation of enabling technologies like APIs, newer kinds of commerce
Masterminds@Play opens at Fourways Mall: Revolutionising learning for SA’s next generation
Masterminds@Play, the latest initiative from Mindful Masterminds, has officially opened its doors at Fourways Mall. This dynamic, woman-owned business is on a mission to empower South Africa’s next generation through the transformative combination of technology, innovation, and play. Led by CEO and founder Avashna Ramnarain, Masterminds@Play strives to build a community where every child becomes
TCS Sustainathon Challenges Youth to Ideate and Invent Clean, Affordable Energy Solutions
Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has launched the third annual South African edition of TCS Sustainathon, the problem-solving competition that challenges the youth to develop innovative ideas to address real-world issues through technology. TCS Sustainathon allows young people to work together with private businesses, non-profit organizations,
Profitroom Loyalty to Boost SA Hotel Bookings
Johannesburg, South Africa – Profitroom, a leading hotel technology solutions provider, operating in 38 countries globally, has introduced Profitroom Loyalty to the South African market this week. The new programme will aim to help local hotels increase direct bookings and build stronger guest relationships in a landscape where online travel agents (OTAs) often dominate. Unlike
OASIS 1: Mookodi BESS Project reaches Commercial Close
In less than a year after being awarded under the DMRE’s Energy Storage Independent Power Producers Procurement Programme (ESIPPPP), the Oasis 1: Mookodi battery energy storage systems (BESS) project reached commercial close on 16 October 2024, with the signing of project documents in Cape Town, in the presence of the Minister of Electricity and Energy
Breaking News today – Friday 18 October 2024
Business & Tech News Gaza War Impacts Egyptian Economy: According to a United Nations report, it estimates that the total economic impact of the Gaza war on the Egyptian economy, will reach between $5.6 billion and $19.8 billion over the current and next fiscal years (2024-2025). This represents a loss of between 1.6% and 5.2%
Is cash dead? If your answer is yes you’re missing the point… and millions of customers
Is cash truly dead? With the rapid rise of fintech innovations and digital payment solutions, one might think so. Yet, despite the digital revolution sweeping across African societies, cash remains very much alive—and for millions, it is still the preferred way to transact. With the massive influx of fintech companies, bringing innovation after innovation across
Massive Decline in SA Wholesale Retail and Automotive Sales
According to the latest Stats SA economic sector figures released today (17 Oct), the Wholesale Retail and Motor trade sales indicators for August in South Africa, paints a miserable picture of what is happening in the South African economy currently. Wholesale Sales Collapse in August Measured in real terms using constant 2019 bench-mark prices, wholesale