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Breaking News today – Monday 7 October 2024
Business & Tech News Oil Prices Correct in Early Trade: After an 18-month record rise in Brent last week, where the price of Brent Crude rose by 8%, this morning’s early oil trade in Asia saw a correction in Oil prices. The correction was driven predominantly by concerns of oversupply counter-balanced the concerns of a
Revving Up Results: How Digital Marketing Is Driving Success in the Automotive Industry
Digital marketing plays a crucial role in enhancing brand visibility, customer engagement, and sales within South Africa's dynamic automotive industry. As consumer behaviours and technologies evolve, automotive brands must adapt to remain competitive. By embracing innovative digital strategies, companies are revolutionising traditional approaches and achieving notable success in brand visibility, customer engagement, and sales—demonstrating the
South African Aerospace Launch Facility Takes-off
The University of Kwazulu Natal (UKZN) reached a new milestone in the development of the South African space industry, with the Aerospace Systems Research Institute (ASRI) engineers Commissioning a new, state-of-the-art, suborbital sounding rocket launch facility at the Denel Overberg Test Range (OTR) in the Western Cape. ASRI is located within the University of KwaZulu-Natal’s
Earth Space Wi-Fi and Fibre Connectivity in One
Chief Technical Officer of the Paratus Group, Rolf Mendelsohn, announced that the Telco Tech company is now providing Low Earth Orbit (LEO) satellite connectivity solutions to clients in South Africa, Botswana, Mozambique, and Zambia. He was addressing the Atlantic Convergence conference in Lisbon this week. Through its partnership agreements with global low earth orbit (LEO) satellite
Breaking News today – Friday 4 October 2024
Business & Tech News Egyptian Wheat Win: Egypt is one of the world's largest importers of wheat and subsidises the cost to allow for the production of low priced bread, a society benefit available to tens of millions of people in the country. Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), has
Singularity Summit 2024 Gears Up with Bold Plans
The Singularity South Africa Summit that returns in physical form on Monday 21 and Tuesday 22 October 2024 at the Sandton Convention Centre in Johannesburg, in collaboration with Old Mutual, is just three weeks away. Today, the bold plans for the summit were revealed, including over 50 prolific speakers, robotic displays, interactive experiences, many of
SEACOM South Africa partners with Arctic Wolf to enhance cybersecurity offerings
SEACOM, a leading provider of connectivity solutions in Africa, has solidified its commitment to cybersecurity by partnering with Arctic Wolf®. This strategic partnership aims to equip SEACOM clients with advanced security operations solutions to combat the growing threat of cyberthreats in today's digital landscape. Cyberattacks threaten companies of every size, and organisations are increasingly seeing
Experian Innovation Summit Addresses Ai Growth
Experian, the global data and technology company held its Innovation summit, themed Unleash Your Potential and sought to address the critical demands of digital transformation, cost optimisation and Cloud adoption in the financial services industry. In a session earlier today, the ever increasing adoption of Ai technology was addressed via a panel discussion that included
Kaspersky reports increase in ransomware and spyware attacks on industrial systems
Kaspersky’s report on the cybersecurity landscape for industrial control systems (ICS) in the second quarter of 2024, revealed a 20% increase in ransomware attacks compared to the previous quarter. The report underscores a growing threat to critical infrastructure sectors worldwide, with ransomware and spyware posing the most significant risks. Kaspersky Security Network statistics show that 23.5%
Anchor becomes the latest stockbroker trading on A2X
Anchor Stockbrokers (Anchor) have commenced trading on A2X Markets joining eleven other brokers who are connected and trading on A2X. Anchor can now transact across markets for the 173 companies and exchange traded funds listed on A2X. Anchor Stockbrokers is a niche focused stockbroker providing equity brokerage services and research into sectors in which it has
Talent and tech: Critical elements for strategic AI success
AI has been generating a great deal of excitement around its potential to transform various sectors and industries across South Africa. Despite all the buzz, the business value of AI will only be fully realised when enterprises evolve beyond simply consuming the technology to wielding it for competitive advantage, because this is where the magic
Unlocking the full power of eSIM
At some point during your daily internet and social media trawl, you’ll probably have encountered the term “eSIM.” You wouldn’t be wrong to think the name sounds a bit techy—it most definitely is since it is an acronym for “Embedded Subscriber Identity Module.” That’s a mouthful, and chances are that if you’re scrolling your newsfeed
Economic Green Shoots in South Africa
Johannesburg 3 October 2024: Financial analyst George Glynos, of ETM analytics believes that the South African economy is in it's healthiest position it has been in for quite some time. Speaking as the key-note speaker at the Experian Innovation Summit in Johannesburg this morning, he outlined the scope of data that he and ETM believes
Standard Bank Partners With Meridiam To Power Africa’s Infrastructure
Standard Bank Group, the biggest bank in Africa by asset, and Meridiam, an independent investment Benefit Corporation and an asset manager, hosted a joint event to unlock investment opportunities in alternate energy infrastructure on the continent. Meridiam has been building its investment credentials on the continent since 2015 and has partnered with Standard Bank for over
Breaking News today – Thursday 3 October 2024
Business & Tech News Zambian Power Outage Crisis: Zambia sources up to 84% of its electricity from water reservoirs such as lakes, dams and rivers, while only 13% is generated via coal power plants. Due to severe drought this season however, several of the main power sources that are water generated such as the Kariba
Transport Tribulations in Transport Month
Public-private sector cooperation is critical to revitalizing SA’s failing transport infrastructure As the spotlight falls on Transport Month annually in October, Business Tech Africa gets some insight from Vuyo Ntoi, MD of African Infrastructure Investment Managers, who argues that every day without decisive intervention regarding fixing infrastructure, deepens job losses, stifles businesses, and weakens SA’s
TymeBank Reaches 10 Million Customers, Setting Milestone as Africa’s First Profitable Digital Bank
TymeBank, Africa's first digital bank to achieve profitability, has reached a significant milestone, surpassing 10 million customers in less than six years since its launch in 2019. The bank's rapid growth and customer acquisition reflect the success of its core value proposition, built on simplicity, transparency, and affordability. Since its launch in February 2019, TymeBank
The Future of Mining in Southern Africa
Johannesburg, 2 September 2024: The focus of the Jo’burg Indaba 2024 is Investing in Resources and Mining in Africa, with major players in the supply to and support of the industry in attendance. As of 2023, the mining industry contributed around 202.1 billion South African rand to the country's GDP and employed a total of 477,000
NamPower Partners with Chinese Firms to Build Namibia's Largest Solar Power Plant
Namibia's state-owned utility, NamPower has announced a landmark partnership with two Chinese companies to develop the country’s largest solar power plant. Valued at N$1.6 billion (US$89 million), the project will significantly bolster Namibia’s renewable energy capacity and reduce its dependence on electricity imports. The 100 MW Rosh Pinah solar plant, located in southern Namibia, will
Bolt Expands Driver Support Network with New Engagement Centre in Cape Town
The leading mobility platform, Bolt has opened its second Driver Engagement Centre in Thornton, Cape Town, marking another step in its commitment to supporting its driver-partners. The new facility is a direct response to feedback from drivers, who expressed the need for more accessible, in-person support. Following the success of its Johannesburg centre, Bolt aims