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SA travel fintech scores $300,000 funding from Silicon Valley and New York-based investors
South African travel-focused fintech, TurnStay.com, has secured USD300,000 (over R5.4 million) funding from Silicon Valley and New York-based investors: DFS Lab and DCG. The company plans to use the funding to expand the business into Africa and build on the significant traction already achieved. Founded by experienced entrepreneurs Alon Stern, co-founder Slide Financial, and James Hedley, co-founder Quicket, TurnStay
FNB survey reveals that nearly 50% of South Africans don’t have a retirement plan
The 2024 FNB Retirement Insights Survey, released today, offers a glimpse into the current state and evolving dynamics of pre- and post-retirement planning in South Africa. In its second year, the in-depth research reveals persistent challenges around retirement in South Africa and highlights emerging opportunities that could significantly shape the future of retirement preparedness in
TCL Strengthens Partnerships to Elevate Media and Entertainment Experience
TCL Electronics, a global leader in consumer electronics, reaffirms its dedication to sports partnerships as a cornerstone of its brand strategy. With a robust portfolio of collaborations across various sports and global events, TCL continues to enhance fan experiences and support community initiatives worldwide. TCL's commitment to sports spans across renowned leagues, teams, and events,
Kaspersky exposes advanced phishing techniques to bypass two-factor authentication
Kaspersky has uncovered a sophisticated evolution of phishing techniques used by cybercriminals to bypass two-factor authentication (2FA), a crucial security measure designed to protect online accounts. Despite the widespread adoption of 2FA by many websites and its mandatory implementation by numerous organisations, attackers have developed advanced methods, combining phishing with automated OTP bots to deceive
Lisa BV Announces Proptech Partnership With MRI Software
Lisa BV, the commercial real estate industry’s leading lead-to-lease technology platform, today announced a formal partnership with MRI Software, a global leader in real estate software and services. This strategic collaboration integrates Lisa’s advanced leasing technology with MRI Property Central, a comprehensive and flexible property management and accounting solution for the South African market. This integration
How Artificial Intelligence Is Transforming Financial Services
The financial services sector is taking its first tentative steps on its journey into artificial intelligence (AI) with the technology predicted to change everything from the way financial institutions detect fraud to the way they serve customers. The bank of the future is likely to see more AI-powered talking avatars, reduced queue times and more
Breaking News Today – 25 July 2024
Migrant Crossing Tragedy: A tragic accident at sea has resulted in a growing number of victims, deaths, and missing migrants in Mauritania. A report by IOM (International Migration Office) has stated that approximately 300 people boarded a pirogue in The Gambia and spent seven days at sea before the boat capsized near Nouakchott on 22
Illegal Betting Linked to Cyber Crime & Football Globally
A leader in cloud networking and security services, Infoblox, announced a significant breakthrough in cybercrime investigation yesterday, with the unmasking of a cyber-threat actor that the company has named “Vigorish Viper.” Vigorish Viper is a Chinese organized crime syndicate that utilizes a sophisticated technology suite to take advantage of the global $1.7 trillion illegal sports
Google Chrome – Cookies to Stay – For Now
Google dropped a bomb-shell on the advertising industry, this week, with an announcement that they were walking back their decision in 2019, to do away with third-party tracking cookies on Google Chrome completely by 2025. Google’s VP of Privacy Sandbox, Anthony Chavez, wrote a blog post this week, confirming that instead of deprecating third-party cookies,
HONOR Launches HONOR 200 Series; Set to Rival the DSLR with Studio-Level Photography Capabilities
HONOR has disrupted the South African smartphone industry once more with the official launch of its latest addition to the Number Series – the HONOR 200 Series, comprising the HONOR 200 Lite, HONOR 200, and HONOR 200 Pro. This is an accessible mid-range lineup that delivers flagship-level performance and an unrivalled studio-level portrait photography experience. HONOR hosted an exclusive launch event unveiling the devices to
The Dayun Yuehu S5: Enviro Automotive Launches SA’s Most Affordable Electric Car
Enviro Automotive has introduced the Dayun Yuehu S5 to the South African market, making it the most affordable electric vehicle (EV) in the country. Priced at just R399,900, the Dayun Yuehu S5 undercuts its nearest competitor, the BYD Dolphin, by over R100,000. This competitive pricing positions the Dayun Yuehu S5 within the reach of a
Breaking News Today – 24 July 2024
Llama 3.1 launched: Meta officially released the biggest version of its open source Llama large language model (LLM), a 405 billion-parameter version called Llama-3.1 yesterday. The 405 billion parameter version can “teach” smaller models and create synthetic data. Llama 3.1 will operate under an open-source license to allow for model distillation and synthetic data creation. Ugandan Protestors
Apple to Potentially Launch Foldable iPhone by 2026
Apple is reportedly gearing up to unveil a foldable iPhone by 2026, a move that could signify the most significant hardware design overhaul for the company’s flagship product. This development aligns with the trend set by Samsung Electronics, which launched its first foldable phone in 2019, aiming to captivate new customers with innovative design. According
IXAfrica and Schneider Electric Unveil Cutting-Edge Hyper-Scale Data Centre in Kenya
IXAfrica data centres, in collaboration with Schneider Electric, have launched a state-of-the-art hyper-scale data centre in Kenya, marking a significant milestone in the region's digital infrastructure development. This partnership aims to deliver world-class, sustainable cloud services, enhancing reliability and efficiency. The newly launched facility, NBOX1, stands as a Tier 3+ carrier-neutral data centre, equipped to
Google Reverses Decision to Phase Out Third-Party Cookies in Chrome
Google announced on Monday that it will retain third-party cookies in its Chrome browser, reversing its previous pledge to phase out the tracking technology. This shift comes after concerns from advertisers, Google's primary revenue source, who argued that eliminating cookies in the world's most popular browser would limit their ability to personalise ads and increase
Zoho Partners with She Code Africa to Empower Women in Tech
The global technology firm, Zoho has joined forces with She Code Africa (SCA), a non-profit organization focused on empowering African women in technology. This partnership aims to enhance the skills of female tech professionals and students across the continent. Central to this collaboration are Zoho’s “Train the Trainer” sessions, designed to introduce SCA Academy trainers
New Visa Study Reveals How Consumers Can Stay Secure from the Language of Fraud
Fin-Tech company start-up’s in Africa are leading the world with the bulk of new VC funding going to this sector over the past year. It indicates how important money transactions are across the continent and how rapidly the number of players in the market are developing. The realm of digital payment technologies has undergone a
Standard Bank Reduces ATM Footprint, While Adopting High-Tech Devices
Standard Bank is actively reducing its ATM presence across South Africa by introducing more efficient "new technology ATM devices" with higher capacity to better serve clients. In recent years, South Africa’s major banks have been reducing their physical footprint as customers increasingly adopt digital transaction channels. This has led to a reduction in the size
The Power of Connected Vehicles in shaping the future of mobility
Decoding how connected vehicles can act as a catalyst for building safer, sustainable transportation Connected vehicle architecture is emerging as a cornerstone of vehicle innovation in transportation, according to Bharat Bhushan, Head of Digital Business at Tata Motors. The developments in digital connectivity is rapidly transforming how fleet owners interact with vehicles and is transforming
Nigerian Legislators Probe Dangote's Refinery Amid Contaminated Fuel Allegations
On Monday, Nigerian legislators initiated an investigation into the reported importation of contaminated fuel into the country, aiming to address conflicts between Aliko Dangote's oil refinery and the regulatory authority. Ikenga Ugochinyere, the committee chairman, stated that the probe is examining allegations of "unregulated issuance of licenses and the purported lack of international standard laboratories"