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Breaking News Today
Kenya – President William Ruto has fired the full cabinet Secretaries and the Attorney General and has only retained the Minister of foreign affairs and the Deputy President. This follows after widespread protests regarding the new tax bill that has now been scrapped and general corruption within the government. Commentators have suggested that President Ruto
World’s leading finance and accounting body to host its flagship ENGAGE conference in Africa
The world’s premier finance and accounting body, AICPA & CIMA, together as the Association of International Certified Professional Accountants, will gather distinguished experts in finance, accounting, and business at its ENGAGE 2024 conference at The Capital Zimbali Resort in Durban, South Africa, from 21 to 23 August 2024. The three-day conference will bring together hundreds of accounting, finance, and
Embracing AI for Accessible and Affordable Healthcare in South Africa
Over the past year, Artificial Intelligence (AI) has dominated the global news cycle as experts across the world engaged in a spirited debate about its positive implications and potential drawbacks for our future. While uncertainties remain about how AI will impact our lives, the fact of the matter is that it will revolutionise the way
Showmax pricing update sees no increase to Premier League plan ahead of 2024/2025 season
African streaming service Showmax announces pricing update for its unrivalled content effective 01 August 2024, to kick in six months after their relaunch in partnership with Comcast's NBCUniversal. According to the press release shared with Business Tech Africa, Showmax Premier League pricing remains at R69 a month, giving subscribers access to every match of the
Cracking the code: Site reliability engineering and Kenya’s need for software engineers
Software development in Kenya is one of the driving cornerstones of digital transformation. The country ranks high in Sub-Saharan Africa in terms of innovation and is benefitting from solutions that transform traditional business models and strategies. It is in this climate that site reliability engineering (SRE) – a software engineering approach to IT operations –
A journey to excellence: Vox’s rise to 3CX Titanium partner status
Vox, a leading internet service provider, saw their growing customer needs for a reliable and cost-efficient unified communications and collaboration (UC&C) solution with a proven track record and a solid feature set. As a result the company partnered with 3CX in 2020, and achieved Titanium Partner status in 2021. This is a proud accomplishment in
How SA businesses can do more with less using automation, AI, and machine learning
A report published by market research specialist In On Africa in August last year presented some interesting insights about AI adoption in South Africa. In a survey of more than 3,000 South Africans working across various industries, 59% stated that they knew about ChatGPT but only 38% had used it previously. Those who had never
Sibanye-Stillwater Suffers Cyberattack, Implements Protective Measures
Sibanye-Stillwater, a leading global producer of platinum and gold, has announced a cyberattack on its IT systems. In a notice to stakeholders, the mining giant detailed its response to the breach, emphasizing its commitment to data security. Upon discovering the incident, Sibanye-Stillwater immediately enacted containment measures in line with its Incident Response plan to isolate
Johannesburg Reviews R200 Fixed Charge for Prepaid Electricity Amid Public Outcry
City of Johannesburg Finance MMC Dada Morero announced that the municipality is reconsidering the R200 fixed charge for prepaid electricity users following widespread public outrage and criticism from civil action organizations. In an interview with Newzroom Afrika, Morero acknowledged the concerns raised by the community and stated that the council is reviewing the fee. The
Apple to Open Mobile Payments System to Rivals, Concluding EU Antitrust Investigation
Apple has agreed to open its tap-and-go mobile payments system to competitors, ending a four-year antitrust investigation by EU regulators. This decision averts a potential hefty fine for the tech giant. The move to settle the EU antitrust probe is notable for Apple, which has typically resisted the European Union's scrutiny of its business practices.
South Africas Pension Fund Reform Promises Improved Retirement Outcomes
South Africa’s new pension fund regulations, set to commence on September 1, will allow savers early access to a portion of their retirement savings, potentially leading to significantly better outcomes for retirees compared to the current system, according to AlexForbes. Under the new law, savers can allocate one-third of their contributions to an account accessible
Pick n Pay Announces R4 Billion Rights Offer to Address Debt
Pick n Pay has announced the launch of a rights offer aimed at raising R4 billion to alleviate its increasing debt. In a statement issued this morning via the Stock Exchange News Service (SENS), the retailer confirmed it has secured all necessary approvals for the rights offer. With the terms finalized and all conditions precedent
Breaking News Daily
Your daily update on Breaking News stories VBS Bank Chair Sentanced Tshifiwa Matodzi, former chairman of the VBS Mutual Bank board, pleaded guilty to 33 counts of corruption, theft, fraud, money laundering and a pattern of racketeering activities in the Gauteng High Court on Wednesday. Matodzi was sentenced to 495 years – 15 years on
TCL Leading the Pack in TV Large Screen Development
Johannesburg: The event was correctly named “Time to Go Big” and TCL certainly did a fine job of that for the press at their official launch at the Leonardo Hotel in Sandton. The hype around the TCL Mini-QLED products was not exaggerated at all, and the massive flagship 115” MAX certainly delivered on its promised
Driving Small Business growth in tough economic times
Growing a business in tough economic times is no easy feat. For small businesses in South Africa specifically, socio-economic factors are further compounded by issues of political uncertainty, volatile global markets, rising operating costs, and the often lonely path of the solopreneur. All these factors contribute to a tipping point for local small businesses at
Beyond the spread: A quick guide to the hidden costs of Forex trading
Forex trading comes with its fair share of profit opportunities, but it also comes with several costs. Understanding what these costs are – as well as some of the hidden costs involved, is an important factor in being able to make informed decisions. All Forex brokers have different cost structures when it comes to aspects
Google Translate expands its offering to include TshiVenda and siSwati
Google Translate has expanded its support to include 110 new languages, including South Africa’s TshiVenda and siSwati, bringing the total number of South African languages available to nine. This AI-powered expansion is Google’s biggest ever, geared to help people better communicate and connect. Part of Google’s 1,000 Languages Initiative, which uses AI models to support
South African Mining Sector Struggles Amid Rising Costs and Declining Profits
South African mining companies are facing some serious financial challenges due to escalating costs and diminishing profits, reflecting a global trend but with unique local challenges such as inadequate infrastructure and waning demand for key metals. This is according to a report by PwC, which highlighted the dual challenges facing the global mining industry in
Orange Unveils Digital Centre in Guinea-Bissau to Boost Digital Skills and Innovation
The pan-African telecommunications giant, Orange has launched its latest Orange Digital Centre (ODC) in Guinea-Bissau. This new facility is part of Orange’s expansive initiative to enhance digital skills, drive innovation, and support local entrepreneurship throughout Africa. The ODC in Guinea-Bissau is designed as a comprehensive digital ecosystem, offering a variety of free programs aimed at
Hebbia Secures $130 Million Series B to Revolutionize AI-Powered Document Search
The startup that specializes in generative AI for searching large documents and answering complex questions, Hebbia has managed to raise $130 million in a Series B funding round. This round, which values the company at approximately $700 million, was led by Andreessen Horowitz with contributions from Index Ventures, Google Ventures, and Peter Thiel. The substantial