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AI Taking Over The Hospitality Industry
Artificial intelligence (AI) has taken over the world, with most major technology companies vying for dominance in the AI space. The travel and hospitality sectors are also taking steps towards AI. The impact AI has on sales and marketing within the hospitality industry cannot be overlooked. AI analytics makes it easier to monitor website traffics
3 catalysts for technology stocks in 2023
The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. For technology stocks, 2022 marked the worst performance year since the bursting of the dot-com bubble in the early 2000s. The technology sector in the S&P 500
How sustainability became a foundational pillar to building a successful business
Businesses play a crucial role in addressing environmental challenges and fostering sustainability. By incorporating Environmental, Social, and Governance (ESG) goals into their operations, companies can make a positive impact while also gaining rapport with their customers. By identifying the best ways to integrate ESG goals into their business strategies, companies can actively contribute to combating
South Africa narrowly avoided slipping into a ‘technical’ recession in Q1 23 despite the sharp escalation in load shedding
Growth will be the main domestic macro focus this week with the Q1 23 national accounts data. Despite the sharp deterioration in rotational power cuts, Absa group believes South Africa narrowly avoided slipping into a ‘technical’ recession in Q1. The bank forecast real GDP growth of 0.2% q/q sa for the quarter after 1.3% contraction in
S&P Works on Ghanian Eurobonds, Senegal and Uganda’s Ratings Affirmation
S&P, on 2 June, cut the ratings of two more Ghanaian Eurobonds to D from CC after the country missed principal and interest payments on these bonds (the USD1bn 2029 and USD1bn 2049 bonds). At the same time, the agency affirmed its SD/SD long- and short-term foreign currency and its CCC+/C long- and short-term local
FNB boosts service delivery by issuing over 400 000 Smart IDs and passports via its branches
FNB says it has issued over 400 000 Smart IDs and passports via its branches since 2015 with its partnership with the Department of Home Affairs (DHA). The support of service delivery will enable ease of access to these important identity documents. Over the period, the Bank issued 192 954 Smart IDs and 233 026 passports
Google leads $36 million in satellite imaging start-up Pixxel
A satellite-image Bengaluru-based Pixxel raised $36 Million in a series B funding round which will be led by Google becoming the first major investment in the Indian space sector since the government launched its privatisation policy in April. Pixxel announced its Series B round on June 1st 2023, which included Google as well as existing
#SeeTheUnseen Capture the hidden beauty in everyday life with the HUAWEI P60 Pro
Photography has come a long way since the days of film and darkrooms. Back then, photographers lugged around bulky cameras and equipment. The early digital revolution started changing this for the better. We are now in the era of smartphones and smartphone photography which is accessible to everyone and has lent new meaning to the
IIASA Note the decline in the state of governance in municipal entities across South Africa
The IIASA said it notes with concern that the AGSA’s report on the MFMA 2021/22 local government audit outcomes details further breakdowns in governance, risk and control. The Institute of Internal Auditors South Africa notes, with concern, the decline in the state of governance in municipal entities across South Africa evidenced by the Auditor- General’s
Eskom Paid R238 000 for a cleaning mop and R934 950 For A Kneepad
Former chief executive officer of power utility, Eskom Andre de Ruyter recently published his new book, Truth to Power: My Three Years Inside Eskom where he details the corruption and fraud at Eskom. In his memoir, Ruyter emphasizes that “negligence and carelessness had become cemented into the organisation”. He gives a behind the scene at
PepsiCo South Africa Buys the Remaining 50% Stake In Futurelife Health
PepsiCo South Africa has acquired the remaining 50% stake in Futurelife Health products. PepsiCo SA currently owns 50% of Futurelife stake and seeks to own 100% of the company. The acquisition comes after eight years since buying the first 50% stake. PepsiCo said earlier last month the South African Competition Commission recommended the conditional approval
South African Banking Risk Information and SAPS Urge South Africans To Be On The Lookout For Scams
The rate of scams has increased in South Africa so is online shopping, online banking, and contactless payment. Phishing attacks, malware attacks, and online fraud have increased significantly in 2023. The South African Banking Risk Information Centre (SABRIC) urges bank customers to make a conscious decision to institute good habits to avoid becoming victims of
The Presidency Released Progress Updates on Operation Vulindlela
Operation Vulindlela (OV) released by the Presidency yesterday shows further reform progress in various sectors since the last update in December covering the period up to Q3 22. Specifically, the update reports that 10 of 32 listed reforms have been completed, while one has been completed but needs some further intervention. Meanwhile, the report argues that
President Tinubu meet with CBN Governor Emefiele and NNPC CEO Kyari to discuss removal of the Fuel Subsidy
A day after being sworn in as the country’s 16th president, Bola Tinubu yesterday hit the ground running by meeting Central Bank of Nigeria (CBN) Governor Emefiele and Nigerian National Petroleum Company (NNPC) CEO Kyari to strategise on how to engage with labour unions on the removal of fuel subsidies. Following Tinubu’s announcement during his
Huawei Mobile Services enable the South African ‘on-the-go’ banking system to grow
The growth of digital payment apps has been significant in recent years, transforming the way people make transactions and handle their finances. People are increasingly using these apps for various financial activities such as online shopping, bill payments, peer-to-peer transfers and more. The convenience, speed and security offered by these solutions, have played a crucial
Salaries sink in April, reversing recent gains
The overall dismal economic environment has contributed to the average nominal take-home pay slipping further in April 2023, according to the monthly BankservAfrica Take-home Pay Index (BTPI). The number of salary payments has also fallen, signalling a troubled job market. “The average nominal take-home pay was R14 534, showing a sizeable decline on the R15
Nigerian’s 16th President announced plans to remove the controversial fuel subsidies
Bola Tinubu was yesterday sworn in as Nigeria’s 16th president during a ceremony in the nation’s capital, Abuja. During his inaugural address, the new president announced several policy priorities that will be given attention in the coming weeks. He called security a top priority and committed to investing more resources into improving overall security. On
Solar Takes Over Cape Town
Load Shedding has been one of the major issues South Africa is facing. Solar has taken over to end load shedding and provide the necessary power to households and companies. The city of Cape Town has set a record for the number of applicants for solar power installation. According to City of Cape Town's statement
SARB released its Financial Stability Review
Yesterday, the SARB released its Financial Stability Review (FSR) for the period December 2022 to May 2023. The SARB argues that systemic risks have risen since the last edition of the FSR in November 2022 due to both global and domestic idiosyncratic developments. On the global front, systemic risk has risen due to persistently elevated inflation,
Diversifying mobile banking solutions in the app market: Huawei Mobile Services and Standard Bank celebrate 4-year partnership
Partnerships play a crucial role in the success and growth of businesses across various industries. Amongst some of the numerous advantages is the shared access to resources, complementary skills, market expansion, innovation, enhanced credibility and saving of costs and time efficiency. By forming strategic partnerships, businesses can position themselves for long-term success and sustainable growth