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New digital payment, PayShap launches in South Africa
On Monday, March 13, 2023, the South African Reserve Bank (SARB), BankservAfrica, and the "big four" banks launched PayShap. The "big four" banks, Absa, Nedbank, FNB, and Standard Bank, introduced the digital payment system today and are going live. Additional financial institutions are anticipated to join in the coming months. PayShap will enable South African
PayShap – it’s easy, safe and instant
The launch of PayShap, South Africa's first low-value, interbank, real-time digital payments service, on March 13, 2023, marks an incredible milestone. “Widely anticipated in the market and global payments community since its journey kicked off in 2017, we are extremely pleased to announce that PayShap is officially live,” says Mpho Sadiki, Head of Real-time Payments
African Women Discuss their financial struggles, Innovations and Success on Forbes Leading Women Summit 3.0
Forbes Africa hosted women from across the globe on March 8th to celebrate, teach and inspire, to exchange knowledge and wisdom with one another. This year's theme was women 3.0: The Icons and Ideas Shaping Africa. The event began with a powerful speech by Forbes Africa Managing Editor, Renuka Methil, “let us ignite historic shifts
How Blockchain Technology May Bring About Global Revolution
It is easy to conclude that the worldwide cryptocurrency business had a difficult year in 2022. It began with the steady decline of bitcoin's price from its all-time high of roughly $69,000 and finished with the unexpected collapse of crypto exchange FTX and the arrest of its disgraced founder and former CEO, Sam Bankman-Fried. In
The Top 4 Ways ChatGPT Can Be Applied in Telecom
In recent years, the telecommunications business has seen numerous changes and difficulties, necessitating the development of more efficient and effective communication solutions. One answer to this problem is to employ a language model driven by artificial intelligence, such as ChatGPT. ChatGPT has the potential to revolutionise how telecoms handle customer service, network management, fraud detection,
Grammarly's Generative AI feature will be able to write, interpret, and edit text in the near future
The functionality, which will be released in April, will be available instantly across applications and websites like Medium, LinkedIn, Microsoft Word, Gmail, and Google Documents. Grammarly, an AI-powered writing helper, announced Thursday the debut of GrammarlyGo, a generative AI tool that will allow users to brainstorm ideas, produce writing, edit, and customise material. It's the
<strong>The SARB data reveal that the Q4 22 current account balance fell to its lowest level since Q3 19</strong>
The current account deficit increased to 2.6% of GDP in Q4 22 from 0.0% in Q3. The outcome was largely in line with our projection, but worse than the 1.5% shortfall predicted by Thomson Reuters. The decline was principally caused by a substantial drop in the merchandise trade surplus, which fell from 3.7% of GDP
African icons share stories of hope, inspiration, and innovation at 8th FORBES WOMAN AFRICA Leading Women Summit
The return of an in-person FORBES WOMAN AFRICA Leading Women Conference at SunBet Arena, Time Square in Pretoria, South Africa, on International Women's Day (8 March 2023) was celebrated in style. Ministers, ambassadors, Grammy award winners, human rights activists, international sports stars, and game changers from around the continent joined the stage to discuss this
Great News for South African vehicle owners
Substantial progress is being made in South Africa in establishing the right to repair. The Right to Repair South Africa and the Motor Industry Workshop Association (MIWA) have collaborated to create and publish a worldwide best-practices guide for right-to-repair legislation. The freedom to repair movement argues for customers' rights to repair and alter their own
Best inverter trollies to avoid load shedding
South Africans who wish to avoid load-shedding without breaking the bank may select a power cart rather than a portable power station. Mecer, Ellies, Lalela, RCT, and Kool Energy are among the top brands available locally. Inverter trolleys provide various advantages over portable power stations. Power trollies, for example, are frequently less expensive, and their
Load-shedding crushes internet speeds in South Africa's most top mobile neighbourhoods
According to Analytico's most recent data, Bryanston, Century City, and Garsfontein had the fastest mobile Internet in South Africa at the start of 2023. The data is based on 267,853 tests performed on the MyBroadband Speedtest app since January 1, 2023. MyBroadband's speed test servers are hosted in Teraco's vendor-neutral data centres, ensuring that users
Boeing and an AI company teamed up to develop self-flying military planes
Boeing Co. and Shield AI Inc. have agreed to collaborate to speed the military adoption of the startup's autonomous aircraft software and to investigate additional defence uses for artificial intelligence. Shield Hivemind, a self-driving AI pilot for aeroplanes that doesn't require GPS or other communications, is AI's signature software. It's useful in conflict zones where
<a><strong>Optimise your mobile cloud to function at its best</strong></a>
The HUAWEI environment's Mobile Cloud experience is one of its many amazing features. These user-friendly and simple services are intended to operate in tandem to maximise the capabilities of any HUAWEI mobile device. Consider these services to be an integrated approach for you to receive a secure experience that assures the safety and privacy of
South African businesses frightened over emigration
A recent white paper from payroll services provider Playroll, in collaboration with IT and developer employment marketplace OfferZen and executive recruitment agency Aims International, demonstrates that South Africa's skills issue is more widespread than industry-specific shortages suggest. According to the group's research, over 80% of all business leaders polled perceive talent emigration to be one
Standard Bank's load shedding bill quadrupled Last year
Standard Bank claims that its fuel expenses to counteract load shedding have increased from R18 million in FY21 to R72 million in FY22. This was one of the primary reasons for its operating expenses and bank branches rising 9% in the most recent fiscal year, coupled with other increases in municipal taxes. On Thursday, the
South Africa warned about new solar scam
While the government, businesses, and South Africans in general seek relief from power shedding by investing in solar, fraudsters and crooks hunt for ways to profit. The City of Tshwane has issued a warning to citizens about fraudsters posing as city personnel launching a new solar scheme. Scammers masquerade as bogus contractors, driving about in
Slack will provide users with a ChatGPT AI tool, that will write messages for them 'in seconds'
Customers who are sluggish will get "new superpowers" as the app revealed ChatGPT AI technologies geared at increasing the productivity of its millions of users. Salesforce has partnered with OpenAI, the developer of ChatGPT, a slow customer, to bring an artificial intelligence chatbot to the system for the first time. ChatGPT is an artificial intelligence
The 'secret' world of air-gapped software development
Security is required for software. We're all aware that anti-virus protection benefits our computers, whether it's from Microsoft Defender Antivirus or the regular suspects that dominate the malware protection industry. These technologies assist us in creating a world of safe software, however certain software application development and use occurs in much more restricted circumstances. The
The Best IT Best Practices Introduction
Best practices assist firms in improving services, products, security, and efficiency while maximising investment value. Incorporating best practices into your organisation can be a challenging process, but it comes with significant time and money savings, as well as extra benefits such as: Best practices vary by sector of IT, therefore a project manager will have
What's data masking? Types, Methods, and Best Practices
Every year, data breaches expose millions of people's sensitive data, leading numerous businesses to lose millions. In fact, the average cost of a data breach thus far in 2021 is $4.24 million. Of all the breached data kinds, Personally Identifying Information (PII) is the most expensive. As a result, data security has become a primary