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5 Common Misconceptions: The Truth Behind Impact Sourcing
Impact sourcing is gaining recognition as a powerful model that merges social impact with operational efficiency. Yet, it remains clouded by misconceptions that limit its potential and undervalue its transformative impact. Here, Lizelle Strydom dismantles some of the most pervasive myths surrounding impact sourcing and showcase how it can redefine talent acquisition, community empowerment, and
South African Households – Showing Signs of Economic Recovery
After several years of punishing interest rates and high inflation, driven predominantly by higher fuel and energy prices, a recently released Pulse Study by Trans Union shows that there is increased confidence in South African household finances, despite ongoing concerns about inflation and access to credit While the majority of the 1000 people polled in
Breaking News today – Thursday 21 November 2024
Business & Tech News Canadian Neuralink Trial Approved: The break-through “Brain-Chip” developed by Elon Musk's Neuralink, announced yesterday (20 Nov) that it had received approval to launch its first clinical trial in Canada. The Neuralink device was developed to provide paralysed individuals the ability to use digital devices and to communicate simply by thinking. The
Check Point Software Technologies Appoints New Regional Director for Africa:
Lorna Hardie Appointed to Lead Check Point Technology's Growth Across Africa Johannesburg, South Africa – November 20, 2024 – NASDAQ Listed, Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading cyber security platform provider, today formally announced the appointment of Lorna Hardie as Regional Director for Africa. In this role, Hardie will be responsible for
South African Consumer Inflation Hits Four Year low
October CPI Hits New Low Statistics South Africa released its latest consumer Inflation figures today (20 Nov) for the month of October, and indicated that South Africa's consumer price inflation (CPI), eased further in October to the lowest level in more than four years. The CPI figure of 2,8% was a further reduction of 100
PART 1: How businesses can proactivity combat the scourge of the construction mafia
Article By: Lionel van Tonder, Director, Inge Swanepoel, Consultant, Martin Versfeld, Partner, and Tyron Theessen, Partner, Webber Wentzel In 2023, we published an article titled Construction Mafia – Remedies and Prevention in which we sought to unpack what the “construction mafia” actually is and we observed that the term is a mischaracterisation of its nebulous
OASIS 1 Battery energy storage systems projects all achieve Financial Close
The three Oasis 1 battery energy storage systems (BESS) projects, led by EDF group in collaboration with Mulilo, Pele Green Energy and Gibb Crede, reached financial close in November 2024. Awarded in the first round of South Africa’s Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP), the projects are expected to be commissioned within
Levers to Unlock Africa’s Potential
Business Tech Africa talks to Andy Jury, Group CEO, Mukuru about how inclusion in financial products is a precursor to growing development in Africa Most economic analysts will tell you about the great untapped potential on the African continent, and it is equally abundantly clear that there are large underserved populations in Africa yet to
Breaking News today – Wednesday 20 November 2024
Business & Tech News Turkey Targets African Investments: Turkey aims to step up its bilateral trade with the African continent to $50 billion, nearly 10 times the 2003 figure of $5.4 billion, the country’s vice president announced on Tuesday. The trade volume between Türkiye and 54 African countries has grown to $37 billion from 2003
Uber Eats – Merchant Awards Announced
Johannesburg 19 November 2024 Uber Eats held its annual Merchant Awards at a swanky function at the Roof Restaurant this morning, where the top merchants were recognised for their customer service levels, their volume of orders and their delivery success metrics. Business Tech Africa took the opportunity to chat to Uber Eats’ Western Cape regional
Keeping Cool This Summer with TCL’s Air Conditioning Maintenance Tips
With summer around the corner and temperatures on the rise, TCL, a global leader in air conditioning and consumer electronics, offers essential tips to help homeowners keep their air conditioners running smoothly throughout the season. As South Africa prepares for warmer days, taking time for a few simple maintenance steps can ensure that TCL’s advanced
Breaking News today – Tuesday 19 November 2024
Business & Tech News Resolute Resolution for Release: Australian mining company, Resolute Mining, who had its senior managers detained 10-days ago, by the Junta run government, has said it will pay Mali's military government $160m (£126m) to settle an apparent tax dispute. Reports stated that Terry Holohan, CEO of resolute had been travelling in the
Ecentric wins Fintech Innovation Award
18 November 2024, Cape Town – Leading omnichannel payments provider Ecentric and its partners were awarded Fintech Innovation of the Year at the 2024 Africa Tech Festival for their ground-breaking, industry-led Wealth on Wheels (WOW) initiative that aims to revolutionise South Africa's minibus taxi industry. Launched at this year’s Southern African National Transport Conference (SATC)
MTN MoMo and EcoCash team up to offer effortless direct cash transfers between SA and Zimbabwe
For thousands of Zimbabweans living and working in South Africa, being able to share the cash fruits of their labour with loved ones at home is now easier than ever, thanks to the recently forged partnership between MTN MoMo and EcoCash, Zimbabwe's largest mobile money service. The partnership, which brings together the strength of MTN
WSP in Africa revolutionises digital engineering with Project Raptor
WSP, a leading global multidisciplinary professional firm, says its Team Project Raptor, which forms part of the Transport & Infrastructure (T&I) division, has completed groundbreaking work for South 32, a globally diversified mining and metals company. The project focused on a comprehensive upgrade of its manganese rail infrastructure in the Northern Cape and encompassed everything
African Tech Innovation of the Year Award 2024: Winners Announced
The winners of the Inaugural Tech Innovation of the Year awards, have just been released. With a focus on Tech Innovation and the promotion of the amazing innovations that the African continent is producing, Business Tech Africa has been enormously grateful to the companies that have shared their stories and their development journeys with us
Bolt hits €2 billion in annual revenue
Bolt Founder and CEO Markus Villig has announced the global shared mobility platform has hit €2BN (R36BN) in annual revenue. Speaking on 20VC, the technology podcast hosted by entrepreneur Harry Stebbings, Markus described Bolt’s rapid growth since he founded the company as a teenager in Estonia in 2013 with just a €5000 loan from his
Google announces the 2024 cohort of its Black Founders Programme
Google recently unveiled the 2024 cohort of its Google for Startups Accelerator Africa: Black Founders programme. Coinciding with the Africa Tech Festival, the selected startups were revealed at an event that took place in Cape Town. As a part of the cohort, the tech startups are set to receive up to R 1 million (over $50
Standard Bank and Soapbox join forces on the UN SDG challenge SA
Standard Bank Group and Soapbox proudly announce the successful conclusion of the UN SDG Challenge South Africa, an eight-week collaboration aimed at tackling one of the most pressing issues of our time: sustainability. The initiative aims to advance and foster sustainable practices within South Africa’s business sector, as the 2030 deadline for the UN Sustainable
Curbing the emergence of deep fake scams
The rapid emergence and development of Artificial Intelligence (AI)systems has become so prevalent a subject, it dominates discussions and dialogue across a broad spectrum of sectors that encompass the commercial value chain. Business Tech Africa spoke to Zaakir Mohamed and Mawande Nontela, of Investigations and Forensics, regarding their perspective on the challenges that AI is