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Swift Plans New System to Link Digital Currencies with Banking
Global bank messaging network Swift is getting ready to launch a new platform in the next one to two years. This platform will connect the growing number of central bank digital currencies (CBDCs) being developed with the current financial system. This move is significant because Swift plays a crucial role in global banking. It will
Telkom Kenya Loses Customers Due to Tower Dispute
Telkom Kenya, which is the third biggest phone company in the country, has faced a big problem recently. They lost around 800,000 people who use their service in the last three months. This happened because another company, American Towers Corporation (ATC), turned off Telkom's towers. They did this because Telkom had not paid the money
Commercial Bank of Ethiopia Works to Recover $40 Million After Technical Glitch
Ethiopia's Commercial Bank is currently in the midst of a significant endeavour to reclaim over $40 million following a technical mishap that permitted customers to withdraw more funds than they possessed in their accounts. The incident, which led to extensive queues at ATMs throughout Ethiopia, was first uncovered at the Commercial Bank of Ethiopia, as
Sony Group Exhibits at the World’s Largest International Conference on Accessibility
Sony Group ("Sony") announced that it will have an exhibit at the world’s largest international conference on accessibility, the “CSUN Assistive Technology Conference 2024” March 18 to 22 in Anaheim, California. Based on its Purpose, to "fill the world with emotion, through the power of creativity and technology," Sony aims to help build an inclusive
Pension funds and emigration: Tax could be the make-or-break factor
Investing in an offshore retirement fund is one way of growing your wealth in a stable economy over the longer term, or even gaining residency in a foreign country. However, for South Africans, this scenario presents as many challenges as it does opportunities and should only be considered after consulting with a financial adviser and
New IT Risk regulations for SA Financial Sector in 2024
South Africa’s financial services companies, including insurers, have until 15 November 2024 to comply with the requirements of the new Joint Standard for IT Governance and Risk Management, issued by the Financial Sector Conduct Authority and the Prudential Authority. This latest amendment to the Financial Sector Regulation Act, 2017 aims to update the minimum requirements
Managing data governance in the era of AI
As artificial intelligence (AI) continues to play a growing role in business operations, PBT Group delves into the significance of data governance in guaranteeing the ethical and efficient utilization of this technology. Petrus Keyter, a Data Governance Consultant at PBT Group, along with Willem Conradie, the company's Chief Technology Officer, provide their perspectives on the
MTN South Africa Spent Big to Fight Power Cuts and Boost Network
The telecommunications company, MTN has revealed that it spent a lot of money in 2023 to make its network better. The CEO, Ralph Mupita, told reporters that they used R2.5 billion to make sure the network doesn't stop working when there are power cuts. MTN recently shared its financial results for 2023. They said they
Spotify Offering Online Courses for Learning
Spotify, the music streaming and podcasts platform, is now adding something new to its platform: online courses. These courses, called Spotify Courses, are like videos you can watch to learn different things. They're starting with a test in the U.K. to see how people like them. Spotify's online courses are made with help from other
BYD Launches Aggressive Price War to Dominate China's Electric Vehicle Market
BYD Co., the renowned Chinese electric vehicle (EV) manufacturer, is not content with merely surpassing Tesla Inc. as the world's leading electric car maker. In a bold move, BYD has initiated an aggressive price war, aiming to lure customers away from established giants like Toyota Motor Corp. and Volkswagen AG in China's fiercely competitive automotive
China Implements Guidelines to Remove US Microprocessors and Software
In a move showing a significant shift in procurement practices, China has unveiled guidelines aimed at phasing out US microprocessors produced by Intel and AMD from government PCs and servers. Additionally, the guidelines seek to sideliner Microsoft's Windows operating system and foreign-made database software in favour of domestic alternatives, as reported by the Financial Times
Stability AI Undergoes Leadership Shift as CEO resigns
Emad Mostaque, the founder and CEO of Stability AI, a prominent player in the AI startup realm, has made a significant decision to step down from his leadership position and vacate the company's board. This move marks a pivotal moment for the unicorn startup and adds to a series of major changes unfolding within the
MTN Group Achieves Remarkable Fintech Growth
In a significant milestone for the telecom giant, MTN Group has reported a substantial surge in fintech transaction volumes, marking a notable expansion in its financial operations. The company revealed that its latest financial year saw a remarkable increase, with transaction volumes soaring by a third. This development comes hand in hand with the closure
Vision Neue Klasse X: BMW Unveils Next-Generation Electric SUV Concept
BMW has raised the curtains on its latest concept vehicle, the Vision Neue Klasse X, signaling a bold move into the electric vehicle (EV) market. The company aims to not only enhance profitability but also to capture the attention of EV enthusiasts currently drawn to competitors like Tesla and Mercedes-Benz. Oliver Zipse, Chairman of the
Windows 11 Update Introduces Spellcheck and Autocorrect Features to Notepad
In a move aimed at enhancing user experience and functionality, Microsoft has rolled out a significant update for Notepad as part of Windows 11 version 11.2402.18.0. With this update, Notepad users can now enjoy spellcheck and autocorrect capabilities, bringing the humble text editor more in line with fully-featured word processors like Microsoft Word and Google
Infinix Unveils Highly Anticipated Note 40 Series in Nigeria
Infinix, the leading smartphone manufacturer, has made waves in Nigeria with the grand launch of its eagerly awaited Infinix Note 40 Series. Teaming up with the streaming giant Showmax, the launch event took place at the prestigious Lagos Marriot Hotel, gathering a distinguished audience including Infinix executives, Showmax representatives, and renowned brand ambassadors such as
Egyptian Government Raises Fuel Prices
The Egyptian government's decision to increase fuel prices on Friday is expected to compound inflationary challenges for the populace already grappling with economic strains. Announced on the Cabinet's official Facebook page, the new fuel prices took effect on Friday morning. Diesel, a crucial fuel for both transportation and goods movement, saw a hike from 8.5
Understanding the real cost of owning a car
Getting your first car is thrilling! But it's also a big financial step that needs careful consideration. You've got to know all the costs involved before diving in. Sometimes, picking a car that fits your budget, rather than the one you dream about, shows you're financially responsible. A good rule of thumb is not to
Empowering sustainable communities beyond the life of a mine
Mining operations can have far-reaching impacts on society, including contributing to the economic growth of a country, creating employment and education opportunities, and developing industries. The importance of the sector to South Africa's economic landscape is evident in recent statistics from the Minerals Council revealed at the 2024 Mining Indaba. Mining contributes roughly 7.5% of
Gebeya Partners with O'Reilly to Boost Tech Skills in Africa
The leading Pan-African technology company, Gebeya has embarked on a transformative partnership with O'Reilly, a renowned American learning company, aimed at upskilling Africans in the technology sector. Alexia Pedersen, Senior Vice President International at O’Reilly, expressed enthusiasm about the collaboration, stating, "We are excited to announce our partnership with Gebeya for this impactful initiative aimed