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A basic guide to start investing – How to build wealth in Africa
Like most developing countries across the globe, a lot of countries in Africa are presenting a raft of exciting investment opportunities across a range of markets. To this end, new research from PwC projects that the value of traditional assets under management in 12 African markets peaked at around $1.098 trillion in 2020, up from a
Women in tech on the rise, but barriers persist
Despite concerted efforts to narrow the gender gap in Science, Technology, Engineering and Mathematics (STEM) education, major inequalities persist. According to UNESCO, women account for a mere 28% of those pursuing STEM careers in Sub-Saharan Africa, below the global average of 30%. On a positive note, South Africa is bucking the trend by producing more female
Tips for growing your career as a female founder
It has been a challenging year for all businesses, and with ongoing turbulence nationwide, it’s clear that the future will also involve challenges. Despite the setbacks, we’ve seen female business owners continuing to push our business community forward, champion women in the workplace, and so much more. I spoke with four inspirational women about starting
SAA starts flying — find out how much it will cost you to fly
South African Airways (SAA) will take to the skies again on 23 September 2021, operating flights from Johannesburg to Cape Town, Accra, Kinshasa, Harare, Lusaka, and Maputo. SAA acting CEO Thomas Kgokolo said they selected the routes where they have performed the best in the past to ensure they create a healthy cash flow. “Our
Land Bank seeks support for split to repay debt
South Africa’s largest lender to farmers is asking creditors to approve a split of its operations in two to help repay debt over the next five years and claw its way out of a default position. The state-owned Land & Agricultural Development Bank is proposing a reorganisation into a corporate and commercial business and a
Ten best airports in Africa 2021
Airports are a critical part of any country's economy. They are frequently the first impression that foreign nationals get when visiting a nation for the first time. As a result, every country has to ensure that their airport provides the best travel experience for all passengers and looks the part as it may be the
The importance of having multiple streams of income
Ithas been often stated that the best strategy for one to be successful is to have multiple streams of income and more people are now feeling the edge to expand their territory through their skills, experience or identifying a gap in the market to reach financial freedom. It is also very important to know that
Standard Bank launches LTE from R69 per month
Standard Bank launched fixed LTE broadband services for its clients on Wednesday, powered by the MTN network. “Fixed LTE allows for a data connection without the physical fibre infrastructure but still offers the benefit of a high-speed data connection,” said Lee Ramsden, the head of sales and distribution at Standard Bank Mobile. “It is important
Top 10 in-demand jobs in South Africa right now
It’s been almost 2 years since COVID hit South Africa and as a result majority of people were affected negatively as jobs and lives were lost. The South African government has identified jobs and skills that are in high demand across business sectors at a national level. As South Africa observes Workers’ Day on 1
Didi suspends plans for UK and Europe launch
Chinese Uber rival Didi Chuxing has reportedly suspended plans to launch in the UK and Europe, as the ride-hailing company faces pressure from authorities in its home market. The company’s plans to launch in the UK and Europe have been pushed back at least 12 months, and staff working on the launch have been told
Telkom launches eSIM support
Telkom Mobile launched eSIM support for its customers on Tuesday. For the launch phase, Telkom will only support eSIM enabled smartphones. eSIM is a digital Subscriber Identification Module (SIM) that is built into devices and cannot be removed. It will allow subscribers to activate a tariff plan from Telkom without having to use a physical
FNB warns consumers about new fraud modus operandi involving online merchant fraudsters
As Covid-19 continues to drive e-commerce activity, FNB is urging customers to use trusted and secure merchants to avoid being defrauded by merchant fraudsters when shopping online. Chris Labuschagne, CEO of FNB Card says in recent months, they have seen a rise in a new fraud modus operandi targeting unsuspecting online shoppers. The latest modus
Samsung on big spending spree
Samsung Group has unveiled a 240 trillion won ($205 billion) expansion that will entail hiring 40,000 people over three years, a sprawling investment blueprint intended to build the South Korean conglomerate’s lead in next-generation technologies. Samsung Electronics Co. and affiliates like Samsung Biologics aim to lead research and spending in areas from telecommunications and robotics
What you need to know about emergency tax relief measures offered by SARS
Towards the end of July, president Cyril Ramaphosa announced a series of emergency tax relief measures in response to the continuing Covid-19 pandemic and recent unrest, helping affected and tax compliant businesses recover and ensure livelihoods for employees. Further details of the proposed measures were provided by the minister of finance and the National Treasury.
MTN appoints new Simfy CEO
MTN Group announced the appointment of Burak Akinci as Chief Executive Officer of Simfy (ayoba), reporting to the MTN Group Chief Digital and Fintech Officer Serigne Dioum. Akinci will be responsible for the super app Ayoba and be based in Cape Town, MTN stated. Akinci joins MTN from Turkcell, where he was the CEO of
Woolworths SA CEO Zyda Rylands to take early retirement from top post
Zyda Rylands, CEO of Woolworths South Africa, is set to take early retirement from the post at the end of September, JSE-listed upmarket retailer Woolworths Holdings announced in a Sens statement on Monday. However, the group’s board has managed to convince her to stay on until 2024, back as head of the top-performing Woolworths Food
Standard Bank plans to become a digital ‘platform’ company
Standard Bank will within years transform into a marketplace where clients can also access rivals’ products and a variety of services beyond just banking, it said on Friday, targeting substantial growth in profitability and revenues by 2025. Standard Bank said it is aiming for a return on equity — a key measure of bank profitability —
Google is shutting down its Android Auto mobile app in favor of Google Assistant
Google has confirmed it’s shutting down the standalone “Android Auto for Phone Screens” app with Android 12. Instead, anyone who wants a driving-friendly interface for their Android phone should use the Google Assistant driving mode, which is available within Google Maps, or the native Android Auto interface available in select cars. “For those who use
Apple tried to poach search chief from Google
When Apple was looking to hire new management for its Siri and artificial intelligence groups, it went after a pair of high-profile targets: Google’s top brass overseeing search. Apple succeeded in attracting one of those executives, John Giannandrea, who had served as Google’s search and AI chief, bringing him on as head of Siri and machine
Asus launches powerful smartphone with 18GB RAM
Asus has updated its ROG gaming smartphones with a powerful new mobile processor and more RAM. The fifth generation of high-end Asus gaming phones consists of the ROG Phone 5S and 5S Pro. These boast Qualcomm’s new Snapdragon 888+ 5G chip, an upgraded version of the standard Snapdragon 888, which shipped in the ROG Phone 5. The Snapdragon