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Breaking News Today – Monday 24 March 2025
Business & Tech News Tencent Hunyuan launches official Deep-Thinking Model T1 The Partly South African Owned Chinese tech giant Tencent, has launched the official version of its T1 reasoning AI model T1. The new AI is a big step-up in competition in the frenetic and highly competitive AI market in China and globally. The upgraded
Motor Industry – SA a Tough Environment to Survive in
The latest manufacturing production stats released this month (for January 2025 Production), paint a worrying picture, with overall manufacturing down year-on-year by 3,3%, with the motor industry once more a major contributor to manufacturing in South Africa, down by -10%. There has been a string of recently made statements, by various motor manufacturers in the
Technology Innovation Agency (TIA) celebrates cleantech innovation in South Africa.
There is one thing Africa needs in quantity – New business developments that solve problems and grow the economy and jobs simultaneously. This week saw a demonstration of some of the outstanding such initiatives at the Global Cleantech Innovation (GCIP) awards, that took place on Thursday night (20 March) in Sandton, Johannesburg. The Technology Innovation
Google for Startups Accelerator Finalist Business Pitch 2024/25
Google for start-ups a global business accelerator program that has now had its inaugural regional program specifically for the South African start-up market. This year’s program received over 800 applications for the program in 2024. There were with 35 selected to go through the initial touchpoint session in Cape Town and a week long virtual accelerator
Breaking News today – Thursday 20 March 2025
Business & Tech News Controversial Coal Mining Development in Northern South Africa Breaks Ground: Ten new open-cast coal mines to be developed in the untouched Greater Soutpansberg Coalfield located in the far northern Vhembe District of Limpopo Province. The development is set to supply the Musina-Makhado Special Economic Zone (MMSEZ), a 60km2 China-South African state-backed steel manufacturing industrial
Cloud and AI Adoption Driving Rapid SaaS Growth
South Africa has been flooded by new Cloud investment announcements over the last two weeks, with both Microsoft and Google, announcing billion dollar investments in data center developments in South Africa. Today saw the official announcement from Google regarding their commitment to a $1 Billion investment in developing infrastructure around Cloud computing, with the added
Uber Safety – Tech and Human Interventions Improving Safety Standards
The E-hailing ride industry has grown into a US$1,380.069 million industry currently with a forecast to grown as big as US$3,084.741 million by 2030, according to a recent report by Knowledge Sourcing Intelligence. The South Africa e-hailing market is projected to grow at a CAGR of 17.45% over the forecast period, increasing from US$1,380.069 million
Breaking News today – Wednesday 19 March 2025
Business & Tech News Alphabet’s Wiz Purchase Confirmed: Alphabet has confirmed that it will acquire 100% of cyber security Start-up Wiz, for the handsome fee of $32 billion As reported yesterday on Business Tech Africa, Alphabet views Wiz’s cloud security products as fit for purpose for its Cloud customer base, with the added attraction of
Old Mutual Delivers Best Results in Five Years
In the latest financial results released today, the Old Mutual Group revealed double-digit growth of 14% in adjusted headline earnings, while adjusted headline earnings per share increased by 17%. This equates to the best profit produced by Old Mutual in five years with strong growth coming from their short-term insurance product sales, boosting the bottom
State of South African SME's – 2025 Report
The recently released, State of South African SME report, produced by Lula, paints a painful picture of the struggling SME sector within a stagnant economy. The data provided in the report indicates that SME business turn-over fell by a shocking 50% over the 2024 year, reflecting an economy that is in pain and a wider
Breaking News today – Tuesday 18 March 2025
Business & Tech News Intel – Big Changes Likely Under new CEO: Intel’s new CEO Lip-Bu Tan, who will start in his new role at Intel today, is set to get right to work to turn around the struggling tech group. The semiconductor giant’s new executive is considering sweeping changes for the company’s chip manufacturing and AI strategies, according to
Kenny Fihla to Leave Standard Bank For ABSA CEO Position
In a sudden shock announcement last night, Kenny Fihla, Standard Bank's Deputy Chief Executive and Chief Executive of SBSA, has resigned to take up a post of CEO at competitor ABSA bank. According to a statement released by Standard Bank's Group CEO, Sim Tshabalala this morning, Fihla, tendered his resignation last night and that he
Breaking News today – Monday 17 March 2025
Business & Tech News Gold Boosted by Uncertainties: Gold has been trading around the $2,990 per ounce mark this morning, hovering close to the $3000 mark it hit briefly last Friday. The ongoing boost in gold price is supported by strong safe-haven demand. Fresh geopolitical risks bolstered the yellow bullion prices after the U.S. stated
Search About to Change – Google Search Dominance Disrupted
The judgment against Google, issued by the United States District Court for the District of Columbia, focuses on Google's monopolistic practices in the general search services and general search text advertising markets. Google currently controls almost 90% of the global search traffic with the closest competitor, Bing having only a 7,2% market share, with
Business Tech Business Chat with Andrew Bourne of Zoho
In today's dynamic and ultra-competitive landscape, African enterprises, especially SMEs, face significant challenges in achieving operational efficiency and expanding their market reach. Accessible and user-friendly technology can however be a powerful game changer, even for smaller businesses and a big catalyst in growth and effecting meaningful operational efficiencies. Business Tech Africa invited Andrew Bourne to
Women in Franchising Africa – Inaugural Breakfast – Inspiring Women
This morning (14 March 2025) saw the official launch of Women in Franchising or WIFA, at its inaugural Breakfast meeting in Sandton Johannesburg. Speaking at the launch, was the founder of the WIFA organisation, Akhona Qengqe, who said that the ground-breaking association would be looking to build meaningful inclusion and participation for women in franchises
Breaking News today – Friday 14 March 2025
Business & Tech News Gold Breaks Through $3000 level Hits New All-Time-High: In a positive sign for African Gold producing nations, Gold climbed above $3000 per ounce briefly on Friday, hitting a fresh all-time-high price level. While it has subsequently dropped to around the $2990 level it looks to be testing the $3,000 mark. The
Melon Business – Making Moves in the MVNO Market
Business Tech Africa' Editor chatted to Marius van Rensburg, CEO of Melon Business, about the evolving Mobile Virtual Network Operator (MVNO) space in South Africa. Melon Business has been experiencing double digit growth numbers monthly and anticipates that the MVNO market will expand rapidly over the next few years based on improved service levels, innovative
Namibia – Fourth Consecutive Year of GDP Growth
Introduction With the South African Budget Speech by Finance Minister Enoch Godongwana, indicating that there is a dire need to find ways to rapidly grow the economy in one of Africa's largest economies, It may be of interest to look at the successes of other countries around South Africa and see what can be learned.
Post Budget Speech – Podcast – Small Businesses Ignored
Business Tech Africa invited Garth Rossiter, Chief Risk Officer at Lula, and Thomas McKinnon, Chief Growth Officer at Lula to dissect the implications and impact of the budget, presented in parliament today by Finance Minister Enoch Godongwana. Listen to The Podcast Here: Key Quotes: Garth Rossiter: “One of the big reasons for the increase is