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Retailers could make approximately R7 billion on Black Friday
According to data from the Bureau of Market Research (BMR), retailers could anticipate a substantial increase of approximately R7 billion. Last year, online sales constituted 15% of total sales, and this year, a considerable portion of sales is expected to occur online, as per the BMR's findings. A study conducted by the BMR on behalf
Building infrastructure that allows the remote office to thrive
Security, flexibility, scale and accessibility are key success metrics for organizations looking to gain competitive ground and market share in the modern market, says Joe Assad – Technical Engagement Lead: Cloud Infrastructure at Altron Karabina. Businesses are undergoing a transformation in their operational approaches, notably evident in the increasing adoption of remote and hybrid work
Investing in a best-practice cybersecurity playbook is essential for all businesses writes Richard Frost, Head of Consulting: Cybersecurity at Armata
The notion of facing a crisis and implementing effective management strategies is a familiar challenge for any business leader. Unforeseen events can impact the business, leading to consequences such as revenue loss, reputation damage, and compliance inquiries. It's undeniable that proactively preventing a crisis and having a meticulously crafted playbook for crisis response puts a
The Fraud, Waste and Abuse Indaba: R30 billion is lost to fraud
The Fraud, Waste and Abuse Indaba hosted by the Board of Healthcare Founders was held at the Houghton Hotel yesterday. The event saw prestigious attendees coming together to understand and unpack challenges that the health sector finds itself drenched in. The impending need for collaboration in the sector was mentioned as one of the pivotal
Telviva Unveils Telviva Talk: Breaking Barriers to Enterprise-Level PBX and UC&C for Businesses of All Sizes Amidst the Digital Transformation Era
Amidst of the transformative wave of cloud computing’s ability to fast-track businesses’ digital transformation journeys by reducing costs and driving competitiveness, Telviva has announced the release of its Telviva Talk bundled package which operates off the Telviva One interface and smartphones. The move, it says, levels the playing field by bringing enterprise-level unified communications and
Revolutionizing Connectivity: Vodacom Pioneers Direct-to-Mobile Satellite
Vodacom believes direct-to-mobile will enhance their satellite connectivity by expanding rural access. Chief Technology Officer, Dejan Kastelic called universal mobile coverage via satellite a potential "game-changer," enabling 100% regional reach. “With partnerships between Vodacom and the satellite providers, we can provide 100% coverage. So, satellite can play a big role in the transformation of Africa
Nigeria's Central Bank Sparks Controversy by Postponing Key Interest Rate Meeting Amid Soaring Inflation
Nigeria's Central Bank has once again delayed a crucial Monetary Policy Committee (MPC) meeting to decide on interest rates, coinciding with a surge in headline inflation to an 18-year high of 27% in October, according to data from the country's Bureau of Statistics. Initially scheduled for Monday and Tuesday, the MPC meeting has been abruptly
Zambia Declares Implementation Halt for International Bond Deal
Zambia has suffered a major setback in long-running efforts to restructure $3 billion of debt after failing to reach agreement with official creditors like China under the G20 Common Framework. Zambia announced a revised bondholder deal approved by the IMF still failed to achieve comparable relief terms from bilateral lenders. Creditors objected the deal would
Dynamic Shifts in AI Leadership: Sam Altman Joins Microsoft as OpenAI Names Its Third CEO in 3 Days
Disarray has swept through the forefront of the AI sector as OpenAI experienced the swift removal and subsequent reinstatement of CEO Sam Altman. In a matter of days, the board expressed remorse and committed to restoring unity within the company. Notably, Altman has swiftly assumed a new role, spearheading an advanced AI team under the
Hyundai cars to be sold on Amazon from next year
Amazon's ever-expanding online store may soon offer an unexpected big-ticket item alongside its array of oddities – brand new vehicles. While South Africans can't purchase cars on Amazon yet, a new Hyundai partnership will allow Americans to buy directly on the platform starting next year. Under the collaboration, Hyundai becomes the first automaker enabled for
AI & the law in South Africa: How legal students & practitioners can embrace new tech
AI and Chatbots are starting to make real inroads into the daily lives of South African law practitioners and students, mirroring the way their global peers are embracing the opportunities provided by this advancement. However, legal professionals must take care to ensure they use AI as a complementary and augmentation tool, not a replacement for
South Africa to see the launch of Ford’s new SUV Territory
Ford is set to launch the new Ford Territory SUV locally in the second quarter of 2024 after a 15-year absence, as part of its major R5.2 billion South Africa investment. The new SUV is expected to compete with models such as the Hyundai Tucson, Kia Sportage, Mazda CX-5, Nissan X-Trail, Toyota RAV4, and VW
The road to ending load shedding is still far
South Africa will likely prioritize resolving its energy crisis over climate goals, risking reduced funding and export competitiveness, says industry body chief James Mackay. Ending rolling blackouts plaguing the economy may require extending coal power, undermining decarbonization aims. But energy security is viewed as critical for growth. The fastest fix is upgrading creaky coal plants,
Retailers diversify to get a slice of the R60.4 billion Black Friday and festive season bonanza
South African retailers are expected to adopt diversification strategies such as adding new product lines and new service offerings to win a bigger share of an expected R60.4 billion in retail spending over November and December. This Black Friday and festive season consumer spending spree will enable retailers to make up some of the financial
Despite climate concerns, just 14% of companies reduced carbon emissions in line with ambitions over the past five years
As climate-related disasters intensify in frequency and severity, so does the economic impact on communities and businesses. Despite a responsibility to mitigate the crisis with emissions reductions in their operations and supply chains, companies have not made much progress in comprehensively measuring and reducing their emissions over the past year, according to a new study
Is your WiFi secure? Here’s why it needs to be
By Craig Blignaut, Product Manager: WiFi at Vox We all know that public WiFi networks are less secure because you have no idea who else is using them or who set them up. But how secure is your home WiFi network? Have you taken the time to check that the necessary security protocols are in
Interest Rate Developments expected next week
The South African Reserve Bank (SARB) is poised to emulate the approach of the US Federal Reserve by maintaining current interest rates during its upcoming meeting. Scheduled for next Thursday, 23 November, the SARB's Monetary Policy Committee (MPC) will deliberate on interest rates, with the prevailing repo rate standing at 8.25%. Against a backdrop of
Standard Chartered Bank fined R43 million for rand manipulation
South Africa's competition regulator has reached a settlement with Standard Chartered Bank over allegations it colluded to manipulate the rand currency. The Competition Commission said Standard Chartered admitted liability and agreed to pay a fine of around R43 million ($2.3 million) to resolve the case. Standard Chartered is one of 28 banks accused of coordinating
Continued growth of Africa’s FinTechs can unlock greater economic prosperity
Africa is one of the fastest growing FinTech markets with revenue forecasted to grow 13 fold to $65-billion by 2030. In addition to the revenue opportunity, FinTechs play an important role in developing the region’s economy and improving the lives of African people by revolutionising the financial sector. New FinTech platforms have played a critical
Revolutionising Africa’s smallholder farming communities through technology
Jehiel Oliver, founder and CEO of Hello Tractor, recently discussed the convergence of African traditions, technology, and agriculture. Addressing the continent’s potential as well as its challenges, Oliver presents a refreshing vision for the future of farming. Technology is becoming pivotal in Africa's agricultural domain, with smallholder farming systems needing a tech-driven approach for optimisation.