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Unleashing the Potential of Edge Computing: Navigating Adoption, Challenges, and Opportunities in South Africa
We live today in a world that is hyper-connected, where data has become of utmost importance. The sheer volume of data generated and processed is, simply put, staggering. This has brought about a need for real-time processing and analytics, making it imperative for businesses worldwide. With the potential to reshape industries and redefine computing strategies,
Absa forecast slightly stronger near-term growth to reflect the economy’s growing resilience against the ongoing electricity supply challenge
In the report, Absa upwardly revised its near-term GDP growth forecasts. The group now forecast real GDP growth of 0.7% in 2023 (0.4pp higher than in the last Quarterly Perspectives) and 1.6% in 2024 (0.3pp higher). Despite the sharp escalation in load shedding, economic activity in H1 23 was healthier than it expected. Electricity supply
Absa and Women in Tech Africa join forces to empower and celebrate the positive strides that women have made in technology industry
Absa has collaborated with Women in Tech (WiT) to help shine a light on remarkable women from Africa who innovate, inspire and transform the technology industry. This joint effort culminates in the upcoming Women in Tech Africa Awards taking place on Thursday, 5 October 2023, in Cape Town. The awards programme aims to empower and
Duncan Pieterse Emerged as Frontrunner For Treasury Director-General Position
Economist Duncan Pieterse has emerged as the frontrunner for the Treasury director-general position. Pieterse has been reported as the preferred candidate for the position, however, the cabinet still needs to approve the appointment and go through security clearance. He is expected to take over from Ismail Momoniat, who was acting in the director-general role after
MTN Uganda Reports 18% Growth in Profit
MTN Uganda reported an 18.1% growth in its half-year tax profit, as sales and mobile money surged high boosting the telecommunication giant. With South Africa repotting $90.29 million for its first six months of the year. According to CEO Sylvia Mulinge, MTN Uganda’s profit growth was due to "encouraging performance in voice and a resilient
South Africa will Keep Using China’s Huawei Technology
The nation’s ambassador to the five-nation BRICS bloc said, South Africa said it won’t bend to US pressure to stop using Huawei Technologies in its networks. The concerns around the world about the Asian nation using Huawei in telecommunications networks to spy or sabotage systems. “There was tremendous pressure on us from the US to
FNB plans to equip 100 of its branches in South Africa with solar power
FNB is accelerating its commitment to environmental sustainability and operational resilience by installing solar power systems in 100 of its branches across the country. This initiative aims to improve uninterrupted access to services offered in its branches during times of load shedding while mitigating the environmental impact of its operations. The project will commence with
Organised labour in Nigeria called off their strike yesterday after meeting President Tinubu
Organised labour yesterday suspended their planned protest following President’s Tinubu promise to fix national refineries. Labour will now return to the negotiating table with the federal government to discuss palliative measures for Nigerians following the removal of the fuel subsidy. Tinubu met with labour yesterday and gave his commitment that refineries will start production by
Private sector business conditions continued to expand at varied pace across several SSA markets
Private sector conditions across several SSA markets continued to expand, albeit at varied pace. Leading the pack once again was Uganda, where conditions continued to expand at a solid pace during July, albeit slower than in the preceding month. The PMI for Uganda came in at 53.6 versus 56.4 in June. Output and new sales orders
AARTO Act expected to improve driver behaviour
The Administrative Adjudication of Road Traffic Offences (AARTO) Act is expected to play a role in changing the behaviour of South Africa’s road users for the better. Spokesperson of the Road Traffic Infringement Agency (RTIA) Monde Mkalipi said, “More than 12 000 road users perish on our roads annually. AARTO will play a critical role in
South Africa’s Business Activity Take a Dip Again In July
According to a survey shown on Thursday, business activity took a dip for the fifth month in July. The S&P Global South Africa Purchasing Managers’ Index (PMI) dropped to 48.2 in July from 48.7 in June. With rising prices and weak business confidence weighed on demand including weak currency and faltering economy, while the rate of inflation
New Smartphone Tap-and-Go Banking Scam in South Africa
The Ombudsman for Banking Services (OBSSA) has warned South Africa of new banking scams that make criminals easy to make fraudulent purchases via digital wallets. The OBSSA marked an increase in fraud cases involving near-field communication (NFC) technology that allows customers to pay using Tap-and-go or contactless payments – such as tapping your card or
MTN To Offer Disney+ Mobile plan for R49/Month
South Africa’s telecommunications giant MTN has partnered with Walt Disney Co to launch a new mobile plan. The telecom will offer its mobile customers the Disney+ streaming service including 500MB of free streaming data for R49 per month. MTN said its customers will also be able to get the streaming data allocation increased to 2GB
Future Skills Like AI Needed To develop BRICS Countries
Speaking in Gqeberha, Eastern Cape where he was delivering the closing remarks at the BRICS YSF, Higher Education, Science and Innovation Deputy Minister, Buti Manamela, says a sharp focus on artificial intelligence, machine learning and future skills is needed to enhance the objectives of the Young Scientist Forum (YSF). “Further to this, we also believe
South Africa’s Aviation Safety Standards Announced As Exceptional
South Africa has been recognised for its aviation safety standards, rating amongst the highest in the world and the highest in the continent. The Department of Transport said South Africa received an award from the African Civil Aviation Commission (AFCAC) for its exceptional preliminary International Civil Aviation Organization (ICAO) audit results. The preliminary results of
Over Half of Participants in 12-Week Vaping Trial Quit Smoking
Over half of the participants in a three-month trial in which smokers tried vaping as a way of either stopping or reducing smoking successfully gave up cigarettes. Of those who continued to smoke while also vaping, 79% reduced their cigarette consumption. These were just some of the notable results of a challenge dubbed ‘Mzansi Make
SABC Plans To Go International
The Department of Communication and Digital Technologies submitted a proposal that has the potential to put South African Broadcasting Corporation (SABC) in the international satellite TV and digital services space. According to Business Tech report, The proposals are contained in the department’s draft white paper on Audio and Audiovisual Media Services and Online Content Safety. The
Apple iPhone sales likely to take a dip in April-June quarter
Apple is likely to see a dip in iPhone sales in the April-June quarter as customers held out on buying available iPhones in favour of a new model making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. according to Refinitiv, the company will wrap up
South Africans Still Prefer Cash Despite Growth in Banking Sector
South Africa is one of the countries with a growing banking sector. The country is the largest in the African continent. In 2021, the combined 1 capital of the sector reached over $34.4 billion. With the top five banks in the country were amongst the ten largest African banks in terms of asset value in
Artificial Intelligence Boosts AMD With High Expectations
The second largest maker of PC processors AMD revenue tops $5.4 billion for the second quarter of 2023, slightly higher than analysts predicted and its own guidance for the quarter. The company’s revenue went down by 18% compared to last year’s send quarter revenue. The company said it continues to ride the wave of artificial