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Competition Commission Urges Google to Compensate South African Media
The Competition Commission of South Africa recently released the highly anticipated provisional report of its media and digital platforms market inquiry (MDPMI), which was launched in September 2023. The inquiry, conducted under section 43b of the Competition Act, aims to identify features in the media and digital markets that may impede or distort competition, particularly
Businesses Must Adapt to Climate Change Risks, Experts Warn
Climate change is no longer a distant concern—it’s a present-day reality, and its effects are becoming increasingly apparent. In South Africa, the country’s weather patterns have shifted dramatically, exposing businesses to new risks and challenges. One of the most devastating reminders of these risks came in 2022 when KwaZulu-Natal (KZN) experienced catastrophic floods, resulting in
OceanX and OceanQuest Unveil Historic Deep-Sea Discoveries in Cape Town
The "Around Africa Expedition," launched on January 30, continues to make waves as OceanX and OceanQuest unveil a series of groundbreaking deep-sea discoveries during its historic stop in Cape Town. This marks the first time the state-of-the-art research vessel, OceanXplorer, has arrived in South Africa, docking at the V&A Waterfront Harbour, and offering the perfect
African Development Bank & Standard Bank Partner to Assist SME's
The African Development Bank Group (www.AfDB.org) and Standard Bank Group (SBG) signed a landmark financial agreement on Monday (24 Feb) to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa. Fund Aimed at Scaling Businesses The agreement includes a R3.6 billion investment in a social bond and a $200 million
African Rainbow Minerals Braces for Sharp Decline in Half-Year Headline Earnings
African Rainbow Minerals (ARM) has warned of a substantial drop in headline earnings for the first half of its 2025 financial year, as weaker commodity prices and rising costs weighed on its performance. The mining group, founded by billionaire businessman Patrice Motsepe, released a trading update on Tuesday, 26 February 2025, cautioning shareholders about an
The Importance of an Emergency Savings Fund: A Financial Lifeline
Life is unpredictable, and unexpected expenses can arise at any moment. Whether it’s a sudden medical bill, urgent car repairs, or job loss, having an emergency savings fund acts as a crucial financial safety net. Experts recommend saving enough to cover three to six months’ worth of essential expenses to cushion against unforeseen financial hardships.
South Africa's Tourism Sector Poised for Growth with Visa Reforms and Global Spotlight
In his recent State of the Nation Address (SONA), President Cyril Ramaphosa announced significant visa reforms designed to invigorate South Africa’s travel and tourism industry. Central to these changes is the implementation of the Electronic Travel Authorisation (ETA) system, a fully digitised visa application process aimed at enhancing efficiency and security for international visitors. Leveraging
Bidvest International Logistics Secures Seventh PMR Africa Diamond Arrow Award
Bidvest International Logistics (BIL) continues to solidify its position as a leader in South Africa’s logistics sector, securing the prestigious PMR Africa Diamond Arrow Award for an impressive seventh consecutive year. PMR Africa’s annual awards celebrate professional excellence across various industries, recognizing companies that set benchmarks in service delivery. Finalists are determined through industry surveys
The Rising Threat of Scams: How Every Generation is Affected
Scams have reached unprecedented levels in South Africa, posing a growing concern for people of all ages. The Southern African Fraud Prevention Service (SAFPS) reported a staggering 32% increase in fraud incidents in 2024 alone. While many assume that scams primarily target older individuals, recent trends show that younger generations are increasingly falling victim to
Breaking News today – Wednesday 25 February 2025
Business & Tech News DeBeers Diamond Deal Done: The Botswana's government, has signed off the long-expected diamond sales agreement with De Beers’ holding group, Anglo American. The deal was signed yesterday (25 Feb) and covers a 10-year diamonds sales period with a possible extension period of five more years included in the agreement. The state-owned,
BT and Equinix Expand Partnership to Enhance Global Digital Interconnectivity
BT and Equinix have announced an expansion of their strategic partnership, aimed at revolutionizing interconnectivity for multinational businesses. This initiative is designed to drive innovation and accelerate business outcomes by transforming the digital value chain. BT’s AI-ready Global Fabric network-as-a-service (NaaS) platform is now integrated into more than 30 Equinix data centres worldwide, with plans
Global VISA Spending Momentum Index Moving Upwards After Dip
The numbers don’t lie, or so the saying goes, and when you start analysing the depth of data that an international payment processor such as VISA owns it creates a fairly accurate picture of consumer spend patterns. Wayne Best, Chief economist at VISA, presented updated payment data in Cape Town today, that shows how, on
Departure from Digital Danger in Financial Transactions
Businesstech Africa is reporting live from the VISA CEMEA conference in Cape Town today (25 Feb) with a front row view of the payments landscape that is shaping a revolutionary future. The reality faced by the payments industry today, is that there is a large crime element that is constantly seeking to compromise payments, and
Aions Creative Technology expands its portfolio with Milli and Franc Investment
Venture builder Aions Creative Technology announced the addition of two innovative startups, Milli and Franc, to its investment portfolio, bringing the total number of investees to 11. This expansion underscores its commitment to fostering entrepreneurship that drives job creation and economic growth in South Africa. Driving financial inclusion with Franc Franc is a digital wealth platform
Breaking News today – Tuesday 25 February 2025
Business & Tech News Bank Replacing Humans with AI: The potential of widespread job-losses has again been highlighted in Singapore where Singapore's largest bank, DBS has announced that it expects to cut 4,000 jobs over the next three years, that will, in future be fulfilled by artificial intelligence (AI). The banking industry is not the
Power Outages Reveal Flaws in Sensibilities.
Against the backdrop of one of the worst years of economic growth in 2024 (only 0,4% growth), South Africa has just been plunged back into the dark days of load-shedding once more with a painful reminder of years passed when there were months and months with continuous power outages. While electricity rates have been hiked
Team Nexura Wins TCS Sustainathon™ South Africa with Innovative Cooling Solution
Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has announced the winners of the third annual South African edition of TCS Sustainathon™. This problem-solving competition encourages students to harness technology in tackling real-world sustainability challenges. Innovative Solutions for a Sustainable Future Team Nexura, comprising students from the University of
Choosing the Right Robotic Vacuum Cleaner: A Smart Investment for Your Home
Investing in smart home technology can simplify daily chores and enhance convenience, but without careful consideration, you may end up with a device that doesn’t meet your expectations. A robotic vacuum cleaner is a fantastic addition to any home, yet, as Bianca Leonard, Marketing Manager at lifestyle technology company Solenco, points out, not all robotic
Breaking News today – Monday 24 February 2025
Business & Tech News South African Electricity Outage Crises Returns: The South African power utility Eskom, has hit the news cycles again as the country was plunged into its worst power supply outage level – called Load-shedding, in over a year. Outages hit level six – the highest on the scale with areas experiencing over
Sinch Partners with Huge NXTGN to Transform South African Digital Services
Sinch (Sinch AB – XSTO: SINCH), a global leader in digital communication through its Customer Communications Cloud, is proud to provide real-time charging, policy control, and messaging solutions that have been pivotal in enabling Huge NXTGN to launch its innovative digital VNE platform. Huge NXTGN’s platform allows businesses in South Africa to offer value-added digital