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PPS launches "glu" – SA’s new Financial "Bestie"
The Professional Provident Society (PPS), today announced the launch of its new financial division, “glu”. The new glu, a new development in the mutual financial entity, has been developed to extend mutuality-driven benefits to a wider audience across South Africa, than their existing portfolio of graduate professionals. The history of mutual societies in South Africa,
How Ares-i is Transforming Retail Risk Management in South Africa with AI Innovation
Xpert Decision Systems’ (XDS) innovative AI-powered facial recognition software, Ares-i, which was launched in 2024, has since shown its capability in helping transform risk management within the retail sector. As businesses face mounting challenges in a volatile economic environment, Ares-i remains an essential tool for proactively identifying, assessing, and mitigating risks that threaten operational stability
The evolving role of CIOs in business transformation
As the technology landscape becomes increasingly data-driven and service-oriented, the Chief Information Officer (CIO) has emerged as a key player in fast-moving businesses. No longer confined to managing IT infrastructure, today’s CIOs are pivotal in shaping business strategy and enabling transformation. According to Werner Joubert, Commercial SYS Director (South Africa & SADC) at ASUS, the
Summer Energy Savings with TCL’s Smart Technology
Holiday season may be over but summer heat is not, TCL, a global leader in consumer electronics, offers energy-saving solutions that allow families to enjoy comfort and convenience while managing their energy costs. TCL’s smart air conditioners and appliances are designed with efficiency in mind, helping households stay comfortable throughout the holidays without overloading their
Microsoft Pledges to Skilling One Million People by 2026 in South Africa
Microsoft has made a bold commitment to driving AI skill development in South Africa, and believes that with its youthful population, rich diversity, and rapidly growing tech ecosystems, South Africa and Africa are uniquely positioned to innovate and lead in AI-driven solutions. This according to Lillian Barnard, President for Microsoft Africa, this will require the
Breaking News today – Thursday 23 January 2025
Business & Tech News LinkedIn – Latest in Data Disclosure Court Case LinkedIn is the latest Tech group finding itself on the wrong side of the law by allegedly disclosing the content of private messages on the business focused social media platform. Premium customers maintain that social media platform disclosed their private messages to third
South African Consumer Inflation at 4-Year Low in 2024 – Interest Rates Must Follow
The final average consumer inflation rate for South Africa for 2024 was released today indicating a 4,4% year average. This is the lowest annual inflation rate in four years. Annual average consumer inflation was at 3.3% for 2020 and at 4,1% in 2019 the only two years in the last ten that were lower than
Perspective on Agentic AI Application from ABSA’s CIO
Technologist and tech change expert, Johnson Idesoh, spoke with Businesstech Africa from Davos in Switzerland, where he is attending the World Economic Forum. Idesoh, an IT engineer by background, is currently the CIO at ABSA group with a working history over three decades that includes; Group CIO at Old Mutual, also at a UK company
OpenAI Teams Up with SoftBank and Oracle for Massive AI Data Centre Initiative in the U.S.
OpenAI has announced a ground-breaking collaboration with Japanese conglomerate SoftBank and technology giant Oracle, alongside other partners, to establish a series of state-of-the-art AI data centres across the United States. This ambitious venture, named the Stargate Project, is poised to revolutionize AI infrastructure development in the country. The Stargate Project will kick off with a
South African Coal Giant Thungela Names Moses Madondo as Incoming CEO
Thungela Resources, one of South Africa’s largest coal mining companies, has announced the appointment of Moses Madondo, the current head of De Beers’ Managed Operations, as its next Chief Executive Officer. Madondo will succeed July Ndlovu, who is set to retire in July 2025 upon reaching the company’s retirement age of 60. In a statement
Moroccan Startups Shine in 2024 with $70 Million in Funding
Moroccan startups concluded 2024 on a high note, raising an impressive $70 million and cementing the country’s reputation as one of Africa’s most dynamic and innovative ecosystems. This achievement positions Morocco as fifth among the continent’s leading startup hubs, according to the annual ‘Africa: The Big Deal’ report. A Snapshot of Africa’s Startup Ecosystem Rankings
Truecaller Brings Real-Time Caller ID to iOS
Popular caller ID app Truecaller has long left iPhone users at a disadvantage by not offering the caller information in real-time — a feature its Android users have enjoyed for some time. Today, that changes as the company is rolling out an update that brings real-time caller ID support to its iOS subscribers. According to
Breaking News today – Wednesday 22 January 2025
Business & Tech News Gold hits Two-Month High: Gold rose further in early trade this morning toward $2,750 per ounce, with a more than 1% gain from the previous session to reach its highest level since early November 2024. The yellow metal has been supported by a relatively softer US dollar and growing demand for
Mining Production and Mineral Sales for November
Mining activities in South Africa has seen a backwards trend that is now resulting in regular mining production decreased appearing on the statistics. The latest numbers for November 2024 that were released by Stats SA today, revealed a -0,9% year-on-year overall decrease for November 2024. Production Decrease Concern in Key Sectors By Category, the largest
FPG Technologies and Nutanix Forge a Path for Nigeria's Digital Economy
As Nigeria's digital economy experiences unprecedented growth, the demand for robust IT infrastructure and adherence to data sovereignty regulations has become paramount for businesses. FPG Technologies and Solutions, a premier system integrator with a strong foothold in cloud and cybersecurity, has partnered with Nutanix to deliver tailored, scalable, and secure infrastructure solutions to meet these
Student Loan Applications Surge at Standard Bank Amid Rising Tuition Fees
Standard Bank has reported a notable increase in student loan applications, particularly for postgraduate studies. The bank’s 2024 data reveals a significant rise in loan disbursements and double-digit growth in limit increases, reflecting the growing demand for financial support as tuition fees continue to climb annually. Tshiamo Molanda, Head of Youth and Mass Market Clients
SA young scientists compete at Taiwan International Science Fair
Innovative research projects by South African young scientists focused on AI-driven customer insights and sustainable plant propagation solutions, are currently on display at the Taiwan International Science Fair 2025. More than 600 young scientists from 27 countries worldwide are competing in the science fair, which will be held in Taipei from 18 to 25 January
IMF Projects Slight Global Growth Improvement Amid Rising Economic Uncertainty
The International Monetary Fund (IMF) has raised its global growth forecast for 2025, projecting an uptick of 0.1 percentage point. According to the IMF’s latest World Economic Outlook, global growth is expected to reach 3.3% this year and remain steady at that level through 2026. IMF Chief Economist Pierre-Olivier Gourinchas highlighted in a blog post
Breaking News today – Tuesday 21 January 2025
Business & Tech News Lithium Concentrator deal in Zimbabwe to go Ahead: Zimbabwe's state-owned Kuvimba Mining House is anticipating growth in the price for Lithium as it looks to close a deal with a consortium of Chinese investors for the construction of a lithium concentrator, first announced in July last year. The deal, expected to
Adebayo Ogunlesi Joins OpenAI’s Board of Directors
In a strategic move underscoring its commitment to global governance and innovation, OpenAI has appointed Nigerian investment leader Adebayo Ogunlesi to its Board of Directors. A globally recognized figure in finance and infrastructure, Ogunlesi’s appointment reflects OpenAI’s intent to broaden its reach and address the multifaceted challenges of artificial intelligence (AI) development. OpenAI has highlighted