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Scammers turn to phone calls as banks clamp down on fraud
The banking industry has noted an increase in clients who have been duped by fraudsters posing as bank officials, tax officials or investment companies. In response, Standard Bank has now invested in new technology to caution and protect vulnerable consumers. Data from the South African Banking Risk Information Centre (Sabric) shows that vishing (where scammers
Uncertainty rises as the local agriculture sector faces increased risks
In recent years, the global agriculture industry has faced significant supply chain challenges. From geopolitical upheavals to the far-reaching impacts of the climate crisis, maintaining stability has become a hard task. South Africa has not been immune to these hurdles – with the added pressure of having to navigate a number of unique challenges such as loadshedding and infrastructure limitations. These disruptions have driven up costs
Harnessing the power of financial skills
By Carmen Field, co-founder and director at Finance Studio, a Xero Partner As we celebrate South Africa’s Women’s Month in South Africa this August, it’s a good time to shine a spotlight on an often overlooked aspect of women’s empowerment: financial skills development. In my career journey, I’ve seen first-hand how understanding the language of
How African Women are Redefining Entrepreneurship and Building a Brighter Future
The statistics are compelling: Africa has the highest proportion of female entrepreneurs globally, and the numbers in South Africa are a testament to this dynamic change. The entrepreneurship rate for women on the continent has increased to 25.9%, with 1 in 4 women running their own businesses. Africa's high number of women entrepreneurs is deeply rooted in economic necessity,
Breaking News today – 20 August 2024
Business & Tech News Central Bank Reopens: Libya's central bank has resumed operations following the release of a bank official who had been abducted from his home on Sunday. CBL confirmed the release of Musaab Muslamm, head of the bank's information technology department, who was taken by an "unidentified party." It said Mr Msallem had
2025 Proton X70 Revealed With New Design
The 2025 New Proton X70 shows the next evolution in Proton’s SUV line-up, which comes with advanced technology, a redesign, and enhanced performance. The new 2025 X70 will be available in four models, rather than six like its previous sibling cars. The available models are Standard, Executive, Executive AWD and Premium. The X70 has gone
GWM Launches Tank 500 Hybrid SUV in South Africa
Great Wall Motor (GWM), has officially launched its GWM Tank 500 in South Africa, pushing the profile of this Chinese model to new heights. GWM South Africa is introducing the all-new Tank 500 Hybrid SUV which comes with elegance, advanced technology, and off-road capabilities for drivers who are adventurous. The Tank is a 3-rom SUV
Black Forest Labs Launches New Text-to-Image AI Model FLUX.1
Black Forest Labs, a company based in Germany has announced the launch of its first text-to-image AI models, named FLUX.1. FLUX .1 launched on the 1st of August and is now available in three versions which are the Pro, Dev, and the Schnell. The Pro version is designed for commercial use which offers high end
Watch: New World Wind Tree that Generates Clean Electricity
New World Wind, a French company, has introduced the Aeroleaf wind tree which is a new form of sustainable energy, resembling wind and solar systems. This new technology aims to surpass traditional solar panels, which may be considered unattractive and less effective in urban and rural environments. The Aeroleaf wind tree is the first of
Business School – The Power of Inversion Thinking:
First of all, what is inversion thinking? It’s a problem-solving technique where you tackle problems backward. Instead of focusing on success, you identify what leads to failure and avoid those actions. This leads to a faster & easier decision-making process. The Stoics had an exercise called “premeditatio malorum” that applied this model The goal was
Polymarket Partners with AI Search Engine Perplexity
Polymarket, the well-known prediction marketplace, has officially announced new partnering with AI powered search engine, Perplexity. The partnership of Polymarket predictive capability with Perplexity’s advanced information news summarization, offers users up-to-date, precise information, as well as data-driven approach to navigating through markets. Polymarket plans on using Perplexity’s Pages feature to create interactive columns, that will
Mercedes-Benz Introduces New eSprinter in South Africa
The German automaker Mercedes-Benz have reached a milestone with the new electric van in South Africa as the latest eSprinter combines Mercedes-Benz edge-zero-emission technology with flexibility that the Sprinter is known for. The eSprinter features a tri-modular design that includes a front module housing high-voltage components, an underbody battery module and a rear module containing
TikTok Adds Group Chats Allowing 32 Users
It is known that social media users spend most of their time on TikTok, and now the app is giving user’s more reasons to stay on the app with its latest updates. TikTok announced on Monday (12th of August) that there will be two updates for direct messaging on its platform, adding group chats and
Automobili Pininfarina Unveils Exclusive B95 Gotham
Automobili Pininfarina, in partnership with Warner Bros. Discovery Global Consumer Products (WBDGCP) and Relevance International, has introduced the Pininfarina B95 Gotham hyper car. This new model joins the company's portfolio, where it will be with the B95 Dark Knight, Battista Gotham, and Battista Dark Knight limited editions. The Gotham-spec B95 features a dark metallic grey
China Invests in Botswana's Renewable Energy
China, a leader in renewable energy investment, is passing on its knowledge and resources to help Botswana achieve its renewable energy targets. A group of Chinese companies, led by China Harbour Engineering Co., has won a contract to build a 100-megawatt (MW) solar plant in Botswana. This development is part of China's commitment to clean
South African Economy and the Way Forward
The South African economy has been moving in reverse for some time now with The economy contracting by 0,1% in the first quarter of 2024, dragged lower by manufacturing, mining and construction and simultaneously, inflation running at 5,2%. The result is a staggering and stalling economy. While there are some positive indicators, with fuel prices
Waza Wins Expansion Funding
Waza CEO Maxwell Obi & CTO Emmanuel Igbodudu Waza, is a payment and liquidity service Fin-tech platform that has recently raised $8 million in seed money, claims to make it easier for African businesses and traders to manage and pay their suppliers globally. The company is targeting a large $7 trillion payment market that has the potential of
MTN South Africa Boosts MoMo Cashback for Airtime and Bundle Purchases
In response to the increasing financial pressure faced by consumers, MTN South Africa is providing its customers with a significant enhancement to its Mobile Money (MoMo) cashback offer. From 1 August 2024 until January 31, 2025, registered MoMo self-service channel users will receive ten times the usual cashback on the purchase of any of the
Are your data and applications safer in the cloud than on-premise?
Cloud computing is now the standard by which every enterprise IT infrastructure is judged. According to the Africa Cloud Business Survey 2023 from PwC, 50% of companies have already adopted cloud technologies, with 61% planning to migrate all their operations to the cloud within the next two years. Interestingly, 40% of companies are focusing on
Veeam Software Positioned as a Leader in 2024 Gartner Magic Quadrant for Enterprise Backup
Veeam® Software, a prominent leader in Data Resilience, has once again been recognized by Gartner, Inc., securing a spot in the Leaders quadrant of the 2024 Magic Quadrant for Enterprise Backup and Recovery Solutions. This marks the eighth consecutive year that Veeam has earned this distinguished recognition, and the fifth straight year that the company