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Open Banking: Why Businesses are Leading the Charge
Open banking and open finance are buzzwords in the financial sector that have been sparking curiosity. They are frameworks that allow authorised third-party providers (companies or services that offer financial products/services to consumers) to access financial data from banks and other institutions via secure application programming interfaces (APIs). In simpler terms, it's like having a universal remote
Enhancing corporate training
With technological advancements rapidly changing the face of work and employees having to acquire essential new skills, the need for corporate training has never been greater. The results of a 2023 survey by global professional services network Deloitte found that 56% of South African respondents said between half and their entire workforce complement would be
Ethiopia breaking the start-up gap
In Ethiopia, start-ups are the push factors that help the economy have a bright future. These innovative solutions are the representation of a new era, driving growth, creating jobs, and seizing opportunities for better developments. The rise of a dynamic start-up environment symbolizes a move towards a mind-set focused on entrepreneurship, where ideas are encouraged
Namibia: New era in the green hydrogen industry
Namibia has advanced in creating a new digital tool for the green sector, showing that the country values the environmental stability. This is called Namibia Sustainable Supplier Database, and it was created in partnership with the World Economic Forum. This proves that the stakeholders participate with the management of the environmental sector, and it has
EGPYT PUSHING THEIR AGRIBUSINESS TO BENEFIT THE COUNTRY
It is well known within the country of Egypt that agriculture is one of the driving forces that contributes to the economy. It is crucial to understand the technological advancement and how it works in creating jobs, knowing where the market size stands as it goes and understanding the stability of the farming sector. Today,
OpenAI Co-founder Ilya Sutskever Launches New AI Company Focused on Safety
Ilya Sutskever, co-founder and former chief scientist of OpenAI, has announced the launch of a new artificial intelligence company named Safe Superintelligence. The company aims to create a safe AI environment amid the generative AI boom, where major tech companies are competing for dominance. Based in Palo Alto and Tel Aviv, Safe Superintelligence emphasizes its
Zadna Announces Inflation-Linked Price Increases for Domain Registrations
The South African Domain Name Authority (Zadna) has announced a 5.23% increase in the wholesale cost of domain name registrations, raising the price from R55 to R61 per domain. This new pricing will take effect on 1 October and will be valid for one year. Zadna CEO Molehe Wesi explained the rationale behind the price
South Africa Begins Phasing Out Legacy Cellular Networks, Plans Complete Shutdown by 2027
South Africa has initiated the process of decommissioning its legacy cellular networks, starting with the prohibition of new 2G and 3G device sales this year. This move aims to free up valuable network resources, though concerns linger about the potential impact on essential systems. Legacy networks support various old sensors and machine-to-machine (M2M) and Internet
Carbon Shuts Down Debit Card Operations Two Years After Launch
Nigerian digital lender Carbon has unexpectedly ceased its debit card operations just two years after their introduction. In a revealing Substack post titled "The Scoop on Debit Cards," Carbon’s co-founder and CEO, Ngozi Dozie, shared the reasoning behind this decision and offered valuable lessons for other fintech startups. While Dozie did not explicitly list the
Vodacom CEO Receives R61.7 Million Pay Package for 2023/24 Financial Year
Vodacom's integrated report for the year ending 31 March 2024 reveals that CEO Shameel Joosub earned a total compensation of R61.7 million during the 2023/24 financial year. Out of this amount, R28 million was paid to the South African Revenue Service as tax. Joosub's remuneration included a salary of R17.4 million, which represented only about
Stage Zero expands to Bloemfontein and eThekwini
Stage Zero, an independent power provider, is pleased to announce its expansion into Bloemfontein and eThekwini. This move will help ease the pressure on more South African pockets following Eskom’s recent electricity tariff increase in April this year and council’s expected electricity tariff increase come 1 July. Helping South Africans come out of the cold:
MANZI Water Celebrates Milestone with the Opening of its 105th Outlet in South Africa
MANZI Water, a rapidly growing player in the prepared water industry, proudly announces the opening of its 105th outlet in South Africa, marking a significant milestone in its journey to provide South Africans with safe, clean drinking water. Founded in 2023 by experienced entrepreneurs in the prepared water industry, MANZI Water has swiftly expanded, earning widespread customer
Trend transforms local AI cybersecurity market, blocks more than 225 million threats in SA
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity, revealed that it blocked more than 161 billion threats globally in 2023, marking a significant 10% rise in threat detections when compared with the previous year’s figures. The company issued a warning to local businesses, highlighting that growing adoption of AI tools and
BCX Africa Local Public Cloud Launches in Mozambique
BCX proudly announces the launch of its cutting-edge Africa Local Public (ALP) Cloud Services at MozTech in Mozambique. This milestone marks a significant step in BCX’s mission to deliver innovative technology solutions, by a local company, to businesses across the continent. The ALP Cloud offering, powered by Alibaba Cloud’s technology, introduces top-tier cloud computing services customised for
Sentech Launches Freevision Play: A Free Streaming Platform to Rival SABC+ and Openview
State-owned broadcaster Sentech has unveiled Freevision Play, a new free streaming television platform designed to compete with SABC+ and eMedia’s Openview. Freevision Play, described by Sentech as a "ground-breaking over-the-top video streaming platform," offers free access to a diverse selection of local and community TV and radio channels. “Freevision Play is accessible to anyone with
Investors Cautiously Optimistic About South Africa's New Unity Government
Investors are hopeful that South Africa's newly formed unity government can implement stable economic policies to revive growth, but they remain cautious about how the coalition's primary partners will reconcile their significant ideological differences. Following last month's national elections, the African National Congress (ANC), which has governed since the end of apartheid in 1994, entered
Apple's "Sherlocking" Practice Continues to Impact Third-Party Developers
Apple’s habit of integrating features from third-party apps into its iOS and Mac systems is under scrutiny, with a recent report highlighting the financial impact on developers. As Apple prepares to release iOS 18 this fall, changes could affect apps generating an estimated $393 million in revenue and downloaded around 58 million times in the
The US Federal Trade Commission reports ByteDance's TikTok to the Justice Department
The US Federal Trade Commission (FTC) has referred a complaint against ByteDance's TikTok to the Justice Department, initiating a potentially significant government investigation into the company’s data handling practices. The FTC has been scrutinizing the social media giant for possible violations of federal laws designed to protect children online, as well as for potentially engaging
TCS Launches WisdomNextTM, an industry-first GenAI Aggregation Platform
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has launched TCS AI WisdomNextTM, a platform that aggregates multiple Generative Artificial Intelligence (GenAI) services into a single interface and enables organizations to rapidly adopt next-gen technologies at scale, lower costs and within regulatory frameworks. The industry-leading
Castrol Celebrates Youth Day with the Official Launch of Kya Sands Independent Workshop
This past weekend, ahead of the 16th June and Youth Month, Castrol officially launched the latest Castrol-branded Mumbo Repairs workshop in Kya Sands, located in the north of Johannesburg to celebrate the progress of a young entrepreneur, Thabiso Mkhize. “This is actually the second Castrol-branded Mumbo Repairs workshop—there’s already one operating in Durban. Thabiso is an