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Vodacom Group Achieves Significant Growth Amidst Global Economic Challenges
Shameel Joosub, CEO of Vodacom Group, highlighted the substantial impact of their acquisition in Egypt, which significantly contributed to a 29.1% increase in Group service revenue. This growth was bolstered by a robust performance in Vodacom’s largest market, South Africa. Despite global economic pressures, the company achieved a 6.4% increase in net profit, showcasing the
How to unlock cash flow by investing in a solar system
With the rising cost of living and Eskom’s tariff increase of 12.74%, getting a solar system is not just about reducing the impact of loadshedding, but to free up cashflow for other household needs. MJ Davis, CEO of FNB Loans says, “Switching to alternative energy solutions can unlock savings for consumers over the long-term. Individual
Egyptian Group-Buying Platform Waffarha Secures Significant Seed Funding
In a move set to strengthen its growth approach, Waffarha, an Egyptian group-buying platform, has announced securing a substantial seed funding round, amounting to a figure in the seven-figure range. This injection of capital will be strategically allocated towards fortifying the company's technological infrastructure, attracting top-tier talent, and extending its footprint beyond the borders of
South Africa's Energy Transition Navigating Towards Sustainability
As the world intensifies its efforts towards decarbonization, South Africa finds itself at a pivotal moment in its energy trajectory. Historically reliant on coal, with abundant natural reserves in regions like Emalahleni, approximately 85% of the nation's electricity—equivalent to around 42 GW—is generated from coal-fired power stations. However, amidst preparations for COP29 in Azerbaijan, there's
Kaspersky's Collaboration with INTERPOL Enhances Cybersecurity
In the ongoing battle against cyber threats, collaboration between public and private sectors is indispensable. Recognizing this imperative, Kaspersky, a global leader in cybersecurity solutions, has been at the forefront of fostering synergy between law enforcement agencies and private entities. A notable initiative in this endeavour is the Kaspersky Expert Training series delivered to INTERPOL
Navigating the Commodity Downturn: Strategies for Mining Organizations
In the realm of commodities, what goes up must eventually come down. The recent years of booming commodity prices, which significantly bolstered national budgets and mining industry profits, have abruptly shifted gears. While some commodities like copper still hold steady, the overarching trend is clear: the commodity boom has fizzled out. The unexpected surge in
AMAZON VS TAKEALOT: Who will win the race?
In South Africa's e-commerce sphere, significant changes are underway, particularly with Amazon's recent entrance into the market, sparking both excitement and concern as it competes with established player Takealot. An observer of industry dynamics finds this evolving landscape intriguing, with far-reaching implications. This is according to Pat Mahlangu, Pat On Brands CEO. A notable point
FNB’s new loan helps to accelerate the transition to sustainable agriculture
As the world approaches the 2030 deadline for the delivery of the United Nations’ Sustainable Development Goals, the need for sustainable farming and agri-business practices has never been more critical. South Africa’s agricultural sector, a cornerstone of the economy and the foundation on which our nation’s food security rests, stands at a crossroads where the
Drones lift the Free State Province’s farming sector
Information and communication technology distributor Rectron has made a R351 000 drone system donation to the University of the Free State’s Faculty of Natural and Agricultural Sciences, in the province that serves as South Africa’s breadbasket. The investment seeks to enhance the institution’s ability to unlock a myriad smart farming solutions through drone training, licensing and ongoing compliance.
MTN SA’s CEO of FinTech, Bradwin Roper steps down
MTN South Africa today announces Bradwin Roper, our Fintech CEO, will be leaving MTN to explore a new opportunity.This is according to a statement that was shared with Business Tech Africa. In line with our executive notice period, Bradwin will exit MTN SA at the end of October 2024. Since joining MTN SA in May
Airtel Africa Set to Launch IPO for Mobile Money Arm
Airtel Africa has unveiled plans to launch an initial public offering (IPO) for its mobile money unit in 2025, in a strategic move to leverage the burgeoning growth potential of its mobile money services. The decision underscores the telecom giant's ambition to broaden its mobile money footprint across more African countries, building upon its existing
Microsoft's Decision to Close African Development Centre in Lagos Sparks Concerns
The Nigerian technology community finds itself in a state of shock and dismay following Microsoft's surprise announcement of its intention to shut down its African Development Centre (ADC) in Lagos. This unforeseen move has left employees stunned, as management broke the news to them on Monday, May 6th. Sources within Microsoft ADC Nigeria reveal that
Madica Announces Inaugural Investments in African Startups
Madica, an investment program tailored specifically for pre-seed African startups, has unveiled its inaugural investments in three promising companies. In line with its mission, each selected startup has received funding of up to $200,000 and gained access to Madica’s extensive 18-month company-building support program. Launched in 2022 under the umbrella of Flourish Ventures, a global
Veeam Unveils V7.0 of Veeam Kasten for Kubernetes
At the Red Hat Summit 2024, Veeam® Software, a leading provider of Kubernetes data protection solutions, announced the release of Veeam Kasten for Kubernetes V7.0. This milestone version, boasting over 30 new features and enhancements, is poised to redefine container security and ransomware recovery in enterprise environments. Addressing the escalating demand for robust container security
Card Acceptance Revolutionizes Micro-Merchant Sector in South Africa
The landscape of commerce in South Africa's townships, rural, and peri-urban areas is undergoing a profound transformation fuelled by the growing presence of card acceptance devices. This surge in card acceptance signifies a pivotal shift in consumer behaviour and represents a critical milestone in the digitalization of payments within the country. Martin Wright, CEO of
Tech trends transforming retail finance in the digital era
The retail landscape is undergoing a profound transformation, propelled by unprecedented levels of digital adoption and the relentless march of technological innovation. This evolution is redefining the relationship between consumers and retailers, ushering in an era characterized by unparalleled choice and convenience. At the forefront of this revolution, retail finance leaders are tasked with shaping
TikTok and C2PA Pioneer Automatic Labeling for AI-Generated Content
In a groundbreaking development, TikTok has partnered with the Coalition for Content Provenance and Authenticity (C2PA) to pioneer the automatic labelling of AI-generated content (AIGC), setting a new standard in the digital content space. This initiative not only bolsters transparency but also ensures that content consumers are well-informed about the origins of the content they interact with.
SpaceSalad and Zapiro to launch presidential decision-making simulator game
SpaceSalad Studios, a multi-award-winning indie game studio, has collaborated with renowned editorial cartoonist Zapiro to launch Point of Order (P.O.O) Weekly, a groundbreaking presidential decision-making simulator game. Scheduled to be released ahead of South Africa's upcoming general elections, P.O.O Weekly aims to educate, engage and empower young people while addressing the concerning trend of low
Common Challenges faced by small auditing firms
Covid-19 came with its own challenges for businesses, requiring companies to pivot and adapt to new ways of working and changed the working environment completely. Small auditing firms were not spared from this, they needed to quickly adapt and fully equip their employees with resources to ensure that they continue to operate and serve their
CAC Launches Enrolment for PoS Agents in Nigeria
The Corporate Affairs Commission (CAC) of Nigeria has embarked on a significant enrolment initiative for Point of Sale (PoS) agents and operators across the country, showcasing a great move in strengthening regulatory oversight within the financial sector. The launch event, marked by the unveiling of a 24-hour service center, underscores the commission's commitment to providing