Browse every article
10,668 articles
RMAA SA reimagining the future of mobility on its 15th year celebration
Special Vehicles Manufacturer, RMA Automotive South Africa (RMAA SA), proudly marked its 15-year anniversary this week. Since its inception in 2008, the company has consistently demonstrated a commitment to excellence and innovation, shaping the future of mobility through advanced engineering and strategic partnerships. Commemorating the anniversary with the theme, ‘Beyond the 15 – The Future
Retailers diversify to get a slice of the R60.4 billion Black Friday and festive season bonanza
South African retailers are expected to adopt diversification strategies such as adding new product lines and new service offerings to win a bigger share of an expected R60.4 billion in retail spending over November and December. This Black Friday and festive season consumer spending spree will enable retailers to make up some of the financial
Despite climate concerns, just 14% of companies reduced carbon emissions in line with ambitions over the past five years
As climate-related disasters intensify in frequency and severity, so does the economic impact on communities and businesses. Despite a responsibility to mitigate the crisis with emissions reductions in their operations and supply chains, companies have not made much progress in comprehensively measuring and reducing their emissions over the past year, according to a new study
CCI South Africa is building IT skills for the BPO Sector
South Africa faces a chronic shortage of skills in the IT (Information Technology) sector, with the South African Government’s 2023 Critical Skills List highlighting the need for IT skills including systems analysts, data scientists, software developers and more. Recognising the need to introduce more skilled workers into the sector, Business Procurement Outsourcing (BPO) industry leader
Vodacom connects customers by land, sea and sky to boost digital inclusion in Africa
Continuing its commitment to fostering digital inclusion and connectivity across Africa, the Vodacom Group has expanded its pan-African customer base to 196.2 million through innovative initiatives that transcend land, sky, and sea. Vodacom highlighted several connectivity projects aimed at accelerating digital transformation and promoting socio-economic upliftment on the continent. Dejan Kastelic, Chief Technology Officer at
Vodacom Group Limited releases interim results for the six months that ended 30 September 2023
Vodacom Group's positive revenue trend, evident in the first three months of the financial year, persisted into the second quarter, reflecting a robust operating performance. Despite challenges such as higher interest rates, inflation, and currency volatility in our markets affecting earnings, we remain steadfast in delivering our purpose-led strategy. Our commitment focuses on enhancing societal
Standard Bank Champions Renewable Energy Transition in Africa with $20M Commitment to CrossBoundary Energy
Demonstrating its ongoing commitment to a sustainable energy future, Standard Bank, Africa’s largest commercial bank is contributing $20 million as part of a $50 million construction debt facility agreed between CrossBoundary Energy and the Facility for Energy Inclusion (“FEI”) in June this year. FEI, managed by Cygnum Capital (formerly Lion’s Head Group), is the lead
Legacy Africa Capital Partners announces a R100m investment in Welltec
Legacy Africa Capital Partners’ (LACP) Fund 1 have announced a significant investment for a minority stake in Welltec, a leading Financial Wellness Technology (FinWellTech) firm. This investment strengthens Welltec's position in the market, allowing them to expand their bespoke financial wellness programs targeted at financial and fintech organisations. This investment arrives at a pivotal moment,
Telcos can help Africa dial up the start-up ecosystem
These are exciting times to be an entrepreneur in Africa. Increasing connectivity and the growing popularity of digital payments are unlocking opportunities to access a young, tech-savvy population that will double in size in the next 30 years or so. In fact, African markets are expected to record double-digit annual growth in digital industries over
BCX DIA Winners Unveiled in a Thrilling Showcase of Innovation!
The heart of Parktown pulsated with excitement as BCX, a leader in the ICT industry, unveiled the champions of the BCX Digital Innovation Awards 2023, this week at the prestigious Sunday Times Top 100 event. Captains of industry gathered to witness the ground-breaking innovation displayed by some of South Africa’s most imaginative enterprises, SMEs, and
127 new electric car charging stations coming to South Africa
Mercedes-Benz South Africa (MBSA) is currently to working together with Tibco’s Chargify in an effort to roll out 127 new electric vehicle (EV) charging stations in South Africa. At a total cost of R40 million, the new sites will be consisting of a mix of AC and DC chargers, which will be rolled out in
Is your WiFi secure? Here’s why it needs to be
By Craig Blignaut, Product Manager: WiFi at Vox We all know that public WiFi networks are less secure because you have no idea who else is using them or who set them up. But how secure is your home WiFi network? Have you taken the time to check that the necessary security protocols are in
Interest Rate Developments expected next week
The South African Reserve Bank (SARB) is poised to emulate the approach of the US Federal Reserve by maintaining current interest rates during its upcoming meeting. Scheduled for next Thursday, 23 November, the SARB's Monetary Policy Committee (MPC) will deliberate on interest rates, with the prevailing repo rate standing at 8.25%. Against a backdrop of
Standard Chartered Bank fined R43 million for rand manipulation
South Africa's competition regulator has reached a settlement with Standard Chartered Bank over allegations it colluded to manipulate the rand currency. The Competition Commission said Standard Chartered admitted liability and agreed to pay a fine of around R43 million ($2.3 million) to resolve the case. Standard Chartered is one of 28 banks accused of coordinating
Private security officers outnumber South Africa’s police force by 4-1
In 2022, the Private Security Industry Regulatory Authority (PSIRA) reported a staggering figure of almost 2.7 million registered security guards in South Africa, dwarfing the 140,048 personnel on the South African Police Service's (SAPS) roster. This surge in private security personnel is not surprising given the country's high crime rate, coupled with a declining appeal
Continued growth of Africa’s FinTechs can unlock greater economic prosperity
Africa is one of the fastest growing FinTech markets with revenue forecasted to grow 13 fold to $65-billion by 2030. In addition to the revenue opportunity, FinTechs play an important role in developing the region’s economy and improving the lives of African people by revolutionising the financial sector. New FinTech platforms have played a critical
Montego’s R33 Million Leap into Solar Energy
Solar power was first suggested by Edmond Becquerel way back in 1839. Now, almost 200 years later, it’s becoming one of the most widely used energy sources on the planet. Renewable energy, mostly from solar and wind, looks set to constitute around half of the world’s total energy supply by 2023, and in SA the
Teraco expanding data centre in Cape Town
The company that is part-owned by Digital Realty (NYSE: DLR), Teraco has made an announcement that it will be having a 30 megawatt (MW) expansion of its CT2 hyperscale data centre facility in Brackenfell, Cape Town. Teraco is looking to conclude the expansion project by early 2025, incorporating the latest environmentally sustainable cooling and water
ExxonMobil moving into lithium for Evs
The Houston, Texas based natural gas giant, ExxonMobil has revealed that it is planning on becoming one of the biggest suppliers of lithium for electric vehicles, marking this as the company’s first major foray outside of fossil fuels in decades. The plan is for Exxon to extract the metal from underground saltwater reservoirs in the
Revolutionising Africa’s smallholder farming communities through technology
Jehiel Oliver, founder and CEO of Hello Tractor, recently discussed the convergence of African traditions, technology, and agriculture. Addressing the continent’s potential as well as its challenges, Oliver presents a refreshing vision for the future of farming. Technology is becoming pivotal in Africa's agricultural domain, with smallholder farming systems needing a tech-driven approach for optimisation.