Author Archives: Africa Business

Northern Cape set to benefit as the ‘New Oil’, Copper, is set for steady climb as world economy pilots to green

Big Tree Copper chief executive Jan Nelson

Cape Town: Big Tree Copper chief executive Jan Nelson expects a steady climb in demand for the red metal over the next three decades. This, as the world has turned its full attention to sustainable energy and a greener economy.   It is likely the beginning of a super cycle. Investment bankers Goldman-Sachs already called copper […]

The evolution of vulnerability management

As organisations focus on digitally transforming their enterprises, cybersecurity professionals have been facing an expansion of their attack surface – compounded by the digital explosion during the pandemic. Almost every category of cyberattack increased over the course of 2021. The number of encrypted threats spiked by 167 percent, ransomware rose by 105 percent, and intrusion attempts climbed […]

Four Game-Changing Tech Startups from Africa

According to the 2021 Global Startup Ecosystem Report by Startup Genome, Africa’s startup ecosystem is currently valued at $6.6 billion, with Cape Town, Lagos, Johannesburg, Nairobi and Accra named as the leading regions for startup growth on the continent There are plenty of game-changing startups bubbling up across the continent – here are four making […]

Putting the brakes on payment fraud at SA’s car dealerships

While every business, irrespective of size, is vulnerable to payment fraud worrying gaps in South African motor dealerships’ payment systems put the entire sector at risk. Ryan Mer, CEO at eftsure Africa,  a Know Your Payee™ (KYP) platform provider, says the most common thread in cases of fraud is the human element which can involve sophisticated […]

Diagnosing the mining death toll: The link between workplace culture and safety

At the end of 2021, it was reported that mine deaths in South Africa had risen for a second consecutive year, increasing by almost 44% from 2020. The sector, which employs more than 450,000 people, had experienced a promising decline in fatalities since 2007 (where its annual figures resided at the 200-person fatality mark) up […]

The Travel Corporation releases its first Impact Report with leading-edge sustainability initiatives (globally, and in SA & Africa)

Creating positive change through climate action, food waste reduction, supporting developing destinations, animal welfare and additional projects Trattoria Terra Madre, featured on select Insight Vacations’ Italian itineraries, is a farm-to-table experience in Alberobello, Italy, advancing sustainable food production. Insight Vacations offers a MAKE TRAVEL MATTER® Experience on 94% of itineraries. The Travel Corporation (TTC), one […]

You are the weakest link: How to stop the costliest internet scam

According to Steve Flynn, Sales and Marketing Director, ESET Southern Africa, it’s long past time organisations get a handle on business email compromise scams which generated more losses for victims in 2021 than any other type of cybercrime. While ransomware, hacking, API hacks, and all the other cybersecurity threats make headlines, it’s worth remembering that […]

What keeps SA’s top CIOs awake at night post-Covid

South Africa’s top professional CIOs are grappling with enabling new work models and ensuring the wellness of their teams in the post-Covid environment. This emerged during the first IITPSA Pr.CIO® round table – a forum for professional CIOs who hold the Pr.CIO® designation. The CIOs from leading enterprises said rolling out and managing IT infrastructure to enable […]

Construction industry can provide a solid foundation for SA’s unemployed youth

Leading trade show hosts 25 free workshops to drive job creation For years, South Africa’s public and private sectors have talked about transformation as the key to unlocking economic growth and job creation. Yet in Q4 of 2021, national unemployment rose to 35.4%, with youth unemployment remaining at a dangerously high level of 66.5%[1]. Aubrey […]

Using powerful data to shut the door on SA’s biggest property scams

Fraud in the property sector has become alarmingly common in recent years. With substantial sums of money on the line, increasingly sophisticated scams have made easy targets of buyers and sellers, as well as various property practitioners like estate agents and conveyancers. But the tide is starting to turn as up-to-the-minute credible data makes it […]

People-first approach needed in AI era

 Automation, robotics and artificial intelligence can be a force for exceptional business progress, but could also cut jobs, impacting a multitude of workers and their families. Instead of cutting heads, organisations should be empowering employees with technology to become more valuable. This is according to Johan Steyn, technologist, management consultant, Chair of the Institute […]

People-first approach needed in AI era

Automation, robotics and artificial intelligence can be a force for exceptional business progress, but could also cut jobs, impacting a multitude of workers and their families. Instead of cutting heads, organisations should be empowering employees with technology to become more valuable. This is according to Johan Steyn, technologist, management consultant, Chair of the Institute of […]

Counting the real cost of cash in South Africa

Cash is still king in South Africa. But according to Anton van der Merwe, COO of leading pan-African fintech enablement partner, Ukheshe Technologies,  its long reign is increasingly under threat as businesses and consumers begin counting the real, hidden costs behind cash transactions. Whether its via cash, credit card, QR, crypto, or a smartphone wallet, financial transactions […]

M&A report discovered many exciting opportunities in Africa’s chemical industry

Africa’s greenfield opportunity Global trends unearthed and analysed indicate that the chemicals sector is increasingly being driven by Environmental, Social, and Governance (ESG) considerations. It also indicates that decarbonisation is often a key rationale behind the investments (and divestments) in the sector, except for Africa where investments understandably lagged again this year. These are the […]

#NoFalseNewsZone: How to determine fake information

Exclusive Interview With Oluwasola Obagbemi, Corporate Communications Manager, Anglophone West Africa, Meta Oluwasola Obagbemi talked about why the #NoFalseNewsZone campaign is needed, what reliable information is, how to determine lies, and how to solve problems with the spread of fake news. 1. Why do you need to conduct a #NoFalseNewsZone campaign now? The #NoFalseNewsZone campaign […]

Healthtech startup Zuri Health receives funding to expand across Africa

Zuri Health, the digital healthcare company which provides affordable healthcare via mobile, has completed a funding round attracting investment from DOB Equity, Launch Africa and Founders Factory Africa to expand across Africa. Zuri Health connects mass-market patients with affordable, convenient, and quality healthcare services via SMS, WhatsApp and a dedicated app. The company initially launched […]

The rapid rate of competition law developments across Africa

By Lerisha Naidu, Partner, Angelo Tzarevski, Associate Director, Sphesihle Nxumalo, Associate and Zareenah Rasool, Associate, Competition & Antitrust Practice, Baker McKenzie Johannesburg Baker McKenzie’s latest Africa Competition Report 2022 provides a detailed analysis and overview of recent developments in competition law enforcement and competition policy in 32 African jurisdictions and regional bodies. The Report outlines how, over […]

The road to recovery for Africa: The potential of DFIs to halt the spiraling unemployment rate

DFIs directly or indirectly support over 6 million African jobs in the private sector New report published today by the ONE Campaign and the African Centre for Economic Transformation (ACET) reveals that the 10 largest global bilateral development finance institutions (DFIs) could substantially reduce Africa’s spiraling unemployment rate by 2025. The report titled Shifting and Accelerating DFI […]

More Banking Executives View Fintechs as Partners in Economist Impact Report on Digital Competition in Global Finance Commissioned by WSO2

In a global survey of 300 C-suite banking industry executives, 54% say their financial institutions have faced greater competition over the past three years from digital alternatives while 47% of UK respondents found this to be the case. However, these executives also indicate that they are better positioned to compete. Notably, 85% of respondents reported […]

Identity confirmation in under 30 seconds: How biometrics became lightning fast and accurate

How do you do trust someone you can’t meet in person? It’s a question organisations have been grappling with in the age of the internet, KYC requirements, and the rapidly escalating costs and consequences of identity fraud. “Enter biometrics with liveness detection, a state-of-the-art solution that onboards customers securely, easily, and quickly,” says Lance Fanaroff, […]

New Handling Record at Port of Maputo Points to a Positive Market Recovery

Leading transport event tackles the key challenges of inter-Africa trade expansion In 2021, the Port of Maputo achieved a new handling record of 22.2 million tons, representing 21% year-on-year growth compared to the previous year’s handling volume of 18.3 million tons. A reflection of a post-Covid market recovery, Mozambique’s Maputo Port Development Company (MPDC) CEO Osório […]