Navigating the impacts of the global pandemic has become the order of the day for the South African manufacturing sector, who demonstrated their resilience with a promising year-on year recovery of 87.9% in April. The spread of the coronavirus, recent violent protests and looting, and crippling power challenges have caused a slowdown of the sector’s […]
Author Archives: Africa Business
SOL unveils virtual card and new brand as it redefines the customer experience SOLmate, an online payment platform that offers clients a digital wallet facility, has unveiled an exciting new product offering together with an extensive rebrand and renewed corporate vision. Following a name change to SOLmate, the fintech has launched a new, innovative virtual card […]
Group profit before tax up 540% to R430.2 million Earnings per share up 232% to 97.9 cents Headline earnings per share up 230% to 100.8 cents Finance costs down by R151.9 million (58%) Debt reduction of more than R900 million from disposal of the remaining Life Healthcare shares Repurchase of 5.7 million “N” ordinary shares […]
The 4th Edition of Africa’s Largest Artificial Intelligence Trade Expo & Conference, AI Expo Africa, kicks off 7th September and will run as a 3 day ONLINE live event followed by 30 day On-demand show. Event organiser AI Media Group have seen record breaking interest from over 9000+ delegates from 73 countries this year all […]
The Protection of Personal Information Act, 2013 (POPIA) came into full effect from 1 July 2021. The Act is the comprehensive data protection legislation that obliges organisations to lawfully process the personal information of data subjects (both natural and juristic persons) by applying specific principles and conditions. But how will it affect the payments space […]
A major new study launched today shines a light on the millions of jobs and multibillion dollar GDP created for mainland Africa due to Mauritius’ role as a leading International Financial Centre (IFC). The study argues that the Republic of Mauritius is poised to play a critical role in supporting Africa’s progress towards achieving the […]
5G is a next-generation technology in mobile broadband that will enable exponentially faster uploads and downloads. The global 5G services market is growing at a CAGR of 17.7% during the forecast year. The 5G service is primarily being adopted across industries due to the faster connectivity it offers, as compared to the current networks available. The Internet of Things […]
The Covid-19 pandemic has placed a severe strain on the health system in the world and many healthcare workers have been stretched far beyond their capacity. For most African countries, balancing a response to the pandemic with the challenges of providing universal health care has highlighted the need for resilient health systems that will address […]
Did you know that, contrary to what one might think, older age groups are the fastest-growing segments of many social media platforms’ audiences[1]? Facebook, for example, saw users above the age of 65 increase by roughly 25% over the past year[2], while those aged 50 plus represent Snapchat’s fastest-growing audience segment[3]. “When brands decide that […]
Youth Employment Service (YES), in collaboration with Metropolitan GetUp and Ford SA, has launched the Youth Content Collective (YCC) – a platform that connects talented black South African content creators with businesses, so that these young individuals can earn a meaningful living from their creative abilities. YCC launch: From left to right: James Boulton (Marketing […]