Business Archives - Page 15 of 29

5 Reasons Why You Need To Use Digital Certificates For Your Business

22Jan

By Africa BusinessNo Comments

Business

5 Reasons Why You Need To Use Digital Certificates For Your Business

Digital certificates are an essential part of any business’s security measures. They provide a secure, encrypted connection between users and websites and ensure that all data is transferred safely. Read on to find out five reasons your business should use digital certificates. What is a Digital Certificate A digital certificate is an electronic document that helps verify a website's identity. It is traditionally in the x.509 format, composed of public key cryptography used to protect digital communications over the internet. An x.509 certificate typically consists of a certificate authority, private and public keys, and information about the organization associated with it. Upon issuance of a certificate, its authenticity can be checked by a company or person relying upon it for sec...

19Jan

By Africa BusinessNo Comments

Business, Fintech

Fraud trends every CFO should know

PwC’s Global Economic Crime and Fraud Survey 2022 revealed that 46% of organisations have experienced fraud, corruption, or other economic crimes in the last 24 months. Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) platform provider, gives a rundown of what to look out for. 1. Fraud protection is no longer optional It’s hard to believe today, but just a few years ago, even large organisations didn’t have payment fraud protection in place. One of our clients, a listed company, had an ongoing issue with payment fraud totalling over R3 million in losses in the year prior to adopting eftsure. They haven’t lost a cent to payment fraud since. Businesses are taking the threat of payment fraud a lot more seriously than they did even two years ago. They’re acknowledging that the paym...

Half of Retailers Say Out-of-Stock Items Will be Biggest Challenge in 2023

16Jan

By Africa BusinessNo Comments

Business

Half of Retailers Say Out-of-Stock Items Will be Biggest Challenge in 2023

SML RFID, an end-to-end RFID solution provider for global retailers, has today announced the launch of part one of its State of Retail 2022/2023 report, finding that 48% of retailers believe frequently out-of-stock items cause the biggest challenge to them serving customers in today’s retail environment. With an additional half (48%) of retailers reportedly seeing improving the in-store customer experience as a top priority throughout 2022, the report casts light on industry focuses and trends going forward into 2023. The first of a two-part series, State of Retail 2023 Part 1: Order Fulfilment and the In-Store Customer Experience specifically analyzes current trends and challenges facing the day-to-day operations of retailers. Through the report’s interaction with over 500 senior decisi...

AppsFlyer gives Insight into Global E-Commerce Trends for 2023

9Jan

By Africa BusinessNo Comments

Business, Tech

AppsFlyer gives Insight into Global E-Commerce Trends for 2023

By Sue Azari - E-Commerce Lead at AppsFlyer It is no secret that over the past few years the e-commerce industry has been constantly and rapidly evolving, with COVID-19 playing a significant role. Many retailers have experienced highs as a result of the pandemic, with consumers taking advantage of the convenience of shopping for pretty much anything right from the comfort of their living room; whilst others such as offline retailers suffered, due to their lack of a digital footprint when lockdown was introduced. Judging by recent trends, global retail e-commerce sales will continue to soar in 2023, showcasing the adaptability of e-commerce, which has gone through tremendous change over the past 30 years. As we look ahead to 2023, and the challenges e-commerce retailers have faced post p...

3Jan

By Africa BusinessNo Comments

Business, South Africa News

Resilient SMEs will thrive in 2023

By Garth Rossiter Chief Risk Officer, Lulalend The past year has not held much for the SME sector to celebrate, but I expect 2023 to be a year of growth and recovery. 2022 saw the end of COVID-19-related restrictions but, at the same time, we also experienced some of the worst levels of load shedding ever. It has been a very difficult year for a sector that is widely considered to be the engine driving the SA economy. It is the resilience of SME owners that kept the doors open and the tills ringing. Higher inflation and increasing interest rates also meant that it was becoming increasingly difficult to have any kind of disposable income with which to invest or grow a small business. This year, SMEs struggled to access the lifeblood that keeps them going – cash flow. This will be a dete...

Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity

29Dec

By Africa BusinessNo Comments

Africa Travel, Business, Senegal News

Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity

By Lydia-Claire Halliday, Executive Director, Stakeholder Relations & Strategy, LCH Consultancy Ltd. Africa urgently needs a more extensive and robust aviation network, given the region's relative lack of alternative long-distance transportation infrastructure The African aviation market has been underserved for a long time. Before 2020, only 9% of Africa's air traffic was between African countries, the rest being intercontinental. And today, globally, the region accounts for less than 2% of total air traffic despite being home to around 17% of the world’s population. Africa urgently needs a more extensive and robust aviation network, given the region's relative lack of alternative long-distance transportation infrastructure. Indeed, unlike the United States and Europe, where there ...

How to start a business with almost no money

22Dec

By Africa BusinessNo Comments

Business, South Africa News, Startups

How to start a business with almost no money

By Catherine Wijnberg One of the questions I am most frequently asked is: “How can I get funding to start my business?” Today’s Google search will give you 340 million answers to this question. But if it’s just one good answer you need, this one might help. The reality is that most new businesses start with very little money. I started Fetola from my dining room with one laptop and an idea. Similarly, Microsoft founder Bill Gates, Apple founder Steve Jobs and South African whizz kids Elon Musk and Mark Shuttleworth all started globally successful businesses from their garages, relying mainly on their skills and hard labour and some help from friends and relatives. Closer to home, Helena van der Westhuizen from Simply Bee, South Africa’s fast-growing, natural skincare company, developed ...

Ventures Platform Closes its Pan-African Fund Above its Initial Target – at $46M

15Dec

By Africa BusinessNo Comments

Business

Ventures Platform Closes its Pan-African Fund Above its Initial Target – at $46M

Ventures Platform, the pan-African VC firm championing the next generation of African technology entrepreneurs, has today announced the final close of its early-stage and intercontinental fund, at $46M. Surpassing its initial $40M target, the oversubscribed fund from one of the continent’s most prolific investors sees new participation from global investors with an array of top-tier commercial banks, corporates, DFIs, global institutional investors and HNIs, including Standard Bank, International Finance Corporation [IFC], British International Investment, A to Z Impact, Proparco with FISEA, AfricaGrow a Fund of Funds backed by BMZ [German Ministry for Economic Cooperation and Development, DEG and Allianz, managed by Allianz Global Investors], and others. The new fund will see Ventures Pl...

How effective is your digital supply chain management?

15Dec

By Africa BusinessNo Comments

Business, Tech

How effective is your digital supply chain management?

As digital transformation increases at a dizzying pace, digital supply chain (DSC) management has become a business necessity. Software estates are ever-increasing, contracts and licences are becoming more complicated, and preventing wastage is more challenging than ever. Gartner predicts that in 2024, 60% of enterprises will underestimate cloud infrastructure and platform services consumption rates, leading to higher costs and missed opportunities for savings. Challenges in DSC management Though many companies will have some form of DSC management in place, these systems are often not centralised or automated, making them almost as complicated as the problems they should be solving. Marilyn Moodley, Country Leader for South Africa and WECA (West, East, Central Africa) at digital trans...

1Dec

By Africa BusinessNo Comments

Business

The metaverse is the future of business

By: Nicolene Maree, Senior Copywriter at Flume Technology is constantly evolving and the way we do business has to adapt to keep up. The metaverse has been around since the 1990s but it has only re-entered the lexicon after Facebook changed its name to Meta. Just like social media became an important instrument in marketing, the metaverse will play a key role in your marketing strategies and adopting these new platforms will help your business remain relevant. The metaverse is changing how we conduct business and is making it easier for us to connect with our colleagues, partners, and clients. But what exactly is the metaverse and how can you incorporate it into your business? What is the metaverse? The metaverse is a new iteration of the internet that we know. It’s a concept of a pers...