Category Archives: South Africa News

South Africa News

South African business, AURA, expands into East Africa with new Kenyan office and GM

AURA, South Africa’s leading security and medical response platform, has announced its imminent expansion into Kenya which will be led by its new General Manager, Hilary Itela. Partnering with KK Security, owned by GardaWorld, Aura will offer its emergency and medical response services in Nairobi and Mombasa. Warren Myers, CEO, AURA says that the intention is to address the […]

Why ecommerce matters for small businesses in SA

Trevor Gosling, Co-founder and CEO of Lulalend

There has been a permanent change in the way that people shop and, in turn, the way that businesses need to operate. In the absence of brick-and-mortar stores being open during the lockdown, as well as a general fear of crowded malls when things were able to re-open, South Africa’s ecommerce sector exploded. According to […]

Repo rate to hold but a rate hike could be around the corner: Finder’s economist panel

Panel of 25 economists unanimously predict the SARB will hold the repo rate Just over a quarter (28%) expect a rate hike this year 92% say South Africa is at risk of a sovereign debt crisis Unemployment rate to increase slightly by July The South African Reserve Bank (SARB) is set to hold the repo […]

Efficient Payment Solutions Essential for SME Survival

Small and Medium-sized Enterprises (SMEs) have long been hailed as the lifeblood of the economy. Now, in the wake of the COVID-19 crisis, they are critical for its recovery. Not only do they contribute 35-50% of national GDP globally, they also drive over two-thirds of new job creation[i]. Ultimately, the more SMEs succeed, the better our […]

South African Fintech enabler, Ukheshe Technologies, confirm global expansion

Leading South African digital fintech enablement provider, Ukheshe Technologies has confirmed it is expanding its operations internationally. Having established itself as a formidable payment technology specialist within the B2B sector, the company has set its sights on the Middle East, Europe and Asia Pacific. The move comes on the back of several successful high-profile projects and partnerships […]

New Export Tax on Chrome Ore Intended to Resurrect the Ferrochrome Industry, but challenges prevail

By Prenisha Govender, Associate, Tax, and Angelo Tzarevski, Senior Associate, Competition & Antitrust, Baker McKenzie Johannesburg  The South African Government recently approved a tax on South Africa’s exported chrome, although the tax percentage and further details are still to be announced. The ferrochrome ore industry has been severely threatened in recent years, mostly due to […]

Announcing Winners of the 8th Edition of the Sankalp Africa Summit Awards

Over 1,200 delegates virtually convened for the 3-Day summit on ‘A Resilient Africa – Forging Solutions for the Impact Economy’ Sankalp Forum, an initiative of Intellecap hosted its 8th Edition of the Sankalp Africa Summit, in a virtual format, from the 2nd to 4th March 2021, one of Africa’s largest inclusive networking platform focusing on […]

Resilience – the antidote to a recurring crisis

The Covid-19 pandemic has provided the ideal opportunity for leaders to step up and move people forward to a preferred future despite global crises. However, according to the 2020 Edelman Trust Barometer, trust levels are hovering at all-time lows, with only the business community regarded as both ethical and competent. Consequently, whether they like it […]

Whatsapp’s New Privacy Terms: Data Protection And Privacy Laws In South Africa

By Caitlin Naidoo, Centurion Law Group In January 2021, WhatsApp announced that it would be altering its privacy terms to share data with Facebook causing panic among WhatsApp users. Users that want to continue using WhatsApp’s services have no choice but to agree to these new privacy terms. WhatsApp is a messaging platform used globally as […]

Brimstone Repays More Than R1 Billion Debt In Tough Reporting Period

Debt repayment to funders in excess of R1 billion Reduction of R129.8m in finance costs 7m raised from disposal of portion of Equites and Phuthuma Nathi stakes 4m raised from disposal of portion of Life Healthcare stake Improved debt and liquidity ratios Brimstone’s shareholding in Oceana Group increased to 25.01% [Cape Town, 3 March 2021] […]

The top 5 reasons why investing in Ireland makes sense for African businesses

Photo credit: Lucian Potlog (pexels.com). Dublin, Ireland

By Daireann Gibson, Managing Partner at Gibson & Associates Solicitors Ireland is becoming an increasingly popular destination for individuals from across Africa who are looking to move abroad. South Africa in particular has seen 3,000 immigrants choose Ireland as their new home, and for investors in particular, Ireland provides a wealth of opportunities. The relationship […]

Immense impact of 4IR technologies on African economies to be addressed through South African lawyer’s World Economic Forum’s Centre for the Fourth Industrial Revolution fellowship

Ashlin Perumall, Senior Associate at Baker McKenzie in Johannesburg, South Africa, has taken up the role of Fellow at the World Economic Forum’s (WEF) Centre for the Fourth Industrial Revolution (C4IR) in San Francisco. As part of his C4IR Fellowship, Perumall has joined the blockchain and digital currency working group, working on the legal and […]

Cape Town/Stockholm Connect Launches to Unlock Trade and Innovation Opportunities

The Silicon Cape Initiative, in partnership with Wesgro, the City of Cape Town, Invest Cape Town, The Loudhailer, Business Sweden and the Embassy of Sweden, recently came together to launch Cape Town/Stockholm Connect. The Connect platform will bring together companies, developers, customers, investors, entrepreneurs, and institutions from across Cape Town and Stockholm via a series of […]

Make your money work harder and smarter by using your home loan to save

By: Andrea Tucker, Director at MortgageMe We get it. The thought of paying off a house every month for the next 20 to 30 years isn’t exactly thrilling. But if managed carefully, you can use your bond to your advantage and build a nest egg of savings for life’s little and not-so-little emergencies. The why […]

Celebrity Marketing: No Longer Just for Big Brands

Celebrity influencer marketing is nothing new for big name brands: who could forget Cell-C’s adverts featuring Trevor Noah; or Tendai ‘The Beast’ Mtawarira shaving with a BIC razor; and more recently, Bouwer Bosch ‘skoffeling’ for King Price. “Having the famous and influential as ambassadors of your brand is a great way to build exposure, especially […]

HAVAÍC expects bumper year for African tech startups

As one of South Africa’s most active Venture Capital investors, HAVAÍC says 2020 saw the commercial adoption of technology increase at unprecedented rates, as illustrated by the performance of HAVAÍC and its portfolio companies. 2020 saw HAVAÍC’s portfolio companies grow their revenue by a staggering 93%, and in the coming months, Ian Lessem, Managing Partner at HAVAÍC, believes the economic, […]

Telephonic payment solution helps companies deal with Covid-19 challenges

VerPay enables verbal commerce as businesses adapt to serve their customers in contactless ways The novel Coronavirus has necessitated the need for a sharp step change across nearly every facet of daily life; which has, in turn, rendered the payments landscape ripe for innovation.  “The pandemic has forced us all to do business in new ways, and […]

Avoiding common mistakes while crafting the ultimate customer experience

Creating a memorable customer experience is fast becoming a top priority for businesses – and for good reason, says Reynhardt Uys, Chief Experience Officer, Immersion Group. He notes that customers no longer base their loyalty on price or product alone. Instead, they stay and spend, with companies based on the overall experience they receive. “Quite […]

R500k up for grabs in the 2021 Joburg Smart City Innovation Challenge

Are you a 4IR Start-up? Have you been in operation for 3-7 years? Are you a company developing Smart City technologies and/or innovative solutions? Do you have a pilot-ready solution for a challenge faced by our city? The City of Johannesburg’s Smart City Office, in collaboration with Tshimologong Innovation Precinct, invites you to submit proposals for […]

AURA builds world’s first WhatsApp security chatbot in partnership with Tracker

AURA, South Africa’s leading security and medical response platform has launched the world’s first WhatsApp security chatbot in partnership with Tracker, one of the country’s most trusted names in stolen vehicle recovery. Powered by AURA, Tracker’s unique Tracker CareGuard service offers rapid mobile emergency response anywhere, anytime within South Africa. The new cutting-edge solution enables subscribers to […]

IG South Africa’s Continued Commitment to Investment and Growth in South Africa

IG, a global leader in online trading, has had a long commitment to South Africa which is set to increase further. The company  has operated in South Africa for ten years playing a key role in the growth of online trading in this sophisticated and growing market. IG is committed to robust local governance, and […]

Deal making slows across Africa but post-pandemic opportunities look interesting

Africa-regions. Source: Wikipedia

Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free […]