South Africa News Archives - Page 41 of 72

7Sep

By Africa BusinessNo Comments

Energy, South Africa News

Energy storage manufacturer expands its operations in Africa

Tesvolt partners with Solarworld Africa Wittenberg, Cape Town, São Paulo, 07/09/2021 – Tesvolt, a manufacturer of battery storage systems for commercial and industrial use, has posted strong growth in the first half of 2021. Alongside high demand for intelligent energy storage systems in Germany, international business is a key engine for growth. Over 40% of Tesvolt’s turnover now comes from international sales. It also plans to enter the North American market next year. Marked rise in international orders “Our mission is to bring affordable green energy to every corner of the world,” explains Tesvolt’s Commercial Director, Daniel Hannemann. “We’ve come quite a bit closer to the goal yet again. In addition to our sales activities in Europe, we’ve established new sales partners...

2Sep

By Africa BusinessNo Comments

South Africa News, Tech

Is Johannesburg The City of “AI” Gold?

Recently announced research by the AI Media Group, Cape Town, South Africa, points towards Johannesburg fast becoming the continents Artificial Intelligence (AI) Tech Capital of Africa Launched in early 2018 the AI Media Group set out to create a new hybrid analysis, trade & advisory operation to build one of the largest communities of technology practitioners discussing the application of AI / 4IR technologies in a business context on the African continent. Dr Nick Bradshaw, Founder and CEO of AI Media stated, “One of our key goals was to assess and showcase the growing emerging market opportunity in the Africa region for this particular technology category. When we started this journey there was literally zero, or at best, fragmented data on the companies and people driving this s...

2Sep

By Africa BusinessNo Comments

South Africa News

Prestigious “Factory of the Year” Competition Postponed

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 recovery over the past few months. Mindful of this tumultuous economic environment and the continued health considerations brought on by the pandemic, management consulting firm Kearney have taken a decision to postpone the 2021 ‘Factory of the Year’ competition, traditionally a highlight of the annual Manufacturing Indaba. The 2021 Manufacturing Indaba will follow in the footsteps of last year’s conference and once again be held as a virtua...

2Sep

By Africa BusinessNo Comments

Fintech, South Africa News, Startups

Fintech Startup SOL announces rebrand with exciting new virtual card offering

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 – placing unbanked and underbanked clients at the centre of SOLmate’s business offering. The new virtual card provides clients with the ability to shop online safely, and to draw cash from various retail stores – making SOLmate one of the first fintech players to offer a virtual card to FICA lite customers who would otherwise not have had access to digital financial services. With a new tagline of “Your money. Your life. Your ...

31Aug

By Africa BusinessNo Comments

South Africa News

Brimstone Posts Solid Interim Results

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 for R34.8 million Improved debt and liquidity ratios [Cape Town, 31 August 2021] Brimstone today released its Group results, reporting a stellar performance for the six month period ended 30 June 2021. The Group reported a 540% increase in profit before tax of R430.2 million, up from a loss of R97.8 million in the comparative period. The profit is mainly due to strong performances by certain of the Group’s subsidiaries, the upward revaluation of in...

31Aug

By Johan BotesNo Comments

Main, South Africa News

The economic cost of sexual harassment

By Johan Botes, Partner and Head of the Employment & Compensation Practice at Baker McKenzie in Johannesburg Conservatively estimated, one in four women will experience sexual harassment in the workplace at some stage during their working lifespan. The personal toll on these women - and those around them who deal with the secondary effects - is immense. The psychological impact of such harassment and victimization cannot be overstated. A recent study has undertaken the mammoth task of calculating the financial cost to women who are victims of sexual harassment in the workplace. The findings are not only shocking but serve as a grim reminder that our quest for gender equality must incorporate actions aimed at eradicating sexual harassment as a main driver of workplace inequality. ...

31Aug

By Africa BusinessNo Comments

Events, South Africa News, Tech

The 4th Edition of Africa’s Largest Artificial Intelligence Trade Expo & Conference

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 focused on acquiring and deploying real world AI, RPA & smart technologies in business, government and society TODAY. Dr Nick Bradshaw, AI Media Group CEO and AI Expo Africa founder commented, “Both delegate and exhibitor interest has been high this year, even with the challenges of COVID19, our online event platform has made it easy for local, regional and global delegates & companies to attend the show. Building on the successful online format from 202...

31Aug

By Africa BusinessNo Comments

South Africa News

The Protection of Personal Information Act: How will it impact SA’s payments landscape?

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 specifically? “As businesses in the payments industry process copious amounts of personal information, they now have to change many elements of the way they operate in order to accommodate the Act,” says Cecil Munsamy, Managing Director of AVeS Cyber Security and a consultant to Pay@ - a leading payment aggregator and provider of secure payment solutions. “These businesses now need to have extensive compliance programmes in p...

24Aug

By Sakhile MabenaNo Comments

Fintech, South Africa News

Transforming Financial Inclusion Using Behavioural Science

From Financial Access - to Financial Health By Sakhile Mabena, CEO, OFIN, a fintech startup specialising in Behavioural Data Analytics, Financial Process Automation, Behaviour-based Financing and SME Behaviour Nudges There is currently a revolution in the space of financial inclusion, with around 70% of people worldwide now having access to financial services, up from just 50% a decade ago, according to the World Bank. One of the key drivers behind this phenomenon is the huge increase in mobile phone usage among people of all income levels, allowing institutions to deliver services more easily and cost-effectively to the underbanked. But, does access automatically translate into usage? While it is commonly thought that financial access should lead to financial prosperity, a recent...

24Aug

By Africa BusinessNo Comments

South Africa News, Startups

Youth Content Collective connects corporate SA with township content creators, creating income opportunity

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 Manager: Metropolitan); Nontokozo Madonsela (Group CMO: Momentum Metropolitan); Jason Levin (YCC); Leanne Emery (Acting Co-CEO: YES); Peter Tshiguvho (CEO: Metropolitan); Kgothatso Mahlaku (YCC content creator); Hillie Meyer (CEO: Momentum Metropolitan); Tlalane Ntuli (CMO: Metropolitan); Matshelane Mamabolo (YES); Vaunn Kelly (Acting Co-CEO: YES) YCC’s first cohort is made up of 50 photographers, videographers, fil...