Thursday, November 21African Digital Business Magazine

Tag: JOHANNESBURG

Ethel Kuuya: Visionary Leader, Founder, Author and CEO of Advisory Kulture
Business, Interview, South Africa News

Ethel Kuuya: Visionary Leader, Founder, Author and CEO of Advisory Kulture

As an influential leader, Ethel presents a visionary philosophy that can inspire the next generation. Her transformative approach sets a new standard for leadership, which is crucial for nurturing future leaders. Her consulting firm, Advisory Kulture, offers successful leadership training that has been effective across various sectors. What type of business do you run? I run a consulting firm named Advisory Kulture. We specialise in providing strategic advice and tailored solutions to help businesses navigate complex challenges and achieve their goals. How long has your business been running for? Advisory Kulture has been operating successfully for 10 years, during which we have built a solid reputation for delivering high-quality consulting services. What mot...
Retailers, banks & fintech players unpack SA’s ambitious fintech future
Fintech, South Africa News

Retailers, banks & fintech players unpack SA’s ambitious fintech future

OPEN FINTECH FUTURE: Jean Olivier of Shoprite, John Singlam of Investec and Anand Naidoo of HelloPaisa shared their fintech journeys in discussion with financial journalist Refilwe Moloto at the dt (Direct Transact) Open the Future gathering in Joburg. Several local innovators came together to discuss the future of fintech for brands, retailers and banks in Africa in the next 20 years.  Photo credit: Sandy Coffey Monday 31 October, Johannesburg - As South Africa heads into a financial future where its flow of money will be impacted by a likely greylisting, an irreversible shift to cashless and non-traditional transacting, and more retailers entering the banking game, an unavoidable fintech boom will transform the financial ecosystem as we know it. This picture of the future was painte...
Real Estate, South Africa News, Startups

South African Proptech Flow Expands Reach Into Australia

API platform connecting real estate agents and social media users leverages significant growth on the continent to target global property market Flow, a proptech startup that enables real estate agents and developers to seamlessly advertise properties on social media, has announced that following consolidated growth in South Africa the company is launching in Australia. Flow’s move comes at a time when African proptechs are building scalable solutions with application beyond the continent more frequently than ever before, with strong reception from global markets seeing the viability of home-grown African businesses. Boasting 90,000 agents and a housing market value of $9 trillion, Australia offers a latent opportunity for Flow to change the way that people find places to live and wo...
African News, Egypt News, Ethiopia News, South Africa News

Global Cities Report – Five strategic imperatives for city leaders

Last year’s edition of the Kearney Annual Global Cities report provided a revealing overview of urban centres amid the unprecedented public health catastrophe of the COVID-19 outbreak. A stark snapshot was painted of a volatile, increasingly fragmented environment characterized by fierce competition among cities for status, a situation acutely exacerbated by the coronavirus pandemic. “The 2020 report provided a perspective on where the world was just before the impact of COVID-19 was felt. In this year’s report, the data used—largely collected from 2020 and early 2021 publications—provides a view of the impact of the first year of the pandemic. It also sheds light on the different recovery trajectories across the world’s global cities,” says Prashaen Reddy, a partner at global managemen...
Kenya News, Main, Nigeria News, South Africa News

New global tax rules will help address imbalances in tax revenue in Africa

By Denny Da Silva, Associate Director, Tax, Baker McKenzie, Johannesburg One hundred and thirty six of the 140 members of the OECD G20 Inclusive Framework, including South Africa, have agreed on a new set of global tax rules that will reform the world’s tax system. Notably, two African countries that are members of the Inclusive Framework have not yet joined the agreement - Kenya and Nigeria. The two-pillar system will be presented to the G20 Leaders’ Summit at the end of October 2021. It will result in a reallocation of taxing rights from resident to source countries of certain multinational enterprises (MNEs), if thresholds are met, in addition to a 15% global minimum tax rate for certain organizations, implemented from 2023. The agreement aims to redress global tax revenue imbalances a...
Fintech, South Africa News

South Africa. Banking customers are urged to remain extra vigilant during these trying times

South Africa is in the middle of one of the most tyring times in the country’s history. Unemployment was on the rise which will only worsen in the aftermath of the current situation. In addition, tensions are boiling over turning into violent acts and destruction which are currently disrupting society. This includes bank ATM’s and branches. “During these trying times, we are urging all banking clients to keep calm and to be aware that the violence will be causing some disruption to normal branch services. In addition to all the other challenges facing consumers, fraudsters will be more motivated than ever to take advantage of the current crises that is gripping the country. We need to be extra vigilant during these times,” urges Reana Steyn, the Ombudsman for Banking Services (OBS). Online...
South Africa News

Chatbots: The solution to SA’s service delivery woes?

Finance Minister Tito Mboweni recently said that communities and businesses are becoming increasingly intolerant of municipalities that can neither deliver basic services nor conduct their administration effectively[i]. With lack of employee capacity being one of the root causes of poor service delivery[ii], Kyle Oosthuizen, Chief Operating Officer at Blue Robot, believes that chatbots could be a solution. He says: “Chatbots offer municipalities a way to service more people faster, more efficiently and more cost-effectively. Anyone who has ever had to apply for anything from a municipal or government department such as a driver’s licence, grant or permit, would know how tedious it is to have to manually fill out forms, especially with some applications requiring duplicates. Chatbots could...
South Africa News

Bank of Central African States and the African Energy Chamber to work together on solution for FOREX regulation for energy industry

The African Energy Chamber (AEC) (www.EnergyChamber.org), on Monday 17 May held a meeting with the Central Bank of Central African States (BEAC) to discuss the effects of BEAC’s in December 2018 adopted FX regulations, which are due to come into effect on the 1 January 2022. The meeting was in response to concerns by energy companies operating in the CEMAC region, that the new FOREX regulations will stifle investment, lead to a loss of jobs, increase operational cost, lead to additional and unnecessary bureaucracy and eventually render the regions energy industry uncompetitive compared to other regions globally. These concerns are even more pertinent today, given the added pressures and competition that the industry in the CEMEC region is facing in light of the global move towards e...
South Africa News

Total’s Mozambique LNG Project to take center stage at the France Africa Economic summit

As French and African leaders gather on May 18 in Paris for the France-Africa Summit, Mozambican leaders and Total have a brilliant opportunity to push for the resumption of LNG projects in Mozambique and get things going. Even if exploitation of natural resources is not particularly on the Summit's agenda, there will be no better chance for the gas-rich country to showcase its solutions and arrangements to the issues posed to its gas industry. Notably, as one of the delayed projects involves a consortium led by French supermajor Total, who on April 26 issued a force majeure declaration to its LNG project in the Cabo Delgado province due to the security situation at the moment. Total's force majeure declaration has sent the project into a delay, negatively impacting Mozambique&rsq...
South Africa News

AUDA-NEPAD and Ecobank Group partnership moves to finance phase under the 100,000 MSMEs Initiative

The African Union Development Agency NEPAD (AUDA-NEPAD) (https://bit.ly/3w9P1aI) and the Ecobank Group (www.Ecobank.com) its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to launch the financing component as from 27 May 2021. AUDA-NEPAD launched the 100,000 MSMEs Programme to accelerate African economic transformation, provide the needed skills, and build resilience against the economic shock triggered by the global pandemic. The ‘100 000 MSMEs’ initiative seeks to build the capacity of 1,000,000 enterprises in Africa through entrepreneurial and business training to improve access to finance and new markets while establishing networks for support and incubation to bolster their success. “Across ...