South Africa Archives - AfricaBusiness.com

19Nov

By Africa BusinessNo Comments

African News

Ecentric Wins Fintech Innovation of the Year at 2024 Africa Tech Festival Awards

Ecentric, a leading omnichannel payments provider, and its partners were awarded Fintech Innovation of the Year at the 2024 Africa Tech Festival for their pioneering Wealth on Wheels (WOW) initiative, aimed at transforming South Africa's minibus taxi industry. The awards ceremony, held on November 13, 2024, at the Bay Hotel in Camps Bay, Cape Town, celebrated outstanding technological innovation across Africa. The event recognized companies, individuals, and projects for their contributions to advancing technology on the continent. Launched at the Southern African National Transport Conference (SATC) in Pretoria, the WOW platform brings digital solutions to the heart of transportation, modernizing the minibus taxi sector and driving it into the digital era. In collaboration with the Eas...

17Nov

By Africa BusinessNo Comments

African News

SAFPS Warns: Technology is Emerging as a Major Battleground in the Fight Against Fraud

International Fraud Awareness Week is a global annual event dedicated to raising awareness about the widespread issue of fraud and showcasing the efforts across various sectors to combat this growing challenge. This year it takes place from November 17 to 24. "The role technology plays in fraud, and scams is becoming particularly challenging in South Africa," says Nazia Karrim, Head of Product Development at the Southern African Fraud Prevention Service (SAFPS), “with South Africa growing into an increasingly connected society, online fraud is a significant challenge that needs to be addressed." Be Careful of Business Email Compromise (BEC) The increased nature of technology-based fraud is evident in the recent statistics accompanying it. This is a significant challenge for companies th...

15Oct

By Africa BusinessNo Comments

South Africa News

Aleph Group and MTN collaborate to create novel local advertising opportunities

Aleph Group has been appointed as MTN Ads' sales partner by MTN's Digital Services, Africa's largest mobile operator's advertising division. This essential association will empower publicists to use MTN's immense first party information to empower exact crowd focusing, while at the same time taking advantage of center telco channels like SMS and stages like Ayoba, an across the board super application created by the MTN Gathering. "It's a remarkable recommendation on the lookout; one that incorporates our rewards-free, data-free, and device-independent solutions. According to General Manager Jason Probert, "This combination enables businesses to drive immediate engagement regardless of content or user journey, with measurable attribution." At MTN South Africa, we have digital services. ...

15Oct

By Africa BusinessNo Comments

South Africa News, Tech

Securing South Africa’s public sector requires the right mindset alongside robust technology

South Africa’s public sector has emerged as a prime target for cybercriminals following a spate of cyber-attacks on state-owned enterprises (SOEs) and government institutions. Cybersecurity specialists at ESET Southern Africa, say more robust security measures and greater awareness among public sector workers are needed to help close the gaps in cybersecurity. One of the most significant issues in the public sector is the lack of comprehensive security management. The public sector, and municipalities in particular, remain one of the most unmanaged environments when it comes to cybersecurity. Although most entities have basic antivirus systems in place, these solutions are inadequate for the scale and complexity of their operations and often miss other critical elements which are necessar...

14Oct

By Africa BusinessNo Comments

South Africa News

7 Myths You Should Know About Business Insurance

In our current struggling economy, businesses are looking to cut costs wherever they can in order to preserve their profits – or even just to stay in operation. If you’re a business owner, you may also be looking to cut expenses that aren’t the absolute essentials, like salaries and rent. More often than not, one of these perceived “non-essential” expenses is business insurance: according to a KPMG insurance survey from July 2023, only 50% of South African businesses have commercial insurance. “The irony, though, that a business may face even more risks than a larger corporation,” says Jaco Erasmus, Director of Insurance at Cornerstone Financial Services Group. “In addition, the financial strain of recovering from an unexpected event can be far more significant if your business has limite...

13Oct

By Africa BusinessNo Comments

Business, South Africa News

Unveiling Strategic Pathways to Accelerate Innovation in South Africa: BCX Releases 2024 Digital Innovation Index Report

BCX, in collaboration with EY-Parthenon, released the much-anticipated second edition of the BCX Digital Innovation Index Report at the Enterprise Forum held at the Mount Nelson, A Belmond Hotel, in Cape Town. This in-depth study delves into the core pillars of innovation—strategy, investment, operating models, skills, and culture—offering actionable insights for businesses at every stage of their innovation journey. Designed to help organisations assess their innovation strategies, the report also provides a detailed perspective on the rapidly evolving digital transformation landscape in South Africa. Melvin Reynolds, BCX's Digital Innovation lead, expressed his excitement for this year's report stating: "The second edition of the BCX Digital Innovation Index provides a benchmark for ...

13Oct

By Africa BusinessNo Comments

South Africa News

How to Find the Right Size Pool Pump

The main purpose of a pool pump is to provide water through the filtering system. This helps mix chemicals and sanitise the water, which keeps it clean. However, in order for this process to work the pool pump must be of the right size. You must consider flow rate, pool size, capacity and other important calculations. We have explained in detail all the factors you need to consider for buying the right size pool pump. The Capacity of Your Pool Many pool owners assume that a bigger pump size is better as it can handle more water. However, an incorrect pump size can cause many problems. Your pool's total capacity to handle water is called volume, and it is measured in gallons. This capacity can be determined by understanding the depth of your pool. You need average depth to calculate the...

1Oct

By Africa BusinessNo Comments

African News, Business, South Africa News, Startups

Attendees at the Oppenheimers’ South African Future Trust 2024 Summit Can Take Our Country Forward

The country’s premiere entrepreneurial showcase, the South African Future Trust Summit returns to the Sandton Convention Centre on 24 and 25 October – with more speakers, more stages, more opportunities - and a R500 000 investment prize for one stellar delegate. Headlining the event are African Leadership Academy founder Fred Swaniker; Founder & CEO of the Rehumanize Institute and co-founder & previous CEO of SingularityU Nordic, Laila Pawlak; Tasha’s Group CEO & Founder Natasha Sideris; South African songstress and motivational speaker Lira; financial journalist, speaker and author Bruce Whitfield and Veldskoen co-founder & CEO Nick Dreyer – with many more big-name presenters yet to be announced. The presenters and panellists will share their unique insights into how best...

3Sep

By Africa BusinessNo Comments

Real Estate, South Africa News

Construction of Club Med South Africa Progresses To 2026 Opening

Construction of Club Med's first Resort in South Africa is in full swing, and the excitement is building as it moves steadily toward its scheduled opening in July 2026. Officially named Club Med South Africa, this unique destination promises to deliver the perfect mix of beachside relaxation and safari experiences. Nestled alongside the north coast of KwaZulu-Natal, and bordered by vibrant wildlife reserves, the Resort will be an ideal escape for both international and local travelers looking for a blend of tranquility and adventure. Key Milestones and Construction Phases The scale of this development has necessitated a phased construction approach, allowing for multiple aspects of the project to advance simultaneously. The current focus is on three critical components: Hot...

3Sep

By Africa BusinessNo Comments

South Africa News, Startups

Embracing the entrepreneurial mindset: Lessons from the trenches

By Daniel Levy, Co-Founder and Co-CEO of Flow In the business world, nothing stays the same for long. This makes an entrepreneurial mindset not just helpful, but essential. So what does it take? How can eager entrepreneurs tackle the complexities of the modern market and come out stronger? Having walked this path myself, I know the road to success is rocky and rarely straightforward. But I’ve found it's this unpredictability that best hones the skills and fuels ambition. Here are five learnings that have shaped my experience and continue to drive my leadership at Flow into new territories. 1. Blind luck might open a door, but it’s grit that turns luck into success Luck, they say, favours the prepared mind. In my experience, luck is just the spark – grit is the fuel that keeps the fire ...