Wednesday, November 20African Digital Business Magazine

Tag: South Africa

Fintech, South Africa News

Remain vigilant in the face of increased banking scams urges the SAFPS

The end of the year is fast approaching, and with it, the festive season and general anticipation for that hard-earned vacation that many South Africans work so hard for during the year. While this is a time of good cheer and increased shopping activity to prepare for the December break, it is also a busy time for scammers who want to take advantage of this activity. Many South Africans have recently contacted a popular Johannesburg radio station reporting increased attempts at banking fraud, with scammers sometimes becoming increasingly aggressive and convincing. "This is not uncommon," warns Roy Retief, Head of Operations at the Southern African Fraud Prevention Service (SAFPS). Scammers generally tend to be more active during periods of increased consumer activity. It is essential to...
South Africa News, Tech

Metrofile Cloud launches EverFiles: Transforming cloud storage in South and East Africa

In a strategic move to cater to the burgeoning demand for secure and efficient cloud storage solutions, Metrofile Cloud today announced the official rollout of EverFiles, a cloud storage platform designed for businesses across South Africa and East Africa. EverFiles is predicted to make a significant impact as it launches amid a fast-growing enterprise file synchronization and sharing (EFSS) market, which is projected to reach USD 2,691.01 million by 2029, growing at a CAGR of 26.1%.  “EverFiles aims to be at the heart of digital workplace evolution, providing a seamless and secure platform for businesses to manage and share files,” stated Steve Porter, Managing Director at Metrofile Cloud. “In a region that is rapidly adopting digital and cloud-based solutions, EverFiles stands out by of...
South Africa News

NIQ South Africa releases FMCG and Tech Durables sales data for Q2 2024

FMCG trade grows 3% year-over-year to R303 billion for the first half of 2024 Technology and Durables market growth stable at 2% Promotions are the key to growth in a price-sensitive market  NIQ South Africa has released its latest State of the Retail Nation 1 analysis for the first six months of 2024. The data reveals that South African consumers spent R303 Billion on fast-moving consumer goods (FMCG) through traditional and modern trade channels during the first half of the year. This represents 3% year-over-year growth, with the gains primarily driven by price increases. Actual sales volumes decreased across most FMCG categories. Food and Personal & Health Care were the categories that showed the strongest growth at a time when consumers were under significant strain from ...
South Africa News

Beyond metrics: Trust is crucial to brand building

What do global brands like Google, Coco-Cola and Apple have in common? Other than being instantaneously recognisable by their corporate identity, they each own over 20% of the worldwide market share in their respective categories.[1] So, why would the likes of Coca-Cola – one of the most recognisable brands in the world with an already-captivated market – spend over $ 4 billion[2] annually on advertising? They understand the critical importance of building consumer trust in a saturated market. Seeking efficient growth in a tough economic climate, marketing leaders are scrutinising how and where to allocate their paid media budgets. While performance marketing is about driving immediate results and measurable success, brand marketing focuses on building and nurturing the brand for long-t...
South Africa News

SME confidence on the rise as GNU promises growth

As the nation approached the polls, iKhokha conducted a survey across its national base to learn more about SME confidence in our government. The survey revealed that 76% of SMEs felt government support to be ineffective in promoting small business growth and development. In May, retail spending fell by 0.7% month-on-month as uncertainty lead to more frugal consumer spending. This downturn was mirrored in the automotive sector, where new car sales saw a 14.2% drop. iKhokha also observed an 8% decrease in SME turnover in May and June as the nation held its collective breathe, watching potential coalition discussions play out in the media, further unsettling South African nerves. Last month, South Africa breathed a collective sigh of relief and entered a new era of our democracy with the f...
South Africa News

Industry-led tech solution designed to bring SA’s minibus taxis into the digital age

The Wealth On Wheels (WOW) initiative was launched at the recent Southern African National Transport Conference (SATC) in Pretoria. This initiative, led by the Eastern Cape Transport Tertiary Cooperative Limited (ECTTC) - the business arm of the South African National Taxi Council (SANTACO), in partnership with Ecentric Payment Systems and FORUS Digital, aims to revolutionise the local minibus taxi industry. The initiative seeks to use innovative technologies such as digital cash payments and blockchain to help minibus owners enhance operations and maximise their revenue, while creating a safer and more secure environment for the travelling public. The WOW platform will introduce digital cash payments, advanced fleet and vehicle management systems with GPS, camera monitoring, fuel rebates,...
Business, South Africa News

At the coalface of change

By Arjen de Bruin, Group CEO at OIM Consulting With Coal & Energy Transition Day taking place this month, the discussion around sustainability and coal mining ramps up, as the sector grapples with the desire and responsibility to lower its carbon footprint – but not lose its very reason for existence. Green gung-ho I would wager that all shareholders across every mining or manufacturing company in South Africa understand the onus on their business to ‘go green’; a broad term that essentially encompasses lowering one’s carbon footprint, seeking and utilising renewable energy sources, environmental conservation, recycling, waste reduction and more. Yet in recent times, our initial ‘green gung-ho’ seems to have slowed down. We still want to do this, but now we’re realising that the ...
Championing Innovation, Inclusivity, and Sustainability in Air Travel
Africa Travel, African News, Business, South Africa News

Championing Innovation, Inclusivity, and Sustainability in Air Travel

Marc Harding, Country Manager- South Africa, Virgin Atlantic Air travel is far more than merely transporting people from one destination to another; it's about the magic that happens in between and the reason for the journey itself. Whether it’s reuniting with family, making those bucket list dreams come true, or soaking in new cultures, air travel is all about those unforgettable moments. Right now, aviation is at a crossroads with more people flying, the planet heating up, and inclusivity taking centre stage. At Virgin Atlantic, as we toast to our fabulous 40th anniversary, we're doubling down on innovation, inclusivity, and sustainability. These aren’t just buzzwords for us—they're critical pillars that have been and will continue to be our focus moving forward. Innovating the Skies ...
Shift to omnichannel payments in retail to drive efficiencies and enhance CX
Fintech

Shift to omnichannel payments in retail to drive efficiencies and enhance CX

By Quintin van der Linde, Head of Business Development & Don Lange, Partner Manager at Ecentric Payment Systems Even as more retailers turn to setting up online storefronts to extend their presence and cater to shoppers looking for convenience, the majority of South Africans still prefer to shop at physical stores, and retailers are looking for a solution that gives them a better way of managing transactions and reconciliation. Enter omnichannel payments - a solution that can provide merchants with a single view of all transactions, while also enhancing the shopping experience for customers. The current reality is that while shoppers are offered the convenience of paying for their purchases online, in-store, on different devices and different platforms, they face an inconsistent expe...
Medicine, South Africa News

MMH & Partners Africa develops three-tiered response plan to eradicate & prevent continued spread of mpox virus in SA

The executive leadership team of MMH & Partners Africa can officially confirm that the local healthcare consultancy has developed a three-tiered response plan to eradicate and prevent the continued spread of the mpox virus in South Africa. The response plan emphasizes the urgent need for a consolidated effort between healthcare leaders, private sector stakeholders, and public entities to address this public health crisis effectively. The plan highlights three key pillars: Diagnostics (Detection), Therapeutics (Treatment), and Vaccines (Prevention). Each strategic pillar aims to emphasise the action steps that will be required to effectively prevent the needless loss of life as a result of the mpox outbreak across different regions in Africa. Pillar 1: Upscale Local Laboratory Capacit...