Author: Gugu Lourie

In a move to address the growing demand for skilled technology professionals in South Africa, Regenesys Business School has launched the School of Technology. This initiative is driven by the urgent need to bridge the existing skills gap in the tech industry, fostering innovation and supporting economic growth. According to Nicolaas Kruger (NK), CEO of Regenesys School of Technology, the establishment of the school aligns with Regenesys’ vision to transform lives by awakening potential and nurturing a new generation of holistically developed technology leaders. See below the Questions and Answers for an interview with NK conducted by TechFinancials: What motivated…

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The flagship new Range Rover Sport SV has ignited significant demand among South African clients, with all 35 limited-edition Range Rover Sport SV EDITION ONE units being fully reserved upon order opening. According to the Land Rover website, Range Rover SV retails for more than R4.4 million, suggesting that a Limited-Edition Range Rover Sport SV EDITION ONE will cost even more. Based on this price, it indicates that affluent South Africans are ready to spend approximately R154 million to acquire these exclusive vehicles. Jaguar Land Rover South Africa’s Product and Pricing Manager, Janico Dannhauser, mentioned in a statement that close…

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Pepkor, a JSE-listed retailer renowned for quality clothing at discounted prices, is a big player in South Africa’s FinTech ecosystem. FinTech is revolutionising how customer needs are met by enhancing accessibility, reducing costs, and providing personalised financial solutions. Through digital banking and online payment systems, customers can conduct transactions conveniently from anywhere, while automated services and robo-advisors offer efficient, low-cost financial management. FinTech also promotes financial inclusion by extending microloans and mobile banking to underserved populations. Additionally, the use of data analytics allows for tailored financial products, and advanced security measures, such as blockchain and fraud detection technologies, to ensure…

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Pepkor, a JSE-listed retailer renowned for quality clothing at discounted prices, has quietly entered the smartphone market. The Pep clothing retail arm sold 8-million cellular handsets in one year, with 50% being smartphones. Pepkor has also introduced a cellular handset rental option called FoneYam at 180 Pep and Ackermans stores by December 2023. The retailer said FoneYam has now been rolled out to 1 000 stores. Today, Pepkor disclosed that FoneYam cellular handset rental product, which makes smartphones affordable and accessible to customers, was rolled out further with more than 200 000 active FoneYam customers by the end of the…

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Generative AI (GenAI) is the next big leap for PC technology, promising to bring unseen levels of productivity and efficiency to businesses worldwide. With AI-enabled PCs, we can expect faster decision-making, streamlined workflows and smarter data analysis. Just as the introduction of the PC 40 years ago revolutionised the way we work, GenAI will shape the future of the PC-human experience, unlocking new possibilities for growth and innovation. As AI grows alongside technological advancements in PCs, Dell predicts that PCs will move beyond driving human productivity to driving human performance. AI promises immense productivity benefits, reduced latency and improved cost…

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Santam, South Africa’s largest short-term insurer, has wholly acquired Kandua, a leading online marketplace company for home services. Kandua will merge with Santam’s existing home service offering, Home+, forming a wholly owned, independent subsidiary of the insurer. The Kandua.com website offers an online marketplace for home services that enable consumers to connect with, compare and hire professionals across hundreds of service types, such as plumbers, electricians, carpenters, and more. Service providers can use the ‘Kandua for Pros’ app to find new customers and easily manage their core business processes. “Kandua’s talent, technology and customer base are valuable assets for our…

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Capitec Bank is taking decisive steps to address the persistent issue of long queues at its ATMs. Capitec clients continue to favour cash transactions despite the availability of electronic alternatives. This preference for paper money has led to frequent social media jibes about Capitec’s loyal patrons enduring lengthy waits. Clients choose Capitec ATMs over those of other banks even if it means standing in line for a longer time. Capitec’s retail bank active clients grew to 22 million versus 19.9 million in 2023, 11.2 million of whom use the banking app compared to 9.4 million in 2023. As Capitec’s customer base expands,…

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Discovery Bank today introduced its new Home Loan product, offering clients competitive, personalised interest rates based on their individual risk profiles. Leveraging its established Shared-value Banking model, clients can reduce their interest rate by up to 1% by effectively managing their finances with Vitality Money and securing their home loan and property with Discovery’s insurance products. Discovery Bank clients can secure a market-related rate upfront and further reduce their interest repayments over time by managing their finances wisely, resulting in long-term savings. This shared-value approach could enable the current Discovery Bank client base to save up to R2.8 billion in…

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Elon Musk’s AI startup, xAI, announced today that it has secured $6 billion in a new funding round. This significant investment, one of the largest in the rapidly growing AI sector, aims to bolster xAI’s competitive stance against rivals like OpenAI, Microsoft, and Google. The Series B funding round attracted support from prominent investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Prince Alwaleed Bin Talal, and Kingdom Holding, as noted in the startup’s blog post. xAI has made significant strides over the past year. From the announcement of the company in July 2023, to the release…

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The Federal Communications Commission (FCC) has proposed a $6 million fine against Steve Kramer, who has confessed to orchestrating the fake call sent to thousands of people in New Hampshire on the eve of the state’s January primary. Kramer used used voice-cloning tech to impersonate President Biden in a series of illegal robocalls. According to NPR, Kramer has also been indicted on criminal charges in four New Hampshire counties, including 13 counts of voter suppression, a felony, and 13 counts of impersonating a candidate, a misdemeanour. In a statement, the FCC proposed a substantial fine for apparently illegal robocalls made using deepfake, AI-generated voice…

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