Author: Gugu Lourie

Admyt is South Africa’s top digital parking platform, revolutionising the industry with License Plate Recognition (LPR) technology to deliver a seamless, ticketless, and cashless parking experience. Since its founding in 2015 by Jordan Wainer, Admyt has eliminated the need for paper tickets, queues, and cash payments, offering a smarter alternative for office parks, residential centers, and shopping malls. With over 70 active locations, 1,000+ lanes, and 400,000 registered vehicles, Admyt is rapidly expanding, partnering with major landlords like Hyprop and Growthpoint Properties. But how does this homegrown innovator compare to global parking giants? Admyt vs. Global Competitors: A Comparative Look…

The Financial Sector Conduct Authority (FSCA) has fined African Bank Limited R700,000 for misleading advertising in its #KeFestive social media campaign. The FSCA found that the ads wrongly called a personal loan an “investment”, breaking banking rules. Why African Bank Was Fined The FSCA said African Bank’s December 2023 ad—featuring a celebrity—used the slogan “It’s not a skoloto chomi! Ke investment” (meaning “It’s not a quick loan, it’s an investment”). This was false and misleading because loans and investments work very differently. The FSCA’s Conduct Standard 3 of 2020 requires banks to: Ensure ads are clear, fair, and truthful (Section 6(1)). Avoid false promises or misleading claims (Sections 6(3)(a) & (b)). African Bank also failed to properly review the ad before…

In 2024, South Africans are traveling less internationally but are increasingly purchasing from global online platforms. Data from Discovery Bank reveals shifting consumer trends, with travel spending stabilizing post-pandemic while e-commerce transactions surge. Key Travel Trends for South Africans Top international destinations: UK, Mauritius, Australia, US, and UAE. Travel costs rise: Despite fewer trips, spending per trip has increased. Discovery Bank savings: Clients saved over R700 million on flights, car hire, and accommodation via Vitality Travel. Spending Habits: Affluent vs. Mass Market High-net-worth individuals spend 3% more on travel and 1% more on dining than the national average. Everyday affluent consumers prioritize dining and takeout, spending slightly less on travel. Mass market segments focus more…

The shift toward paperless parking systems is transforming the way shopping centres and malls manage vehicle access, payments, and security. While first-world countries have rapidly adopted advanced digital parking solutions, South Africa is gradually catching up, facing unique challenges and opportunities. This article explores how paperless parking systems compare between South Africa and developed nations. What is Paperless Parking? Paperless parking eliminates the need for physical tickets by using: License plate recognition (LPR) Mobile apps for payments SMS or QR code-based validation Contactless payments (NFC, Apple Pay, Google Pay) This system improves efficiency, reduces congestion, and enhances security. Paperless Parking in First-World Countries Countries like…

South Africans are rapidly adopting a variety of new subscription services – from AI and sport bookings to groceries and eCommerce – with Discovery Bank clients leading the way. In 2024, subscription spending has diversified across AI tools, sports bookings, grocery deliveries, and eCommerce platforms. This shift reflects growing consumer demand for convenience, automation and personalised digital experiences AI subscriptions, in particular, have tripled in spending share since 2023, the fastest-growing category. Discovery Bank clients are at the forefront, adopting AI subscriptions at 160% the national average. This surge highlights AI’s rapid integration into daily life. These insights come from Discovery Bank and Visa’s…

Online entertainment is now the fastest-growing category in South Africa’s digital spending, surging by 110% since 2023. Consumers are flocking to streaming services, sports betting, and event bookings, with Discovery Bank clients leading the charge. The latest Discovery Bank and Visa SpendTrend25 report reveals key insights into South Africa’s evolving entertainment habits, analyzing credit card spending from 2019 to 2024. Key Trends in Online Entertainment (2024) 110% Growth in Online Entertainment – The biggest jump in digital spending. Streaming, Sports Betting & Event Bookings dominate. Discovery Bank clients spend more & get early ticket access – driving a 20% increase in average transaction value. Sports bookings (like paddle) grew by 64%…

A breathtaking 1,450 sqm triple-story residence in Bryanston’s most exclusive gated enclave—one of only 11 prestigious homes—has hit the market for R48 million. Designed by renowned architect Aurelio Cimato, this 5-bedroom, en-suite home offers immediate occupancy and redefines luxury living with magnificent views, cutting-edge amenities, and seamless indoor-outdoor flow. Listed by Lynn Petzer of Lynn Estates, this architectural marvel blends sophisticated elegance with entertainer-friendly spaces, making it a rare find in Johannesburg’s elite property market. Key Features: Ground & Upper Levels: Grand double-volume entrance with glass doors & spiral staircase Entertainer’s lounge with mirror ceiling, 10-seater dining, and built-in bar Floor-to-ceiling glass doors opening to a covered terrace, rim-flow pool & landscaped garden State-of-the-art…

Phygital shopping, the seamless blend of physical and digital retail experiences, is gaining momentum globally and in South Africa. According to research, 21% of South African consumers now prefer phygital options like browsing online before buying in-store or using click-and-collect services. Discovery Bank and Visa released their new SpendTrend25 report, their third annual collaborative report of South African consumer spending habits based on an in-depth analysis of credit card spend data. Combining their extensive datasets and analytical expertise, SpendTrend25 tracks how consumer spending habits have evolved between 2019 and 2024 among Discovery Bank clients and the broader South African population. The Global & Local…

Virtual cards are rapidly growing in popularity among South African consumers, driven by heightened demand for security, convenience, and rewards. According to the Visa and Discovery Bank SpendTrend25 South African Consumer Survey, 45% of respondents now use virtual cards, citing benefits such as reduced fraud risk and seamless digital transactions. Why Virtual Cards Are on the Rise VisaNet data reveals that digital wallet transactions experience six times fewer fraud incidents compared to physical cards, reinforcing their safety advantage. Additionally, virtual cards eliminate the wait for delivery, users can generate and activate them instantly via banking apps. Consumer Insights from SpendTrend25 To deepen its findings, Visa…

The all-electric Volvo EX90 has been crowned World Luxury Car at the 2024 World Car Awards, solidifying its position as the most impressive luxury vehicle launched in the past year. The seven-seat electric SUV impressed the global jury with its refined Scandinavian design, cutting-edge safety technology, and premium comfort—making it a standout in the competitive luxury segment. The prestigious award was announced today ahead of the New York International Auto Show, where the Volvo EX90 triumphed over strong rivals. A panel of 96 automotive journalists from 30 countries evaluated the EX90 in real-world driving conditions, praising its 510-horsepower twin-motor powertrain, silent yet dynamic performance, and ergonomic luxury interior designed for long-distance comfort. A Recognition of Excellence “We’re pleased to…

Opera has introduced its free browser AI, Aria, to Opera Mini, its popular Android-based browser with over 100 million users worldwide. This update brings powerful AI capabilities, including real-time web research, content summarization, and image generation, directly into the browser at no extra cost. AI Meets South Africa’s Growing Demand “AI is rapidly becoming an integral part of the daily internet experience, and we’re seeing a great interest in AI solutions among South Africans, so bringing Aria to Opera Mini is a natural addition to our most-downloaded browser. With the integration of our built-in AI, Aria, we’re excited to explore how AI can further…

Learners from Mpumalanga and the Free State are gaining future-ready skills through Telkom Foundation’s Robotics and Coding Programme, marking a major step in closing South Africa’s digital divide. Empowering Youth with Future-Ready Skills Telkom, via the Telkom Foundation, is making significant progress in equipping disadvantaged youth with critical digital skills through its ICT Learnership and Robotics and Coding programmes. “We believe that technology is a great equaliser. This is all about giving every South African child a fighting chance to compete, create, and contribute to a better future,” says Judy Vilakazi, Head of the Telkom Foundation. 1,077 Graduates Ready for the Digital Economy On 11 April…

Cape Town and London-based private equity firm Inspired Evolution has announced the final close of its Evolution III Fund on 3 March 2025, securing $238 million in total commitments. This milestone solidifies the firm’s role as a leader in Africa’s energy transition, driving sustainable development through clean energy infrastructure, energy access, and energy transition investments. The final close attracted additional commitments from Oesterreichische Entwicklungsbank (OeEB) and the International Finance Corporation (IFC), broadening the fund’s investor base. Evolution III follows the success of its predecessors, focusing on clean energy infrastructure, resource efficiency, and energy access to accelerate Africa’s shift toward renewable energy. Strong Investor Confidence in Africa’s Green Future Evolution…

Alan Fuchs, DA Gauteng Constituency Head for Roodepoort, has called out the City of Johannesburg for its chaotic billing system, which continues to overcharge residents despite approved tariff reductions. The Democratic Alliance (DA) demands immediate action to rectify the issue and ensure automatic refunds for affected households. Residents Overcharged Due to Flawed Billing System At the start of the 2024/2025 financial year, the City of Johannesburg approved a reduced sewerage tariff of R314.60 per unit for multi-dwelling properties valued under R700,000. However, instead of automatically applying this lower rate, the City has continued billing residents at the higher tariff of R704.47 per unit. When residents…

Airports Company South Africa (ACSA) is championing digitalisation and automation in air cargo, advocating for streamlined trade processes and smarter infrastructure to boost global efficiency and competitiveness. Speaking at the inaugural ICAO Global Air Cargo Summit in Antalya, ACSA CEO Mpumi Mpofu stressed the need for simplified, standardised data requirements across borders. “Digitisation increases efficiency, reduces turnaround times, and improves accuracy – but governments must play their part by reducing the complexity of cross-border documentation,” she said. The Critical Role of Air Cargo in Global Trade Mpofu highlighted air cargo’s vital role in supporting industries like e-commerce, pharmaceuticals, and advanced manufacturing. She pointed to O.R. Tambo International Airport…

The International Finance Corporation (IFC), a member of the World Bank Group, has committed a R1 billion ($58 million) loan to Balwin Properties to develop over 14,500 affordable, eco-friendly apartments in Tshwane’s Mooikloof Smart City. This landmark investment aims to tackle South Africa’s housing shortage while promoting sustainable urban development, job creation, and economic growth. Key Highlights of the Investment 14,500 EDGE Advanced Certified Homes – Each apartment will meet IFC’s Excellence in Design for Greater Efficiencies (EDGE) Advanced standards, ensuring 40% lower energy use, 20% water savings, and reduced long-term costs for homeowners. Government & Private Sector Collaboration – The project aligns with South Africa’s Strategic Integrated Project (SIP) initiative, with the government funding bulk infrastructure (water,…

TechFinancials, in partnership with the Empire Partner Foundation, is thrilled to announce the return of the TechFinancials Q&A Competition – a platform for brilliant minds to showcase innovative ideas and win exciting prizes! Do you have a vision for a safer, more efficient future in South Africa’s mining sector? This is your chance to turn your ideas into reality – and walk away with R5,000! The Empire Partner Foundation and TechFinancials believe in the power of innovation, and we’re looking for change-makers ready to shape tomorrow’s industries. This Round’s Challenge: Question: How can automation make South Africa’s mining sector safer and…

A new Capitec survey of thousands of South Africans reveals that 87% feel high data costs restrict their access to work, education, and essential opportunities. This finding aligns with Capitec Connect’s decision to drastically reduce prepaid data bundle prices, making connectivity more affordable amid rising living expenses. As South Africa’s fastest-growing mobile virtual network operator (MVNO), Capitec Connect adds roughly 180,000 active users monthly. The updated pricing ensures more South Africans can stay connected without breaking the bank. New Capitec Connect Data Prices: 500MB (1-day): R10 1GB (7-day): R25 2GB (7-day): R35 5GB (7-day): R85 5GB (30-day): R100 10GB (30-day): R150 Dr. Dalene Steyn, Head of…

New GX Capital, co-founded by Dark Fibre Africa (DFA) pioneer Khudusela Pitje, and RMB Ventures (RMBV) have launched Airnergize Capital Fund I, a R2.4 billion ($120 million) clean tech investment vehicle targeting renewable energy, gas and water infrastructure across Southern Africa. “Our journey into the utility industry started six years ago, and we are committed to investing in solutions that will drive sustainable change across Africa,” said Khudusela Pitje, Founder & CEO of New GX Capital. “Access to clean energy, water, and gas is fundamental to economic growth and social upliftment.” The fund aims for a final close of R4 billion ($200…

World YMCA and SecondMuse Capital have joined forces to develop innovative finance solutions that break down barriers to youth employment and create jobs in green economy. This collaboration aims to empower underserved young people by guiding them into meaningful work that offers self-sufficiency, dignity, and purpose. SecondMuse Capital, a sister company of innovation firm SecondMuse, recently unveiled findings from the World YMCA Learning to Earning (L2E) Future Economy Lab (FEL), conducted in partnership with Generation Unlimited (GenU). The FEL explored high-potential financial mechanisms to support youth not in employment, education, or training (NEET). The report highlights how innovative finance can…

Discovery Life has released its 2024 claims report, revealing R11.5 billion paid to clients. This includes: R6.85 billion in individual life claims: R3.4 billion for life cover R1.5 billion for severe illness R933 million for disability R673 million for income protection R2.4 billion in Shared-value rewards (health & financial incentives) R2.3B i billion Group Risk payouts Sylvia Steyn, Head of Claims, emphasises: “We paid 99.3% of claims, reinforcing our commitment to clients when they need it most.” Living Benefits Outpace Death Claims Discovery Life pays over 60% of benefits to living clients—far above the industry average (20-30%). Highlights include: R3.1 billion in living benefits (illness, disability, income protection) R2.4 billion…

In the heart of South Africa’s most vibrant township, Shovebike is transforming last-mile delivery with sustainable e-mobility, blockchain incentives, and grassroots empowerment. Founded by Zakhele Mhlanga—whose Zulu name means “build it yourself” – this innovative startup merges tradition and tech, proving that green transport can be both affordable and scalable. A Vision for Sustainable Mobility Shovebike’s name is a fusion of Nguni and English: “Shov” (pedaling) “e” (electric) “Bike” (their vehicle of change) “Our mission is to make cycling – especially e-mobility – a viable, democratic transport solution, not just a lifestyle,” says Mhlanga. “Soweto is awakening to green mobility, and our community isn’t just adopting it—they’re leading it.” Global…

South African-founded food delivery platform Spaza Eats has unveiled Spaza Parcel, a new service that empowers individuals and businesses to send and receive parcels effortlessly. Whether it’s a small business fulfilling orders or someone sending a package to family, Spaza Parcel offers reliable, township-friendly delivery at your fingertips. “Spaza Parcel puts delivery power into the hands of everyday South Africans,” said the company. Key Highlights:  Nationwide Expansion Plans – Currently available in Gauteng, with plans to scale across South Africa soon.  Township-First Approach – Designed to support informal traders, families, and small businesses. Part of a Larger Ecosystem – Spaza Eats is building a digital township ecosystem for…

The Financial Sector Conduct Authority (FSCA) has alerted the public about a fraudulent website (www.viviersbrokers.com) impersonating Viviers Brokers CC (FSP 2246). The scam offers fake investment opportunities, including retirement annuities, unit trusts, and a trading platform for forex, commodities, and indices. Key Red Flags: Viviers Brokers confirmed they do NOT own a website or use one for marketing. The site’s operators are not FSCA-authorised to provide financial services. Scam tactics include: Promising unrealistic returns Pressuring victims with urgency Demanding upfront payments Offering vague investment details How to Verify Legitimate Providers: Call FSCA: 0800 110 443 (toll-free) Check authorised entities: FSCA Regulated Entities List FAIS Act Authorised FSPs Why This Matters: South Africans lose millions…

The Financial Sector Conduct Authority (FSCA) has issued a public warning about a scammer impersonating Mr. Luzuko Nomjana, a representative of Prescient Investment Management (Pty) Ltd (FSP No. 612). Key Details of the Scam: The fraudster is using Mr. Nomjana’s name and photo on WhatsApp to deceive victims. A confirmed ABSA bank account (9384035403) is linked to the scam. Prescient’s Compliance Officer, Ms. Nazley Herandien, confirmed they were alerted by a victim who was defrauded. How to Protect Yourself: Verify financial service providers by contacting the FSCA: Toll-Free: 0800 110 443 Online Search: Check authorised FSPs here | FAIS Act authorised providers (Replace with actual links) Be cautious of unsolicited investment offers on WhatsApp, social media, or messaging platforms.…