Author: Gugu Lourie

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.…

Eskom has reported a decrease in theft and vandalism of critical electricity infrastructure, including mini-substations, transformers, and high-voltage pylons, compared to the previous year. However, these criminal acts remain a severe threat to South Africa’s power stability and public safety. Recent Arrests and Financial Impact A recent intelligence-driven operation by the South African Police Service (SAPS) led to the arrest of six suspects found with stolen Eskom equipment worth R1.5 million. The suspects appeared in the Ngwelezane Magistrate’s Court on 7 April 2025. From April 2024 to February 2025, infrastructure-related crimes cost Eskom R221 million, down from R271 million in the same period the previous year.…

How Smart Technology is Transforming Air Travel The air transport industry is undergoing its most significant transformation since the rise of the internet in the early 2000s. With passenger numbers expected to double by 2043 – reaching 7.9 billion travelers annually -airports face a critical challenge: how to handle this surge without unlimited space or resources. In a white paper titled ‘Airports of the Future’, SITA, a leading air transport technology specialist, highlights that while demand is skyrocketing, airports cannot expand at the same rate. Instead, they must optimize operations, reduce friction, and speed up passenger journeys: all while embracing cutting-edge technology. The Challenge: More Passengers,…