Author: Staff Writer

TymeBank, one of the world’s fastest growing digital banks, has partnered with National HealthCare Group to bring quality, affordable medical insurance to consumers, through the launch of TymeHealth, an app-based offering that provides medical insurance for as little as R139 a month. Statistics show that just 8,9 million South Africans are covered by a medical scheme, with the high costs of contributions making membership of a medical aid unaffordable for most of the population. Tauriq Keraan, TymeBank CEO says: “Our country has a population of just over 60-million people, and the dire reality is only one in seven South Africans…

After remaining unchanged at 43 points in the fourth quarter of 2021, the RMB/BER Business Confidence Index (BCI) increased to 46 in the first quarter of 2022. Although this is just below the neutral-50 mark reached in the second half of last year, the latest reading is nonetheless encouraging in that it equals the BCI’s long-term average which, at 46, is a far cry from the five-index-point low recorded at the height of the Covid-19 pandemic in 2020. Figure 1: RMB/BER Business Confidence Index Source: BER, SARB (Shaded areas represent economic downswings)    The fieldwork for the first quarter survey was…

Jaguar has unveiled its third all-electric virtual gaming sports car – the Jaguar Vision Gran Turismo Roadster. Jaguar’s latest all-electric virtual race car joins the grid for the launch of Gran Turismo 7 – the latest and most immersive iteration yet of the world-renowned racing game. The Jaguar Vision Gran Turismo Roadster is an all-electric single-seater that combines the race-proven powertrain from the Coupé with a taut, sculpted form inspired by the iconic, timeless Jaguar D-type. “As a car designer, being part of the team that has delivered three virtual cars for the Gran Turismo series has been a dream…

A private sector-driven task force will provide small businesses with instant financial assistance to survive the latest round of load shedding. It was re-initiated in Cape Town at the end of 2021. The “SME Load shedding Task Force” was launched by Lulalend, a fin-tech business that offers real time business funding to South African small businesses and which counts the World Bank Group’s International Finance Corporation (IFC) amongst its investors. Lulalend CEO Trevor Gosling says the task force has been reinstated to prioritise applications and provide an almost instant response to businesses in crisis due to load shedding. Many small…

The Independent Communications Authority of South Africa (ICASA) announced it had commenced with the Opt-In Phase of the spectrum auction process in line with its commitment for the licensing of high demand spectrum today. ICASA said in a statement that bidders submitted their bids in person between 10h00 and 12h00 this morning, and the bids’ evaluation was carried out in front of all authorised representatives following the close of the bids’ submission window. Even though there were four bidders who were eligible to bid, only three bidders submitted valid bids, namely Cell C, Rain Networks and Telkom, said ICASA. The…

Nearly a third of South Africa’s small- and medium-sized enterprises (SMEs) see digitisation as a challenge. Many are unsure about what to prioritise or feel overwhelmed by the sheer volume of technology decisions to make, often without the support of IT departments or chief information officers (CIOs) that guide larger businesses. This is why V-Hub was created. Launched by Vodacom Business, V-Hub is an online resource portal, specifically designed to help SMEs unlock their full potential as they embark on a digital transformation journey. “Adopting the right digital solutions will help SMEs become more agile and resilient, enabling them to…

Avo super app by Nedbank has grown beyond the bank’s expectations, further solidifying its place in the e-commerce space as it reaches the milestone of 1 million customers. The banking group said it had seen exponential growth and have doubled customer base in the last 4 months, with a staggering 50% of that being achieved in the last 4 weeks. Avo is becoming one of South Africa’s preferred destinations for online consumers, as it continues to lead the way in offering inflation-busting deals and promotions. Consumers are spoilt for choice with an ever-expanding selection of restaurants and liquor outlets with…

The Independent Communications Authority of South Africa (ICASA) has published a brief on the process for the imminent auction of high-demand radio frequency spectrum. ICASA said it stands ready for the much-anticipated and long-awaited auctioning of the International Mobile Telecommunications (IMT) – also referred to as high demand – spectrum, starting on 8 March 2022. This auction process follows the recent announcement of six (6) qualified bidders for the auction. The radio frequency spectrum in the 700 MHz, 800 MHz, 2600 MHz, and 3500 MHz bands is made available through this licensing process for the purposes of providing national broadband wireless…

Airtel – India’s largest telecom service provider for customers & business – has teamed up with Axis Bank, the nation’s third-largest private sector bank, to launch what they term the “first-of-its-kind” Credit Card with exclusive benefits. The Airtel Axis Bank Credit Card benefits include pre-approved instant loans, Buy Now Pay Later offerings and many more. The alliance, with its significant reach across the country will help penetrate tier 2 and tier 3 markets by enabling higher adoption of digitized payments. Airtel Axis Bank Credit Card users will enjoy exciting rewards* on their card spends – 25% cashback on Airtel Mobile/DTH recharges, Airtel Black and…

JSE-listed Metrofile, a leading document and electronic information management specialist in Africa and the Middle East, posted a 1% rise in headline earnings per share (HEPS) for the six months to end-December 2021. HEPS is South Africa’s main profit gauge. Metrofile said revenue increased by 4% to R474 million. The company said MRM Middle East has demonstrated significant growth over the past 18 months and is now its largest region outside of South Africa for both revenue and operating profit contribution. Secure storage contributed 58% to group revenue and was down 5% year-on-year due to a 5% reduction in paper…

Sony Group Corporation (Sony) and Honda Motor Co., Ltd. (Honda) today announced they are planning to form a strategic alliance that aims to create a new era of mobility and mobility services. The New Company plan to engage in the joint development and sales of high value-added battery electric vehicles (EVs) and commercialise them in conjunction with providing mobility services. “Sony’s Purpose is to ‘fill the world with emotion through the power of creativity and technology’, said Kenichiro Yoshida, Representative Corporate Executive Officer, Chairman, President and CEO, Sony Group Corporation. “Through this alliance with Honda, which has accumulated extensive global…

As the world looks to avert the worst of the climate crisis, it will be crucial for companies in all industries to make use of the latest innovations to ensure that they operate as sustainably as possible. For those in the ICT and digital spaces, making use of green optical networks will be crucial to their ability to do so. That was among the key messages at the Green All-Optical Network Forum 2022 hosted by IDATE, a well-known French research and analysis organisation. At the summit, all parties called for accelerating the construction of green optical networks. Huawei’s Richard Jin,…

Under the remit of its recently established Africa Transformation Office (ATO), Microsoft has announced new initiatives to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s startup ecosystem over the next five years. Microsoft’s recently launched global Founders Hub will now be available to African startups through the ATO. The Founders Hub is a self-service hub that provides startups with a wide range of resources, including access to mentors, skilling content, tools like Microsoft Azure and GitHub, and go-to-market and business support. Microsoft is also creating new partnerships with accelerators and incubators across Africa, including Grindstone, Greenhouse,…

South Africa may be behind the curve when it comes to electric vehicle adoption, but as the shift to mainstream EV acceptance edges closer, more and more motorists are weighing up the pros and cons of electric versus petrol and diesel. While there’s no denying internal combustion engine (ICE) cars still enjoy many inherent benefits, there’s one contest where EVs have an indisputable advantage. They’re simply cheaper to run per kilometre. Much cheaper in fact. To prove the point, Jaguar South Africa sent one of its senior driving instructors on a week-long mission to record and report the electricity consumption…

Netflix announced today that it is buying Next Games, a developer and publisher of mobile games based in Helsinki, Finland. Netflix would acquire Next Games for total value of €65 million ($72 million). The board of Next Games has unanimously decided to recommend that shareholders accept the deal. “Next Games has a seasoned management team, strong track record with mobile games based on entertainment franchises, and solid operational capabilities,” said Michael Verdu, Vice President of Games, Netflix. “We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game…

Investing in property is one of the biggest financial decisions a person is likely to make. New and increasingly sophisticated scams and incidence of fraud are on the rise and affect developers, buyers, sellers, estate agents, conveyancing attorneys, and other property professionals. “As property transactions typically involve substantial sums of money, they are a natural target for fraudsters. Tactics range from impersonating estate agents to intercepting emails with instructions on where to make payment for transactions as well as notices of change of banking details instruction, says Ryan Mer, CEO, eftsure Africa, a Know Your Payee (KYP) platform provider. While…

South African FinTech group Capital Appreciation Limited (Capprec) is on an acquisition spree in South Africa and the Netherlands. Capprec announced today it has acquired Responsive Technology group for the purchase price of c.R48,68 million. Capprec is a financial technology company with proprietary and licensed platforms, solutions, products and applications targeted at the B2B market. Its client base includes all major banking institutions in South Africa, as well as many niche banks, large financial services institutions and other financial services companies. In recent times, the company has also successfully diversified into the Retail, Telecoms and Healthcare sectors. The acquisitions include three South African companies:…

At the 2022 Mobile World Congress (MWC), Huawei launched innovative gigabit fibre-to-the room (FTTR) solutions. The solutions extend fibre to every room and aims to build an all-optical base for smart homes and digital enterprises, enabling gigabit Wi-Fi 6 coverage in each room and creating a brand-new digital life experience. Since the outbreak of COVID-19, global digital transformation has accelerated. Home broadband services have shifted from HD video-based entertainment to multi-centre services such as immersive XR experience, online office, and whole-house intelligence. Enterprise services have also migrated to the cloud. User experience is poor due to disadvantages of the traditional…

Corteva Agriscience has officially introduced PowerCore technology to South Africa’s maize farmers. The solution is a new high-performing, herbicide-resistant seed trait that effectively helps protect crops from damaging above-ground insects, such as the maize stalk borer and spotted maize stem borer. The company’s leading seed brands, Pannar and Pioneer will be offering PowerCore technology as part of new, high-yielding genetics within their respective maize portfolios. “South Africa’s agricultural, food and beverage exports hit a record high of $12.4bn (approximately R191.4bn) in 2021, with maize being a significant contributor, reaching its largest export volume since 1994/1995. What’s more, maize is a…

Takealot today announced its partnership with leading tech NPO GirlCode helping to empower millions of South African women in the world of tech. GirlCode was born out of a recognition of an inherent gender bias in the tech sector with only 23% of tech jobs in South Africa held by women. In addition, South Africa is facing a dire unemployment crisis, affecting young people in particular. GirlCode provides a solution to these problems by introducing girls and women to Tech from an early age, supporting them to upskill in coding and design. As part of its commitment to diversity and…

MyHealthTeam, creator of the largest and fastest-growing social networks for people facing chronic health conditions, today announced its partnership with South Africa’s largest private health insurance administrator, Discovery Health, to launch myCOVIDteam, a social network – also known as an online patient community – for people facing acute or long-haul symptoms of COVID-19 (known as ‘long COVID’). MyHealthTeam’s patient communities are patient-led, online groups where patients, caregivers, doctors, researchers, and others come together with a focus on a particular disease. They share stories, offer support and information, and even develop solutions where needed. “COVID-19 will have a wide-ranging impact on…

JSE-listed Metrofile, a leading document and electronic information management specialist in Africa and the Middle East, has deepened its suite of digital services – backup, disaster recovery, cybersecurity and specialised virtual private server (VPS) hosting – through its acquisition of IronTree. While paper-based document management remains a central pillar of securing content, the pandemic has meant that more documents are now originated, signed digitally, and then stored, indexed, and archived in cyberspace. A recent World Economic Forum report proposed the opportunities from the digital transformation of industries could be in the region of $100 trillion over the next decade. As an example,…

Pan-African FinTech enablement partner Ukheshe Technologies has appointed Darryn Botha as its Chief Information Officer. Botha’s role will include overseeing data security, maintaining a stable IT infrastructure, while enabling Ukheshe’s business strategy and improving its ability to engage and collaborate with clients. Botha has spent over 25 years in the financial services industry with experience in building bespoke insurance and investment platforms to service local and international markets, and helping startups deliver new and easy-to-use business acquisition channels. He also headed up the systems team in charge of implementing business solutions for Discovery Life, Discovery Insure and Vitality Life in…

VALR, a cryptocurrency exchange headquartered in South Africa, today announced that it has raised $50 million (over R767 million) in Africa’s largest ever crypto funding round. This values the company at $240 million (R3.7 billion). VALR’s oversubscribed Series B equity funding round was led by Pantera Capital with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, Avon Ventures, a venture capital fund affiliated with the parent company of Fidelity Investments, along with existing investors Bittrex and 4Di Capital, and others. VALR offers its customers the ability to safely buy, sell and store Bitcoin and…

Telkom has unveiled the March Big Deal to suit your monate needs, whatever that looks like. The SIM-only month-to-month deal gives you 80GB of data for R149 per month. The Telkom March Big Deal includes the following: 20GB Anytime Data (Validity period 61 days) 20GB Night Surfer data (Midnight to 7 am and Validity period 31 days) Plus 20GB additional Anytime data and 20GB Night Surfer data Huawei B535 LTE router Out of bundle rate for data: R0:30 per MB You can connect up to 64 devices at a time so you can share the monate with friends and family everywhere you…