Author: Staff Writer
From AI hype to uncertain China’s reopening: join the international broker OctaFX as it compiles the 12 most important events that shaped the Forex market in the past year. The past year thoroughly shook the financial markets and had a lasting impact on the Forex market. As OctaFX celebrates its 12th anniversary, the company took this opportunity to compile a list of the most important events in the world of finance, along with their implications for investors and traders in 2023 and 2024. 1. The end of the U.S. Federal Reserve interest rate hike cycle. Starting in March 2022, the…
The South African Department of Communications and Digital Technologies (DCDT), represented by Acting DG Ms Nonkqubela Jordan-Dyani, and Huawei represented by CEO Will Meng, have signed a partnership agreement on the sidelines of the BRICS Ministers of Communications Meeting which took place in Cape Town last week. Huawei’s wealth of technical expertise and global experience in digitisation and its application across the private and public sectors make the company well placed to take on an advisory as well as practical role in assisting South Africa reach its goals in respect of the BRICS ICT Development Agenda and Action Plan (DAAP), which…
After becoming the country’s first retailer to tap into the Roblox space in 2022, Game launches Season 2 of ‘the Game game’ on the platform on 4 August 2023, bringing with it a new first for South Africa – locally-inspired and designed user generated content (UGC). Within the first hour of the GAME Game going live, it amassed more than 10 000 plays, with all limited UGC items (over 1000 units) claimed within this time frame. I attached an image of this limited piece, which was a groove-powered jetpack – complete with a boom box. Comments from players included feedback…
Our youth will be tomorrow’s leaders. This is something we frequently hear, but how are we preparing them? South Africa is a nation with many issues, and the ongoing problems that South African youth face today are extremely troubling. In this article, we speak to industry experts and ask them how we can help prepare our children for the future. Future-proofing youth with software development skills The most in-demand expertise and one of the most challenging sets of skills to get on the South African market actually remain inside the software development field. Andrew Bourne, Regional Manager, Africa at technology…
Continued growth in used passenger car sales and the drop in the average used car price in July bodes well for consumer affordability and the sustainability of the used car market. Used car sales momentum continued to pick up in July with sales growing by 8% month-on-month. A total of 32,090 units were sold, reflecting an increase of 2,434 units over June, according to AutoTrader Used Car Sales data. The current value of these used cars sold to date swelled a further 7.3% month-on-month to a whopping R12,932,363,057. And year-on-year growth rose 7.8% over July 2022’s cumulative total…
Chief Financial Officers (CFOs) are embracing the call from their CEOs and board members to take a more strategic role in the business – from being more involved in environmental, social and governance (ESG) initiatives to diversity, equity, and inclusion (DEI) initiatives – to spearheading digital transformation to shape the future of the business. However, the CFO’s traditional role of financial scorekeeping, regulatory reporting, and cost optimisation is just as crucial as ever in light of chronic inflation, slow economic growth, and a heavier compliance burden. Forward-thinking CFOs increasingly seek new technologies like artificial intelligence (AI) to co-pilot this complex…
Knife Capital reached final close for its $50 million or R941 million African Series B expansion fund, Knife Fund III. The Fund supports the expansion of African innovation-driven companies to fill a critical follow-on funding gap, as lead investor and through co-investment with other credible funders across the continent. The focus is on high-growth scalable South African B2B technology companies that have impact potential and show strong returns through exit optionality. The fund will also back entrepreneurs in other African countries who fit this investment profile in collaboration with experienced local partners. Support to African startups at the early growth…
MultiChoice Africa Holdings B.V (MAH) announced today that it had notified DStv subscribers of its withdrawal of services from Malawi with immediate effect. This follows the injunction issued by the High Court in Lilongwe in a matter between MultiChoice Malawi (MCM) and the Malawi Communications Regulatory Authority (MACRA) prohibiting an adjustment to the DStv tariffs. MCM said it does not offer the DStv service to the public and therefore cannot set or adjust tariffs for this service, a point repeatedly made to MACRA. As a result, the order handed down to MCM is incapable of being implemented by them but…
On Sunday, August 6th 2023, The Women’s Netball World Cup Finals, one of the world’s biggest female sporting events, took place on African soil. On the sidelines of the court was a spread of female camerawomen, an initiative spearheaded by the event’s production partner, SuperSport, to have women lead editing, camera, and production crews. The impact that this may have had on young women and girls watching the event could be far-reaching. Research suggests that the creation of same-gender role models for youth is linked to career choices in previously male-dominated fields such as STEM, later in their lives. A…
The explosion of generative AI has accelerated the need for data literacy in what was already a fast-paced, data-driven world. Data literacy is no longer a nice-to-have skill but a must-have in any field. To help more people develop these critical skills, SAS has launched its second, free Data Literacy e-learning course, Data Literacy in Practice, that empowers individuals and professionals to explore and visualise data with confidence. “In a world overflowing with data, unlocking its power sets you apart. Data literacy is more relevant than ever for young learners and professionals wishing to upskill and reskill,” said Dr. Emily Pressman,…