Author: Staff Writer

Shoprite is the first South African retailer to launch an instant electronic funds transfer (EFT) service. The EFT service enables customers to instantly send vouchers to another person in just three simple steps. Senders only need to enter the recipient’s mobile number and the amount they wish to pay. There is no need to download an app in order to transfer funds. Shoprite, in partnership with Ozow, developed this new service in record time in response to the unrest in KwaZulu-Natal and Gauteng – a safe and reliable way for customers to instantly send vouchers to others. To access…

South African rapper, songwriter and actor Big Zulu is set to release 10 tracks from his forthcoming album exclusively on the newly-launched streaming music app, Telkom Music powered by JOOX. This new body of work entitled ‘Ichwane Lenyoka’ by the isiZulu-speaking lyricist is expected to drop on Friday, 27 August 2021 and for some time, will only be available for download or streaming on the all-new, exciting music app hailed for data-saving. Big Zulu, whose real name is Siyabonga Nene, explained: “I’m thrilled! For me the synergy is clear: I want to make simple but good music that people can relate…

Enrolments for the 2021-2022 academic year are now open worldwide, including South Africa, for University of the People ­– the first non-profit, tuition-free, American-accredited online university. Open to all qualified applicants, the university offers affordable, accessible, quality higher education opportunities, helping the ‘missing middle student demographic’ overcome financial, geographic, political and personal constraints keeping them from tertiary education studies and, ultimately, from better employment opportunities. In South Africa, approximately 1.4 million individuals have completed secondary education but have been unable to enrol in a bachelor’s degree programme due to limited seats or financial constraints. These missing middle students are those…

With the high mortality rate of owls and, as one of the most common wildlife casualties brought into veterinary practices, MTN is launching a conservation partnership with the Owl Rescue Centre to provide safe homes for owls nesting in MTN towers. Today’s launch of the #OwlNetwork project is aimed at securing urban homes for Barn Owls and will see 100 boxes installed in network towers. MTN Barn Owl boxes are being made from recycled materials and the little houses will be installed in high-density areas across Johannesburg North and West, with the other provinces to follow. “MTN has a responsibility…

South Africa recently witnessed civil unrest that led to the destruction of infrastructure, looting, and violence that severely impacted many small and medium businesses and informal traders in parts of KwaZulu-Natal and Gauteng. Telkom has heeded the call to help clean up, rebuild, and grow SA by launching the SME Relief Project. The Telkom SME Relief fund, currently valued at R10 million, is aimed at providing aid to small business owners to rebuild their businesses and to urge South Africans and the private sector to rally behind SMEs. Small enterprises are crucial to SA’s economic growth and employ between 50%…

More than 100 women entrepreneurs have attended the first segment of Huawei South Africa’s Women4Tech digital skills training programme. By the end of the programme, Huawei aims to help women headed SMMEs advance their skills and help them use new technologies to grow, improve, and digitise their businesses. The cloud segment of the training kicked off with an introduction to cloud computing by Michael Langeveld, vice president Huawei Cloud Southern Africa. “Cloud computing is simply a big company taking care of servers in one location and providing capacity as people need them,” he said. He also explained the different types…

Imagine this: The sound of people working is constantly punctuated by the screech-and-scratch of dot matrix printers and the beeping of fax machines. Mobile phones are only just becoming popular and are not yet smart. In fact, professionals are more likely to engage in a quick game of Snake than manage a full productivity suite via their AI-enabled smartphones. Conference calls involve groups huddled around a speaker in a boardroom, instead of teams having discussions in full high-definition via their company-issued laptops. Sound far-fetched? This was the office of the early 2000s, a mere twenty years ago, when the world…

SMEs around the world have been severely affected by the COVID-19-induced economic downturn. Maintaining working capital, a key challenge faced by SMEs has become an even more urgent concern amidst economic uncertainty. Delayed payments, emergency expenditures and incorrect forecasts can easily derail the fine balance between incoming and outgoing funds that small businesses must constantly maintain. As small businesses may not yet have established trust relationships with their suppliers, they’re often obliged to pay for supplies up-front in full, further complicating cash-flow conundrums. Traditional bank-backed lending models, with their sluggish turnaround times, have added to the difficulties faced by SMEs,…

New York-based FinTech player Wahed, the parent company of the halal financial investment platform Wahed Invest, has received a new regulatory license from the Financial Sector Conduct Authority (FSCA), the regulator of the South African financial markets. Launched in 2017, Wahed runs an online investment management platform in the United States which ensures its portfolio does not include investments in companies in restricted sectors such as gambling, firearms and alcohol. Acquiring a new license has been a huge achievement for the FinTech company as it ramps up efforts to deliver investment services in the country. With this regulatory approval, Wahed…

Orderin, South Africa’s pioneering food delivery app, has relaunched as a B2B delivery-as-a-service platform, giving retailers across various industries the power to move online and deliver goods in minutes, without the cost of building and owning all the infrastructure needed to do so. Founded in 2012, Orderin built South Africa’s first food delivery app, paving the way for a robust and competitive sector. Their new model focuses on delivery-as-a-service, as well as providing all the software (SaaS) organisations of varying sizes need to power their on-demand experience – from customer facing technology to delivery fulfilment. With plans of a phased…

Paxful, a global peer-to-peer FinTech platform, announced Transfer to Bank. The service will debut first in South Africa via a partnership with OVEX, the South African-based cryptocurrency exchange platform specializing in over-the-counter (OTC) trading. Utilizing OVEX’s instant cashout mechanism, all Paxful users in South Africa will now be able to convert their Bitcoin directly into local currency (ZAR). This new, completely automated feature will work alongside all banks in South Africa. Paxful plans to open up the service to a handful of other countries in the coming months. Additionally, the company expects to add Ethereum (ETH) and Tether (USDT) to…

Teraco, Africa’s largest vendor-neutral data centre and interconnection services provider, has completed the JB3 data centre facility, located within the Isando Campus in Ekurhuleni, east of Johannesburg, South Africa. This multi-billion-rand facility represents a strategic addition to Platform Teraco, offering enterprises a scalable platform for IT infrastructure deployment while sustaining performance, reliability, security, and the widest network choice. JB3 comprises 45000sqm of building structure, 12000sqm of data hall space, and 29MW of critical power load. When combined with the existing Isando Campus facilities, the critical power load totals 40MW across the campus data centre footprint with room for further growth.…

The Shoprite Group has launched its new ground-breaking digital business hub, ShopriteX which is piloting Checkers Rush, an automated, cashless “no queues, no checkout, no waiting” concept store, where employees can grab products and walk out. Incubated over the past year, ShopriteX is combining data science and technology create more personalised shopping experiences for customers. ShopriteX already delivered two industry-leading innnovations – Xtra Savings, South Africa’s fastest-growing rewards programme with 20 million members to date, and Checkers Sixty60 the first on-demand 60-minute supermarket grocery delivery service in South Africa. “We are serious about being Africa’s most customer-centric retailer, and the launch of ShopriteX represents our investment in fit-for-the-future precision retail, which is increasingly digital and data-led,” said Pieter Engelbrecht, Shoprite Group CEO. The launch is part of Shoprite’s…

South Africa has to date administered 9 557 542 jabs with 158 103 of those being administered on Monday. The total number of Pfizer administered in the last 24 hours was 122 056 and a total of 36 047 Johnson and Johnson were administered. Meanwhile, South Africa recorded 7 983 new COVID-19 cases bringing the total number of laboratory-confirmed cases to 2 613 569. This increase represents a 21.1% positivity rate. “As per the National Department of Health, a further 299 COVID-19 related deaths have been reported, bringing total fatalities to 77 440 to date,” the National Institute for Communicable Diseases (NICD) said. The majority…

Shoprite is once again stepping up to enable entrepreneurs to grow their businesses with the 2021 Shoprite Hustle competition. The annual competition boosts small business development and will celebrate established and promising small business owners who stand to win a share of more than R1 million in prizes. The 20 winners will each receive R50 000 in cash, a laptop, digital and social media support and access to Startup Circles’ Ignition programme. Shoprite recognises the critical role the more than 2 million SMME’s (Small Medium and Micro Enterprises) in South Africa, many of which are in the informal sector, play in growing the country’s economic future. Established small business owners, aged 18 or over and a citizen or permanent resident of South Africa, are eligible to apply. Entries must be submitted online by 19 September 2021, and winners will be announced between 27 September and 31…

Affordable residential and student housing specialist, Quorum Holdings, is the first in South Africa to accept rental deposits in cryptocurrency, and to allow tenants to potentially benefit from an increase in value. While rental deposits are standard practice in South Africa, tenants do not usually benefit from the money being held by their landlords. And deposits can be held for several years, depending on the lease. With a growing portfolio expected to reach around 3,000 residential units in Johannesburg over the medium term and another 5,000 beds in student accommodation through a subsidiary Urban Circle, the business owns and manages…

Africa’s largest content platform as a service (CPaaS) provider, SMSPortal, has seen the COVID-19 pandemic intensify the demand for Content-as-a-Service, with some 1.3 million businesses using app-to-peer (A2P) SMS in 2020, according to their data. “The CaaS market is growing massively, both globally and here in SA,” says James Pearce, co-founder of SMSPortal. “Today, the total number of businesses now using this channel, globally, is just under eight million, which is an increase of 20% on the number using A2P SMS prior to the pandemic.” Given the impact of the pandemic and of course, the dispersed working environment most find…

TymeBank, one of South Africa’s leading digital banks, will export its business concept and experience to its international sister company Tyme’s newly established banking operations, GOtyme, in the Philippines. GOtyme, which has had its digital banking licence application approved by the Philippines Central Bank, will benefit from TymeBank’s high-touch high-tech banking model, world-class technology, unique kiosks and digital banking expertise to bring banking simplicity and financial empowerment to the lives of Filipino consumers. The approval of the licence application, which is the first of a three-step Philippines Central Bank application process, comes shortly after TymeBank secured international investors in February…

BrainQ, an Israeli stroke therapy technology startup, today announced it has raised a $40 million or R592 million to support a multicenter pivotal trial for its groundbreaking technology for ischemic stroke survivors in selected US hospitals.  The funding round is led by Hanaco Ventures, along with Dexcel Pharma, and Peregrine Ventures, bringing the total raised by the company to over $50 million or R739 million. This year, BrainQ received FDA Breakthrough Device Designation allowing the company to work closely with the FDA to expedite development plans and premarket clearance, with access to the new Medicare Coverage of Innovative Technology pathway. “We’ve seen…

MALII FinTech platform, founded by Oratile Seabela, aims to solve the cash payment system, lack of public transport integration, financial exclusion, and inefficiencies in the minibus taxi industry. MALII is an app that enables taxi commuters to make payments without using cash. Commuters upload funds for the month in the MALII wallet, using their bank card or top up at the nearest spaza shop. They then find a QR code sticker positioned on the taxi window and can scan the QR code with their smartphone. The idea for MALII came to Oratile in 2017 while she was taking a taxi.…

The South African Medical Association (SAMA) has expressed its dismay at reports that some healthcare workers, including doctors, have discouraged patients from getting COVID-19 vaccinations, based on doubts about the vaccine’s safety and effectiveness. SAMA Chairperson, Dr Angelique Coetzee, said the organisation wholly rejects any doubts about the COVID-19 vaccine. “There is high confidence among the scientific and medical community about the effectiveness and safety of the vaccines being rolled-out in South Africa, and they have also undergone safety and efficacy tests by the South African Health Products Regulatory Authority. “These are overwhelming endorsements of the vaccines, and there should…

The Department of Public Enterprises has announced a master plan for the Port of Durban which will seek potential private investments of R100 billion into the port over at least the next ten years. Public Enterprises Minister Pravin Gordhan says the master plan for the Port of Durban is currently undergoing consultation processes. “The Port Master Plan…will serve as a basis for investment in the port both in respect of the port infrastructure – now governed by the Transnet National Ports Authority – but also in respect of the terminals and the freight infrastructure that services these ports as well,”…

The South African Health Products Regulatory Authority (SAHPRA) has authorised local biotechnology company CapeBio to manufacture rapid COVID-19 polymerase chain reaction (PCR) test kits. Announcing the approval of the test kits on Monday, Science, Technology and Innovation Minister, Dr Blade Nzimande, said the COVID-19 test kits, co-developed by CapeBio and the Council for Scientific and Industrial Research (CSIR), will help to reduce South Africa’s reliance on imports, making it easier for the country and the rest of the continent to gain speedy access to test kits. “Given Africa’s dependence on imports, the government, through the Department of Science and Innovation…

Former ICASA CEO Pakamile Pongwana has passed away, the Independent Communications Authority of South Africa said in a statement. “ICASA is deeply saddened by the recent passing of its former Chief Executive Officer (CEO), Mr Pakamile Pongwana,” reads the statement. Pongwana was at the helm of ICASA as the CEO from 2013 to 2017, where he contributed immensely to the work and performance of the Authority. “He is widely regarded as one of the industry veterans and a key architect of the ICT sector since the dawn of democracy,” said ICASA. “When joining ICASA as CEO, Pongwana arrived at a time…

The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC, announced today the addition of four new branches to the 2Africa cable. The branches will extend 2Africa’s connectivity to Seychelles, the Comoros Islands, and Angola, and bring a new landing to south-east Nigeria. The new branches join the recently announced extension to the Canary Islands. 2Africa, which will be the largest subsea cable project in the world, will deliver faster, more reliable internet service to each country where it lands. Communities that rely on the internet for services from education to healthcare,…