Author: Staff Writer
Sage, the leader in accounting, financial, HR, and payroll technology, announces a series of innovative updates to Sage Intacct to help businesses across the world simplify financial consolidations, streamline operations and improve financial planning. “Midsize businesses require speed and agility in the finance and accounting workflows that underpin every facet of their operations,” said Dan Miller, EVP Sage Intacct. “We’re helping them modernize their financial management systems to streamline processes and gain insights, enabling them to drive efficiency, reduce costs, and prepare for rapid growth.” Partial Ownership through Tiered Consolidations This innovative feature streamlines the consolidation process at an entity…
Banking as a Service (BaaS) and embedded finance enabler Ukheshe has recently launched a new innovation hub, Ukheshe Labs, to focus on research and development in the digital payments market. Jason Penton, Ukheshe Co-Founder and Head of Ukheshe Labs, says such an endeavour should be a priority for any company operating in the tech sphere. “As a company grows, there is often a very structured process for business as usual. When that happens, it’s easy to become stuck in mundane processes, leaving product development by the wayside. The idea behind Ukheshe Labs is to prevent this by bringing together highly…
The Coega Development Corporation, through its Capital Raising and Sustainability Business Units, together with the Council for Scientific and Industrial Research (CSIR), are undertaking preparatory work towards the establishment of a Biofibre Hub, or Cluster, in the Coega Special Economic Zone (SEZ). Coega’s partnership with the CSIR offers SEZ investors the best of South Africa’s innovation capability, including the R&D outputs of the National Innovation Clusters and the R&D produced in the country’s leading research universities through the CSIR network. This is critical for the development of new economic sectors. “The CSIR views this partnership as a necessary doorway to…
Virgin Active South Africa will launch its brand new, member-centred app and rewards programme in May to incentivise regular exercise and lifestyle changes. The new app is part of the businesses’ overall mission to connect people to exceptional active experiences – wherever they are in their journey, their budget, or in the world. The app is designed to meet the needs of existing Virgin Active members while attracting potential new ones. The app will track members’ activity and allocate rewards for consistency. The app will also serve as a one-stop-shop for any wellness and fitness related topics. Members can access…
Even though South Africa’s official unemployment rate decreased marginally in the fourth quarter of last year with 169 000 jobs gained in the period, the number of unemployed persons increased by 28 000 to reach 7.8 million. Given the current economic environment, Kaspersky is warning of the risk of cybercriminals exploiting people’s need to find meaningful employment by targeting them in increasingly sophisticated scams. In Africa, 8.7% of individuals and corporate users were affected by phishing last year. This is according to Kaspersky’s Spam and Phishing in 2022 report. Closer to home, 9.7% of South Africans experienced phishing attacks. While these spam…
Tyme, one of the fastest growing digital banking groups globally, has successfully secured two new international investors as part of its pre-series C capital raise launched in January this year. This comes as the group’s South African flagship, TymeBank, celebrates its 7 million customer milestone this month (12 May 2023). Along with the two new shareholders – Norrsken22, an Africa-focused tech growth fund, and Blue Earth Capital (“BlueEarth”), an independent global impact investment firm – Tyme’s shareholders have invested a total of $77.8 million. The funds being raised are intended to further operations in South Africa and the Philippines, for…
Africa Data Centres, a business of Cassava Technologies group, ihas formed a strategic partnership with The London Internet Exchange (LINX) to explore growth and opportunities in current and new markets across the continent Africa. Tesh Durvasula, CEO of Africa Data Centres, highlighted their Pan-African Interconnection partnership to explore opportunities continent-wide. The goal is to add value to local network communities, LINX membership and data centre facilities across Africa. According to recent research by Accenture into the ICT ecosystem, it was revealed that Africa is on the brink of a tech explosion. The consulting firm says certain countries are on a particularly…
If you are unemployed, under 30, have access to a laptop and data, and have a Grade-12 Certificate… listen up! This is for you: You can prepare yourself for the workplace of the future with a number of scholarships in 4IR Skills and make yourself highly sought after in the job market with a Nationally Accredited Qualification. A career in the Tech sector is not beyond your reach and all are invited to apply to the Sisekelo Tech Scholarship Programme (STSP), designed to help address the Tech Skills Gap among South African youth. Primarily targeted at young unemployed individuals as…
According to the latest KASI411 taxi commuter data from March 2023, an exciting new collaboration that harnesses the valuable insights acquired through the Sebenza online platform, combined with the convenience of their free taxi Wi-Fi hotspots. Food is the biggest monthly expense for most of South Africa’s taxi commuters, but despite high levels of unemployment, many are still able to make ends meet, either through a side hustle, a SASSA grant, or through family support. These are some of the recent insights from the latest KASI411 taxi commuter data (March 2023), an innovative partnership between market research agency, Red Fox…
Artificial Intelligence (AI) technology is rapidly transforming the business landscape, with profound implications for leaders and their interpersonal skills. According to Jacqui van Rooijen, Leadership expert and Transformation Coach at YCagel, leaders will need to adapt their management approach to leverage the benefits and mitigate the risks associated with AI-powered team management. “There is no denying the transformative impact of AI on our world, and it’s poised to reshape leadership practices,” says Jacqui as she delves into the potential pitfalls and advantages it offers in managing and leading teams. Changing Interpersonal Dynamics AI technology reshapes the traditional interpersonal dynamics between…