Author: Staff Writer

JSE-listed 4Sight reported 35.4% rise in full year headline earnings per share (HEPS)  to 2, 379cents a share for the year to end-December 2022. HEPS is SA’s main profit gauge. 4Sight informed investors today that revenue rose  20.7%, gross profit increased 10.1%, and  operating profit grew by 93.9% due to the increased revenue, coupled with improved productivity, governance and control processes. Eric van der Merwe, Group CFO at 4Sight Holdings, said despite a R16-million share buy-back, the company grew  cash balance by 20.1% in 2022 from the strong growth in revenue. The company’s channel continued to experience strong revenue growth,…

If banks want to remain competitive in the face of neo-bank and fintech upstarts, they’ll have to fundamentally change the way they do business to be digital first. And if they’re going to achieve that goal, then working with technology partners to ensure that they have the right infrastructure in place will be crucial. That was the overriding message from the speakers at a media roundtable event hosted during the Huawei Intelligent Finance Summit, in Cape Town, South Africa. Through the course of the session, it also became apparent that if traditional banks are to survive in the changing financial…

Hot on the heels of its announcement that its customers have experienced Zero card fraud, Bank Zero is today announcing a second “Zero milestone”. In the 18 months since its launch, not one of its customers has fallen prey to the phishing scams that are taking in people and businesses all around the world. Kaspersky, a leading security software company, says that phishing attempts more than doubled to over 500 million in 2022, as compared with 2021. According to Fortinet, South Africa was one of the top 20 countries in terms of phishing attacks in 2022. This figure is supported…

Huawei has launched its Huawei Cloud’s all-scenario smart finance solution to Africa. The solution, announced at the Huawei Intelligent Finance Summit for Africa 2023, will effectively drive the digitisation and leapfrogging development of African’s financial and banking sector. In his keynote, which was titled “Choose HUAWEI CLOUD to Move towards All-Scenario Smart Finance”, Harrison Li, CTO of Huawei Cloud, Southern Africa Region explained how the new solution will help African banks act as pioneers in the in the financial sector. As Li pointed out, with the deepening of digital transformation in the financial and banking sectors worldwide, the “all-round cloudification”…

For the modern farmer, machinery is critical in delivering the agricultural output needed to be successful at scale. This is why Titan Global Wheel – providers of the Goodyear Agricultural brand of tyres and rims – has announced a range of Goodyear Lubricants, to further improve the operation and lifespan of this machinery. According to company MD, Theo von Bardeleben, the organisation has adopted a constant focus on innovation and on improving technologies that have been around for decades. Titan Global Wheel also works closely with almost all the major manufacturers, each of which places a strong focus on research…

The outlook for the global economy took a positive turn in the first half of 2023 as inflationary pressures began to ease, but ongoing geopolitical tensions and domestic challenges in key markets are slowing any return to sustained growth, according to the latest forecast from KPMG. According to KPMG’s latest Global Economic Outlook report, global energy prices returning to levels last seen prior to the invasion of Ukraine, combined with easing commodity and food prices, have helped put further downward pressure on inflation for the rest of 2023. Despite the positive news, major economies throughout the world – most recently…

Huawei today unveiled several new solutions aimed at improving operations and maintenance (O&M) for enterprise clients at the Huawei Enterprise O&M Summit 2023. Currently underway in Cape Town, the summit is being run under the theme, “Towards Intelligent Operation” and has seen Huawei bring together more than 40 technical experts, O&M executives, chief technical officers (CTOs), and chief information officers (CIOs) to discuss the latest advances in O&M as well as future opportunities brought about by ongoing digital transformation. During the keynote speech at the summit, Guo Guoqing, President of Huawei Southern Africa Enterprise, pointed out that Huawei’s long history…

As the world marks World Water Day and National Water Week in South Africa from March 20th to 26th, Procter & Gamble (P&G) stands in solidarity with the United Nations and the South African government in highlighting the fundamental human right to accessible clean and safe drinking water. This year’s World Water Day theme, “Accelerating Change to Solve the Water and Sanitation Crisis,” is particularly significant to P&G’s long-standing commitment to improving access to safe drinking water through the Children’s Safe Drinking Water Programme. In the late 1990s, P&G scientists invented the P&G Purifier of Water technology while attempting to…

Huawei today announced its ‘Non Stop Banking’ initiative. Unveiled at the Huawei Intelligent Finance Summit for Africa 2023, the initiative calls for hand-in-hand collaboration between the ICT and banking industries and facilitate a digital future of ‘non-stop’ services, ‘non-stop’ development, and ‘non-stop’ innovation. In a keynote speech announcing the initiative, Leo Chen, president of Huawei Sub-Saharan Africa Region spoke about why going digital has become such a major imperative for the banking industry. Not only does it make it easier for banks to broaden their customer base, he said, it also saves operational costs, allows them to develop new products,…

On the evening of 15 February, NAPAfrica, the African continent’s largest Internet exchange point (IXP), reached the 3Tbps traffic threshold. This peak in Internet traffic was experienced globally on the back of some significant new gaming releases and software updates. This increase in  NAPAfrica’s average traffic throughput has continued and peaked at 3.44Tbps on 19 March. The continued surge in data traffic is largely thanks to a dynamic African Internet community who have embraced the value of peering, the increasing use of data-intensive applications, enterprises continuing to move into the cloud, and ever-increasing demand for video, content, and gaming delivery…