Author: Staff Writer
Rental agencies operate in one of real estate’s tightest financial windows. In a matter of days, they must collect rent, reconcile it to the correct lease, pay suppliers and municipalities, and get landlords their money before bond debit orders hit. Traditional bank transfers – which can take 48 hours and stall over weekends or public holidays – make that window even narrower. Rental property management platform Reos is changing that – becoming the first in South Africa to make all outgoing EFTs instant by default, without the premium price tag. “Beyond the obvious cash flow benefits, moving away from legacy…
AI Diagnostics, a South African medtech company, has raised R85 million in a pre-Series A funding round to accelerate deployment of its AI-powered Ostium digital stethoscope, enabling early tuberculosis (TB) screening without specialist equipment or infrastructure. The round was led by The Steele Foundation for Hope, with participation from the iFSP Group, and Global Innovation Fund, and follow-on from key early angel investors. Previous rounds included industry leaders, Africa Health Ventures and Savant. Funding supports clinical research and validation, continued development of the product and AI model, and the operational infrastructure required to scale a medical device business in South…
SITA’s 2025 Air Transport IT Insights report finds that, while the air transport industry invested a record $50.8 billion in technology in 2025, a common obstacle keeps emerging: where data does not flow freely between systems and partners, that investment cannot fully deliver what it was designed to unlock. The cost of this data coordination gap is higher than ever now that the conflict in the Middle East continues to disrupt the industry at a global scale. Operators investing in closing that gap are building foundations that will outlast the current disruption. “We are publishing this research at a moment…
Globalstar satellites, radio frequency spectrum, and operational expertise will enable Amazon Leo to add Direct-to-Device (D2D) services to future generations of its low Earth orbit satellite network. New Amazon Leo D2D system will help mobile network operators extend voice, text, and data services to customers beyond the reach of terrestrial cellular networks. Amazon and Apple enter agreement for Amazon Leo to power satellite services for supported iPhone and Apple Watch models, allowing users to text emergency services, message friends and family, request roadside assistance, and more. Today Amazon.com, Inc. and Globalstar, Inc. announced that they have entered into a definitive…
The recent influx of new automotive brands and models into South Africa has significantly revitalised the local industry – a trend clearly reflected by the robust growth in monthly sales figures. However, this market enthusiasm isn’t reserved solely for entirely new entrants. Updates and facelifts to established product lines generate a similar level of anticipation among consumers. While the appeal of the latest safety and convenience technologies is undeniable, price-conscious buyers often view the arrival of an updated model as the perfect window for strategic bargain hunting. But is choosing a ‘run-out’ or discontinued model a risky compromise? The most…
The City of Cape Town’s Urban Mobility Directorate continues to install Smart Speed Signs (SSS) on request from wards across Cape Town. The City has noticed a 25% reduction in vehicles that exceed the speed limit at some of the locations where these signs have been installed. There are currently 10 smart speed signs in Cape Town and another four are in the planning process. The City’s Transport Network Technology team implements the roll-out of these signs on request from wards who fund these. The smart speed signs detect the speed of a vehicle and then displays the measured speed…
Jonathan Smit, the founder and former Managing Director of Payfast, has announced his acquisition of iVeri, one of Africa’s longest-standing payment technology providers. The move marks a significant shift in the continent’s fintech landscape, bringing together iVeri’s nearly 30-year legacy of robust payment infrastructure and the vision of one of South Africa’s most accomplished entrepreneurs. “Payments keeps drawing me back because it is infrastructural in nature,” Smit explains. “Trends come and go, but the need to move money never does, and that is exactly where I want to be. The acquisition is a return to those roots. For decades, iVeri…
HOSTAFRICA has unveiled its dedicated NVIDIA RTX PRO GPU servers at Digital Parks Africa’s (DPA) Samrand data centre, launching its fully localised GPU‑as‑a‑Service offering. The launch brought together industry leaders, tech partners and customers for a first-hand look at the platform in action, including live demonstrations of the high-performance infrastructure now available locally. Built to support organisations running Artificial Intelligence (AI), machine learning, rendering, and other data-intensive workloads, the platform is powered by NVIDIA RTX 6000 Blackwell Server Edition GPUs with 96GB of GDDR7 memory. This enables the handling of large‑parameter models, high‑volume inference and enterprise‑grade AI applications within South African…
The Financial Sector Conduct Authority (FSCA) announced today that it welcome the judgment delivered by the Gauteng Division of the High Court on 23 March 2026, which interdicted Fusion from issuing its construction guarantees and confirmed the FSCA’s longstanding position that registration under the National Credit Act 34 of 2005 (NCA) by a party issuing guarantees does not exclude the application of the Insurance Act 18 of 2017 (“Insurance Act”) to those guarantees. Whether a guarantee falls under the Insurance Act depends on the facts of each guarantee, measured against the meaning of insurance business under the Act. In this…
The rise of AI is putting new pressure on infrastructure as organisations reconsider how they store, manage, protect and use data. Against this backdrop, Huawei’s annual IT Day focused on the growing need for intelligent storage and computing. The event drew more than 400 customers and partners, with Huawei showcasing its latest AI data infrastructure, all-flash storage and virtualisation. The conversation centred on the growing need for closer collaboration as businesses face cyber threats and the demands of AI. Kui Zheng, CEO of Huawei Enterprise Business Group in South Africa, said this year’s IT Day is built around a critical…