Author: Staff Writer
As momentum grows in the shift towards e-invoicing, it’s clear that the benefits of adopting this technology extend far beyond simply achieving compliance with SARS’ planned rollout of its VAT modernisation programme by 2028. The growth of the e-invoicing industry itself is evidence of this, with the global sector anticipated to grow to $45.44 billion in 2028 at a compound annual growth rate (CAGR) of 23.3, according to The Business Research Company E-invoicing is the process of digitally exchanging documents with a strictly structured or machine-readable data format, which means that they can be sent, received, and processed without any manual…
Vodacom and Orange have joined hands to form, a first of its kind, rural towerco partnership in Africa. Through this partnership, the companies will collaborate to build, own, and operate solar-powered mobile base stations in underserved areas of the Democratic Republic of Congo (DRC). The initiative will extend network coverage and enable access to telecommunications and mobile financial services to up to 19 million people in less densely populated rural communities, reinforcing their commitment to bridging the digital divide and driving inclusive growth. “With a footprint serving over 210 million customers across Africa, we have the opportunity to significantly contribute…
As TikTok faces a potential shutdown in the U.S. on January 19 due to ownership concerns, pending a Supreme Court decision, another Chinese app has started gaining significant traction. According to TechCrunch, American users are flocking to Xiaohongshu, known in English as RedNote. The app recently climbed to the No. 1 spot on the U.S. App Store’s free apps chart and also ranks as the top Social Networking app among free iPhone downloads. The surge in popularity is being driven in part by TikTok creators promoting Xiaohongshu on their accounts, encouraging their audiences to consider it as a viable alternative.…
Life Healthcare Group, through its wholly owned UK subsidiary, Life Medical Group Limited (LMGL), has signed binding agreements to sell 100% of the issued share capital of LMI Limited and its subsidiaries, collectively known as Life Molecular Imaging (LMI). The buyer, Lantheus Neurology UK Limited, is a wholly owned subsidiary of Lantheus Holdings Inc. This strategic transaction marks a significant milestone for Life Healthcare Group. The total purchase consideration for the transaction is $750 million (R13.9 billion), which includes an upfront payment of $350 million and additional earnouts totaling $400 million, contingent on achieving future sales milestones for LMI products…
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with CMFX Trading. It has come to the attention of the FSCA that CMFX Trading is soliciting funds from members of the public for investment purposes, while promising unrealistic returns. CMFX offers to trade in Bitcoin on behalf of members of the public and promises guaranteed profits. CMFX Trading is promising investors returns of up to R23 000 from an initial investment of R6 000 within three days. The Authority points out that trading profits cannot be guaranteed and an offer of unrealistic…
Maziv has strengthened its leadership team with the appointment of Phila Dube as Group Chief Commercial Officer. This appointment continues the group’s momentum of strategic appointments made over the past year. Dube brings a wealth of experience from his 26-year-long career with the Telkom group where he held various senior roles, culminating in his position as Chief Commercial Officer at Openserve. “Phila’s extensive experience in the sector and deep understanding of customer needs align perfectly with our vision for the future. Phila is the ideal candidate to drive our commercial strategies forward across our consumer, enterprise and carrier brands,” says…
Navigating the Forex Market in South Africa Exploring the Basics of Forex Trading If you’re starting your journey in the Forex market in South Africa, you’re tapping into a dynamic arena where currencies are traded in pairs, 24 hours a day. At its core, Forex trading involves buying one currency while simultaneously selling another, aiming to profit from fluctuations in their exchange rates. It’s a dance of supply and demand, steered by global economic events, where timing and strategy are key to your success. The Legal Landscape of Forex Trading In South Africa, you’re fortunate as the legal environment for…
Huawei has been ranked first in IDC’s Global Wearable Device Market Quarterly Tracking report for global shipments in the first three quarters of 2024. Renowned for its cutting-edge products that blend innovative health and fitness features with trendy designs, being ranked top in the market consistently across three quarters is a testament to Huawei’s leadership in the industry. This recognition underscores Huawei’s influential success and dedication to revolutionising the wearables technology market. HUAWEI Leads Global Wearable Device Market The latest IDC’s Global Wearable Device Market Quarterly Tracking Report shows that despite a global decline in wrist-worn device shipments in 2024, the Chinese…
It’s .a mixed bag of results for the South African automotive industry. While used car sales slipped slightly compared to October, it’s worth noting that November was the second most successful month for used car sales and the most successful for the new passenger car segment. New car sales enjoyed notable growth, suggesting renewed consumer confidence in the market, spurred by falling interest rates and a strengthening Rand. AutoTrader’s latest industry data shows a slight decline in used car sales but strong overall performance. Last month, 32,158 used vehicles were sold, just shy of November 2023, when 32,300 used cars were…
As global e-commerce expands rapidly, the logistics industry faces rising demand for bespoke, high-end services. To stay competitive in such dynamic markets, logistics companies are increasingly adapting to meet evolving customer expectations, with a strong focus on service excellence. One significant trend emerging from this shift is the rise of white glove services—premium, tailored logistics solutions that provide meticulous attention to detail and extra care for clients. In 2022, the U.S. market for white glove services was valued at $7.84 billion, with projections indicating growth to $20.25 billion by 2030, at a compound annual growth rate (CAGR) of 12.7%¹. This…