Author: Staff Writer
The Johannesburg Stock Exchange (JSE), Africa’s largest stock exchange continues on its technology enablement journey and is collaborating with Amazon Web Services (AWS) to modernise its technology, leverage edge computing infrastructure, explore AI to deliver innovative market solutions and drive operational efficiencies. This move will also revolutionise the delivery of real-time market data in the cloud and drive industry innovation leveraging artificial intelligence (AI), machine learning (ML), generative AI and blockchain technologies. The transformative journey will focus on market infrastructure and the enablement of evolutionary trading enablement technologies for seamless connectivity with clients. The JSE will start by embarking on…
Cell C today announced the appointment of Chris Lazarus as the Chief Officer: Sales, Distribution, & Regions, reporting directly to Jorge Mendes, CEO of Cell C. With over 30 years of experience in the financial services and telecommunications industries, Chris brings a wealth of expertise and leadership to his new role. Chris’s distinguished career demonstrates his success in various leadership positions, including his most recent role as the Chief Enterprise Officer at Safaricom Ethiopia, where he played a pivotal role in establishing the telecoms business. The successful launch of the network in 2022 served a market of 120 million people,…
The Bolt driver convicted of rape and kidnapping female customers has been sentenced to two life terms plus 60 years. Serial rapist 30-year-old Emmanuel Mudau was registered as a driver with Bolt. Between January and February 2022, Mudau targeted women who requested transportation from Cosmo City to various destinations, using the Bolt App. This week the High Court of South Africa: Gauteng Division, Johannesburg sentenced the former e-hailing driver to two life imprisonment terms, plus 60 years for four counts of rape and kidnapping, and two cases of assault with intent to cause grievous bodily harm. The four complainants testified…
President Cyril Ramaphosa has reappointed Lesetja Kganyago as Governor of the South African Reserve Bank (SARB) for a period of five years. The reappointment will take effect from November this year. “The reappointment of Governor Kganyago will ensure continuity and institutional stability at the reserve bank. “Furthermore, the President has reappointed Nomfundo Tshazibana and Dr Rashad Ismail Cassim as Deputy Governors of the South African Reserve Bank for a period of five years, with effect from 1 August 2024,” the Presidency said in a statement. The statement said Dr Mampho Modise has been appointed as Deputy Governor following the end…
The High Court on Friday dismissed Thabo Bester and Nandipha Magadumana’s urgent applications to stop Showmax from airing the four-part documentary. MultiChoice is delighted that the Johannesburg High Court has upheld the public’s right to watch the “Tracking Thabo Bester” documentary. The fascinating documentary will shed light on the allegations against Thabo Bester and Nandipha Magudumana and allow the public the opportunity to make up their own minds and opinions about what took place. The first two episodes of Tracking Thabo Bester will be available to stream exclusively on Showmax from 16h00 today, 15 March 2024. Also read: BREAKING: Thabo…
Finance Minister Enoch Godongwana‘s unexpected announcement of a R20 increase to the Covid-19 Social Relief of Distress (SRD) grant effective from April 1st has prompted scrutiny from economists due to its questionable timing. The Social Relief of Distress (SRD) grant – popularly known as the R350 grant – is expected to be raised to R370 from April this year. This was announced by Finance Minister Enoch Godongwana in the National Assembly on Wednesday. “I am pleased to say that we have found consensus that in between, subject to the finalisation of the comprehensive social security [programme], we’ll increase the R350…
The e-commerce sector in South Africa is expanding rapidly, with local revenue predicted to reach the $7.9 billion mark by 2027. In such a fast-paced world of business, it is essential for companies to build a strong digital presence and tap into the growing online marketplace. To thrive in the evolving South African consumer landscape, businesses need to understand evolving consumer behaviours. Here are six key insights to help businesses leverage the expanding online marketplace in South Africa: Seamless delivery experiences are a must Consumers are demanding a seamless shopping experience by expecting faster and more convenient deliveries. Online businesses…
MultiChoice confirms that the last-minute applications by Thabo Bester and Nandipha Magadumana to stop Showmax from airing the four-part documentary, “Tracking Thabo Bester” will be heard in the Johannesburg High Court on Friday 15 March 2024. That is the same day that the documentary is due to start airing on Showmax. Bester and Dr Magudumana have each approached the High Court, trying to stop the documentary being seen because they say it threatens their rights. Showmax has briefed legal counsel and will be vigorously opposing the applications. The allegations against Bester and Dr Magudumana are incredibly serious and Showmax strongly…
An increasing number of South Africans are embracing PayShap, South Africa’s first interbank, interoperable, real-time payments service, which experienced strong growth in its first year, in line with the service’s fast-expanding community of participating banks and new users. Promoting instant, convenient, easy and safe payments within the transaction limit of R3 000, BankservAfrica’s PayShap data shows there were over 14 million transactions, with a settlement value in excess of R9 billion, in the period between 13 March 2023 to 29 February 2024. Over 2.5 million users have opted into using a ShapID identifier, such a mobile phone number, in order…
In support of homegrown South African innovation, Telkom is a proud partner of the Global Entrepreneurship Congress (GEC+Africa) taking place from 13-14 March 2024 at the Cape Town International Convention Centre (CTICC). GEC+Africa, an initiative of Global Entrepreneurship Network (GEN), is a gathering of entrepreneurs and leaders from more than 50 African nations who are committed to advancing entrepreneurial activity throughout their countries. The South African startup ecosystem is a thriving hub of innovative and talented entrepreneurs with a desire to scale. The congress is expected to connect entrepreneurs to the best global resources and investor network, create platforms that…