Author: Staff Writer
The RMB Latitudes Art Fair returns to Johannesburg from Friday, 24 – Sunday, 26 May for its second edition at the Shepstone Gardens with Lexus South Africa as its exclusive vehicle partner. Notably the largest online marketplace for art from Africa, the RMB Art Fair offers visitors a unique experience that brings together the art community from across the diaspora and this year will prove no different. Over the course of the Fair, visitors are in a for treat as Lexus will offer luxurious chauffeur driven experiences for all VIP guests as well as other guests in attendance. All guests…
In a significant move to enhance the digital landscape and economic growth, Microsoft South Africa has announced a substantial investment of over R1.3 billion. This strategic investment aims to build a robust digital economy, foster entrepreneurial ventures, and drive innovation across the nation. By injecting these resources, Microsoft South Africa is committed to creating a thriving ecosystem that not only promotes technological advancement but also generates numerous job opportunities, thereby acting as a catalyst for sustainable development and prosperity in the region. The company also believes that the investment will enable SMMEs to be engines of growth and expand local industry…
TymeBank and Flash, a South African payments solutions provider, have partnered to make it possible for TymeBank customers to withdraw cash at over 172,000 spaza shops and traders across the country. As a result, the bank now offers more cash withdrawal options and locations than any other bank in South Africa. “While TymeBank supports the country’s shift to a cashless society, the reality is that cash is still used extensively in our communities and the informal market. Flash provides an accessible, convenient and easy-to-use cash-out solution, which means TymeBank customers can withdraw cash from a convenient location, reducing time and…
Technology and business leaders today met at the SAP Innovation Day in Johannesburg to discuss how businesses can shift away from stagnation and ignite a new wave of innovation and growth to drive their success. Speaking at the event, Hans-Peter Fuelle, Chief Business Officer for EMEA, SAP, said businesses today operate in an environment characterised by volatility and uncertainty, with unpredictability exerting significant pressure on revenue, profit margins and supply chains. Hype for AI’s transformative potential Interest in artificial intelligence (AI) is at an all-time high. The global AI market is expected to grow from $184-billion in 2024 to $826-billion…
Liquid Intelligent Technologies, a pan-African technology group, announces a distribution partner agreement (DPA) with Eutelsat Group that will see enterprise-grade Low Earth Orbit (LEO) satellite services being made available in Africa. Eutelsat Group is the world’s first satellite operator with an integrated GEO-LEO infrastructure. “Liquid has always been committed to technological innovation in Africa,” said Ahmed El Beheiry, CEO of Liquid Intelligent Technologies. “Our collaboration with Eutelsat signifies a milestone in bringing cutting-edge LEO services to our customers across multiple countries in Africa, empowering them with high-speed solutions and unlocking new possibilities for connectivity.” The strategic integration of the OneWeb…
It was good news all round for the South African motor industry in April this year, with both new and used car sales showing growth. According to used car sales data released by AutoTrader, used car sales rose by 7% year-on-year last month, while month-on-month growth was 5%. The accumulated value of used cars sold last month – at R11.7 billion – increased by 4.01% month-on-month and 9.8% year-on-year. A total of 28,725 used cars (average price R407,849, average mileage 75,015km and average age of 6 years-old) were sold last month. This compares to 26,751 sales in April 2023 and…
Mercedes-Benz South Africa (MBSA) and the Gift of the Givers Foundation have joined forces to restore and enhance Gqala Primary School in Tsholomnqa, Eastern Cape. The school, home to over 150 learners, faced displacement and educational disruptions following the aftermath of gale-force winds in 2023. The collaboration, valued at R2.5 million saw the reconstruction and refurbishment of the school premises, alongside the provision of essential learning materials and uniforms for the students. “We are honoured to have been a part of this project and see it come to life beyond a concept. For Mercedes-Benz, it is about more than building…
On a seemingly ordinary Thursday, actress KB Motsilanyane sparked intrigue and speculation as she proudly showcased her academic achievements from Regenesys Business School. Motsilanye proudly attained her Bachelor of Business Administration from Regenesys Business School, igniting a flurry of skepticism among netizens. Doubts emerged regarding the legitimacy of the institution she graduated from, prompting a closer examination of its credibility. Known for her excellent work on the former eTV show Backstage, she shared on her Instagram page that she has bagged a degree in Business Administration from Regenesys Business School. Briefly reported that the controversial blogger and gossipmonger Musa Khwula…
Paratus Group, a leading pan-African telecommunications provider, has signed with BSO – the global pioneering infrastructure and connectivity provider serving the world’s largest financial institutions – as its first customer for the recently launched Paratus Express Route. This ground-breaking fiber route provides the fastest connectivity between Johannesburg and Europe, with an impressive latency of just 123 milliseconds. BSO, known for its low-latency connectivity solutions for businesses operating in time-sensitive industries, is now able to enhance its service offering by using Paratus Express Route. Michael Ourabah, CEO at BSO, said: “We are excited – not only to be the first customer…
RMB takes a $100 million or R1.8 billion bet on Powerfleet, a global telematics business listed on the Nasdaq, with a secondary listing on the Johannesburg Stock Exchange (JSE). The entity was created from a merger between Powerfleet and Mix Telematics (Mix). The combined business aims to become a top-tier global provider of Internet of Things (IoT) and Software as a Service (SaaS) solutions that optimise the performance of mobile assets. The debt facility from RMB was tailored to cater for significant complexity in this multi-jurisdictional business. It will enable the merged Powerfleet entity to leverage the strengths of each…