South Africa: Latest News
Staff, 8:02 am
Mastercard released its first South African SpendingPulse report. The report, published worldwide, is based on transactions across every payment medium – including cash, wire transfers, and credit cards. This equates to over 80 billion transactions processed annually in 210 countries, and provides an accurate representation of consumer spending habits. Sarah Quinlan, senior vice president for Mastercard, indicated that one of the biggest changes in shopping trends came after the 2008 recession.
Staff, 7:50 am
Silicon Valley based African Technology Foundation and Managing Partner of the Liberalizing Innovation Opportunity Nations partnership, announced the launch of the State of Play report. The report provides a continental, regional, and industry look at the evolution of technology ecosystems on the African continent. The report highlights the youthful population and the bias towards innovation and entrepreneurship, and sets the stage for a deep-dive into technology and innovation activities.
Staff, 2:46 pm
SA property companies should use tough economic times to strengthen themselves for the future, says research and advisory group, Grant Thornton.Real estate firms are no strangers to cyclical disruption, especially the likes of which the local market is experiencing at the moment; but to prosper in the future, the industry must enhance its capabilities to manage new types of disruptions. Lee-Anne Bac, Grant Thornton, believes SA property firms cannot rest on their laurels in difficult conditions.
Peter Pedroncelli, 5:50 am AFKI Original
Instant messaging apps have become indispensable for most modern smartphone users, and Africa is no different, with a number of popular mobile applications being used around the continent. Engaging with friends and family has never been easier, with mobile phones equipped to facilitate messaging via these apps, making communication affordable and more accessible than ever before for African users.
Peter Pedroncelli, 6:12 am
Shoppers in Cape Town will, for a limited time, be able to use bitcoin as a payment method for groceries and services at a Pick n Pay supermarket store in the South African city. In what is potentially a world-first for a major supermarket chain, customers at Pick n Pay’s head office campus store in Cape Town will be able to use the bitcoin cryptocurrency for their purchases on a pilot basis.
Kurt Davis Jr., 5:18 pm AFKI Original
While some African supermarket chains are achieving success, Kenyan brands Nakumatt and Uchumi are struggling badly. Smaller countries, such as Mozambique and Namibia, provide bigger opportunities for expansion (and returns) compared to East African nations. One can better manage growth expectations and costs in neighboring southern African countries, including Zambia, than in the rising East African giants.
Peter Pedroncelli, 6:23 am
The first data science training academy has been established in South Africa, with a $3.8 million investment by Business Connexion Group (BCX) enabling the launch of the academy. The substantial investment from information and communications technology firm, Business Connexion Group, has gone towards the establishment of the Explore Data Science Academy, which will aim to satisfy the growing demand for big data analytics and related skills in the country.
Peter Pedroncelli, 4:26 am
East African mobile giant Safaricom’s M-Pesa has been upgraded so that enhanced features can be added to the mobile money transfer platform. The popular Kenyan money transfer system was upgraded last week, with a service interruption of 13 hours explained as necessary to enable new features which will be added to M-Pesa in the coming months for the benefit of their 26 million customers.
Tom Jackson, 1:11 am AFKI Original
Technology has not pervaded the legal profession as it has other industries, especially in Africa, where issues with access and affordability remain. There are a small number of African legal-tech startups – backed by international organisations – that are looking to propel that change with the use of technology. From South Africa to Nigeria, the legal profession is in the process of getting a tech boost.
Staff, 10:44 am
Retrenchment, recession and reduced spending – signs of an economy under pressure, but, it would seem from research that SA companies are fighting back! Local ICT managed services provider Integr8 says there is clear evidence of growth across multiple sectors, based on increased investment in mobile commerce technologies. Frost & Sullivan’s analysis of the retail sector notes that cloud-based services, managed services and cellular connectivity will represent the baseline of IT spend in retail.
- Real Estate