South Africa: Latest News
Peter Pedroncelli, 3:16 am AFKI Original
Social media has taken the world by storm in recent years, and the number of active Facebook users in Africa is a testament to the fact that the continent is also part of the social media trend. With Facebook being the most popular of the social media networks, and the proliferation of mobile throughout Africa providing the ideal breeding ground, the combination of factors has led to a growing user-base for the company. Africa is home to around 330 million internet users, and around 44 percent of them are active on Facebook.
Staff, 7:37 am
In 2017 there will be over 16 million active smartphone users in South Africa. This number is expected to grow exponentially over the next five years to reach more than 21 million users. The rapid rise in mobile phone usage in South Africa can primarily be attributed to the popularity of social media, which in turn has also sparked an increase in mobile phone usage to buy and sell online. The upturn in active mobile phone users has also affected internet usage and consumer habits drastically.
Peter Pedroncelli, 8:29 am AFKI Original
Understanding how Africans use the internet remains the subject of many research studies, with new data emerging regarding stats and trends. The continent is becoming an important market for numerous internet-based businesses, while social media platforms are attracting more African users than ever before. With faster internet speeds and a growing appetite for connectivity on the continent, online trends are changing and the internet is shaping the way Africans work and play. Here are the 12 things you didn’t know about how Africans use the internet.
Peter Pedroncelli, 5:06 am
South African mobile security solutions company, Entersekt, have concluded a deal that will see multi-million dollar investments made to fund the continued international expansion of the firm. The Stellenbosch-based company will be backed by investors Rand Merchant Investment Holdings (RMI) and Nedbank Private Equity (NPE). The two investors acquired minority shares in Entersekt for an undisclosed amount, with the mobile security solutions firm describing the investment as a multi-million dollar agreement.
Kurt Davis Jr., 6:44 am AFKI Original
The African consumer goods and retail investment space is looking up for the second half of 2017, with opportunities available across a number of countries on the continent. While the usual suspects such as Nigeria and South Africa remain likely targets for international retail investment, there are a number of wildcards on the continent which may surprise analysts and attract investment due to their established links to regional markets.
Peter Pedroncelli, 6:42 am
South African IT firm Datatec has reached an agreement to sell U.S. subsidiary Westcon-Comstor’s operations in North America and Latin America for $800 million, while 10 percent of Westcon-Comstor will be sold to Fortune 500 company SYNNEX for a further $30 million. Operating in 70 countries across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region, Datatec is an international ICT solutions and services group based in Sandton, Johannesburg. The deal still awaits regulatory and shareholder approval.
Peter Pedroncelli, 4:51 am
AfriLabs has further expanded its network of over 50 technology and innovation hubs across 20 African countries with the addition of 11 new hubs as members of the network. The new development sees the pan-African network of technology innovation hubs increase its membership base to Chad and the Democratic Republic of Congo. Other nations that increased their representation within the network supporting innovation infrastructure include Malawi, Nigeria, Kenya, Uganda, Tanzania and Zimbabwe.
Peter Pedroncelli, 2:37 am
An open digital transport mobility platform founded by students of the University of Cape Town in South Africa won the 2017 Promising Transport Innovation Award at the annual summit of the International Transport Forum (ITF) in Leipzig, Germany. WhereIsMyTransport has been recognized for innovation used within the platform, centralises mobility data, allowing anyone to build upon the transport information or use it to develop software products such is mobility apps for transport users, while the metrics can be further analysed to improve transport provision. WhereIsMyTransport has potential applications for both private and public enterprise.
Global Risk Insights, 6:33 pm
Proponents of the sharing economy say Uber and Airbnb benefit Africa, but who exactly is benefiting? They’re inserting themselves into existing informal sharing dynamics, acting as corporate middlemen and disrupting existing livelihoods. Underdeveloped formal sectors and high unemployment in Africa created the sharing economy out of necessity. Uber and Airbnb are taking a share of the profits.
Staff, 7:51 am
Getting access to the right seed and growth finance is critical to the success of most emerging technology companies. But finding the right investor can be a daunting task for any founding team. You have to deal with different mandates, big egos, various terms and long lock-in periods just to start discussions and there are many boxes to tick. Without significant direction, founders can spend months worth of time and energy in pursuit of an investor instead of focusing on growing the company.
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