Tag Archives: south africa
south africa: Latest News
Peter Pedroncelli, 6:40 am
South Africa’s fintech adoption rate is expected to experience a surge in the near future, with the country’s uptake of fintech services set to be greater than the global average. Africa’s most industrialised economy is forecast to enjoy a future fintech adoption rate of around 71 percent in the coming years, which is far higher than the average global growth rate of 52 percent, according to global accounting and consulting firm Ernst and Young.
Peter Pedroncelli, 4:51 am
The biggest data center in Africa is nearing completion in South Africa, and will officially be launched at full capacity by November. Teraco’s Riverfields hyperscale data center facility is one of the largest in the Southern Hemisphere, and is definitely the biggest on African soil, with a capacity of 24 megawatts and a build cost of $100 million. Already 25 percent full due to pre-bookings, Teraco is responding to demand.
Peter Pedroncelli, 3:22 am
Global management consulting and professional services firm Accenture has opened a new innovation studio in South Africa, selecting Johannesburg as the venue that will see disruptive technologies used for the benefit of businesses. The studio will make disruptive technologies, such as mixed reality, artificial intelligence, blockchain and cloud architectures, available for clients to experiment with, while it will also work with Accenture Labs.
Peter Pedroncelli, 11:10 am AFKI Original
South African professionals are increasingly interested in being involved with the tech sector in the country, as there is a great deal of demand for quality skills that can help in boosting top companies. Universum Global conducts an annual employer attractiveness survey, which focuses on young professionals and their workplace preferences, comprising of responses from 46,891 students and 22,321 professionals from across South Africa. Here are the 10 most attractive tech employers for professionals in South Africa.
Peter Pedroncelli, 9:18 am
Norwegian Internet browser Opera Software has announced plans to invest $100 million in Africa’s digital economy over the next two years, as the company aims to consolidate its most robust market. The investment will be used to develop artificial intelligence that delivers Africans customized and localized content, while continued efforts will be made to reduce data costs by around 90 percent. The goal is also to grow African businesses in partnership with African tech companies. It is envisaged that Opera will bundle in third-party services that provide mobile payment and improved data features through the web browser.
Peter Pedroncelli, 4:58 am
The Springbok Sevens team, known as the Blitzboks, maintained their decisive lead at the top of the HSBC Rugby Sevens World Series standings, despite their loss to Fiji in the final of the Hong Kong Sevens tournament on Sunday. The South Africans are yet to win the sevens title at the Hong Kong National Stadium, despite their dominance in other competition and their great run to the final this weekend. They lost the final 22-0 to Olympic champions Fiji, failing to reproduce the form that earned them a place in the final, but they can be pleased with the fact that it was their seventh consecutive final of the 2016-17 season.
Peter Pedroncelli, 5:42 am
South African rugby team coach Allister Coetzee is currently in search of the next captain that will lead the Springboks in this year’s list of fixtures, with previous skipper Adriaan Strauss having retired at the end of last year. Strauss captained the Boks during Coetzee’s first year in charge, but soon after he was appointed he made it known that he would retire from international rugby at the end of the season. His coach therefore had a great deal of time to consider his successor.
Peter Pedroncelli, 5:10 am AFKI Original
South Africa’s Springbok Sevens team, known as the Blitzboks, won the Las Vegas sevens tournament on the weekend, making it their fourth title in five tournaments so far this year, giving them a decisive 23-point lead at the top of the HSBC World Sevens Series standing. Interestingly, the one out of the five tournaments thus far that the South Africans did not manage to win came in Cape Town, their home tournament, where they lost in the final to a determined England side.
Peter Pedroncelli, 3:31 am
Allister Coetzee has been confirmed as Springbok coach despite a terrible 2016 season which prompted fans and rugby stakeholders in South Africa alike to call for him to be removed from the post. The Springboks have always been a force in world rugby, but last year saw the team struggle to replicate their usual good form against top sides. Coetzee survived a review to keep his job as coach of the side despite a terrible first season in charge in which the Springboks experienced a number of embarrassing losses while looking out of sorts at times.
Peter Pedroncelli, 7:40 am AFKI Original
The rich will pay more tax. That’s one of the most riveting things to come out of South African Finance Minister Pravin Gordhan’s 2017 budget speech. Income tax increases across the board did not materialise, but wealthy South Africans will be taxed at a higher bracket. Taxpayers earning more than $115,000 a year will pay a 45% tax rate. Around 100,000 taxpayers will be affected. Investors and global credit agencies were keen to hear Gordhan’s speech — his second one in his second stint as finance minister. Here is a closer look at 12 things you should know about the 2016 South African budget speech.
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