30 South African organisations are experiencing a data breach every three hours. The Information Regulator recorded 2 374 formally reported incidents in the 2024/2025 financial year – and the figure has risen…
Category: Business
Former Capitec CEO Gerrie Fourie makes a comeback
32 He will assume his duties effective 1 August 2026. Former Gerrie Fourie CEO is set to take on a new role at Capitec just months after stepping down from the top…
Schreiber suspends home affairs officials over fake AI references
50 Home affairs minister Leon Schreiber The department of home affairs is suspending two senior officials with immediate effect after AI “hallucinations” were found in the reference list appended to the revised…
South Africa headed to the polls in November
54 South Africa will hold its next municipal elections on 4 November, President Cyril Ramaphosa said in a post on X. The country holds municipal elections every five years, and South Africans…
Inside NKD, the business that Mr Price ‘lost’ R16bn buying
57 The deal is done and the pressure is on. Investors remain disenchanted – unhappy, even – about the acquisition by Mr Price Group of German retailer NKD for approximately R9.6 billion…
Paratus Mozambique powers 2026 Santa Maria fishing showdown
57 For the third year in succession, Paratus Mozambique is the official connectivity partner of the 2026 Santa Maria Fishing Challenge, which takes place from 3-8 May 2026 in Santa Maria on…
Google humbles Big Tech’s cloud heavyweights
64 Alphabet’s blowout cloud growth has reset expectations across major tech companies, leaving investors to recalibrate which firms are delivering the clearest returns. All four of the US tech giants that reported…
Logistics start-up Shiprazor pulls in R44-million seed round
67 Cape Town-based e-commerce logistics start-up Shiprazor has raised US$2.65-million (about R44.6-million) in a seed round led by pan-African venture capital firm Norrsken22, taking its total funding to $3.3-million. AAIC, E4E and…
Why big IT projects in South Africa keep drifting off course
74 In recent years, local businesses, including state-owned enterprises, have repeatedly struggled to implement critical IT systems on time and on budget. From retail giants experiencing warehouse bottlenecks to telecommunications and municipal…
Fuel tax protest averted (for now)
67 Thanks to extension of relief measures – albeit temporarily. The extension by National Treasury of the temporary reduction in the general fuel levy of R3 per litre into May and June…