32 Africa Finance Corporation has approved a commitment of up to US$100-million to invest in Africa-focused technology fund managers — a move aimed at increasing the share of local capital in the…
Category: Business
Uber May Be Operating Illegally in South Africa
40 Uber could be operating illegally in South Africa after failing to confirm receipt of a Certificate of Registration from the National Public Transport Regulator. Under the amended National Land Transport Act,…
Bitcoin firm headed to JSE main board
50 Africa Bitcoin Corporation, the JSE-listed company formerly known as Altvest Capital, is moving its listing from the bourse’s junior market to the main board. The company said the JSE has approved…
Woolworths Rejects Blame for Beyers Chocolates’ Collapse
52 Woolworths chief executive Roy Bagattini has publicly rejected claims that the retailer was the primary reason Beyers Chocolates entered liquidation. His response follows a wave of criticism after Kees Beyers, founder…
Former RAF CEO and board face possible criminal charges
55 Scopa plans to take action over fruitless and wasteful spending, particularly on court cases with no chance of success. Parliament’s Standing Committee on Public Accounts (Scopa) is considering laying criminal charges…
Activists challenge 160MW Cape Town data centre project
49 A plan by US-listed Equinix to build two data centres in Cape Town should not be approved without full disclosure of its water, power and environmental impact, a formal objection lodged…
Apple Tap to Pay Launches in South Africa
53 Apple has launched Tap to Pay on iPhone in South Africa, giving local merchants a new way to accept in-person contactless payments using only an iPhone. The feature allows businesses to…
The toll booth at the bottom of the sea
55 The Strait of Hormuz at the entrance to the Persian Gulf Iran is signalling that it wants to extract rent from the global data traffic flowing through the Strait of Hormuz,…
Why the security operations centre is now a boardroom issue
68 Kaspersky sub-Saharan Africa GM Chris Norton In this Q&A article, Kaspersky GM for sub-Saharan Africa Chris Norton explains why security operations centres (SOCs) are becoming a boardroom priority. What is a…
Anthropic to brief financial regulators on Mythos AI risk
78 AI start-up Anthropic is set to brief the Financial Stability Board (FSB) on cyber vulnerabilities in the global financial system identified by its latest model, Mythos, the Financial Times reported on…