175 Although a 25 basis points cut in the repo rate does not sound like a big difference, cash strapped consumers will take any extra money they can get. The Reserve Bank…
Category: Business
Good news about jobs in global business services sector
185 In South Africa, where only 16.8 million people out of 41.8 million are employed, it is good news if new sustainable jobs are created. In a time of policy uncertainty and…
Mastercard plots major push into stablecoins
220 Mastercard is in late-stage talks to acquire crypto start-up Zerohash for between US$1.5-billion and $2-billion, Fortune reported on Wednesday, citing five sources familiar with the matter. If the deal goes through,…
Datatec doubles dividend as profits soar
207 Datatec Group CEO Jens Montanana JSE-listed IT multinational Datatec Group has more than doubled its interim dividend after reporting a 109.5% year-on-year jump in headline earnings per share in the six…
Meet the South African family making billions from pharmacies and their plans for 2026
271 Ivan and Lynette Saltzman founded Dis-Chem in 1978, with the first retail pharmacy in Mondeor, south of Johannesburg. The Saltzman family is set to profit billions from their crown jewel, Dis-Chem…
South Africa’s AI data centre boom risks overloading a fragile grid
182 The author, Paul Colmer Everyone’s talking about artificial intelligence. And I mean everyone. The hype reminds me of the fanfare around 5G’s launch – all promise, waiting to see delivery. We…
Fintechs outpacing banks in South Africa’s informal economy
259 Annelene Dippenaar Fintech companies have taken a boots-on-the-ground approach to providing fit-for-purpose financial services in township and rural economies – and that’s helping them outpace the banks and drive digital adoption…
Government opens new mall in KZN and unveils Prasa’s renewable energy project
198 Prasa and Department of Transport launched Isipingo Mall, the agency’s renewable energy project, and the 300th train. The Passenger Rail Agency of South Africa (Prasa) has opened the Isipingo Mall in…
Super Wi-Fi takes industrial connectivity beyond fibre and LTE limits
190 NEC XON’s Willem Wentzel In many parts of Africa, industries still face crippling gaps in Wi-Fi connectivity. Vast mining operations, ports, construction projects and energy facilities often extend far beyond the…
Court slams brakes on online casinos in South Africa
175 The supreme court of appeal has upheld a judgment that online fixed-odds betting operators cannot offer casino games and other forms of online gambling – a move that has been welcomed…