Evan Robinson, technical co-founder and now head of product at TaxTim. TaxTim, a South African-based digital tax assistant, has been acquired by a private consortium, led by Twofold Capital, for an undisclosed amount. The consortium, which includes Stellenbosch-based technology group Octoco, provided a successful exit for TaxTim’s non-operational shareholders and a partial exit for co-founder…
The DA’s Glynnis Breytenbach The Democratic Alliance has called for an independent Cyber Commission to be established to strengthen cybersecurity as more South Africans fall victim to banking cyberattacks. DA justice & constitutional development spokeswoman Glynnis Breytenbach said on Monday that artificial intelligence-driven scams and digital banking fraud are increasing at an alarming rate. However,…
Anthropic, the company behind the Claude chatbot, has agreed to a record-breaking $1.5 billion settlement to resolve a class-action piracy lawsuit brought by more than 500,000 authors. The payout is the largest ever for a copyright case in the United States and sets a major precedent for the AI industry. Read: Study finds signs of…
Sentech has specified four key areas of functionality the STB decoders are required to perform. It’s slim pickings for the ICT industry this week, despite over 650 new advertisements being posted on National Treasury’s eTenders Portal. Amid this drought of notable tenders, Sentech takes the top spot with its request for additional suppliers to apply…
PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc – previously BankServAfrica – be approved without conditions attached. The move radically changes the ownership structure of PayInc, the developer and manager of rapid…
Google is bringing new AI video generation capabilities to Google Photos with the integration of its Veo 3 software. This new feature allows users in the U.S. to transform static images into four-second videos. Users can find the new options—”Subtle movements” and “I’m feeling lucky”—under the Create tab in Google Photos. Read: Study finds signs…
MTN Group president and CEO Ralph Mupita. South Africa’s second-largest mobile network operator (MNO) cannot rule out a future deal with another telecoms operator, including Telkom, says MTN Group president and CEO Ralph Mupita. However, Mupita says there are currently no active talks with Telkom, quashing recent media speculation. Shares in Telkom jumped on rumours…
Altvest chairman and self-proclaimed “bitcoin maximalist” Stafford Masie Johannesburg-listed investment holding company Altvest Capital is changing its name to The Africa Bitcoin Corporation as it doubles down on its strategy of building a bitcoin treasury, seeking to emulate the success of US-listed Strategy (previously MicroStrategy). In a small first move, Altvest in February acquired 1.00464…
Cyber criminals are using AI to outpace defences. Is your business ready? Cyber Insight calls on companies to act now. Cyber Insight, which positions itself as a leading South African cyber security and advisory firm, today issued a stark warning: artificial intelligence (AI) driven cyber threats and malware attacks are accelerating at an unprecedented pace,…
As South Africans increasingly adopt streaming media services over traditional linear broadcasts, eMedia is moving to capture a great slice of the market by developing an app for smart TVs that run Google’s Android operating system. eMedia said on Thursday that eVOD, its homegrown streaming service that includes a mix of free-to-air and premium content…
