Reserve Bank governor Lesetja Kganyago The South African Reserve Bank maintained its main lending rate at 6.75% on Thursday, saying caution was needed as higher energy prices triggered by the US-Israel war against Iran would push up inflation. Economists polled by Reuters had expected no change in the repo rate, as the Middle East conflict…
Ericsson has appointed Siseko Ngxola as head of its South African operations, signalling a continued focus on the local market. Siseko Ngxola | image supplied Ngxola brings more than 20 years of experience in the telecommunications sector, having held roles across sales, enterprise and mobile networks. His career includes international exposure in markets such as…
Epic Games has announced a sweeping reduction in workforce, cutting more than 1,000 employees. In a memo, CEO Tim Sweeney attributed the decision to a significant downturn in Fortnite engagement that began in 2025. This decline has resulted in the company spending substantially more than it earns, necessitating drastic measures to maintain financial stability. Read:…
If left unchanged, the new policy could have unintended consequences for SA’s broader economic and energy objectives, warns Zero Carbon Charge. The South African National Roads Agency’s (Sanral’s) proposed overhaul of its rest and service facilities (RSF) policy could derail private investment in electric vehicle (EV) infrastructure at a critical time for the country’s energy…
Finance teams are not short of dashboards, automation tools or AI pilots. What they are short of is time and confidence. Time to close, time to forecast, time to interrogate variance properly. Confidence that the numbers in front of them reflect the business as it is, not as it was two weeks ago. That gap…
Public Key Infrastructure (PKI) uses certificates to verify users, devices, applications, and servers. As the internet expanded, so did PKI’s remit, from securing email communication and VPNs to underpinning web encryption with HTTPS, digital signatures and machine identity management. PKI now supports countless daily activities. It ensures that data isn’t altered in transit, provides cryptographic…
Prominent South African podcasters have warned parliament that efforts to regulate the fledgling industry could cripple its growth, stifle innovation and have adverse economic effects. Parliament’s portfolio committee on communications & digital technologies called for a roundtable with members of the media and the podcasting industry to discuss the appropriate governance framework for the sector….
The much-anticipated Vodacom-Maziv fibre deal successfully cleared critical regulatory approvals last year. Remgro reported a robust set of interim results for the six months ended 31 December, with headline earnings per share surging 38.5% to 931 cents and interim dividends increasing 80.2% to 173 cents per share. A key driver of this growth was Community…
Namibia declined licence applications from Elon Musk’s satellite internet provider Starlink for failing to satisfy ownership and compliance criteria, the country’s telecommunications regulator said on Wednesday. A notice in the Southern African country’s Government Gazette on Monday showed Starlink’s applications for a telecommunications service licence and access to radio spectrum had been turned down. The…
IS21 is tied to a basket of sovereign currencies, which currently include the rand, dollar and euro. (Graphic by Nicola Mawson, with images via Intershare, Pexels and GenAI) Intershare has launched what it claims is the world’s first multi-currency-backed digital token, IS21, at a time when global fiat denominations are in a state of flux…
