Capitec’s fintech income surges amid MVNO gains

Capitec’s fintech income surges amid MVNO gains

Capitec continued to grow its customer base, as active clients increased to 26.6 million. (Image supplied) Capitec’s fintech operations, comprising value-added services (VAS) and its mobile virtual network operator (MVNO) Capitec Connect, continued to gain momentum in the six months to 31 August, with net income from the businesses rising 30% to R2.7 billion. The…

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BMW restructuring plan bets on AI and new models

BMW restructuring plan bets on AI and new models

BMW has set out a restructuring plan on Wednesday centred on AI, management cuts and two new model launches as the German luxury automaker seeks to restore investor confidence after a string of profit warnings and a deep slump in its share price. As Europe’s car industry struggles with weak demand, Chinese competition and US…

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OpenAI unveils Dots, always-on AI agents for autonomous workflows

OpenAI unveils Dots, always-on AI agents for autonomous workflows

At its annual DevDay conference in San Francisco, OpenAI announced the launch of “Dots,” a new category of proactive, always-on artificial intelligence agents engineered to perform complex, multi-step tasks continuously with minimal human supervision. Designed to operate in the background across cloud virtual machines, web browsers, and local desktop environments, Dots mark a major push…

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Nutun eyes global deployment of AI debt collector

Nutun eyes global deployment of AI debt collector

Nutun says its agentic AI debt collector Zoey serves to augment the workforce rather than replace it. (Image source: iStock) Global business process outsourcing (BPO) and credit-lifecycle management company Nutun is readying its agentic artificial intelligence (AI) debt collector Zoey for global deployment in November. This, after the South African operations served as an innovation…

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Apple’s smart-home plan has a launch date

Apple’s smart-home plan has a launch date

Apple plans to make its long-delayed push into the smart-home market on 13 October with a new hub code-named J490, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company also plans to announce the first update to the HomePod mini since the device’s 2020 debut and its first new TV set-top…

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VW integrates AirConsole in-car gaming across 2027 lineup

VW integrates AirConsole in-car gaming across 2027 lineup

Volkswagen has announced a partnership with Swiss gaming developer N-Dream to integrate the AirConsole casual gaming platform directly into its 2027 model-year vehicles. The in-vehicle entertainment system launches with an initial catalogue of 20 titles, headlined by Tetris, alongside Pac-Man Championship Edition and Uno Car Party. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Rogue…

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Mr Price cuts application estate by nearly 75% through cloud-led modernisation

Mr Price cuts application estate by nearly 75% through cloud-led modernisation

Marilize Redelinghuys, head of retail modernisation, Mr Price Group. (Photograph: Lesley Moyo) Mr Price Group, a JSE-listed, cash-based omnichannel retailer, has reduced its application landscape from nearly 400 systems to 103 over the past five years as part of a broader technology modernisation programme aimed at supporting growth while maintaining operational efficiency. This is according…

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A shrinking JSE goes hunting for tech SMEs with TIA

A shrinking JSE goes hunting for tech SMEs with TIA

The Technology Innovation Agency’s Patrick Krappie The JSE and government’s Technology Innovation Agency (TIA) have launched a four-month pilot to prepare 10 small and medium-sized technology enterprises to raise capital – without giving them grants. The programme was announced at the JSE in Sandown on Wednesday. “It does not provide participating SMEs with direct grant…

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FSCA builds AI guardrails as digital regulation expands

FSCA builds AI guardrails as digital regulation expands

FSCA’s AI framework forms part of a broader digital strategy aimed at improving regulatory processes. (Image created via Gemini) The Financial Sector Conduct Authority (FSCA) is developing an artificial intelligence (AI) framework, as it accelerates a broader digital transformation programme aimed at making the regulator more data-driven and automated. This is according to the financial…

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