Larry Cooke, legal counsel for Binance Africa. Crypto-currency exchange Binance has seen rapid customer growth in South Africa, since its local inception eight years ago, as more South Africans adopt crypto-currency. The online digital wallet service − through which crypto-currencies can be traded, bought and sold − says it has witnessed local customer numbers rising…
Africa’s growth could outpace Asia’s for the first time in 2026, figures from the International Monetary Fund (IMF) suggest, as the continent’s population continues to rise fast. Some countries are forecast to grow at double-digit rates, including Guinea, while average growth in sub-Saharan Africa is expected to reach 4.6 percent. Over the same period, according…
Copper is a foundational material used in the technology industry South Africa’s potential to compete more effectively as a producer of critical minerals used in the technology sector is hampered by structural inefficiencies and policy uncertainty, leading to investments flowing to other countries where investors perceive it is easier to do business. This is according…
Net Nine Nine CEO Albert Oosthuysen Despite global trends showing a correlation between higher internet penetration rates and GDP growth, South Africa’s high internet penetration has failed to translate into robust economic growth. This is because uncapped fibre broadband reaches only 26% of the population, despite mobile internet penetration exceeding 80%, according to Net Nine…
Samsung Mobile’s TM Roh Samsung Electronics on Thursday projected a three-fold jump in fourth-quarter operating profit from a year earlier to a record high as tight supply and a surge in artificial intelligence-driven demand stoked prices for conventional memory chips. The results highlight how chip prices have rocketed as chipmakers scramble to keep up with…
US President Donald Trump. Brian Snyder/Reuters After celebrating Donald Trump’s second presidential term by swilling cocktails and partying to Snoop Dogg at a pre-inauguration event in January, the crypto industry went on to notch major legislative and regulatory victories this year. But the party may not continue into 2026. Among the industry’s biggest wins under…
Robotaxis felt like science fiction just a decade ago, but this year, autonomous vehicles became a commonplace option for paying passengers across big cities in the U.S. and parts of Asia. Alphabet-owned Waymo kept expanding and dominates the robotaxi market in the U.S., though rivals Tesla and Amazon-owned Zoox also launched the first versions of…
Businesses that are required by law to collect know-your-customer (KYC) information are set to benefit from improved speed and reliability as digital identity systems become more commonplace in Africa. The banking, insurance and automotive sales sectors are among the key beneficiaries, though areas such as driver’s licence issuance, qualifications verification and criminal record checks are…
A momentous week in the technology sector made it clear there is no sign the boom in building artificial intelligence infrastructure is slowing — despite the bubble talk. Nvidia, whose processors are the AI revolution’s backbone, became the first company to surpass US$5-trillion in market value. Microsoft and OpenAI inked a deal enhancing the ChatGPT…
Nvidia made history on Wednesday by becoming the first company to reach a market capitalization of US$5-trillion, cementing its position as the undisputed backbone of the global artificial intelligence industry. This stunning rally underscores the company’s swift transformation from a niche designer of graphics chips into a dominant tech giant, and it solidifies CEO Jensen…
