Public broadcaster the SABC’s Auckland Park headquarters. The Department of Communications and Digital Technologies (DCDT) has appointed BMIT Knowledge Group (BMIT) to develop a funding model for the South African Broadcasting Corporation (SABC). BMIT is an IT and telecoms research house located in Johannesburg. The DCDT says in a statement: “BMIT Knowledge Group is a…
The African Union has warned the continent loses billions in illicit financial flows each year. Analysts say stopping tax evasion and corruption is just the first step to keeping African wealth in the continent. An estimated US$88 billion (€76 billion) leaves Africa annually through tax evasion, money laundering, and corruption, the African Union (AU) says. In 2015, that figure was…
KnowBe4, the world-renowned cybersecurity platform that comprehensively addresses human risk management, has released its latest research paper “Financial Sector Threats Report,” uncovering critical insights into the escalating cybersecurity crisis facing the global financial sector. The report shows that financial institutions face a perfect storm of AI-enhanced attacks, credential theft and supply chain vulnerabilities that pose…
Local start-ups continue to encounter hindrances in accessing equity investment. Funding limitations within South Africa’s venture capital (VC) ecosystem have once again been thrust into the spotlight, with an executive openly stating it is undercapitalised. Patrick Krappie, executive: innovation enabling at the Technology Innovation Agency (TIA), made the comments at a recent roundtable engagement it…
– Developed countries are not fulfilling their commitments to provide sufficient financial support for climate change action, according to Ethiopia’s Ministry of Water and Energy (MoWE). The ministry made the statement during the opening of the Pre-Africa Climate Summit 2 (ACS2) Water and Energy Exhibition, which aims to bring stakeholders together to forward solutions. In…
Highlights Revenue grew 14% year over year to $1.63 billion. Billings grew 15% year over year to $1.78 billion.1 Unified SASE ARR up 22% and Security Operations ARR up 35%, year over year.2 GAAP operating margin of 28%. Non-GAAP operating margin of 33%.1 Raised 2025 full-year billings guidance midpoint by $100 million. Fortinet, a global…
Deon Tromp South Africa’s financial services sector is under pressure to modernise – yet few businesses are solving the right problems. While digital banking apps and fintech interfaces have advanced rapidly, the underlying infrastructure often remains fragmented, outdated and over-reliant on rigid integrations. It’s a challenge Omnea knows well – and one the company was…
As the Fourth International Conference on Financing for Development (FfD4) concluded in Seville, Spain in early July 2025, global leaders adopted the “Seville Commitment,” reaffirming the urgent need to reform the international financial architecture, expand fiscal space, and advance gender equality. These commitments are timely and necessary. But without actionable and enforceable reforms, African countries—and African women…
As the Global South gains influence, Africa is charting a new path toward financial sovereignty, shifting away from dependence on foreign aid, said African Union Commission Chairperson Mahmoud Ali Youssouf. Speaking at the 7th Mid-Year Coordination Meeting of the African Union in Malabo, Chairperson Mahmoud Ali Youssouf emphasized that the Global South, including Africa, is…
Africa is intensifying its calls for reforms to the global financial system, arguing that the current standards for accessing international concessional finance and building competitive financial institutions remain under the control of outdated frameworks that disadvantage the continent. During the African Union Commission’s 7th Mid-Year Coordination Meeting held in Malabo, AU Commission Chairperson Mahmoud Ali…
