R2R encompasses the entire financial close cycle – from recording transactions to reporting financial results. (Image: MoData) South African businesses are under pressure to deliver financial results faster while maintaining absolute accuracy and compliance. In industries like financial services, retail, telco and gaming, the volume and complexity of transactions have soared, making manual spreadsheet-based reconciliations…
Crypto assets broaden opportunities in the transaction environment but also pose significant money laundering and terrorist financing risks due to their ease of availability, use, anonymity, and decentralised nature. The Financial Intelligence Centre (FIC) classified the overall inherent risks of money laundering for crypto asset service providers (CASPs) in South Africa as “high” following a…
African governments and development partners have been urged to increase investment in digital infrastructure to support inclusive e-learning and strengthen ethical migration reporting across the continent. The call was made this week at the 3rd International CoMMPASS Conference, hosted by Uganda Christian University (UCU), which brought together journalists, educators, students and policymakers to discuss responsible…
German software giant SAP plunged as much as 14% Thursday after reporting weaker-than-expected growth in its cloud contract backlog in the fourth quarter. It’s the biggest daily fall since October 2020, when its stock dropped 22% following disappointing third-quarter results. The stock is also on track to close at its lowest price since mid-2024. SAP’s…
News media shape public understanding of artificial intelligence (AI) and influence how society interacts with these technologies. For many people, especially those who have not sought more knowledge about AI elsewhere, media platforms are a primary source of information. This is particularly significant in Africa, where historical and socioeconomic contexts like colonial legacies and uneven…
Johannesburg — The African Energy Commission (AFREC) has concluded a three-day technical training workshop in South Africa aimed at enhancing the country’s capacity to compile and manage comprehensive national energy statistics, a significant step toward strengthening energy data management in Southern Africa. Held from 30 July to 1 August 2025, the training targeted national focal…
