Nonhlanhla Mdletshe, executive for cash for product at Absa Business Banking South Africa’s banking sector is likely to undergo significant change as the industry moves towards faster payments, shared infrastructure and greater interoperability, according to Nonhlanhla Mdletshe, executive for cash product at Absa Business Banking. Speaking to ITWeb, Mdletshe said the shift towards real-time payments…
Temu and Shein’s boom has accelerated SA’s digital commerce shift. Nearly half of surveyed South African online shoppers buy from international low-cost platforms such as Temu and Shein, highlighting a shift in local consumer behaviour and intensifying pressure on domestic retailers. This is according to new consumer research conducted by payments firm Stitch, in partnership…
Iran’s decision to act on its long-promised threat to close the Strait of Hormuz has brought United States countermeasures in the form of a US naval blockade. Despite doubts over the legality, feasibility and efficacy of Iran’s initial move and flip-flops about the continuation of the closure, the immediate global impact, surging oil prices and…
Addis Ababa — The African Social Media Influencers Summit (ASMIS) 2026 officially kicked off today in Addis Ababa, bringing together leading digital creators, content producers, media personalities, and communication experts from across the continent to promote a more authentic African narrative through digital platforms. The two-day summit, being held under the theme of advancing Africa’s…
War, climate change and resource scarcity converge to reshape life in the Lake Chad basin Fishermen’s boats in Lake Chad. PHOTO/Grid-Arendal. By PATRICK MAYOYO [email protected] A new report has revealed how armed conflict, climate change and dwindling natural resources are colliding in the Lake Chad basin, fundamentally reshaping the lives of millions across Central and…
The Trump administration and the AU have started a bold journey that could ‘flip the script’ on decades of development cooperation. The United States (US) and the African Union Commission (AUC) have announced a new plan to secure investment inflows and develop trade in Africa. The Strategic Infrastructure and Investment Working Group (SIWG) formed on…
South Africa’s broadband access market is expected to reach R82.8-billion in revenue by 2029, with 3.7 million new active subscriptions, according to the latest SA Broadband Report from ICT analyst firm BMIT. The headline growth rate – a compound annual growth rate of 8.6% – is driven overwhelmingly by the residential market, where both fibre-to-the-home…
Oracle’s Mike Sicilia is the latest software CEO to wade in to the debate on whether AI tools that heavily automate human tasks will mean the demise of his industry. His verdict was a resounding “no”. “You’ve all heard … that new companies coding quickly using AI will spell the death of SaaS (software as…
AI shopping tools gain traction, yet most South Africans still prefer human customer service interactions. (Image created with ChatGPT) Artificial intelligence (AI), digital wallets and crypto-currency linked payments are rapidly changing how South Africans shop and transact, according to new research from Visa. The latest Spending Shift Survey was commissioned by Visa and conducted by…
United States President Donald Trump’s second administration has introduced a bold and unconventional strategy for the Middle East. The administration intends to recalibrate US influence in a region historically scarred by conflict, prioritising regional stability through economic strength and military consolidation by asserting a stronger, business-minded US presence. At the centre of Trump’s ambitious goal…
