Capitec has agreed to open its Capitec Pay platform to competing payment service providers, and not to favour it over the banking industry’s shared instant-payments rail, as conditions for regulatory approval of its acquisition of payments fintech Walletdoc. The Competition Commission has recommended that the Competition Tribunal approve the transaction subject to those conditions. The…
Chinese startup Moonshot AI has unveiled a new model it says closes the gap with leading U.S. offerings and surpasses OpenAI and Anthropic’s most capable systems on some benchmarks. Kimi K3 still trails Anthropic’s Claude Fable 5 and OpenAI’s GPT 5.6 Sol on overall performance, the company said on Friday, but consistently outperformed other tested…
Kylie Cooper/Reuters Adobe is releasing a new AI assistant designed to help users carry out tasks across its suite of software for editing photos, videos and other digital content. The Firefly AI assistant is designed to take orders from human creative professionals about what results they want for a piece of content and then autonomously…
The Portuguese cargo ship MSC Maxine is pictured at the Port of Balboa at the entrance to the Panama Canal in Panama City on April 23, 2025. The Port of Balboa is managed by CK Hutchison Holdings, based in Hong Kong. Martin Bernetti | Afp | Getty Images The U.K., the European Union and Singapore…
Africa-focused e-commerce retailer Jumia Technologies expects to break even in the last quarter of 2026 and deliver its first full-year profit next year as it accelerates growth after years of restructuring, its CEO said on Wednesday. Jumia, which will operate in eight markets after exiting Algeria this month, has dropped everyday grocery items and food…
A snow removal machine is seen working while a Boeing 737 American Airlines passenger aircraft is parked at gate on the tarmac of LaGuardia airport in New York on January 25, 2026. Charly Triballeau | Afp | Getty Images American Airlines‘ promised turnaround is off to a rocky start this year. Pilot and flight attendant…
Superbalist has over 4.5 million monthly users and more than 50 000 products. Online shopping portal Superbalist has aligned its content and commerce strategy with LLM-driven discovery. The company, spun out of Takealot in September 2024 after revenue pressure from companies like Temu and Shein, is betting on generative engine optimisation (GEO) to attract e-shoppers….
Trade minister Parks Tau. Leah Millis/Reuters South Africa has softened its competition regulations to allow firms battling high power costs to jointly build energy infrastructure and collectively negotiate supply contracts. Trade minister Parks Tau said in a government notice on Wednesday that the new measures were meant to assist distressed industries. Electricity costs in South…
Dominic Cull Ryan Goodnight, senior director of market access and development at SpaceX, told Africa Tech Festival attendees last week that Starlink could launch in South Africa “tomorrow” if four lines in the licensing regulations were deleted. But communications lawyer Dominic Cull of Ellipsis Regulatory Solutions is unequivocal: not only is that timeline impossible but…
US megaretailer Walmart’s move to introduce its own-branded stores in South Africa is going to be met with stiff competition from established retailers, but its advancements in retail technology – spanning its operations from in-store management to its logistics pipeline – could give it an edge. According to Chris Gilmour, investment analyst at Gilmour Research,…
