The Financial Sector Conduct Authority (FSCA) has warned that artificial intelligence is both an opportunity and a risk for South Africa’s financial sector, especially when it comes to information security. In a wide-ranging report, Artificial Intelligence in the South African Financial Sector, the FSCA said AI presents a number of risks related to consumer protection…
An inside look at winners and losers in the TMT sector. (Photograph by Nicola Mawson) As we exit 2025, analysts have diverging views on which stocks were winners and which are the ones to watch next year. ITWeb asked analysts for their top picks, as well as what shares disappointed this year. Unsurprisingly, Naspers and…
Angola’s President João Lourenço. PHOTO/UGC. By ENERGY CORRESPONDENT [email protected] Angola has made a significant leap forward in its energy sector with the launch of the Soyo non-associated gas plant and the establishment of the new gas consortium (NGC). The development expected to drive economic growth, industrial diversification, and enhanced energy security nationwide was announced in…
South African discount retailer Pepkor Holdings has received regulatory approval to establish a banking presence, it said on Tuesday, as it expands beyond retail and basic financial services. Pepkor said in a statement that it had secured approval from the Prudential Authority in November, enabling it to enter South Africa’s competitive banking sector. The company…
The communications & digital technologies department has issued a wide-ranging request for information (RFI) inviting potential partners to help modernise and commercialise key parts of the South African Post Office (Sapo), including its digital platform. It forms part of the company’s turnaround strategy to optimise its assets and infrastructure through partnerships with both the private…
The partners aim to cultivate a generation of African digital leaders who can strike a balance between innovation and effective regulation. Cambridge Enterprise and the Securities and Exchange Commission (SEC) Nigeria have partnered to enhance Africa’s capacity to strike a balance between innovation and regulation within the continent’s rapidly evolving fintech landscape. The collaboration is…
The Competition Commission found that Google and YouTube reproduce South African news content, but provide no remuneration to local publishers. Google and YouTube have agreed to establish a combined R688 million media support package to fund national, community and vernacular media in SA. This is one of the key recommended remedies in the Competition Commission’s…
Calisto Radithipa Interview with Calisto RadithipaFOUNDER and CEO, KEMCORE Lives in: Cape Town, South Africa Calisto Radithipa has built Kemcore into a key supplier to Zambia and DRC’s copper and cobalt mines. Calisto Radithipa was born in Marobela village in eastern Botswana, near the Zimbabwean border. In 2001, with local universities full, he received a…
Freetown — Sierra Leone’s economy is showing signs of stability in the face of heightened global challenges, with growth projected at 4.3 percent in 2025 and reaching 4.6 percent by 2027, according to the latest World Bank Sierra Leone Economic Update (SLEU) launched today in Freetown. This outlook is supported by expected improvements in agricultural…
The global business services sector is one of the fastest growing sectors in SA and a priority sector for government. South Africa’s global business services (GBS) sector shows no signs of slowing down, adding 8 180 net new international jobs from April to June. The resulted in $131 million (R2.3 billion) contributed to the country’s…
