South Korea jails 90-year-old woman for laundering son's drug money
The woman has been sentenced to a year in jail for laundering money for her son who is imprisoned in Cambodia.
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Streaming platform bags rights for Fifa World Cup in South Africa
SportyTV, an African-focused streaming platform, said on Monday that it has acquired pay-television rights to show all 104 matches of the 2026 Fifa World Cup in South Africa. The deal, which SportyTV said was struck directly with Fifa, marks a significant escalation for the platform in a market where MultiChoice Group’s SuperSport has held the…
Why South Africa’s EV market is going nowhere slowly
Audi South Africa’s Asif Hoosen South Africa’s electric vehicle market is failing to grow and Audi says import taxes and a lack of consumer incentives are largely to blame, with the premium segment declining in full battery electric sales last year. That was the message from Asif Hoosen, head of sales and planning at Audi…
South Africa’s biggest banks are lining up behind Optasia
Optasia CEO Salvador Anglada Optasia has secured US$330-million (R5.4-billion) in refinanced and upsized debt facilities, with Standard Bank acting as joint mandated lead arranger and underwriter in a deal that deepens the banking group’s relationship with the JSE-listed fintech. The facilities comprise a $180-million term loan and $150-million in bank guarantees, and are designed to…
Warning that South Africa’s digital competitiveness is in retreat
South Africa’s ability to compete in the global digital economy is slipping, with key metrics on infrastructure, broadband access and the country’s skills profile lagging as peer economies make faster headway. These are among the findings of the South Africa’s Digital Infrastructure Investment Study (Sadis) 2025 report (PDF) released by the Development Bank of Southern…
5G expected to reshape South Africa’s wireless broadband market
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…
South Africa’s draft AI policy is a bureaucrat’s dream
Communications minister Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has gazetted South Africa’s draft national AI policy for public comment, opening a 60-day window for submissions on an 86-page document that proposes a sweeping new institutional architecture – including seven new oversight bodies – to govern the development and deployment of AI across the…
Africa: Embryo Fossil Found in South Africa Is World’s Oldest Proof That Mammal Ancestors Laid Eggs
Between 280 and 200 million years ago, a group of animals evolved which would eventually give rise to mammals, including humans: the therapsids. They were first described more than 150 years ago, based on fossils from South Africa. Since then, many more fossils have been discovered. James Kitching, one of the most talented South African…
Africa: United States Welcomes Arrival of Groundbreaking HIV Prevention Medicine in South Africa
U.S. Embassy Pretoria Press Release FOR IMMEDIATE RELEASE United States Welcomes Arrival of Groundbreaking HIV Prevention Medicine in South Africa PRETORIA, South Africa – The U.S. Mission to South Africa welcomes the arrival of the first shipment of Lenacapavir to South Africa on April 7, marking a significant milestone in the global fight against HIV/AIDS….
The open banking divide in South Africa
Standard Bank Group’s Simon Just Standard Bank has come out in defence of a market-led approach to open banking in South Africa that the Reserve Bank recently criticised, while the fintech industry is calling for more regulation. In March, the Reserve Bank released a working paper (PDF) arguing that South Africa’s market-driven approach to open…