Minister of Planning, Economic Development and International Cooperation Rania el-Mashat said Egypt welcomes coordination with South Africa within the framework of its presidency of the G20 to push forward restructuring the Global Financial System (GFS) and achieve tangible progress in development financing, highlighting the joint role that Egypt and South Africa play as “cornerstones” of…
South Africa’s entrepreneurs and SMEs sit at the heart of our economy, contributing over 30% to GDP and employing between 50% and 60% of the country’s workforce. They’re the corner bakeries, the growing logistics firms, the niche manufacturers, the consultancies with 10 or 50 people quietly powering supply chains that feed larger industries. But for…
The author, President Cyril Ramaphosa. Image: GCIS South Africa has a well-established car manufacturing industry that’s more than a century old. It has proven to be one of the most resilient sectors of our economy. Since the first assembly plants were established in the Eastern Cape in the 1920s, the automotive industry has grown to…
We’re at an inflection point. Around the world, we’re seeing artificial intelligence and the internet of things come together – what many are calling AIoT – to reshape completely how industries operate. And while mainstream news often focuses on shiny ideas like flying drones or autonomous cities, I’m more interested in how these technologies are…
Netflix has launched an on-the-job training initiative in South Africa aimed at nurturing talent in the country’s television and film production industry. The US streaming giant said the ScreenCraft Pathway programme has been developed in partnership with the Gauteng Film Commission and the KwaZulu-Natal Tourism and Film Authority. It will be administered by Tshikululu Social…
IT security breaches are on the rise in South Africa and worldwide and, with AI tools at their disposal, criminals are scaling up their attacks. With the risk of attack so high, organisations are forced to look beyond beefing up security – they must prepare for the unfortunate event where their systems are, in fact,…
Rapid growth in venture capitalist investments in Southern African – with early stage tech start-ups taking the lion’s share of the VC pot – is a sign of the region’s growth potential. This is especially true given the slowdown in venture capital funding commitments globally. This is according to Nicola Gubb, interim executive director of…
Multinational payment authorisation services giant Visa launched its first data centre in South Africa on Wednesday. The build forms part of Visa’s R1-billion commitment to investments in Africa. According to Michael Berner, country manager for Southern and Eastern Africa at Visa, the launch is aimed at improving Visa’s services in South Africa and also forms…
The Super Falcons of Nigeria kicked off their 2024 Women’s Africa Cup of Nations (WAFCON) campaign on a high note with a convincing 3-0 win over Tunisia in their opening group match. The momentum stalled with a lacklustre 1-0 win over Botswana and a goalless draw against Algeria in the final group tie. However, Justin…
From their origins as Lulalend, a pioneering digital lender, the fintech founded by CEO Trevor Gosling and CTO Neil Welman has evolved into a comprehensive digital business banking platform (Lula), consistently demonstrating innovation, agility, and a deep understanding of the unique challenges and opportunities faced by South African SMEs. “We have evolved in leaps and…
