South African inflation surges to 5%

South African inflation surges to 5%

South Africa’s headline consumer inflation accelerated faster than expected to 5% year on year in June, from 4.5% in May, data from Stats SA showed on Wednesday. The June print marks the fourth consecutive month of accelerating inflation — the rate has climbed steadily from 3% in February, when it briefly touched the Reserve Bank’s…

Read More
iGaming fraud surges in SA despite greylist exit

iGaming fraud surges in SA despite greylist exit

South Africa bucked a trend seen across Africa, with a three-fold increase in iGaming fraud. (Image created by GenAI) South Africa’s know-your-client (KYC) and anti-money-laundering (AML) tools are seen as fragmented, as the country experiences a three-fold surge in iGaming fraud. This, even though the country was taken off a global financial watchdog’s greylist last…

Read More
Gig work surges as South Africa’s e-hailing sector scales up

Gig work surges as South Africa’s e-hailing sector scales up

E-hailing platforms have enabled hundreds of thousands of drivers to earn income despite persistent unemployment and economic challenges. (Image created via Gemini) South Africa’s e-hailing sector has evolved from a convenient transport alternative into a significant contributor to the country’s digital economy, creating hundreds of thousands of income-generating opportunities. This, as the country continues to…

Read More
Zoom stock surges 18% as corporate expansion and AI fuel growth

Zoom stock surges 18% as corporate expansion and AI fuel growth

Shares of Zoom Video Communications Inc. skyrocketed as much as 18% on Friday, marking the company’s largest intraday gain since September 2020. The stock rally followed a stronger-than-anticipated sales forecast, signalling that the videoconferencing pioneer is successfully convincing enterprise clients to pay for its broader ecosystem of workplace productivity tools. Read: Google says Gemini Omni…

Read More