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…

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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…

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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…

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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…

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Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics reported an over eight-fold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts’ estimates on the explosive growth of…

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Fixed wireless surges as SA broadband market resets

Fixed wireless surges as SA broadband market resets

South Africa’s broadband market is shifting toward fixed wireless growth. (Image created using ChatGPT) Fixed wireless access (FWA) is increasingly gaining ground in South Africa’s broadband mix, emerging as a fast-scaling alternative alongside fibre. This, as local operators respond to the rising demand for household connectivity. A new Opensignal report shows how competition is intensifying…

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