The rand strengthened on Friday to its firmest level since the US and Israel attacked Iran on 28 February, but the rally is unlikely to show up on the shelf price of a laptop or a server any time soon. A global shortage of memory and storage chips is doing far more damage to South…
Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), during the Asian Financial Forum in Hong Kong, China, on Tuesday, Jan. 27, 2026. The forum runs through today. Photographer: Lam Yik/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hong Kong’s IPO pipeline is supported by companies beyond the ‘fashionable’…
Sars has published a long-awaited consultation paper on VAT modernisation, setting out a five-corner e-invoicing model intended to pre-fill VAT returns and, in time, automate VAT assessment. The detail that will surprise many businesses is the timeline: on the road map Sars has published, no vendor is required to do anything until the 2030s. The…
Women’s Day event held at DUT. The conversation around women in technology has matured significantly over the past decade: beyond asking how to ensure more women enter the industry, the more important question is how do we ensure they remain, progress and lead. Recruitment is only the first step; retention is the real measure of…
Standard Bank Group reported technology costs of R11.83-billion in its banking operations for the six months to 30 June, up just 2% on the R11.62-billion a year earlier – 3% growth in constant currency – in a period in which it said almost three-quarters of its staff were active users of generative AI tools. The…
Washington has been stepping up efforts to curb Beijing’s technological ambitions, but from artificial intelligence to electric vehicle batteries, Chinese technology is becoming increasingly embedded in the businesses of some of the world’s biggest companies. Apple has tapped Alibaba and Baidu for AI in China, while Ford has turned to CATL for battery technology. Volkswagen…
Old Mutual’s Durban Capability Hub marks three years. Insurer Old Mutual plans to deepen strategic partnerships and expand talent pipeline development through its Durban Capability Hub in KwaZulu-Natal. This comes as the Old Mutual hub marks three years since it was established, as part of attracting, developing and retaining scarce technology, digital, data and specialist…
Richard Okello, co-founder of African investment firm Sango Capital, sees strong potential across a variety of sectors. Okello is particularly keen on African retail. “The transformation from unorganised retail to organised retail is underway,” he notes. One of Sango’s standout investments has been Sundry Markets, the parent company of Marketsquare, a Nigerian supermarket chain founded…
Nigeria enters this transition with considerable advantages. It has Africa’s largest population, one of the continent’s largest healthcare markets, a rapidly expanding digital economy and a technology sector with growing regional influence. For Nigeria, the opportunity is larger than building a stronger health system. It is to build companies that commercialise Nigerian research, manufacture products…
Incoming Nebank CIO Nikos Angelopoulos Nedbank has appointed Nikos Angelopoulos, formerly MTN Group’s group CIO, to the same role at the bank, which has been without a permanent technology chief since the end of January. Angelopoulos starts on 1 September and joins the group executive committee. He ran technology at MTN from July 2018 until…
