Social media is SA’s biggest financial scam vehicle

Social media is SA’s biggest financial scam vehicle

Social media is transforming the financial scam landscape in South Africa. (Image created via ChatGPT) South Africans are increasingly falling victim to investment scams promoted through social media and online platforms, prompting the Financial Sector Conduct Authority (FSCA) to intensify enforcement against digitally-enabled financial misconduct. The warning comes following the release of the FSCA’s latest…

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Netstar turns vehicle tracking into a data play

Netstar turns vehicle tracking into a data play

Netstar, the vehicle-tracking and telematics business owned by JSE-listed Altron Group, is positioning to turn the movement data it collects from more than 2.2 million vehicles into a commercial data product aimed at insurers, banks and government. The plan was set out at Altron’s capital markets day on Tuesday, where Netstar MD Warren Mande and…

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E-hailing overtakes vehicle ownership, outpaces fuel spend

E-hailing overtakes vehicle ownership, outpaces fuel spend

Discovery Bank and Visa data shows ride-hailing growth is now outpacing fuel spend, especially among younger urban consumers. South Africans are increasingly turning to ride-hailing services, as convenience, shifting economics and changing mobility habits reshape urban transport behaviour. This is according to the latest edition of the SpendTrend26 report, compiled by Discovery Bank and Visa, which…

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New Sanral policy threatens electric vehicle charging rollout

New Sanral policy threatens electric vehicle charging rollout

If left unchanged, the new policy could have unintended consequences for SA’s broader economic and energy objectives, warns Zero Carbon Charge. The South African National Roads Agency’s (Sanral’s) proposed overhaul of its rest and service facilities (RSF) policy could derail private investment in electric vehicle (EV) infrastructure at a critical time for the country’s energy…

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Africa: Roam Launches Connected Vehicle Platform for Electric Fleets in Africa

Africa: Roam Launches Connected Vehicle Platform for Electric Fleets in Africa

Roam has launched a digital platform that connects electric vehicles to a centralized monitoring system designed for fleet operators across Africa. The system, called Roam Explorer, tracks battery health, vehicle performance, location and usage in real time. It connects electric motorcycles, tuk-tuks, buses and cars to a digital platform accessible through mobile devices. Founded in…

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