BETI weakens in August, but improves on last year

Amid the volatile economic conditions that have pushed business and household confidence to lower levels, the BankservAfrica Economic Transactions Index (BETI) slipped again in August 2023 – though still up compared to August 2022. “After rebounding in...

Mixed bag predicted for holiday season spending

Only 9% of consumers reported that they plan to spend more this holiday season, according to a Gartner survey, which also reveals that 28% of respondents plan to spend less this holiday season than in 2022, while 63% of consumers plan to spend the same amount this...

Scammers targeting Africa becoming more sophisticated

Nearly half of the survey participants in the just-released KnowBe4 2023 Online Scams and Victims in Africa Report have fallen victim to an online scam at least once, losing thousands of dollars in the process and compromising their personal data. The report is based...

SASE market sizzles to top $2bn in Q2

The overall SASE market – consisting of SD-WAN and SSE (security service edge) solutions – bucked economic uncertainty with 38% YoY revenue growth in the second quarter of 2023, according to the Dell’Oro Group, breaking through the $2-billion mark to...

Huge surge in illicit crypto transactions

Last year, the crypto space saw a shocking $20,6-billion worth of illicit transactions – the highest figure in the market`s history – and despite the market downturn, illicit crypto activity increased for the second consecutive year pushing the five-year...