Climate hazards will slash corporate earnings

Climate hazards will slash corporate earnings

Businesses must act now to address growing climate risks or face steep financial losses, according to two new reports released today by the World Economic Forum. Companies that delay could see up to 7% of annual earnings wiped out by 2035 an impact akin to...

BETI moderated slightly in November

The BankservAfrica Economic Transactions Index (BETI), which measures the value of all electronic transactions cleared through BankservAfrica at seasonally adjusted real prices, remained largely unchanged in November, continuing the sideways trend observed since May...

Realtime payments boost African economies

Realtime payments are projected to contribute more than $15-billion in additional GDP growth to Nigeria and South Africa by 2028. This is according to the RealTime Payments: Economic Impact and Financial Inclusion report published by ACI Worldwide, in collaboration...

Agentic AI fuels enterprise automation

As enterprises seek to scale and innovate in an increasingly complex digital landscape, Agentic AI is emerging as a transformative force, redefining the boundaries of automation. From intelligent decision-making to real-time adaptability, this cutting-edge technology...

African Development Bank accelerates Transnet support

The African Development Bank has released the first tranche of its $1-billion loan to Transnet. This disbursement is the first in a series of four tranches planned for a financing arrangement to support Transnet’s business recovery plan. Approved by the bank’s board...

New board for ISPA

Following the recent annual general meeting (AGM) and fourth quarter board meeting, the Internet Services Providers Association (ISPA) has unveiled its new board line-up for the next three years. The official internet industry body extends thanks to outgoing board...