Digital transformation a priority for African banks

A growing African population – forecast to be 2,49-billion by 2050 – coupled with spectacular increases in the number of devices such as smartphones and tablets (mobile phones now account for 75% of Web traffic in Africa) is the perfect recipe for an...

Alarming rise in deepfakes for the ‘world’s election year’

Africa, along with half the rest of the world’s population, will have its share of elections in 2024 – and new data is showing an alarming increase in YoY trends in AI-powered scams. Sumsub – a global full-cycle verification provider – has...

African industries should look out for these threats …

According to Kaspersky statistics, in the first quarter of 2024, the percentage of industrial control systems (ICS) computers globally on which malicious objects were blocked decreased by 1,3 percentage points (pp) from the first quarter of the previous year, to...

Economic conditions weigh on new vehicle sales

New vehicle sales declined 14,2% year-on-year in May as consumers and business played their final waiting card in search of political stability. “While the politics will play out during June, the new vehicle market will hopefully be able to display more...

Homeowners signal cautious optimism

Absa’s Homeowners Sentiment Index for the first quarter of 2024 reveals an uplift in confidence in the property market, with overall sentiment among respondents surveyed climbing to 82% as optimism begins to remerge. In the survey of 1 149 respondents, the...

Seacom restores East Africa cable operations

Seacom has restored services to its customers following the completion of subsea repair operations on its East Africa (S1) cable. The physical repair of the subsea cable was completed on 31 May and the process to restore and test client services back to the original...