Mastercard takes a stake in MTN Group Fintech
MTN has signed definitive agreements with Mastercard for a minority investment of up to $200-million into MTN Group Fintech, at a valuation of $5,2-billion on a cash and debt-free basis. The Transaction, which is non-categorised in terms of the JSE Listings...
MTN, Jumo combine platforms for short-term loans
MTN's Mobile Money Platform, MoMo, and banking technology company Jumo have partnered to launch Qwikloan to offer affordable, short-term loans in South Africa. Qwikloan enables MoMo users to obtain small, short-term loans on their mobile phones, ranging from R250 to...
Nobel laureate urges more action on African debt
Nobel laureate Joseph E Stiglitz has called for a comprehensive global plan to help countries cope with mounting debt that has been compounded by the Covid-19 pandemic. Stiglitz, a recipient of the Nobel Memorial Prize in Economic Sciences in 2001, was speaking on...
Covid-19 drives new self-service initiatives
Customer service and support leaders are accelerating self-service initiatives to mitigate potential negative impacts of the Covid-19 pandemic, according to Gartner. More than 40% of customer service and support leaders have experienced increased service contact...
Enterprise external OEM storage revenue declines
According to the International Data Corporation (IDC) Worldwide Quarterly Enterprise Storage Systems Tracker, global market revenue for enterprise external OEM storage systems declined 2,1% year over year to $7,8-billion during the fourth quarter of 2020 (4Q20). Total...
Precision agriculture market to reach € 3,7bn
According to a new research report from the IoT analyst firm Berg Insight, the global market for precision agriculture solutions is forecasted to grow from € 2,7-billion in 2020 at a compound annual growth rate (CAGR) of 6,8% to reach about € 3,7-billion in 2025. A...
Open, honest communication key for young employees
South Africa's young people prefer to work for organisations that have business leaders who are open and honest in their communication with employees. In the eyes of younger generations, transparency has become an important factor that needs to be ensured by...
AI, automation take off as expectations shift
Customer expectations are growing amid the transition to all-digital experiences. And employees - who are already stretched thin - are feeling more pressure to meet demand. In response, many business leaders are turning to AI and workflow automation. These are among...
DSA believes SA could double SMME growth
South Africa can easily double the number of small, medium, and micro-enterprises (SMMEs) if sufficient attention is paid to the direct selling industry, says Rajesh Parshotam, chairperson of the Direct Selling Association of South Africa (DSA). A report by the Small...
SA accelerates digital transformation pace
South Africa is driving forward with digital transformation at around the same pace as the rest of the world. New research shows that local organisations have grown dx adoption by 20% between 2018 and 2020 - with 43% of organisations now identifying as digital...
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