Cyber resilience the foundation for Africa’s next phase of digital growth

Building strong cyber resilience will be the key to sustaining the current remarkable growth of Africa’s digital economy, according to a new white paper from Mastercard. The report – Africa’s Digital Defence Race - highlights that between 2016 and 2025, mobile money...

Underfunding a leading cause of AI failures for SA firms

South African organisations whose AI ambitions outrun their budgets are seven times more likely to say AI has fallen short, according to preliminary results from DayOne’s State of AI Delivery in South Africa survey. Of the more than 170 employees, founders, managers...

Revenue to hit $1bn as quantum breakthroughs advance

Worldwide, quantum computing revenue is projected to total $1,1-billion in 2027, according to Gartner. “Nations and businesses have scaled spending in quantum literacy, patents, partnerships, and early use-case exploration,” says Gaurav Gupta, vice-president analyst...

Fuel price shock will hit supply chains hard, driving prices up

South Africa’s latest fuel price increase will put fresh pressure on already strained supply chains, says supply chain industry body SAPICS. The organisation warns that the cost impact is likely to extend far beyond the transport sector and into consumers’ pockets at...

Resource-rich Africa has ‘no excuse to be poor’

With $6,2-trillion worth of natural resources, 65% of the world's uncultivated arable land, and a vibrant youth population, Africa has no excuse to be poor. This is the word from African Development Bank group president Dr Akinwumi Adesina, who says the continent must...

Internet use lowers death risk in over-50s

A new study reveals some unexpected health benefits of Internet usage - especially for older adult populations. According to research by Atlas VPN, Internet users aged 50 and older have a 33% lower risk of death than non-users. Engaging with new social connections and...

Hacker-for-hire group DeathStalker strikes again

DeathStalker is an advanced persistent threat (APT) actor that is believed to offer hacking-for-hire services to steal sensitive business information from companies in the financial and legal sector. First reported by Kaspersky researchers in August this year, the...

Key takeaways from Black Friday 2020

While pre-Covid-19 e-commerce played on the periphery of retail in South Africa, BankServ figures show online sales surging 62% year-on-year (YoY) on Black Friday as virus-wary South Africans shunned in-store shopping. On the other hand, brick-and-mortar sales figures...

Online fraud rose over Black Friday weekend

There has been a 6,59% rise in suspected online retail fraud coming from South Africa during the start of the 2020 holiday shopping season compared to the same period in 2019. These findings are based on the online retail transactions TransUnion analysed for its...

Top marketing predictions for 2020 and beyond

Gartner's top marketing predictions for 2021 and beyond explore how post-pandemic renewal strategies put marketing on the hook for redefining and reestablishing customer relationships in line with digital's "new normal". "The need for vision, innovation and...

Calling young innovators …

Applications have opened for the Global Young Innovators Programme, a free programme offered to 60 of the best and brightest young innovators and entrepreneurs in South Africa and the UK to come together to tackle some of the world's biggest challenges. Aimed at 18-30...

Blockchain could boost economy as it raises trust

Blockchain technology has the potential to boost global gross domestic product (GDP) by $1,76-trillion over the next decade. That is the key finding of a new PwC report "Time for trust: The trillion-dollar reason to rethink blockchain", which assesses how the...

Millennials prefer bitcoin to gold as a safe-haven

Millennials prefer bitcoin to gold as a safe-haven asset, according to a poll by deVere Group, as the cryptocurrency this week peaked at an all-time high of $19 864. More than two-thirds (67%) of the 700-plus millennial clients surveyed said that they think bitcoin...

Black Friday 2020 spend dropped by more than half

Consumers' pockets were evidently under strain this Black Friday as sales fell behind 2019's figures. The total transaction volumes plunged by -33% and values by -52% year-on-year. Most of the South Africans who splurged used their credit cards. "The usual midnight to...

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