Global NFT art sales hit new low
The once-booming non-fungible token (NFT) art market continues falling as collectors spend less and less on digital artwork. According to data presented by AltIndex.com, global NFT art sales value dropped to only $11-million in September, the lowest figure in years....
TikTok clamps down on videos, accounts
TikTok removed 106 476 032 videos for violations in Q2 2023, according to data presented by the Atlas VPN team based on TikTok's Community Guideline Enforcement report. The platform also wiped a total of 107 917 818 accounts in Q2 2023. Notably, most removed accounts...
Counting the cost of business fraud
Although various types of fraud are a common risk businesses need to protect themselves against, according to Forbes, the leading fraud risk to companies is identity theft. In today's age of online identities and now, as a result of COVID-19 - social distancing, it...
Consumer, single-function printers surge during pandemic
Western Europe's largest distributors saw printer sales boom at the end of the first quarter of 2020 and then fall in the second quarter, according to the latest data published by Context. The sudden rise - to meet the demand created by widespread lockdowns - prompted...
ITU’s Connect2Recover will aid African countries post-Covid
The International Telecommunication Union (ITU) has launched Connect2Recover with the support of the Ministry of Internal Affairs and Communications of Japan and the King Salman Humanitarian Aid and Relief Centre of Saudi Arabia to help countries recover from Covid-19...
SA inches up economic freedom rankings
South Africa has improved its economic freedom ranking, rising to 90th out of 162 countries and territories, compared to 101st last year. The Economic Freedom of the World: 2020 Annual Report was released by the Free Market Foundation in conjunction with Canada's...
Business confidence edges up
The Bureau for Economic Research (BER) reported on 9 September that South African business confidence improved in the third quarter - though remained very pessimistic. By Lullu Krugel, chief economist for PwC Strategy Africa, and Dr Christie Viljoen, PwC Strategy&...
SA’s Luno snapped up by global blockchain investor
South African-founded cryptocurrency exchange Luno has been acquired by Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies. Luno began in South Africa in 2013. It now has 5-million customers spanning over 40...
Alviva expects lower earnings for 2020
Alviva Holdings has issued a trading statement warning stakeholders of significantly lower earnings for the year ended 30 June 2020. Headline earnings are expected to be 52% to 58% lower than last year, down from R426-million to between R180-million and R205-million....
Cheques to be phased out by year-end
The South African banking industry is phasing out the use of cheques, and will stop honouring cheques issued from 1 January 2021. Standard Bank tells customers that the use of cheques has declined significantly as consumers shift to digital payments. "In response, and...
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