Digital assets, AI are hot as fintechs pull in $44,7bn

Despite the cautious optimism permeating the fintech sector heading into 2025, the first half of the year saw fintech investment and deals slow considerably amid headwinds from ongoing geopolitical tensions and concerns around evolving trade policies. Total fintech...

Banking crime losses decline, but AI poses major threat

The South African Banking Risk Information Centre (SABRIC) has released its Annual Crime Statistics for 2024, reflecting a significant decline in financial crime losses - but also warning of the growing threat posed by artificial intelligence (AI) in fraud schemes. In...

Agentic AI to dominate IT budget expansion

Year-over-year (YoY) spending, between 2025 and 2029 for artificial intelligence (AI) will grow by 31,9%, according to data from the International Data Corporation’s (IDC) Worldwide Artificial Intelligence IT Spending Market Forecast. This investment, driven by the...

IBM and AMD join forces to build quantum-centric supercomputer

IBM and AMD have announced plans to develop next-generation computing architectures based on the combination of quantum computers and high-performance computing, known as quantum-centric supercomputing. The companies are collaborating to develop scalable, open-source...

MTN Partners with the Eastern Cape SAPS

MTN has announced a strategic partnership with the Eastern Cape Provincial Police Board and Eastern Cape Community Police Forum (CPF) to protect critical network infrastructure which has seen an average of 71 vandalism incidents over the past six months. The...

Public cloud spend set to double by 2028

Worldwide spending on public cloud services is forecast to reach $805-billion in 2024 and double in size by 2028, according to the latest update to the International Data Corporation (IDC) Worldwide Software and Public Cloud Services Spending Guide. Although annual...

Execs losing patience with non-return on GenAI investments

At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025 due to poor data quality, inadequate risk controls, escalating costs, or unclear business value, according to Gartner. Rita Sallam, distinguished vice-president...

ISPA renews call for open access fibre

Residential estates with high-end fibre connectivity are valued by owners and tenants, particularly those with open access fibre infrastructure that provides a neutral platform for Internet service providers (ISPs) to compete with each other. "First prize should be...

Mandrake spyware campaign found on Google Play

Kaspersky researchers have identified a new spyware campaign distributing Mandrake malware through Google Play under the guise of legitimate apps related to cryptocurrency, astronomy, and utility tools. Kaspersky experts have discovered five Mandrake applications on...

Remarkable growth forecast for AI platform software

The market for artificial intelligence (AI) platforms software grew at a rapid pace in 2023 and is projected to maintain its remarkable momentum, driven by the increasing adoption of AI across many industries. A new International Data Corporation (IDC) forecast shows...

Crypto scams have skyrocketed in the past decade

Although illicit crypto activity significantly dropped in 2023 - falling by almost 40% YoY - the volume of these transactions was still a massive $24,2-billion, pushing the 10-year total to shocking highs. Data from AltIndex.com indicates the crypto market has...

AI will boost drug discovery market

The global artificial intelligence (AI) in drug discovery market is estimated to reach $9,1-billion in 2030 - growing at a CAGR of 29,7% from 2024 to 2030 - according to new data from Grand View Research. The pandemic has made the adoption of AI more widespread in the...

Uber clarifies vehicle age policy

Uber has issued a statement to clarify recent reports on the three-year vehicle age policy for South African Uber drivers. The reports have been understood by some to mean that all drivers on the platform must drive cars younger than three years old, but that only...

More News Today

1BTC from anonymous donor builds schools in PE

The Built With Bitcoin Foundation, a humanitarian organisation powered by Bitcoin, has constructed two new schools in Port Elizabeth, thanks to the anonymous donation of 1 BTC. The foundation creates equitable opportunity by providing clean water, access to quality...

Santam buys out Jasure insuretech

Short-term insurer Santam is enhancing its digital offering, and increasing its interest in insurance technology (insurtech) company JaSure by acquiring the remaining 49% shareholding. In 2020 Santam acquired 51% shareholding in JaSure. The company said the buyout is...

Red Hat delivers managed Ansible Automation for Microsoft Azure

Red Hat has announced the general availability of Red Hat Ansible Automation Platform on Microsoft Azure, pairing hybrid cloud automation with the convenience and support of a managed offering. Supported by Red Hat and Microsoft, Red Hat Ansible Automation Platform on...

Lewis Group partners with redAcademy to train youngsters

redAcademy, the standalone software development training academy which was launched by redPanda Software, has announced its partnership with Lewis Group, designed to give high-school graduates the opportunity to fast-track their IT careers with real-life experience on...

Franc announces B2B offering

Local investment app Franc has announced its B2B offering Franc Business. The announcement follows Franc's recent seed extension raise of R8-million, which included investment from pan-Africa focused venture capital firm 4DX Ventures. The capital injection will in...

Nexio CEO resigns

Digital system aggregator and solution provider, Nexio, a subsidiary of the Vodacom Group, has announced the resignation of its CEO Mickey Mashale. Mashale joined Nexio from Vodacom in August 2020 having previously held the position of Chief Sales Officer at Vodacom...

Tech innovation can add value with tailored insurance solutions

Maintaining customer loyalty and business profitability are ongoing challenges for insurers. Many have turned to developing more affordable products. By Yunus Scheepers, chief technology officer at SilverBridge Holdings If anything, this has highlighted the...

Crossfin takes stake in VantagePay

Payments and technology company Vantage Africa, trading as VantagePay, has announced that Crossfin Holdings has acquired a meaningful stake for an undisclosed sum. Barry Lobel, VantagePay's CEO and co-founder, comments: "VantagePay has developed a leading cloud-based...

Cyber risks facing the retirement industry

Contending with the intensity and frequency of cyber threats to business operations is a 24/7/365 challenge. While the banking sector has intensified its cyber defences, threat actors have set their sights on the retirement industry. Not only is the financial quantum...

Data compliance is critical no matter where you operate your business

The regulatory environment is a complex one that impacts on all facets of a business. By Mthobisi Memela, senior consultant at TechSoft International And if dealing with the continually evolving South African compliance landscape is not challenging enough, companies...

Data Scientist at Parvana Recruitment

About our client:Our client is a leading provider of telco, payments, retail software - they have a global client base with a strong R&D focus. They are great believers in continuous improvement and fast adapters to new tech and constantly changing business needs....

BI Consultant (Junior) at Parvana Recruitment

About our client:Over the past 20 years, our client has built a stellar reputation in the development and system integration space. Through their extremely ethical values, they have earned the trust and respect of their clients. They prioritise finding effective...

Data Scientist at Parvana Recruitment – Western Cape Cape Town

About our client:Our client is a leading provider of telco, payments, retail software - they have a global client base with a strong R&D focus. They are great believers in continuous improvement and fast adapters to new tech and constantly changing business needs....

Senior IT Support Technician

Role: Snr IT Field Engineer/TechnicianLocation: Parow, Cape TownOur client, a successful MSP with 15 years of industry experience, are currently looking for a Snr IT Field Engineer/Technician to join their dynamic team. The role involves remote and field support,...

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