South Africa is the third largest economy on the continent and has remained robust in these uncertain times. Many consider South Africa the front door to investing there. Consequently, it has attracted investors from all over the world. Recently, these investments in South Africa have come from China and the Middle East. The economy in […]
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Following the Covid-19 pandemic, the world is witnessing a recession of epic proportions. In a November article on BUSINESSTECH, BNP Paribas chief economist for the Middle East and Africa, Jeff Schultz, stated that considering the recession in 2023 that the U.S and Europe will be facing soon and China’s attempts to tweak its zero-Covid policy, […]
Johannesburg, South Africa – 9 November 2022: NAPAfrica, the continent’s largest internet exchange point (IXP), celebrates its ten-year anniversary this month. This is largely thanks to the continuous support of loyal members and a like-minded community seeking to play a pivotal role in transforming Africa’s internet access and interconnection. Established in 2012 and running from […]
The South African government aims to repurpose South Africa’s coal fleet into nuclear energy as part of a step to move away from harmful fossil fuels during the next 30 years. The government’s national infrastructure plan 2050 includes the proposal published by public works and Infrastructure minister Patricia De Lille last Friday. “Reliance on coal […]
The Department of Science and Innovation (DSI) is conducting 3D-printed homes to focus on South Africa’s housing shortfall. During a presentation to parliament this week, the department said that 25 housing units had been allocated for the demonstration through 3D printing technology. The project is organized in collaboration with the KwaZulu-Natal Department of Human Settlements. […]
Plans to develop new rules regarding self-driving cars in South Africa are taking place for the coming months, the Department of Transport said. During a quarterly report to parliament this week, the department noted the research into the restrictions was approved then submitted. However, it missed internal deadlines in 2021. Therefore, it expects to admit […]
On Tuesday, the enterprise IT branch of major South African telecom Vodacom, Vodacom Business, launched a new online portal to support and advise small and medium-sized enterprises (SMEs) in South Africa. Nearly a third of South Africa’s SMEs find digitization a challenge, with many uncertain about prioritizing or feeling overwhelmed by the volume V-Hub is […]
The escalating Russian-Ukrainian tension has reached new limits, with war on the horizons reaching across the globe as the invasion has directly affected South Africa’s economic growth and recovery. While the war escalates, South Africa’s economic growth is slowed down. The Financial and Fiscal Commission (FFC) released a presentation warning of the collateral damage that could […]
South African mobile telecom firm MTN Group Limited announced on Monday that it will be the first company to join the metaverse league by acquiring land in Africarare, unleashing African innovation, and connecting the continent to the global digital economy. In October 2021, Africarare marked its presence in South Africa as the continent’s first Virtual […]
Both Mobile communications and chat commerce firm Clickatell publicized it has secured $91 million in a Series C round of funding, headed by Arrowroot Capital, contributing from Kennedy Lewis Investment Management, Endeavor Global, and Harvest. The investors of Clickatell include Kennedy Lewis Investment Management, Arrowroot Capital, Sequoia Capital, DAG Ventures, Endeavor Global, and Harvest. As such, […]