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 | | Convergence Partners has announced the closing of its Convergence Partners Digital Infrastructure Fund at $296m...read |
|  | | Luno has announced that it will reduce its overall Luno team by 35%, impacting 330 employees in all of the company's regions...read |
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| |  | CRAIG CHIDRAWI Craig Chidrawi, head of retirement at NMG Benefits, warns that only six out of every 100 South Africans will be able to retire comfortably... Read |  | KAREN NADASEN How do payment providers prepare for the rapid growth of online shoppers in Africa? Karen Nadasen, CEO of PayU South Africa and the chair of the Ecommerce Forum of South Africa, weighs in... Read |  | |
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| Banking |
 | KATJA HAMILTON The South African Reserve Bank governor, Lesetja Kganyago confirmed that - despite the country's success with Project Khokha 2 - South Africa will be adopting a wait-and-see approach when it comes to rolling out Retail central bank digital currency (CBDC)... Read |
 | KATJA HAMILTON Soon banking and retail cards with magnetic stripes will long be a thing of the past, with EMV chip cards and EMV mobile already paving the way for a new-generation of payment processing across the banking and retail sector... Read |
 | RHYS DYER The latest interest rate hike announcement of 25 basis points now pins South Africa's repo rate at 7.25% with consumers feeling the mounting pressures of increasing costs, ongoing loadshedding and slow economic growth... Read |
 | The African Development Bank Group, will commit $10bn over the next five years to boost Africa's efforts to end hunger and become a primary food provider for itself and the rest of the world... Read |
 | CHRIS WOOD Payments have gone through rapid change and, unless traditional banks pay careful attention to their supporting infrastructure, they are unlikely to remain relevant in an increasingly competitive environment... Read |
 | Absa group limited will list its ordinary shares for trade on A2X Markets from 2 February 2023... Read |
| Economy |
 | South African consumers are feeling the heat as the latest statistics released by BankservAfrica reveal that the average take-home pay declined in December last year ending the compensation year at a low point... Read |
 | RAYMOND PARSONS Commenting on the decision by the Sarb's Monetary Policy Committee to raise borrowing costs by another 25 basis points NWU business school economist Raymond Parsons says the Sarb made the right decision... Read |
 | Finance jobs are in demand, a new study shows... Read |
| Financial Services |
 | EMILY STANDER This week, we go behind the selfie with the head of communications at Binance Africa, Samantha Fuller... Read |
 | JASON MELLOW, ISSUED BY MIWAY South Africans have dubbed the first month of the year 'Janu-worry' for good reason - it's traditionally a tough month after the overspending that tends to occur on gifting, holidays and celebrations in December... Read |
| Fintech |
 | The digital pendulum is swinging back to pre-pandemic agendas, offering security leaders in the banking world a chance to revisit longer-term projects and take advantage of the tech crunch layoffs to bolster their security teams... Read |
 | LELEN UDAYAN By definition, a truly frictionless customer experience (CX) is unobtainable even though it is the end state every fintech company strives for... Read |
| Markets & Investment |
 | KATJA HAMILTON The Monetary Policy Committee (MPC) has increased its repo rate by 25 basis points with effect from 27 January 2023. The revised repurchase rate hike brings the repo rate to 7.25%... Read |
| Taxation & Regulation |
 | ALEXANDER WINNING AND BHARGAV ACHARYA South Africa's foreign minister Naledi Pandor on Friday called on mobile operator MTN Group and the Ghana Revenue Authority to find a solution to a $773m tax dispute... Read |
| Venture Capital |
 | Despite the global VC downturn, the African tech ecosystem grew faster than all other markets globally... Read |
 | African Guarantee Fund (AGF) has partnered with Frankfurt-based Bettervest, a crowdfunding platform, to increase financing of sustainable SME projects in Africa... Read |
| Africa |
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 | JONATHAN COLMER Kenya, Malawi, Gabon, Nigeria and Togo have already indicated their intention to collaborate with the market... Read |
 | VINCENT OBISIE-ORLU Successful ESG measurement systems on the African continent must be responsive to local contexts... Read |
| Business |
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 | RACHEL SAVAGE AND KOPANO GUMBI While Godongwana said a transfer would happen in phases to keep South Africa's debt-to-GDP levels stable, he did not provide details... Read |
 | Ad Talent has released its latest salary survey following a year which has seen remote working, shifting work hours and the bid for scarce skills greatly impact remuneration structures... Read |
 | HARTMUT WINKLER From big companies down to small households, entities are considering whether it is possible to disconnect from the Eskom grid entirely... Read |
 | ANJA VAN BEEK More businesses are seeing the value of a human-centric strategy as change and upheaval in the workplace continue... Read |
| New Press Offices on Bizcommunity | More | Join |
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 | eSTUDY is your trusted partner in high impact learning programmes, achieving business objectives while earning BEE points through a unique combination of digital (eLearning) and classroom-based learning models. |
 | We are a learning solutions company with all the components that assist learning and teaching to create an ultimate learning experience. We support institutions in crafting their teaching and learning journeys. |
 | BET Software is on a mission to push technological boundaries to create world-class online and retail betting solutions, as well as other pioneering software solutions and systems. |
 | The Cape Town Creative Academy fosters a transdisciplinary culture by hosting four distinct degrees that collaborate and integrate where relevant. |
| New appointments |
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 | Johannesburg, Entsika Consulting has appointed Pule Mothibe, 53, as its new chief executive officer, effective from February 1 this year... Read |
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