Santam, South Africa’s largest short-term insurer, has agreed to buy 60% of the A1 Ordinary Shares in MultiChoice’s insurance business, NMSIS. The purchase, worth R925m, was made in partnership with Sanlam Life. NMSIS is a registered South African composite micro-insurer and authorised financial services provider and is licensed to underwrite both general and life insurance...
Month: <span>November 2024</span>
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Australia approves a social media ban for children aged under 16
Australia approved on Thursday a social media ban for children aged under 16 after an emotive debate that has gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech. The law forces tech giants from Instagram and Facebook owner Meta to TikTok to stop minors logging...
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Can A Risk Mindset Address Cybersecurity Skills Shortages?
South Africa needs a larger cybersecurity skills base and more professionals in the field to combat the escalating threat of cyberattacks. Yet, with a global shortage of skilled cybersecurity practitioners, initiatives to grow the skills pool through training and hiring will not be enough. Companies should add another angle to their perspective: more efficient cybersecurity...
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Africa must strengthen accountability and governance to prosper says Botswana President Duma Boko
Africa’s economic success and sustainability are intrinsically linked to accountable governance, Botswana’s President, Duma Boko, stressed at the opening of the 2024 African Economic Conference in Gaborone. “Peace and stability in Africa must be anchored on accountable and responsive governance,” the president said adding, “This is a fundamental human right for every African citizen. It...
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Spanish soccer team FC Barcelona launch ‘Barca Mobile’ mobile network
Spanish soccer giants Barcelona are launching a mobile network as parts of a new telecoms partnership that will see upgraded 5G infrastructure installed at the club’s revamped Camp Nou stadium. New Era Visionary Group (NEVG) has signed five-year deal to become club’s ‘official telecom operator’ until the end of 2030. Barca Mobile’ will launch next year, offering...
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Saudi Aramco unit in talks to invest $1 billion in US software maker Mavenir
Saudi Aramco’s digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal...
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Vodacom Group launches initiative to upskill 1million young people across Africa
Vodacom Group has partnered with technology providers to provide young people on the continent with access to digital skills as part of its commitment to driving digital literacy for Africa’s next generation. Together with AWS, Microsoft, Skillsoft and other collaborating organisations Vodacom aims to bridge the digital skills gap across eight African countries and upskill...
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Telecoming and MTN partner to launch cloud gaming in South Africa
MTN, Africa announces the launch of Cloudplay, a revolutionary new cloud gaming service, with Telecoming, a sportech company specializing in developing and distributing mobile experiences for sports and entertainment. This project marks a new milestone in the ongoing collaboration between the two companies. MTN Cloudplay will allow MTN users in South Africa to access a...
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Yellow Card Secures Crypto Asset Service Provider Licence in South Africa
Yellow Card, Africa’s leading stablecoin-based infrastructure provider, has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa. Commenting on the FSCA’s decision to issue the licence to Yellow Card Financial South Africa, Chris Maurice, Yellow Card’s co-founder and CEO, said, “The CASP licence underscores Yellow...
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How FMCG retail can turn Black Friday into a festive season win
Black Friday has become an integral part of the South African retail calendar. With consumers rushing to find the biggest and best deals, many retailers view the event as a race to the bottom. However, in the fast moving consumer goods (FMCG) sector, Black Friday has evolved into a strategic investment of getting customers into...