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How CFOs & CIOs are Funding Digital Transformation with OPEX, not CAPEX

Zakhe Khuzwayo, co-founder and CFO at InnoVent. CFOs and CIOs, collaborating to drive the accelerated digital transformation necessitated by rapid technology advances and COVID-19, now have a smart alternative to traditional financing and management of IT assets that boosts business efficiencies and competitiveness. Rapid technology advances driving the 4IR (Fourth Industrial Revolution), as well as the impact of COVID-19, has accelerated digital transformation in organisations, transforming IT overnight from a back-end support function into an essential enabler for all business operations. Such a shift requires greater access to top technology, resulting in IT spending reaching an all-time high as organisations swop offices for work-from-home and virtual meetings; physical shops for e-com...

Confidence Rebounds in SA as Consumers Embrace eCommerce & Contactless Payments

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Johannesburg Fintech to Launch an All-in-One Video Conferencing App

Sourced from Innovation Village. Johannesburg-based Cassava Fintech International (CFI), a subsidiary of Econet Global, has announced the release of ‘Sasai TeamTalk’, a voice and video conferencing service that takes up to 20 people on one call. The service, coming at a time when many countries have imposed restrictions on movement to curb the spread of the COVID-19 Coronavirus, will be available through Sasai, the all-in-one super App from Cassava Fintech, that allows users to chat, pay and explore a vast range of services and content. Announcing the new service, Darlington Mandivenga, CEO of Cassava Fintech International says “We believe the timing of this mobile conferencing service could not have been more appropriate. Families, communities, social groups such as religious organization...

What South Africans Think of Digital Payment Methods

Sourced from Innovation Village. As digitization makes its way into Africa across sectors and industries, digital payment methods are being offered as safe and convenient alternatives to traditional options. Borderless Access conducted a study across South Africa, Ghana, Kenya, and Nigeria to explore the uptake of digital payment methods, including e-wallets, money payment apps, and mobile money transfer. It is important to note that this study was conducted just before the lockdown was implemented in any of these countries, the results indicate a long term trend, rather than being skewed by the unusual spending behaviour of the past few weeks. Non-bank digital methods are still under-utilised in South Africa /* custom css */ .tdi_3_55a.td-a-rec-img{ text-align: left; }.tdi_3_55a.td-a-rec-...

Doing Business in a Post-Lockdown World

Sourced from Business News Daily At the beginning of March, few anticipated the significant impact the COVID-19 pandemic would have on the lives of all South Africans. As the gradual easing of the strict lockdown conditions continues, thoughts turn to how companies will begin their recovery. Ian McAlister, GM of CRS Technologies, looks at what to expect. From Friday 1 May, South Africa transitioned to Level 4 lockdown conditions which will result in several more industries resuming operations, albeit in a limited capacity. And while all the details around operational issues are still to be confirmed, expectations are that at least 1.5 million South Africans will be returning to work. In part, this is designed to get the economy back up and running following several weeks of virtual non-act...