South African Tech
Major Petrol Price Hike Could Cripple South Africa’s Economy says Expert
Sourced from the South African The major fuel price hike scheduled for tomorrow (3 June) is going to further hurt the economy and have a major impact on deeply indebted consumers. This is after the petrol price in the country slumped to a 21-year low as South Africa descended into a nationwide lockdown. All grades of petrol will spike at R1.18 ($0.07) a litre while diesel will increase by R0.22 ($0.013) a litre. Neil Roets, CEO of one of the largest debt counselling companies in South Africa, Debt Rescue, says the increases would have a devastating impact on consumers who are mostly three months or more behind in the repayments of their loans. /* custom css */ .tdi_3_56f.td-a-rec-img{ text-align: left; }.tdi_3_56f.td-a-rec-img img{ margin: 0 auto 0 0; } “This is going to lead to further un...
5 Best Video Games For Parents and Kids Under Lockdown
Sourced from The Guardian. With only grade 7 and grade 12 learners returning to school in the next few weeks, most children are still confined to their homes under the nationwide level 3 lockdown in South Africa. While many parents are working from home, and children are schooling from home as well, there is always a few hours of the day to settle down to some video games together. Of course, you don’t want your kids drowning in screen time, but if you’re a parent that games, or if your children game, this is an excellent way to connect with them. The following are 5 great video games to play with your children during level 3 lockdown in South Africa that are certain to be fun for both you and your kids: 5. FIFA or any other sports game /* custom css */ .tdi_3_d66.td-a-rec-img{ text-align:...
FNB is Leveraging AI to Redefine Risk Management
Sourced from Htxt.Africa FNB has been harnessing artificial intelligence (AI) to reimagine risk management and forensic due diligence processes. The result is the ability to review profiles for various financial crimes holistically, more rapidly, and more consistently, and free up the time of analysts to perform the functions that they remain better suited to than AI. FNB claims that this doesn’t mean that they need fewer analysts, but rather that their focus is now being used to conduct quality assurance of reviews, and to constantly feedback data into the evolution of the AI. On average, the use of AI frees up 70% of analysts’ time and generating a forensic synopsis ready for a human analyst to review that previously took hours can now be completed in as little as 8 seconds. AI is growin...
A Future Reimagined for Africa Post-Pandemic
Sourced from Redbubble and iStock. In a rare television broadcast Angela Merkel, the German chancellor, described the COVID-19 pandemic as “Germany’s biggest challenge since the Second World War”. It has indeed proved to be a crisis of global proportion with material implications for the economies and livelihoods of all. Governments across the globe have locked down cities, towns, villages and townships to curb the spread of the virus. Massive fiscal stimuli have been enacted to cushion the economic and humanitarian impact of the pandemic. The World Bank and International Monetary Fund have set aside a large quantum of emergency financial support for countries to tap into. African countries have implemented strong containment measures to avoid further spread of COVID-19. For countries in W...
