Southern Africa
South African Crypto Exchange Reaches 5 Million User Milestone
Luno has announced that has registered over 5 million customers in over 40 countries and has now made its platform available in Australia. The launch comes shortly after the crypto exchange revealed it would also be available in the UK. Marius Reitz, Luno’s GM for Africa, says that key factors in the decision to enter the Australian market also included the young age of the population as well as disposable income. “Our African expansion is moving steadily forward and we recently launched in Zambia and Uganda. Luno is on an expansion drive and the Australian crypto landscape ticked many of the boxes on our checklist.” Australia has seen a five-fold increase in the number of fintech companies in the past five years. Almost 60% of the digitally active adults in the country are considered fint...
TECNO Smartphones Allegedly Carry Built-In Malware
Chinese smartphone manufacturer, TECNO has recently made its debut to the African market. At first, the devices feel surprisingly solid and competent in hand – despite their mainly plastic exterior. However, recent reports suggest that these smartphones are harbouring a secret malware that could consume users airtime and install harmful code. Anti-fraud firm Upstream claims that they have found “a malicious code dubbed Triada on 53,000 TECNO smartphones” that had already been sold in Ethiopia, South Africa, Cameroon, Egypt and Ghana. According to Gadgets Africa, TECNO‘s parent company Transsion told Buzzfeed [the malware] was installed in the supply chain without its knowledge. “The fact that the malware arrives pre-installed on handsets that are bought in their millions by typically low-i...
The Future of Remote Working in South Africa
Sourced from We Work Remotely For several months now, office spaces across South Africa have been gathering dust, void of occupants as employees have been working from home. While there is no telling when the pandemic will end, if the current work-from-home culture is adopted more permanently, offices may soon become ghost towns. But the future of remote working largely remains to be determined. When the COVID-19 crisis began, countless businesses were put to the ultimate test from an IT infrastructure support perspective. A large proportion of the workforce had to cease going in to the office in order to prevent the spread of the virus. As such, for businesses to survive, they had to devise a remote working strategy and leverage digital technology to bring work into the home instead, ensu...
Women in Tech: Ailyssa Pretorius, GM of Uber Eats South Africa and Kenya
As we head towards the end of women’s month, ITNA continues to celebrate the women who have been inspiring the next generation and bridging the current gap in tech workspace. ITNA’s Jenna Delport chatted to Ailyssa Pretorius, Regional GM of Uber Eats South Africa and Kenya about what it takes to make it as a woman in tech-focused industries. Here’s what transpired: What is your typical day like? Does that even exist for you? Two days are never the same at Uber Eats. As the Regional General Manager for Uber Eats South Africa and Kenya, my days range from working with the team to solve tactical problems, to virtual meeting with partners to understand what opportunities we can mutually unlock for growth. /* custom css */ .tdi_3_4f5.td-a-rec-img{ text-align: left; }.tdi_3_4f5.td-a-rec-img...
MTN Introduces New Region-Specific Data Bundles
MTN has introduced a new range of ‘town-specific’ data-bundles that aim to give prepaid customers data that will suit their needs and budgets. “At MTN we are committed to offering our customers increasingly personalised, and relevant, products and services. We understand that everyone is different, with vastly different circumstances, particularly at this time, and we will continue to do our utmost best to cater to every single one of our customers,” says Jacqui O’Sullivan, Executive: Corporate Affairs at MTN South Africa. “The aim with this product is not only to get – and keep – more people connected to family, friends, passions, entertainment, networking and job opportunities, it is also a way to address customer needs on a personal and community-level; ensuring that no one is left behi...
Vodacom Appoints New Group CFO
Vodacom has appointed Raisibe Morathi as its new Group chief financial officer (CFO), effective from 1 November 2020. Morathi joins the telco after resigning from her position as Nedbank CFO – a role that she has held since 2009. Morathi is also expected to be appointed to the Vodacom Group Board. “As one of the most experienced and one of very few African black female CFOs of a listed company in South Africa, Raisibe’s appointment underscores Vodacom’s commitment to driving diversity across the workplace,” says Vodacom in a statement. TechCentral reports that Morathi is a “chartered accountant and has completed an Advanced Management Programme with Insead (France). Her other qualifications include a higher diploma in taxation from Wits University and she is completing a master’s in philos...
South African Crypto Traders should Gear Up for Stricter Taxes
Over the last five years, South Africa has emerged as one of the world’s most notable cryptocurrency adopters, and an estimated 13% of its internet users owning or using cryptocurrencies. With the South African Bitcoin/ZAR weekly trading volume – to name just one – currently standing close to R30million, there are various manners in which the South African Revenue Service (SARS) can track the gains made by South African taxpayers who trade cryptocurrencies. This is according to Wiehann Olivier, Partner at the Audit Division of Mazars in South Africa, who says that there are various techniques SARS could apply for the direct taxing of cryptocurrencies. “To start, the fact that cryptocurrencies were created to allow for anonymous, frictionless and trusted peer-to-peer transaction to be condu...
Why Organisations Need to Strengthen their Cyber Defences
At the start of 2020, very few people would have predicted the events that unfolded. The COVID-19 global pandemic caused unprecedented changes to all of our lives and has reshaped our entire working culture. From the accelerated pace of digital transformation and move to the cloud to the increased use of collaboration tools, cybercriminals looked to take advantage of these rapid and widespread changes for their own purposes. This week, Experian – a consumer credit reporting company, says it has experienced a breach of data which has exposed some personal information of as many as 24 million South Africans, and 793, 749 business entities, to a suspected fraudster. This is one of the many criminal cyber-attacks, exploiting the COVID-19 pandemic to target organizations and individuals across ...
Huawei Y5p Now Available in South Africa
Huawei has just released the newest member of the Y Series – the Y5p – in South Africa. The Y5p sports a 5.45-inch Huawei FullView Display for a wider field of view. The 18:9, 5.45-inch LCD display not only gives an exceptional viewing experience but also displays content in vibrant colours. It comes with a standard 2GB RAM and 32GB storage as well as a triple-slot design that can house two nano SIMs and one Micro SD (sold separately) that supports extendable storage of up to 512GB. With its 3020mAh battery, the Huawei Y5p at full charge can support 17 hours of continuous video playback, up to 21 hours of 4G calling, or 13 hours of internet surfing on 4G. /* custom css */ .tdi_3_011.td-a-rec-img{ text-align: left; }.tdi_3_011.td-a-rec-img img{ margin: 0 auto 0 0; } In addition to the ...
Mastercard Improves Online eCommerce Security Capabilities
As digital commerce continues to accelerate owing to the COVID-19 pandemic, Mastercard has announced that it will offer new security services to merchants in South Africa. The company says that it hopes this will further protect consumers and increase convenience when storing Mastercard cards in merchant databases. Dubbed Mastercard Digital Enablement Service (MDES) for Merchants, the service uses a security measure known as tokenization to protect, speed up and simplify online and in-app Mastercard card purchases, as well as subscription-based and recurring payments like streaming music, video services, and utility bills. “Online shopping has gained significant traction in South Africa, and it is imperative for merchants of all sizes to ensure that they are offering a convenient, enjoyabl...
Experian was not ‘Hacked’, says CEO
Sourced from Republic Title Experian CEO Ferdie Pieterse says that the business and credit information services agency was “in no way, shape, or form” hacked. This comes after the company confirmed that the personal information of nearly 24 million South Africans was breached. Pieterse adds that none of their systems, databases or records was ever penetrated or hacked. Instead, the fraudsters used social engineering tricks to present themselves as a legitimate Experian client, this resulted in the “release of information which is provided in the ordinary course of business or which is publicly available” – potentially including First and last names, ID numbers, Telephone numbers, Physical addresses, and Email addresses. The South African Banking Risk Information Centre (SABRIC) says t...
Ukheshe Joins Forces with Mastercard and Nedbank in South Africa
Mastercard, Nedbank, and Ukheshe have launched Third-Party Processing Services (TPP) in South Africa which will give everyday businesses access to prepaid and virtual cards. Clayton Hayward, CEO of Ukheshe, says that through Ukheshe’s innovative payment solutions, businesses in South Africa can now issue virtual prepaid cards to employees or customers. Providing recipients with improved financial freedom where they have the option to earn rewards, incentives, and have a secure card that can work anywhere in South Africa while building brand association. Ukheshe will leverage Mastercard Processing, which enables it to launch secure prepaid payments programs to its customers with greater speed, flexibility, and convenience. Through this new relationship, prepaid products will be processed th...
