Southern Africa
How to RICA a Sim Card Using Vodacom’s ChatBot TOBi
With social distancing as the new norm, one of the most innovative and convenient ways to Self-RICA is through TOBi – Vodacom’s chatbot and trusted self-service team member – which allows existing Vodacom customers to RICA prepaid SIMs from the comfort of their own homes. Since the Regulation of Interception of Communications and Provision of Communication-Related Information Act (RICA) came into effect in 2011, Vodacom is said to have been working on ways to simplify the process, making it as quick and efficient as possible. Traditionally customers would have to visit a store and present some form of identification, proof of residence and the SIM card. Now customers simply need to take a picture, scanning a new prepaid SIM card, an ID document or passport for foreign nationals and then re...
Indebted Eskom Turns to Sukuk Market for Funding
Sourced from REVE South Africa’s embattled national power utility Eskom has new plans to issue a $58 million (R1 billion) sukuk bond in a bid to diversify funding sources as borrowing costs rise. According to spokesperson Sikonathi Mantshantsha, Eskom has appointed a new lead arranger “to work towards establishing timelines for the issue.” The power utility currently has over R450 billion in debt and has yet to announce further plans to ask the South African governments for additional capital injections. What is a sukuk? According to IOL, a sukuk is a Shariah-compliant investment and an attractive alternative to conventional bonds. For all intents and purposes a sukuk – Arabic for ‘investment certificate’ – is issued for the purpose of raising money for utilisation within a corporation or ...
TymeBank is Recognised as One of South Africa’s Top 3 Digital Banks
Image sourced from Business Tech Only 18 months after launching, TymeBank has been rated as one of the top three digital banks in South Africa by SITEisfaction. This recognition follows on the recent Forbes accolade, which claimed TymeBank as the 2nd best bank in the country its high levels of customer satisfaction and key qualities like trust, banking fees, digital services and financial advice. In the latest report, which measures customer satisfaction with digital banking services, TymeBank was recognised for the bank’s user-friendliness, safety features and affordability. The latter was particularly appreciated by those who had recently switched, with the majority saying they switched because of the bank’s extremely low transaction fees and market-leading high-interest rates on all sav...
Angola Committed to Meeting Energy Objectives Amid Worldwide Pandemic
Sourced from Saur Energy. Africa Oil & Power, the African Energy Chamber and the U.S-Angola Chamber of Commerce presented the webinar: Powering Forward – The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan Economy, on Thursday. This webinar addressed how Angola can continue to prioritize its development of national transmission and distribution capacities in the long-term, with a view toward increasing electrification, job creation and economic growth. Panellists included Maria da Cruz, President & CEO of the U.S-Angola Chamber of Commerce, Paul Ghiotto, Energy Officer, Political-Economic Section, U.S. Embassy Luanda and Frederico Martins Correia, Energy, Resources & Industrials Partner, Deloitte. Powering Forward: The Pathway to Grid Stability, Increase...
OneDayOnly Records 40% Growth during Lockdown
Sourced from IOL. Unlike anything the world has seen before, the COVID-19 pandemic fuelled a sudden digital surge that catapulted both global and local eCommerce traffic to unprecedented levels. The closest comparable example – while on a much smaller geographical scale – would be the 2003 SARS crisis, which is today recognised as kickstarting Alibaba’s eCommerce success in Asia. This is according to Matthew Leighton, spokesperson from OneDayOnly.co.za, who notes the accelerant role that COVID-19 and the ensuing lockdown has played in boosting eCommerce uptake across South Africa. “While eCommerce has been gaining gradual traction across the country over the past decade, there is no denying that COVID-19 has served as a catalyst for rapid progress in this regard. To put this level of growt...
Sasol to Start Cutting Jobs in August Amid Global Oil Price Slump
Sourced from BizNews. Sasol is set to begin employee dismissals from mid-August in efforts to cut costs in a new strategy aimed at boosting its balances. This comes after the company was battered by the general decline in oil prices as a result of the worldwide COVID-19 pandemic. According to Fin24, in a letter to its employees dated 18 June the company says it was under considerable financial pressure and that unless stringent and emergency actions are taken, it would not survive the year. The massive petrochemical firm, employer of 31,000 people around the world, continues to estimate that its financial position will remain under “severe pressure” due to the depressed prices on oil. Based in Johannesburg, Sasol says that its “…financial position continues to be under severe pressure, esp...
INTERVIEW: Skynamo Founder on Choosing a Career in Technology
In 2013, Sam Clarke – founder and CEO of local startup, Skynamo – decided he wanted to solve a problem that had been getting in the way of business for decades. A few years later, in 2020, Skynamo went on to secure $30 million in US funding and is now putting it to good use – starting with an app that supports & protects sales field agents in the fight against COVID19. ITNA’s Jenna Delport had the opportunity to chat to Clarke, here’s what transpired: What first made you think of a career in technology?I have been a tinkerer my whole life. From a very young age, I would take things apart to see how they work – often even getting to put them back together again. I started teaching myself to write software when I was 12 years old. I wrote a few programs for friends while at high school, ...
Huawei Partners with SovTech to Develop HMS Apps
Sourced from Getty Images. Huawei has partnered with software development company, SovTech, to assist with refiguring the core services of some of South Africa’s most used mobile apps to be able to function fully on its mobile ecosystem – Huawei Mobile Services (HMS). “SovTech is responsible for developing a new Android Package File (APK) that would work on the Huawei AppGallery using only HMS integration kits. Huawei is focusing on a lot of research and development and will really challenge the status quo in terms of what we are used to in the space of mobile services offerings,” says Luke Hunt, Director of Product Advance at SovTech’s app division. To kick off the partnership with Huawei, SovTech had a codeshare agreement with Travelstart, using it as a proof of concept to demonstrate th...
SA Regulator Flags Crowd1 as Suspected Pyramid Scheme
South African financial regulators have been taking a renewed critical look at Crowd1 – a nebulous, highly controversial and popular Spanish (or Russian) company that claims to be a networking marketing firm, among other things. Crowd1 has already been banned in Namibia and the Philippines, and other countries, under suspicions of foul play. Since last month, the South African Reserve Bank (SARB) Prudential Authority has been investigating Crowd1 – a part of what is known as Impact Crowd Technology Group. Looking specifically into whether or not the company is a deposit-taking organisation. According to MoneyWeb, Crowd1 has vehemently denied allegations made against it that it is, in fact, a pyramid scheme. However, claims made by the Bank of Namibia suggest just that. The Bank claim...
MTN to Launch its 5G Network Next Week
Sourced from Business Tech MTN South Africa will finally launch its 5G network next week, 30 June 2020, becoming the first of the telecommunications group’s 22 operations to launch the next-generation broadband technology. The pan-African telecom is hosting a live event on its YouTube channel that same day. The event will be hosted by CEO Godfrey Motsa, chief consumer officer Mapula Bodibe and chief technology & information officer Giovanni Chiarelli. [embedded content] At the beginning of the month, MTN began announcing that it would launch 5G networks in major cities across South Africa. The exact locations for these launches have been confidential. /* custom css */ .tdi_3_3b3.td-a-rec-img{ text-align: left; }.tdi_3_3b3.td-a-rec-img img{ margin: 0 auto 0 0; } Initially, MTN had been ...
Vodacom Business and Microsoft Partner on Digital Education Platform
Vodacom Business and Microsoft South Africa have partnered to provide access to continuous, connected digital learning for South Africa’s education institutions, educators and learners through their Connected Digital Education initiative. This is in response to the growing need for affordable online learning solutions that meet the educational requirements of today’s learners through a secure combination of connectivity, collaboration, communication and educational tools and resources, while also considering the long-term need to transform education. The Connected Digital Education Platform is a trusted education platform that enables remote learning with affordable connectivity, ultimately turning the learning environment into a single, simple solution for the learner and giving them acce...
How COVID-19 has Influenced Online Shopping Habits
Sourced from Innovation Village. All things considered, it’s no surprise that eCommerce has fundamentally changed over the past few months. The COVID-19 pandemic has encouraged consumers to switch to online shopping and contactless payment alternatives to abide with social distancing practices and lockdown regulations. Stats released by online payment gateway, PayFast show that Generation Z, aged 18 to 24, is paving the way for innovation in the eCommerce space, with Baby Boomers aged 55 to 64, not far behind. “The eCommerce boom was bound to happen, but COVID-19 definitely accelerated industry growth. We’ve seen adoption rates soar following on from the lockdown, this has occurred across age groups. Habits formed now are going to continue in the future,” says Jonathan Smit, MD and Founder...
