Author: Staff Writer

The High Court on Friday dismissed Thabo Bester and Nandipha Magadumana’s urgent applications to stop Showmax from airing the four-part documentary. MultiChoice is delighted that the Johannesburg High Court has upheld the public’s right to watch the “Tracking Thabo Bester” documentary. The fascinating documentary will shed light on the allegations against Thabo Bester and Nandipha Magudumana and allow the public the opportunity to make up their own minds and opinions about what took place. The first two episodes of Tracking Thabo Bester will be available to stream exclusively on Showmax from 16h00 today, 15 March 2024. Also read: BREAKING: Thabo…

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Finance Minister Enoch Godongwana’s unexpected announcement of a R20 increase to the Covid-19 Social Relief of Distress (SRD) grant effective from April 1st has prompted scrutiny from economists due to its questionable timing. The Social Relief of Distress (SRD) grant – popularly known as the R350 grant – is expected to be raised to R370 from April this year. This was announced by Finance Minister Enoch Godongwana in the National Assembly on Wednesday. “I am pleased to say that we have found consensus that in between, subject to the finalisation of the comprehensive social security [programme], we’ll increase the R350…

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The e-commerce sector in South Africa is expanding rapidly, with local revenue predicted to reach the $7.9 billion mark by 2027. In such a fast-paced world of business, it is essential for companies to build a strong digital presence and tap into the growing online marketplace. To thrive in the evolving South African consumer landscape, businesses need to understand evolving consumer behaviours. Here are six key insights to help businesses leverage the expanding online marketplace in South Africa: Seamless delivery experiences are a must Consumers are demanding a seamless shopping experience by expecting faster and more convenient deliveries. Online businesses…

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MultiChoice confirms that the last-minute applications by Thabo Bester and Nandipha Magadumana to stop Showmax from airing the four-part documentary, “Tracking Thabo Bester” will be heard in the Johannesburg High Court on Friday 15 March 2024. That is the same day that the documentary is due to start airing on Showmax. Bester and Dr Magudumana have each approached the High Court, trying to stop the documentary being seen because they say it threatens their rights. Showmax has briefed legal counsel and will be vigorously opposing the applications. The allegations against Bester and Dr Magudumana are incredibly serious and Showmax strongly…

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An increasing number of South Africans are embracing PayShap, South Africa’s first interbank, interoperable, real-time payments service, which experienced strong growth in its first year, in line with the service’s fast-expanding community of participating banks and new users. Promoting instant, convenient, easy and safe payments within the transaction limit of R3 000, BankservAfrica’s PayShap data shows there were over 14 million transactions, with a settlement value in excess of R9 billion, in the period between 13 March 2023 to 29 February 2024. Over 2.5 million users have opted into using a ShapID identifier, such a mobile phone number, in order…

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In support of homegrown South African innovation, Telkom is a proud partner of the Global Entrepreneurship Congress (GEC+Africa) taking place from 13-14 March 2024 at the Cape Town International Convention Centre (CTICC).  GEC+Africa, an initiative of Global Entrepreneurship Network (GEN), is a gathering of entrepreneurs and leaders from more than 50 African nations who are committed to advancing entrepreneurial activity throughout their countries. The South African startup ecosystem is a thriving hub of innovative and talented entrepreneurs with a desire to scale. The congress is expected to connect entrepreneurs to the best global resources and investor network, create platforms that…

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DFA and its parent company, Maziv, have followed up their ambitious network expansion project with two additional infrastructure upgrades to improve network stability in dense areas, accelerate delivery of new services and to future proof the network to provide for scale and sustainable growth. In August 2023, DFA announced a R400-million fibre network expansion project to deploy 800 Dry Underground Distribution Cabinets (DUDC) all over South Africa in areas with high network density. Today, DFA announced the launch of two more initiatives aimed at enhancing the DUDC project’s efficacy. Andreas Uys, Chief Technology Officer at Maziv, says, “The two new…

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Capitec announced today that it has taken control of a global online consumer group Avafin. The Prudential Authority of the SA Reserve Bank has approved a transaction for Capitec to increase its shareholding in Avafin Holding Limited (Avafin), an international online consumer lending group, from 40.66% to 97.69% at a purchase price of €26.3 million. In March 2017, Capitec acquired an initial 40% interest in Cream Finance Holding Limited (renamed Avafin), domiciled in Cyprus. The acquisition of a minority interest in Avafin in 2017 provided Capitec with the opportunity to gain experience in the international online consumer credit market, management…

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The Southern African Institute of Government Auditors’ (SAIGA) inaugural Audit and Finance Indaba is an important event for auditors and finance professionals in South Africa. Themed ‘The Era of Big Data and Cybercrime’, this year’s Indaba reflects the growing importance of these two factors in the field of auditing and finance. As the industry professionals count down the days to the Indaba, which is scheduled to take place at the Investec Pretoria Office on Friday, 15 March 2024, the SAIGA Chief Executive Officer, Russel Morena, writes about the risks, changes as well as the opportunities presented by big data and cybercrime in the field…

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Simera Sense, a world leader providing end-to-end optical solutions for the small satellite Earth observation industry, has raised €13.5 million in its first growth investment round. The company, which offers a diverse array of ‘off-the-shelf’ high-resolution cameras ready for use by clients across the global small satellite industry, has grown rapidly since its founding in 2018. Simera supplies solutions to global customers in the Earth observation data and service market, which is estimated to be worth $12.55 billion in 2024, and is expected to reach $20.73 billion by 2029. Simera Sense will use the investment from NewSpace Capital and Knife…

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