SARS’s AI-powered systems enabled it to auto-assess millions of taxpayers and pay out R10.6 billion in refunds ahead of the manual filing season.
Financial automation efforts are accelerated to ensure better compliance with the Public Finance Management Act, says MEC Lebogang Maile.
Every solution the company builds is designed to be resilient, scalable and globally accessible from day one, says Suman Moodley, CEO of Intellergy.
The project spanned three years and involved over 100 people collaborating across multiple regions to incrementally deliver products on the OIPA platform.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
The Competition Commission concludes that the transaction is unlikely to lessen or prevent competition.
ACI Worldwide will host an executive roadshow in Johannesburg on 24 July.
Qaalfa Dibeehi, managing partner at Human2outcome, is confirmed as the keynote presenter at the ITWeb CX Summit, taking place on 24 July.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
South Africa’s electronic transactions rose to R1.36 trillion last month, signalling an economic uptick, says BankservAfrica.
Despite the dip, analysts and major investment houses remain confident the bullish momentum is not over.
The company looks to broaden its merchant partner ecosystem and venture into new markets on the continent.
Sage conducted its sixth annual global Close the Books survey, involving over 1 000 finance professionals, to uncover trends and insights into achieving faster and more accurate financial closing.
A UCT hackathon showcased the potential of fintech innovation in addressing pressing issues in the country, such as financial inclusion.