Mr Price expects challenging Black Friday, online growth
The fashion retail group says it achieved stronger business performance from May to September, with online sales jumping 71.5%.
R230m fund will commercialise SA university tech projects
Africa’s first university tech fund secures R230 million in funding to help commercialise South African universities’ tech projects.
Discovery Bank introduces virtual card, contactless payment
The digital-only bank becomes the latest financial institution to introduce a virtual bank card to offer clients safety and convenience for transactions.
Digitisation, COVID-19 prompt reduced headcount at Absa
The bank reduces its total number of employees by 1 200 and institutes a hiring freeze, citing COVID-19 ramifications, combined with its digital strategy implementation.
Government zero-emission targets drive electric truck market
The medium- and heavy-duty electric trucks market is forecast to reach $203 billion by 2041, as more governments globally introduce zero-emission policies.
IoT.nxt collaborates with Vodafone UK on new IOT services
Vodafone, in collaboration with home-grown Internet of things solutions provider IoT.nxt, has introduced a new range of IOT services in the UK.
Legislation blocks start-up investments, says Naspers SA CEO
Investments in SA’s tech start-up ecosystem remains nascent due to regulations that are not conducive to international funding, says Phuti Mahanyele-Dabengwa.
E-commerce, food delivery services bolster Naspers revenue
Naspers’s food delivery businesses nearly doubled revenue growth, while e-commerce revenue grew 69%, boosted by Tencent and Takealot Group.
Telkom’s annual R6.7bn broadband project expands fibre footprint
The telco says it invests billions of rands in broadband infrastructure projects across SA annually, creating jobs for 1 400 employees through subcontractors.