Lelapa AI's Ambitious Growth Plan | ITWeb Tech Headlines | 31 Aug – 5 Sept 2026
These are the stories making headlines on ITWeb this week. South African AI start-up Lelapa AI is expanding its Vulavula platform with text-to-speech capabilities and new languages beyond Africa, as it builds efficient AI models tailored for African languages. Meanwhile, Discovery Bank posted its first full year of profit, with normalised operating profit of R370 million and client numbers growing 26% to 1.57 million, as it leans on AI to power its new "super bank" strategy.
The Financial Sector Conduct Authority fines unlicensed finfluencers, warning unauthorised financial advice can trigger regulatory action.
Many TikTok finance advice videos created by influencers blur the line between education and potentially harmful financial promotion, warns an FXTM study.
The rise of finfluencers is a double-edged sword – representing unprecedented opportunities and challenges for the financial sector.