The recent data breach where a wide range of sensitive information was revealed to be available on millions of South African consumers should be a wake-up call to businesses. This is according to Frank Knight, CEO of credit management company Debtsource, who says all South African businesses, regardless of size, must be more vigilant about any documentation, print or electronic, containing financial or personal information. “It is more lucrative for criminals to target businesses, rather than individuals, when it comes to perpetrating identity theft scams as the pay-off in a commercial environment is significantly higher as normal lines of trade credit are usually much more than those granted in a consumer environment. These facts have not been lost on local fraudsters,” he says. Glob
Facebook on Thursday announced a new Facebook Creator app that offers exclusive tools for creating and promoting streaming videos. The social media giant also has a new section of its desktop website, called Facebook for Creators, where video makers can get tips to improve their video-making skills and better connect with viewers by using Facebook’s features. The mobile app, which debuts on Apple’s iOS devices today and on Android devices “in the coming months,” includes features that let users to add intros and outros to their Facebook Live broadcasts, as well as custom live stickers and video frames. Video creators can also use the app’s community tab to pull together and respond to comments on their videos from across Facebook’s ecosystem of services—including Facebook,
Ethiopia's Cooperative Bank of Oromia has turned to IBM for transformation of its core banking, middleware and database infrastructure to help manage its operations and fuel current expansion. IBM solutions offer the agility for the bank to carry out its most critical IT operations. Cooperative Bank of Oromia, CBO (S.C.) began operations in 2005 and now serves over 2.4 million customers, with a total of 283 branches and sub-branches in Ethiopia. The bank needed a core banking system that would provide a competitive edge as it enhanced services to expand in the growing market. They tapped IBM solutions to efficiently accommodate their growing customer portfolio and meet plans to increase their branches by 25% each year. Prior to engaging IBM, the bank’s infrastructure was not agi
Mastercard has introduced the Girls4Tech programme in Africa. The company is working to empower young girls in Africa with Girls4Tech. The Girls4Tech programme was launched in South Africa (both Johannesburg and Cape Town), as well as Kenya, (Nairobi) and Nigeria (Lagos). Mastercard will offer workshops managed by volunteers from Mastercard, focused on sparking interest in Science, Technology, Engineering and Mathematics (STEM) and also broadening their view of the future. Women remain a minority in STEM-related careers, making it more critical to reach young girls early. Mastercard President and CEO, Ajay Banga highlighted in a Women of the World Conference that if half the world’s population is unable to find the right opportunity to succeed, how can the world keep growing?
whitepaper released by Accenture and the Gordon Institute of Business Science (GIBS) revealed that although South Africa’s digital economy makes it a standout among its emerging market peers, the country’s digital adoption has not yet translated into industrial growth. According to the report, South Africa ranks ahead of India, Brazil, and Russia on digital competitiveness based on its strengths in areas such as technology skills, research and development expenditure, access to capital, regulatory frameworks, innovation ecosystems and ICT exports. The country now needs to embrace digital technologies to reinvent how its industrial sector operates and re-ignite economic growth. The report surveyed senior executives from leading South African companies in manufacturing and production s