Business

How to avoid commercial identity theft

How to avoid commercial identity theft

Business, Cyber Security
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
Ethiopian Bank Adopts IBM’s Cloud and Power Systems technology to match growing portfolio

Ethiopian Bank Adopts IBM’s Cloud and Power Systems technology to match growing portfolio

Business, Technology
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
South Africa’s Digital Economy Stands out among Emerging Market

South Africa’s Digital Economy Stands out among Emerging Market

Business, Technology
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
What Entrepreneurs Going Through a Rough Time Should Do

What Entrepreneurs Going Through a Rough Time Should Do

Business
Entrepreneurship in Africa especially the Sub Saharan has been a topic that has drawn a lot of attention from a good number of people. It looks like one of the viral trends of the 21st century since the rise of”self branded” entrepreneurs has been rampant. Well, the rise of startups across the continent is of course a positive indication that we are heading the right way considering the fact that the levels of unemployment are discouraging. However, there have been countless cases where startups have failed to survive within their initial stages of development due to so many factors which can be avoided at zero cost. Entrepreneurs should be in a position to maneuver these pitfalls if they need to stay afloat in business. Defining the Unique Value Proposition Figuring out clear
Classifieds site Tonaton.com Ghana goes into recruitment

Classifieds site Tonaton.com Ghana goes into recruitment

Business, Technology
Ghana's general classifieds site Tonaton has entered into the country's recruitment sector in a renewed focus to help recruiters find talent as well as up its revenues in the dynamics classified sector. Ghana’s Tonaton.com which is run by Saltside Technologies means “buy and sell” in  Ghana’s Twi, and the jobs push is likely not a shift from its horizontal marketplace model but a heightened focus to take advantage of the country’s recruitment sector largely dominated by Ringier’s Jobberman. Tonaton.com launched its new jobs portal at the recent HR Focus Conference and Awards. “Twenty years ago, the resume was a piece of paper,” said Mabel Adu, CEO of Beauty and Health services provider, Aloette Africa. “Now, it’s a collection of all [candidate] data that can be foun