Standard Bank sees 400% growth in virtual card issuance during 2020
While South Africans have been embracing virtual cards for some time, the use of this digital payment method has seen a dramatic rise recently. Source: BusinessTech
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Health minister on vaccine targets and a fourth Covid-19 wave in South Africa
While the country is unlikely to avert a fourth wave of Covid-19 infections, a higher vaccination rate over the next month could substantially reduce its impact, says health minister Dr Joe Phaahla. Source: BusinessTech
South Africa’s medical aids are running into a big problem – and it’s going to lead to price hikes
Ageing membership profiles and a greater proportion of over-65s could herald future medical scheme contribution increases well over inflation, says financial and wealth advisory firm GTC. Source: BusinessTech
Mantashe makes his stance on new energy plans for South Africa clear
Mineral Resources and Energy minister Gwede Mantashe says that the South African government is committed to a ‘just transition’ away from harmful carbon emissions, but will not do so at the cost of economic growth. Source: BusinessTech
Incoming rules to impact people who drive for a living in South Africa
The official introduction of the new Administrative Adjudication of Road Traffic Offences (Aarto) in the coming months will have a significant impact on anyone who drives for a living in South Africa. Source: BusinessTech
Ford has made a key change to its cars sold in South Africa – and other companies are set to follow
Automotive company Ford has announced changes to its vehicle service plans in South Africa to align with the country’s new automotive aftermarket guidelines. Source: BusinessTech
Cryptocurrency trading in South Africa – For both new and experienced traders
There are two simple products that make buying and selling cryptocurrency incredibly easy – OVEX Request for Quote, and OVEX OTC. Source: BusinessTech
Woolworths to trial electric vehicles for online deliveries in South Africa
Retailer Woolworths has launched a new trial that will see the group use electric panel vans as part of its online delivery fleet in South Africa. Source: BusinessTech
How to grow R130 billion into R500 billion: Rand Merchant Bank boss
The chief executive officer of Rand Merchant Bank (RMB), James Formby, says that the recent R130 billion concessional climate finance ‘Green Deal’ at COP26 from the US, UK, Germany, France and the European Union (EU), could translate into a R500 billion boost to help South Africa’s Just Energy Transition to decarbonise its sources of energy. …
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Crime wave to hit South Africa, analysts warn
The Institute for Security Studies (ISS) has warned that criminal activity is likely to increase in the country as a result of the increased load shedding. Source: BusinessTech