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Parts On Call Expands: Now Offering Premium Nissan Parts Across South Africa At Parts On Call, we’re thrilled to share the news that we’ve expanded our product range to now include a full selection of premium, pre-owned Nissan parts. As one of the leading suppliers of used automotive parts in South Africa, our commitment to …
Businesses say the lack of clarity around ESG and AI regulation is a key challenge to realising the benefits of technology and innovation; Despite recognising the business opportunity with AI, as firms opt to bring in suppliers rather than recruiting in-house specialists, they may be left without the internal talent - risking falling behind the curve in the future.
New survey data from global law firm, DLA Piper, has shown that the Financial Services (FS) sector is calling out for clearer and proportionate regulations surrounding AI and ESG to help them realise the benefits these trends offer.
In its global report - Financial Futures: Disruption in global financial services (https://apo-opa.co/3zhzr4e), published today, the firm found that eight in ten respondents are optimistic about future industry growth prospects for the financial services industry. UK and US organisations reported the highest confidence (93% and 90% respectively) with Africa remaining more cautious (50%).
Amongst organisation types, the research finds that banks are the most optimistic (88%), with optimism being driven by digitalisation and advancements in technology. Respondents from global FinTechs however, are feeling the least positive (72%).
The high levels of optimism are being attributed to advancements in technology (71%), the launch of new products and services to drive growth (55%) and changing consumer and investor behaviours (38%).
However, clarity and a proportionate approach is key as 58% of respondents cite regulation complexity around technology as a key challenge globally, and nearly three quarters (73%) go on to say that current regulations stifle innovation efforts.
For those looking at other locations for optimal conditions for growth , the US is seen as the most attractive market (35%), followed by the EU (24%). South African and Middle Eastern respondents are the most optimistic for the positive impact AI will bring (72%, and 64% respectively), highlighting an appetite for investment, despite apparent lower levels of confidence in the local market.
AI and Digitalisation will transform the financial services sector, but businesses need a plan
Whilst the majority of respondents (86%) believe that AI will transform the sector, half (53%) see AI as one of their main challenges- even so, only four in ten (both 39%) are committed to hiring experts in the field of AI and imposing governance /oversight structures to maximise the related opportunities; and half of the companies surveyed lack in-house specialists and are opting to work with specialist subcontractors.
Without this internal talent, businesses risk falling behind the curve in the future.
Ethical AI concerns are highly documented, yet only 56% of the organisations surveyed are developing ethical frameworks to guide their efforts. Without an ethical framework in place, businesses put themselves at risk of not meeting stakeholder, customer and board demands around AI deployments. It is vital for businesses to have a clear plan and direction in place before they start their AI journey.
Despite not having frameworks to use, businesses report a clear understanding of the benefits AI can offer, such as managing regulatory compliance (63%); followed by fraud detection and prevention (62%). A fifth (21%) of businesses are worried about compliance issues as they look to manage the cyber security and data protection risks associated with AI.
The importance of ESG cannot be understated
As businesses grapple with changing ESG regulations across multiple jurisdictions, nearly (46%) half of businesses globally have ambitions to position themselves as a leader and innovator on sustainability and ESG.
The appetite to drive ESG agendas forward is clear, but businesses report concerns on achieving their goals - over half of respondents (56%) would like to see more ESG regulation to support them in meeting their objectives, and 43%% want to understand the current regulations better.
Businesses seem clear on the ESG challenges they need to navigate, with half stating that the reputational risk of ESG positioning is their biggest challenge, followed by integration of ESG throughout the business (47%). Businesses also ranked accurate reporting as a challenge which they are struggling to address.
The negative external reputational risk of not complying with and need to comply with regulations are the biggest drivers for firms to engage in ESG activities (70% and 52% respectively). However, pressure from shareholders and senior management ranked lowest at 36% and 34% respectively.
As the sector engages with ESG activities, almost 6 in ten (57%) plan to develop new ESG-focused products and services, and half are developing new technologies, yet staff development and training to optimise ESG efforts remains low on the agenda (17%).
Almost half of the sector has ambitions to position their business as an ESG leader, whilst a third (34%) plan to replicate successful approaches by their peers. Not all organisations are so proactive - A fifth (19%) will wait until stakeholders and customers demand an approach, before making any decision.
Mark Dwyer Global Co-Chair of the firm's Financial Services sector group at DLA Piper commented: "While our survey shows a high level of optimism within the financial services sector, our research reveals a need for FS organisations to go further in planning around resourcing and regulatory horizon scanning in order to navigate the opportunities that AI and other new technologies offer.
"It is clear that ESG factors are driving changes to activity in financial markets; from financing the enormous capital requirements for transition, to ensuring accurate reporting of environmental, social and governance metrics to facilitate choice for investors and supervision and stress-testing by regulators. It is therefore vital that leaders take note of the challenges and opportunities presented by ESG and define a clear plan. Both ESG and innovation will be key to business success long into the future."
Johannes Gouws, Country Managing Partner, DLA Piper South Africa added: "In light of the challenges our report identifies, financial services organisations are placing a higher focus on horizon scanning, as well as mapping out global regulatory implications. Balancing adequate and over-regulation in developing markets is always challenging. However, it is crucial for regulations in African markets to keep pace with international developments in order to limit regulatory arbitrage and protect the sector's integrity. Proportionate regulation in the sector is key, and can be a competitive advantage in attracting business and investment. With DLA Piper's pan-African and global reach, we can help clients to simplify their cross-border challenges whilst supporting their resilience in the face of constantly changing risks."
Distributed by APO Group on behalf of DLA Piper.
Notes to editors:
DLA Piper commissioned Coleman Parkes Research to canvass views of key decision-makers in global financial services organisations across the EMEA and APAC regions and North America. Nearly 800 interviews were conducted online in March and April 2024 with executives in key businesses across banking, funds and fund managers, fintech and financial services market infrastructure firms with revenues from USD1 million.
Contact:
Suraj Mashru
Senior PR Manager (UK & International), DLA Piper
+44 (0) 207 153 2617
Suraj.Mashru@dlapiper.com
About DLA Piper
DLA Piper is a global law firm helping our clients achieve their goals wherever they do business. Our pursuit of innovation has transformed our delivery of legal services (https://apo-opa.co/3MPSGou). With offices in the Americas, Europe, the Middle East, Africa and Asia Pacific (https://apo-opa.co/4dczEU6), we deliver exceptional outcomes on cross-border projects, critical transactions and high-stakes disputes.
Every day we help trailblazing organizations seize business opportunities and successfully manage growth and change at speed. Through our pro bono (https://apo-opa.co/3BkLxde) and sustainability (https://apo-opa.co/4djCiHE) work, we support communities around the world and help create a more just and sustainable future. Visit www.DLAPiper.com to discover more.
In South Africa, nearly one in nine adults are affected by diabetes impacting around 4.4 million people between the ages of 20 and 79. Globally diabetes is the fourth leading cause of blindness and the most common cause of vision loss among working-age South Africans. According to the Ophthalmological Society of South Africa (OSSA) approximately …
Digital platforms crucial to keeping citizens connected
Deputy Minister in the Presidency, Kenny Morolong, has emphasised the significance of digital platforms like Meta in connecting citizens and empowering them through educational content, job opportunities, service announcements and real-time communication.
“This is indeed a step towards creating a more informed and connected society where government is responsive to the needs of citizens,” he said on Wednesday.
The Deputy Minister was delivering a keynote address through a virtual platform at the second Meta for Government Summit in Johannesburg on Wednesday.
Meta, in partnership with the Ministry in the Presidency and the Government Communication and Information System (GCIS), is hosting this year’s summit, which is currently underway.
The Deputy Minister said the summit’s timing was crucial as it confronts digital age challenges and opportunities for government communication and economic growth in South Africa.
He believes that South Africa is witnessing an unprecedented transformation in the way government governs and engages with citizens.
“Digital media platforms such as those provided by Meta play a pivotal role in this journey by helping us connect with our citizens more directly, openly and effectively.
“Government has made digital engagement central to our efforts to uplift our people and empower them to take charge of their destinies,” he told the attendees.
He said digital tools can drive economic inclusion and ensure all citizens benefit from Meta's platforms, the parent company of Facebook.
“This is particularly crucial for small businesses and entrepreneurs who have used these platforms to create jobs and expand their reach.”
Fake news
The conversation also addressed the challenges of misinformation and the need for media sustainability.
Shifting his focus to online threats, fake news, disinformation, misinformation and deepfakes, he said government continues to witness the unintended consequences of social media platforms.
“These issues relate to the immigration of bad practices, some of which have resulted in high levels of cyberbullying directed at journalists, children, youth and people with disabilities.”
He said the South African government viewed the spread of misinformation as a serious threat and called on platforms such as those managed by Meta to play an active role in curbing this “unwelcome reality”.
The Deputy Minister underscored ethical digital tool usage, with a call for collaboration to ensure safe and effective digital engagement.
Morolong welcomed Meta’s ongoing efforts to tackle disinformation by employing fact-checkers, developing sophisticated content moderation systems and supporting digital literacy initiatives.
“This is vital to ensuring that citizens receive accurate information that they can trust and are protected from malicious content designed to cause discomfort,” he added.
Southern Africa Meta’s Head of Public Policy, Thabo Makenete, highlighted the use of WhatsApp for event announcements and the potential of artificial intelligence (AI) to create richer content and broader reach.
He described AI as a breakthrough technology of the 21st century with a focus on its potential to solve new and old problems.
Makenete emphasised the need for government to embrace AI to enhance message reach and content richness. – SAnews.gov.za
Gabisile
Wed, 09/18/2024 - 11:40
Deputy Minister Morolong calls on media to adapt to digital era to survive
The Deputy Minister in the Presidency, Kenny Morolong, has emphasised the media’s necessity for long-term self-sustainability strategies as many traditional publications struggle with declining readership and closure.
According to Morolong, the media sector has a significant role in holding government and corporate leaders accountable to the citizens.
“Newspaper companies are also at the forefront of driving economic development in terms of their contributions to a country’s Gross Domestic Product (GDP), employment creation, general literacy, and skills development.”
The Deputy Minister delivered a keynote address via a virtual platform at the second Meta for Government Summit in Johannesburg on Wednesday.
Meta, in partnership with the Ministry of the Presidency and the Government Communication and Information System (GCIS), is hosting this year’s summit which is currently underway.
He bemoaned the impact of the digital industrial revolution on the media industry.
“We have seen newspaper closures, and the decline in advertising revenue, circulation and readership figures means that the sector needs long-term self-sustainability strategies.”
According to the Deputy Minister, profits and the emergence of digital content distribution platforms continue to impact on companies’ traditional profit, which is based on an advertising-based business model.
He announced that the ministerial-appointed Print and Digital Media Transformation and Revitalisation Steering Committee, which he hopes Meta will join, will assist government in addressing issues of mutual interest among all stakeholders.
Meanwhile, he said government has resolved to work with all stakeholders to develop legislative frameworks regarding freedom of the press.
“This approach acknowledges the role of all media in a democracy, and confirms that media and new media fulfil an extremely critical role in the realisation of the right to receive and impart information.”
According to the Deputy Minister, the partnership between government and Meta represents a significant opportunity to create lasting change in South Africa.
The discussion also focused on the integration of artificial intelligence (AI) and communication tools in government to enhance citizen engagement.
The Deputy Minister emphasised the importance of digital platforms like Meta in connecting citizens and empowering them through educational content and job opportunities.
The conversation also addressed the challenges of misinformation and the need for media sustainability.
The government’s commitment to inclusive economic growth, job creation, and ethical digital tool usage was underscored, with a call for collaboration to ensure safe and effective digital engagement.
“Together, we can ensure that digital platforms are not just tools for communication but enablers of economic growth, empowerment, and social cohesion. Let us embrace this opportunity to build a digitally inclusive, safe and empowered South Africa.” – SAnews.gov.za
Gabisile
Wed, 09/18/2024 - 12:05
TechNvst, a prominent innovation commercialization firm based in South Africa, has announced an exciting new collaboration with Microsoft through the African Transformation Office (ATO) to launch the TechNvst AI Startups Uhuru Program. This new initiative is set to transform the landscape for AI-focused startups across Africa by providing them with essential resources and strategic support. …
By Arnaud Bouraima, Deputy Chief Commercial Officer, Webb Fontaine (https://WebbFontaine.com/).
In the face of mounting global environmental challenges such as climate change, biodiversity loss, and pollution, and increasing focus on environmental, social and governance (ESG) awareness, sustainable trade practices and supply chains have the potential to radically transform Africa's economic future.
From green logistics to fair trade and circular economy principles, sustainable trade practices have a significant positive impact on global and local trade. In addition to environmental benefits, they enhance market competitiveness and open access to new markets that value a commitment to sustainability.
However, the transition to eco-friendly and sustainable supply chains is reliant on several factors, not least a significant investment in the infrastructure and technology needed to streamline port and customs operations and ensure a smooth entry of goods into the country in question. An understanding of the importance of digital transformation by governments and regulatory bodies is also a key factor in adopting digital solutions over more traditional manual systems.
African countries that understand and embrace these requirements are well on their way to laying the groundwork for sustainable trade practices.
As an example, the port of Cotonou in the West African country of Benin handles an average of 80 to 90 merchant vessels monthly. According to the African Development Bank (https://apo-opa.co/3MF9Kxi), Cotonou deals with 90 percent of the country's international trade, serving up to 100 million consumers. In 2022, the port handled 12.5 million tonnes of goods, a figure that is predicted to almost double by 2038, reaching 23 million tonnes.
In a gesture of confidence, the recent extension of an €80 million loan (https://apo-opa.co/3MF9Kxi) by the African Development Bank for significant infrastructure upgrades will expand the port's operations even further. Yet despite the vast and complicated operations of one of Africa's busiest ports, Benin has jumped to 66th place on the World Bank's Logistics Performance Index (https://LPI.WorldBank.org/), an astonishing leap of approximately 100 places in just under a decade, positioning the country as West Africa's key trade hub.
But this wasn't always the case. High shipping costs, low efficiency, and poor logistical facilities threatened to stifle any hopes the port had of becoming a key trade route, despite the fact that the country is a crucial transit route for West Africa, connecting millions of people in the landlocked countries of Niger, Mali, Burkina Faso, Chad, and the northern regions of Nigeria.
Technology is revolutionising trade practices
The solution? Leveraging technology to break through the complexities, inefficiencies, and obstacles impeding effective trade, and transform Benin into an economically competitive trade hub.
This is a story that replicates itself in trade ports along Africa's entire coastline. Operators and customs entities are constantly looking for ways in which to alleviate the backlogs and delays caused by the high volumes flowing through these trade entry points, and digitisation, along with improved physical infrastructure, is proving to be an extremely effective solution. Partnerships and collaborations with specialist service providers hold the key to success.
The Webb Fontaine and Benin story
Backtracking from the current situation, and highlighting the importance of long-term public-private collaborations in modernising and streamlining trade landscapes, Webb Fontaine started working with Benin's Ministry of Finance and Benin Control in 2017. Implementing a suite of innovative solutions including Webb Single Window, Webb Transit Tracking, Webb Valuation, Webb Ports, and Webb Customs, we are proud to be playing a pivotal role in transforming trade in the country.
Webb Single Window has been a game changer. It forms the basis of GUCE Benin, a digital platform with over 6,500 users in the logistics chain that facilitates import, export, and transit operations, and incorporates electronic payment via Paylican, Webb Fontaine's official payments partner. Webb Single Window has also automated the processing of key administrative operations like issuing licenses and authorisations, overseeing currency exchange operations, managing exemptions, and communicating with tax services.
In practical terms, this means streamlining the process needed to get containers out of the port. Digitising processes to create efficiencies, using new technologies such as artificial intelligence (AI), reduces the time spent on clearance of goods, for both customs brokers and administrators. Benin now ranks as West Africa's top port and holds the third-highest rating in Africa behind Egypt and South Africa. Release times have been reduced by 30%, with a remarkable 50% of containers being released within only two days.
Along with operational efficiency at the ports themselves, economic growth is a key benefit. From digital skills development to higher revenues as a result of streamlined operations, technology is playing a crucial role. For example, reducing the clearance time from 47 days to only a few days allows for more cycles of importation, increasing tax revenue and creating a healthy economic cycle. This also attracts foreign direct investment, making the port more attractive for investors and traders.
However, the use of technology in port operations is just one aspect in a larger framework of sustainable trade. The resultant benefits, such as automated systems and data analytics have the potential to lead to more efficient operations, reduced emissions, and less waste, which are all key components of sustainable trade practices. For instance, quicker turnaround times not only reduce the carbon footprint of shipping and logistics operations, but they also reduce the need for extended storage, in turn decreasing energy consumption and waste.
Is Africa ready for sustainable and eco-friendly supply chains?
Despite the challenges faced by African countries, many are making great strides. Togo's new container platform, Nigeria's planned green port, Liberia's green economy reforms – all are notable examples. Yet much still needs to be done to fully embrace the digital transformation journey, while at the same time addressing issues like infrastructure development.
All stakeholders have a role to play in implementing sustainable and eco-friendly trade practices and policies. African governments, for instance, can make a commitment to investing the funds and resources needed to create infrastructure that will support both trade and digital advancements, as well as support sustainability initiatives. The African Continental Free Trade Area can play a crucial role in developing a standardised approach to these issues, based on learnings from other countries on the continent.
Africa is a continent that has immense potential when it comes to creating and maintaining sustainable trade practices that will drive economic growth. The continent's success stories demonstrate this, and serve as a call to governments, industry stakeholders, policymakers and the private sector to work together to find tangible solutions that will promote further growth and development. Webb Fontaine is already playing a crucial role in supporting Africa's governments on their trade facilitation journeys, with specialised port technology that is securing customs revenue, mitigating trade fraud, and streamlining clearance times. In the same way, when all stakeholders collaborate and contribute to improvements in their respective areas, Africa's economies will reap the collective rewards.
Distributed by APO Group on behalf of Webb Fontaine.
China to assist SA in alleviating poverty
By Nosihle Shelembe
Beijing, China - As part of ongoing efforts to improve the lives of South Africans, China has committed to assist the country in tackling poverty.
This commitment was revealed in a joint statement by President Cyril Ramaphosa and Chinese President Xi Jinping on the occasion of President Ramaphosa’s State Visit to the People’s Republic of China.
“China is committed to sharing with South Africa its experience in poverty alleviation and rural revitalisation; in building poverty alleviation model villages and offering support for South Africa's coordinated urban and rural development,” the statement said on Monday.
During the State Visit, the two countries recommitted to working together towards building a high-quality China-South Africa community, with a shared future.
“To carry forward the friendship, consolidate mutual trust, expand cooperation and enhance coordination, the two Heads of State agreed to elevate the bilateral relationship to an All-round Strategic Cooperative Partnership in a New Era, underpinned by strong political ties and focused on a prosperous future with balanced trade, and accelerated transformative economic growth,” the statement said.
Improving lives
China expressed its firm support of national unity and the path of economic and social development that South Africa has chosen. It also said it respects efforts by the South African government to safeguard its national interests to improve the lives of all South Africans.
“The two sides agreed to work on strengthening cooperation and synergy between the Belt and Road Initiative and the Economic Reconstruction and Recovery Plan and to continue implementing the 10 Years Strategic Programme of Cooperation between the People’s Republic of China and the Republic of South Africa (2020-2029), as a blueprint towards more substantive outcomes on priority political and socio-economic issues between the two sides.
“The two sides agreed to fully leverage the role of mechanisms such as the China-South Africa Joint Working Group (JWG) and the Joint Economic and Trade Committee (JETC) to further expand economic and trade ties by improving the current trade structure, increasing market access and the export of value-added goods from South Africa,” the statement said.
Trade and investment
China is South Africa's largest trading partner globally, while South Africa is China’s number one trading partner in Africa. Total bilateral trade grew from R614 billion in 2022 to R692 billion in 2023.
“The two sides encouraged the respective business communities to enhance new two-way investments and increase their manufacturing bases within the proximity of the relevant source of raw materials to enable the transfer of skills technology and job creation.
“The two sides committed to providing a stable, fair and enabling business environment for companies from both sides and to ensure the safety and legitimate rights and interests of the relevant personnel, projects and institutions.
“The two sides encouraged mutual visits by economic and trade delegations, including co-hosting the New Energy Investment Conferences with South Africa and holding the Jobs Fair of Chinese-invested Enterprises in South Africa to boost local employment and improve people’s lives,” the statement said.
READ | President calls for narrowing of SA, China trade deficit
Deepening cooperation
The two sides agreed that promoting modernisation is the joint goal in building a high-level South Africa-China community, with a shared future.
“The two sides will deepen cooperation in traditional fields such as agriculture, health, medical sciences and infrastructure development. However, they will further seize opportunities presented by the new scientific and technological revolution and industrial transformation, focusing on key areas such as the digital economy, new energies and artificial intelligence, boost cooperation on quality productive forces, and further expand mutually beneficial cooperation in renewable energy, energy storage and power transmission and distribution,” the statement said.
The two sides further agreed to continue to strengthen exchanges and cooperation in the areas of culture, women, health, youth, education, sport, media, tourism and other people-to-people cooperation fields.
As part of the State Visit, the two Presidents jointly witnessed the signing of several bilateral cooperation instruments in the following areas:
• Cooperation of the Application of BeiDou Navigation Satellite System;
• Sustainable Housing and Human Settlements Development;
• Deepening Bilateral Trade Cooperation;
• Cultural Heritage;
• Cooperation in Prevention and Control of Foot-and-Mouth Disease;
• Inspection, Quarantine and Sanitary Requirements for Dairy Products Exported from the Republic of South Africa to the People’s Republic of China; and the Protocol on Greasy Wool. -SAnews.gov.za
nosihle
Mon, 09/02/2024 - 14:41
Youth is a strategic resource essential for moving the country forward
The youth is a strategic resource and an intellectual reservoir of ideas essential for moving the country forward, says the Women, Youth and Persons with Disabilities Minister, Sindisiwe Chikunga.
“Our youthful population represents a blessing with limitless potential—a strategic asset for the current and future well-being of this country and continent,” Chikunga said.
Delivering a keynote address at the South African Youth Economic Council (SAYEC) 3rd annual job imbizo, held at Melrose Arch on Thursday evening, Chikunga argued that while the current socio-economic conditions pose a direct threat to national stability and undermine future prospects, it is not the youth who are a threat to national security.
According to Chikunga, the conditions under which the youth continue to exist, create opportunities for both known and unknown threats to emerge and become institutionalised.
“Without a more purposeful, quantifiable, and deliberate investment in their potential and capabilities, South Africa will not be in a position to reap the benefits of its demographic dividend.
“No country on earth has been able to industrialise or re-industrialise while neglecting the role of youth in the economy. A trained, capable, and industrious youth is the crucial ingredient currently missing in South Africa’s industrialisation puzzle,” Chikunga said.
She emphasised that placing the youth at the centre of re-industrialisation must be accompanied by fundamental changes in the structure, systems and institutions.
This must also be accompanied by fundamental changes in patterns of ownership, management, and control of the wealth producing resources in favour of all South Africans, particularly the marginalised, vulnerable and poor, who are primarily Africans and women.
She said youth participation in the economy should not be reduced to hopping from one internship to another.
To prepare the youth for meaningful participation in South Africa’s era of industrialisation, the Minister stressed the need for a reimagined industrial strategy that is both fit for purpose and responsive to rapidly changing global economic patterns.
“These patterns range from automation and the rise of artificial intelligence in manufacturing to the ongoing geopolitical realignment. Such a strategy should be anchored on robust economic and market intelligence in order to enhance the quality of decision-making in support of our goals of productivity, industrialisation, commercialisation, and beneficiation,” Chikunga said.
Chikunga added that addressing youth unemployment requires targeted, sustainable interventions with clearly articulated exit opportunities.
"High levels of youth unemployment require special programs. The National Youth Service Programme must better educate, develop, train, and empower youth, and enable them to participate in the reconstruction of society,” Chikunga said. – SAnews.gov.za
GabiK
Fri, 08/23/2024 - 11:40
Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced an expansion of its operations to serve advertisers and publishers in Africa. Partnering with Aleph Holdings, Taboola’s advanced AI-powered technologies and consumer reach will now be accessible to advertisers and publishers in countries including South Africa, Nigeria, Kenya, Egypt and …
AI is becoming a new member of society according to results from a new Kaspersky (www.Kaspersky.co.za) survey titled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World' (https://apo-opa.co/3WRj99J). The study also found that today artificial intelligence is taking on new roles in fields where it can succeed and be trusted by humans.
Based on statistics from Similarweb (https://apo-opa.co/46WpO7u), ChatGPT, one of the world's most popular chatbots, garnered 153 million visits in the first month after its launch in November 2022, and peaked at 2 billion visits in April 2024. In light of the rapid advancements in AI, Kaspersky has conducted an in-depth study to explore current levels of confidence in AI. The study examines its roles from management positions in the workplace to assisting with significant life decisions.
According to the study, respondents see AI as their team member at work, and a manager – 34% globally believe AI can be a fairer boss than a human being because of its impartiality. For respondents from the Middle East, Turkiye and Africa (META) region this statistic is 40%. In South Africa it is 42%.
Another area where AI can play an active role is education. 47% of respondents globally, 60% in the META region and 68% in South Africa foresee children being taught through virtual experience and Metaverses in the near future.
Half (50%) of all consumers globally, 53% in the META region and 64% in South Africa believe that AI has already become an unavoidable part of their lives, with 43%, 46% and 52% respectively having a positive outlook on its potential to bring about many exciting opportunities and improve the future for everyone. A large portion of respondents admit that AI has capabilities in creative areas – 62% globally, 59% in the META region and 53% in South Africa believe AI is a credible producer of works of art.
AI can also be considered a reliable companion and an assistant in everyday life. More than half of respondents (57%) globally, 67% in the META region and 60% in South Africa would like to use AI to run their daily lives more efficiently.
48% of those surveyed globally, 60% in the META region and 56% in South Africa are ready to use an AI chatbot to have conversation online - 31%, 38% and 33% respectively would use it to help them to find the right partner on a dating app. In fact, 48% globally, 58% in the META region and 63% in South Africa believe that human relationships will change because of the impact of AI if virtual characters start replacing real-life partners.
“We are witnessing the growing adoption of AI as a valuable tool, assisting people in diverse areas. Beyond traditional applications, such as processing and analysing data, AI is being entrusted with more intriguing personal roles, including romance, education, and work. As AI technologies continue to evolve, their potential to drive innovation and improve human experiences becomes even more profound. However, this advancement also brings unexpected risks and sophisticated threats, ranging from overreliance — putting too much trust in AI advice — to AI-generated phishing, deepfakes and identity theft. These are the challenges that we need to address across multiple levels,” comments Vladislav Tushkanov, Machine Learning Technology Research Group Manager at Kaspersky.
In order to protect users against AI-driven threats, Kaspersky suggests:
The full Kaspersky report ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World' is available via this link (https://apo-opa.co/3WRj99J).
Distributed by APO Group on behalf of Kaspersky.
About the survey:
In June 2024, Kaspersky commissioned Arlington Research to conduct an online survey of 10,000 respondents to explore the respondents' attitude towards current digital superstitions, AI role in human's life and topic of digital immortality. The sample included 1,000 respondents from each of the UK, Germany and France, and 500 in Spain, Italy, Portugal, Brazil, Mexico, Russia, Kazakhstan, India, China, Indonesia, Turkiye, KSA, UAE, and South Africa.
About Kaspersky:
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection, specialized security products and services, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help over 200,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za.
When the 27th edition of Africa Tech Festival (https://AfricaTechFestival.com) kicks off on 12 November at the Cape Town International Convention Centre in South Africa, the spotlight will be on the exceptional women shaping the future of technology and telecoms in Africa. With August marking the celebration of Women's Month in the host country, the event will proudly showcase many of the women leaders driving growth and innovation across the sector.
Taking place from 12 to 14 November, Africa Tech Festival 2024 incorporates AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town, which will welcome a cumulative 15,000 visitors, more than 400 speakers, and over 300 exhibitors as it explores enterprise tech innovation and disruption across key sectors such as artificial intelligence, cybersecurity, cloud and data centres, and green ICT.
As the continent's leading platform for technology innovators, specialists, and thought leaders, Africa Tech Festival 2024's agenda includes several prominent female leaders who are making a significant contribution to the industry. Their expertise and insights will provide invaluable perspectives on the challenges and opportunities within the sector.
Key speakers include:
“Africa Tech Festival provides the continent's tech ecosystems with a unique platform from which to collaborate and drive positive change. Building a more inclusive, sustainable world means uniting the world's most inspirational founders, business leaders, policymakers, investors, and rising stars, so we are delighted to see so many inspirational female tech executives featured in this year's speaker line-up. As we celebrate Women's Month, we look forward to their unique insights and contributions,” said Informa's James Williams, Event Director of Africa Tech Festival.
Organisers are confident that the presence of these female industry leaders at Africa Tech Festival will provide impetus to efforts by the industry to be more inclusive, highlighting the opportunities available to women in various sectors, providing insights for women wishing to embark on tech and telecoms careers, and showcasing the successes and contributions of women making their mark within the industry.
“Events such as Africa Tech Festival provide a platform for women to network and to gain exposure to more accomplished women in tech. These role models provide inspiration to women starting out in their careers that they can break the glass ceiling,” said Funke Opeke, CEO, MainOne, who will be participating in the ‘Big Tech and Telcos: Collaborating on Digital Infrastructure Investment' keynote panel.
Speaking on the importance of mentorship for women entering the industry, Mary Mahuma, CIO, Southern Africa, Philip Morris said, “As a female industry leader, I see mentorship as a necessary reminder of our social responsibility to be empathetic, driven, inclusive, and resilient leaders. I am fortunate to have a female mentor who has significantly influenced my leadership style, thinking, and understanding of corporate dynamics and culture.” Mary will be a panellist on the ‘Nurturing Talent and Bridging Skills Gap: Building a Future-Ready Workforce in the Age of AI' panel.
“Women's contributions are significantly transforming the telecoms and technology landscape in Africa through innovation, leadership, and advocacy. Their contributions are not only advancing the industry but also driving social and economic development across the continent. By fostering innovation, supporting entrepreneurship, and advocating for inclusive policies, these women are transforming the tech landscape in Africa,” added Motunrayo Opayinka, Founder and CEO, Womenovate. Motunrayo will share her insights on the ‘Educational Equity Through AI: Tools for Advancing Education in Underserved Areas' panel.
In addition, EQL:LOUNGE creates a space for women in tech to connect directly, and engage in meaningful dialogue, with high-calibre speakers in intimate settings hosting panel discussions, keynote addresses, and fireside chats. Taking place the evening before the event opens, InspiringFifty Africa is a prestigious awards ceremony focusing on recognising the top fifty women making significant strides within the African tech ecosystem.
Register now to secure your spot and join us in shaping the future of technology in Africa: https://AfricaTechFestival.com
In a special Women's Day offer, Africa Tech Festival is offering a 15% discount on Platinum Passes until midnight on 16 August. Passes can be purchased via this link, using the code NWD15 - https://apo-opa.co/3SAYyFh
Distributed by APO Group on behalf of Africa Tech Festival.
About Africa Tech Festival:
Africa Tech Festival, including anchor events AfricaCom, AfricaTech, AfricaIgnite & The AI Summit Cape Town is part of the Informa Tech Connecting Africa event series.
A vibrant celebration of Africa's diverse community of tech champions, Africa Tech Festival is the largest tech and digital connectivity conference and exhibition in Africa, attracting hundreds of exhibitors, more than 400 speakers and more than 15,000 delegates.
Well wishes for new SANEF Chairperson Nwabisa Makunga
Government has congratulated Nwabisa Makunga who is the current Deputy Chairperson of the South African National Editors Forum (SANEF) on her appointment as Chairperson of the forum.
Government Communication and Information System (GCIS) Acting Director-General, Nomonde Mnukwa, said the appointment of Makunga is a demonstration of her ability and capability.
“Makunga’s elevation to this important responsibility is an inspiration to many women journalists and proof that the media industry is making great strides in affirming gender equality. It is a further demonstration of the triumph of abilities over obstacles of women in the media sector,” Mnukwa said on Thursday.
Makunga will lead a team responsible for representing those who are responsible for telling stories and representing the aspirations and wishes of the population.
“The media landscape is going through challenges, especially with the emergence of digital media and the impact of social media. SANEF is, amongst others, ceased with navigating challenges in the media sector such as declining revenues, shrinking media houses, fake news enabled by artificial Intelligence and other emerging threats to the information platforms,” Mnukwa said.
It is against this background that the GCIS is looking forward to further fostering its partnership with the forum and it office bearers, and the media as a whole.
“I want to reiterate that GCIS recognises the significant contributions made by SANEF in upholding press freedom, ethical journalism, and media diversity in South Africa,” Mnukwa said. –SAnews.gov.za
nosihle
Thu, 07/25/2024 - 09:41
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SA delegation in Munich for International AIDS conference
Deputy Minister of Health, Dr Joe Phaahla, has arrived in Munich, Germany, ahead of the 25th International AIDS Conference, scheduled to take place from Monday to Friday.
The Deputy Minister will lead the South African delegation at the conference which will be held under the theme: “Put people first”.
This year’s conference theme highlights a clarion call for all key role players to strengthen efforts in deepening human rights, providing adequate health care facilities and protecting civil rights.
The AIDS 2024 Conference offers a platform to address persistent challenges which impact negatively on countries' overall HIV response.
Phaahla is supported by the SA Patron of the Global Alliance for ending AIDS in children by 2030, Humile Mashatile, the SANAC Chief Executive Officer, Dr Thembisile Xulu, Health Department Director General, Dr Sandile Buthelezi, a team of health scientists, civil society activists, social partners as well as senior government officials.
“This important world’s largest and most influential conference on HIV/AIDS, will feature discussions on, amongst others, key population-led innovations, artificial intelligence and digital technology in healthcare provision, HIV and climate change, prevention of vertical transformation and also consider lessons from COVID-19 on misinformation,” the Presidency said in a statement.
In this regard, the SA Global Alliance Patron, Humile Mashatile, will participate in panel discussions focused on “Connecting data, programmes and communities with the view to contribute in defining Global Alliance Roadmap to Ending AIDS in Children by 2030”.
Mashatile will also meet with the Executive Director of UNAIDS, Winnie Byanyima, to outline the strategic plans and programmes developed by key South African role-players, geared towards ending AIDS in Children by 2030.
The Human Sciences research Council (HSRC) of South Africa, which is Africa’s largest dedicated social science and humanities research agency and policy think tank, will utilise the opportunity to present a study on South African HIV Prevalence, Incidence and Behavior (SABSSM) survey results.
This critical work by the HSRC signifies an important legacy collection of public data that has contributed to the improvement of lives for citizens.
The Deputy Minister and the delegation will join world activists in confronting challenges and identifying opportunities to accelerate progress in HIV science, policy and initiatives, to foster a more resilient, equitable and sustainable international community. – SAnews.gov.za
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Mon, 07/22/2024 - 09:52
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SARS pays out billions in 2024 tax season refunds
The South African Revenue Services (SARS) has already paid out about R10 billion in refunds to at least 1.6 million taxpayers who were auto-assessed ahead of this year’s Tax Season.This is according to SARS Commissioner, Edward Kieswetter who was briefing the media on Tuesday.
In the first two weeks of July, at least five million taxpayers were auto-assessed by the revenue service.
“We completed these annual returns and tax assessments while, simultaneously, running each assessment outcome through our compliance risk and tax fraud detection capability. All this is possible because of the investment that we have been able to make in increasing and expanding the use of third-party data in the past few years.
“We’re able to process over 90% of refunds for taxpayers that are not selected for verification within 72 hours through our fraud risk detection AI. We direct high risk taxpayers – for whom we suspect there may be a fraudulent or impermissible refund – for further verification,” he said.
READ | SARS to provide update of Tax Season 2024
In order to complete auto-assessments accurately, SARS harvested nearly 150 million third-party data records. This information was then processed through the application of artificial intelligence and enhanced machine learning algorithms.
“We are extremely reliant on employers, banks and other third-party information providers to provide us with accurate data. The integrity of the entire value chain of data is important. We have worked extremely hard this past year with large institutions and entities to improve the accuracy of bulk data submissions.
“We appreciate the partnerships with all third-party data providers to enable a seamless experience for taxpayers. Inaccurate data, or late data, causes downstream difficulties and unnecessary delays and frustrations for taxpayers.
“SARS uses sophisticated graph database technology to decipher billions and billions of rows of data that allows us to compose a single entity view of a taxpayer and this, in turn, allows us to produce an assessment outcome as well as conducting the necessary risk detection through the artificial intelligence methodologies,” he said.
Kieswetter added that the AI tool used by SARS to detect fraud has saved the fiscus billions of Rands in fraudulent refunds.
“Last year alone, this fraud detection capability prevented almost R100 billion of impermissible PIT and VAT [Personal Income Tax and Value Added Tax] refunds from being paid out and lost to the fiscus,” he said. – SAnews.gov.za
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New Police Minister outlines priorities
Police Minister Senzo Mchunu says the seventh administration will act decisively to bring the high level of crime in the country, under control.
“It is our view and understanding that tough measures may need to be taken to reduce crime where necessary,” Mchunu said, addressing the media in Pretoria on Monday on the Ministry’s priorities, following the establishment of the Government of National Unity after the General Elections.
“We are honoured and humbled to have been given the enormous responsibility of ensuring that South Africans are safe and feel safer.
“We have spent the first week in office meeting with the executive management, provincial commissioners and divisional heads of the South African Police Service. We have done this to ensure that we have a broad understanding of the portfolio, including the challenges and opportunities, so that we can map out the priorities and urgent tasks at hand,” said the Minister.
He said he had benefited from briefings from the Directorate for Priority Crime Investigation (the Hawks), the Independent Police Investigative Directorate (IPID), the Private Security Industry Regulatory Authority (PSiRA) and the Civilian Secretariat for the Police Service as well as various organisations and institutions within the security arena.
“The crime levels in the country are on the increase and are intolerable. We need to act decisively and bring this under control.
“The levels and type of crime differ from one province to the other. We need to take this into account as we implement the integrated National Crime Prevention Strategy,” said the Minister.
Currently, the leading crimes in the country are contact crimes such as murders and rape, as well as hijackings and kidnappings for ransom payments.
“The killing of women and children also continues to be cause for serious concern and warrants intensive action from law enforcement. Our mission is clear - our country must be safe for all citizens. People all over South Africa must be able to move around at any time without fear of marauding criminals.
“Gang violence is also on the rise, noticeably in the Western Cape. The situation must be brought under control so that children in the Cape Flats, Khayelitsha (Site C), parts of Nelson Mandela Bay and parts of Gauteng can be able to play in the streets without fear of being hit by stray bullets,” he said.
Mchunu said as the police, they take the issue of “construction mafias” in the country very seriously.
“This trend is associated with destructive activities which disrupt construction and infrastructure development which our country urgently requires.
“Genuine quests for economic transformation can be handled through the correct channels and by using existing policy prescripts, without resorting to hijacking construction sites and using extortion to source business. This matter will continue to receive priority attention,” the Minister said.
Police will prioritise the amendments to the South African Police Service Act as it is outdated, still making incorrect references to the 1993 Interim Constitution.
“It needs to be in line with modern day crime fighting and prevention demands. We will also finalise the National Policy on Policing. It must take into account provincial needs and priorities,” Mchunu said.
He said there was an urgent need to professionalise the SAPS and instill positive ethical values, patriotism and the understanding that the primary duty of a police officer is to always serve and protect the public.
“Uprooting corruption and removing corrupt police officers from SAPS will remain a top priority. Misconduct by SAPS members will not be tolerated and action will be taken.
“We want to change the negative perceptions of our police officers. People must respect police officers; have confidence in them and feel safe in their midst. Professionalism in the work of police is also part of the police protection mechanism.
“Our police officers need to work in a conducive environment. We are committed to ensuring that our police stations are well-resourced. We have to provide the necessary tools and vehicles to serve our communities effectively,” he said.
According to Mchunu, over the past two years, over 20 000 new police officers have been trained.
“We will strive to continue bolstering capacity and to enhance police training. A police officer must attend regular refresher courses to stay operationally ready. We will also strengthen some existing units within the police force,” he said.
With regard to the use of technology in the police service, Mchunu said the integration of technology in police services is crucial for enhancing the efficiency, effectiveness and overall capability of law enforcement.
“We will prioritise the roll out of new technologies to detect and deter crimes. Advanced technologies such as data analytics, artificial intelligence, surveillance systems, and digital communication tools enable police to better predict, prevent, and respond to criminal activities.
“These tools provide officers with real-time information, improve decision-making, and facilitate faster, more accurate investigations. Technology also enhances transparency and accountability and fosters greater public trust.
“We will benchmark against other successful law enforcement agencies worldwide and endeavour to bring SAPS on par with the best in terms of technology and operational efficiency,” Mchunu said. – SAnews.gov.za
Edwin
Mon, 07/15/2024 - 12:06
JOHANNESBURG, South Africa – July 2024 – In the quest for the perfect laundry routine, the choice between a front loader and a top loader washing machine can significantly impact your household’s efficiency and convenience. Both types offer unique advantages tailored to different needs and lifestyles. Here is a detailed guide to help you decide …