Fortifying Africa’s Financial Future: BFSI Security Summit Hits Johannesburg in 2025
In 2020, South Africa’s Experian breach compromised the data of 24 million individuals, highlighting vulnerabilities in the financial sector. In 2023, the Medusa hacking group targeted the Malian subsidiary of Bank of Africa, stealing two terabytes of data and demanding $2 million.
South Africa’s rising electricity costs fuel a wave of energy startups
South Africa's electricity prices will rise by 26% over the next three years, leading to increased demand for energy alternatives. Eskom's price hikes, starting in April, will significantly impact consumer energy bills.
NTCSA Invests $6.3 Billion to Strengthen Grid for Renewable Energy Growth
NTCSA commits R112 billion to revamp transmission grid. Aim to bring 30,000 MW of renewable energy online by 2029.
Hohm Energy Facing Financial Constraints, 8 Months After Raising $8 Million In Seed Funding
Hohm Energy has exercised a 'business rescue' in South Africa due to financial distress. The business rescue process will last three months and involve investigations and meetings with creditors.
Solar Energy at R1.00/kWh, Electricity to Increase to R4/kwh
Residents in major metros across South Africa are facing substantial double-digit increases in their electricity bills starting from 1 July. The average increase for key industrial and urban electricity tariffs stands at 13.29%.
