Business

There will be no sudden arrival of the cavalry to rescue us and that will affect the socio-economic change South Africa needs anytime soon. The only solution going forward is private/public co-operation and, as harsh as the statement might seem, it’s necessary.

The cyber threat landscape is increasing drastically as black hat hackers become more robust and innovative when deploying cyber attacks. Just over the period month of July 2021, the QV Research Team published 17 bulletins reporting 115 vulnerabilities for which exploits are actively available.

This is why instead of advertising for jobs, small companies will just look for referrals. This is a common practice that means that those who do not have the networks may not get the jobs, even when they have all the skills. Those without networks and connections end up losing the game.

In particular, technology should help solve existing problems. Whether it’s sending and receiving money across national borders, making sure people can get to scheduled healthcare appointments, or helping store owners accept and track payments, there are problems to be solved.

A report by the Central Bank of Kenya showed that banks turned away 28% of all SMEs that came knocking for credit in 2020. Microfinance institutions reported even a higher percentage.

The rapid migration from traditional banks to digital banks by the market is driven by the low cost of entry.Thanks to technologies like artificial intelligence, machine learning, chatbots, automation, and blockchain alike

According to McKinsey, future-ready companies share three characteristics: they know who they are and what they stand for, they operate with a fixation on speed and simplicity, and they grow by scaling up their ability to learn, innovate, and seek good ideas regardless of their origin.