The local launch followed the international showing of the powerhouse smartphone held last Tuesday in London. Huawei’s new Mate20 series sent shockwaves across the tech world with the phone’s impressive design, 3 multi-functional cameras, the in screen fingerprint sensor and many others, all powered by their new powerful Kirin 980 chip set.

Akhram Mohamed, Chief Technology Officer at Huawei Consumer Business Group South Africa, said, “The Huawei Mate 20 series offers consumers a compelling combination of powerful artificial intelligence (AI), flagship performance, longer battery life, advanced security, a greater videography and photography experience, and more—all [...]

The group lists South Africa as having the 37th highest average net household wealth among the countries assessed, with EUR 7,770 per capita (±R127,300), up from EUR 7,080 in 2017 (±R116,000). In its 2018 report, Allianz focused in on the imbalances that exist between the average wealth held per capita compared to the median wealth per capita, noting that there are more countries (30 in total) in which distribution, based on development of median assets, has improved since the turn of the millennium. This shows an overall improvement in the wealth of any given country – however, South Africa is not one of those. South Africa, Allianz said, is a country with a reputation for distorted [...]

The World Economic Forum (WEF) has published its latest Global Competitiveness Index, showing that South Africa has dropped five places in the rankings since 2017.

The report measures and assesses the competitiveness landscape of 140 economies, and gives insights into what drives economic growth among them.

This is done through assigning scores to various indicators across 12 key pillars – starting with a country’s institutions, all the way through to the business dynamics.

In 2018, South Africa ranked 67th globally – with an overall score of 60.8 – attaining the second spot in Sub-Saharan Africa. This is down five places from 62nd place in 2017.

According [...]

Trading across borders is a risky business, but the potential returns are high. That said, having a successful business in South Africa is not in itself a good enough reason to consider exporting it. The first leg of the biannual My Business Expo, held at Gallagher Convention Centre in Midrand on Thursday, treated delegates to panel discussions on how to go about getting their businesses ready for cross-border trade, among other things.

The key focus of those discussions, was expanding into Africa, where the risks are particularly high because of the poor interconnectedness between countries within the region, meaning every country had its own set of rules and regulations, [...]