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News

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Thu, 27 Jul 2017
Facebook acquires content rights startup Source3

Social network Facebook has acquired US-based startup Source3 – a platform for end-to-end management of intellectual property in user-generated content (UGC) – in order to help it tackle piracy issues.

Recode.net reported that Facebook will acquire the group’s technology and some of the team behind Source3 in order to help it clamp down on users who share pirated videos and other content without permission.

“We’re excited to work with the Source3 team and learn from the expertise they’ve built in intellectual property, trademarks and copyright,” a Facebook spokesperson said in a statement shared with Recode. “As always, we are focused on ensuring we serve our partners well.”

“We’re joining Facebook,” Source3 said on its website.

“At Source3, we set out to recognize, organize and analyze branded intellectual property in user-generated content, and we are proud to have identified products across a variety of areas including sports, music, entertainment and fashion. Along the way, we built an end-to-end platform to manage online IP and establish relationships with brands.

“Today, we wanted to let everyone know that we’ve decided to continue our journey with Facebook. We’re excited to bring our IP, trademark and copyright expertise to the team at Facebook and serve their global community of two billion people, who consume content, music, videos and other IP every day,” it said.

 

Source: https://businesstech.co.za/news/internet/187773/facebook-acquires-content-rights-startup-source3/

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Tue, 25 Jul 2017
Why international investors are upbeat about SA tech companies...

Law firm Baker McKenzie has released its latest quarterly Cross-border M&A Index, showing a massive drop in the number of inbound M&A deals across Africa and South Africa – but there’s a positive spin for the SA tech sector.

According to the report, there were 17 inbound M&A deals in Africa in the second quarter (Q2) of 2017 – a 48% drop from 33 deals in Q2 2016.

The total deal value for inbound deals amounted to US$780 million, decreasing by 83% year-on-year and 88% on a quarter-by-quarter basis.

According to Morne van der Merwe, managing partner of Baker McKenzie, almost half the continent’s M&A activity flows through South Africa, meaning that recent local developments would have a significant negative knock-on effect in Africa.

“Foreign Direct Investment (FDI) in South Africa has decreased and this will continue until the local investment climate stabilises,” he said.

“Due to the credit ratings downgrades, the cost of raising capital for acquisitions has become more expensive, making deals more difficult. In addition, the Rand has been one of the most volatile currencies in 2017 and this volatility has suppressed deal appetite.”

“These factors, combined with recent political instability and uncertainty, have resulted in a perception in the market of increased risks of doing business in South Africa. Global players are finding more attractive investment destinations elsewhere.

 

South African tech companies

According to the M&A Index, there were no inbound technology deals in Africa in the second quarter of 2017.

This is despite global results, which noted a high volume of technology deals in the first half of 2017, with the number of cross-border technology deals higher in H1 2017 than in any post-crisis half-year period.

However this data likely points to good news for South African tech companies, van der Merwe said.

“Africa has several technology hubs, including one in Cape Town, and the development of technology in the banking and finance sector, for mass usage on the continent, is well advanced,” he said.

“A positive explanation for there being no inbound deals in this sector in Q2 2017, is that this is not due to lack of IT development in Africa, to the contrary, but because IT companies are structuring their operations in a way that allows them to enter into partnerships offshore and bring their operations into Africa through licencing arrangements.”

This is reflected in the positive number of cross border outbound deals, with South Africa boasting the majority of the 15 cross border outbound deals in Africa for the second quarter of 2017.

Technology tied with Business Services was a top target industry for Africa’s outbound deals by volume with a total of three deals for the quarter (20% of total).

In terms of deal value, the Financial Services sector led slightly with $535 million or 35% of total deals.

Technology deals came in close second, accounting for $510 million or 33% of total outbound deals from Africa.

“An increase in development in African telecoms industries, as well as the opportunities presented by a rapidly developing financial services sector, remain key drivers of outbound investment activity in Africa. The growing financial services sector has also seen domestic banks make significant investments in technology, including in offshore companies,” said [...]

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Tue, 25 Jul 2017
Lanseria airport launches self-service technology to allow passengers to ch...

Lanseria International Airport says it is the first airport in Africa to introduce self-service technology for passenger and airline convenience.

The airport has invested in SITA’s Scan & Fly drop units and airport iValidate systems to offer its customers greater efficiency and more convenience when flying from the airport in north Johannesburg.

The new technologies will enable passengers to check in online, or via their mobile devices, tag and drop their bags in less than a minute before proceeding directly to their boarding gate, it said.

Traditional check-in counters will convert into intuitive technology equipment that will allow passengers a simpler, faster solution for their air travel experience.

“Creating convenience has always been a priority for us – and it forms part of our drive to realising our vision of becoming the regional airport of choice. We’re excited to be the first airport on the continent to offer our passengers and airlines technologies that will ease the process of air travel,” said Rampa Rammopo, CEO of Lanseria International Airport.

The new technology will not only allow passengers to check in their own luggage, but will also automatically verify all types of boarding passes, including home-printed A4 and mobile boarding passes, enhancing security and speeding up the check-in process for passengers, the airport said.

It will also roll out new baggage reconciliation technology, which it said should help ensure that passenger’s luggage arrives with them at their destination.

Airlines using the airport will need to comply with IATA’s Resolution 753 that requires airlines to track bags at key points during the journey.

“We look forward to piloting the new technology at the airport with our technology partner SITA, which will go live at the end of August 2017 – all in the interest of saving time and offering our passengers peace of mind when checking in to fly from our airport, especially as we gain momentum in the construction of our MSP,” said Rammopo.

Among other recent developments, the airport has completed the construction of its new Air Traffic Control tower and emergency management services unit, to make provision for a more comprehensive view of, and access to, the air field.

The development of the three-level Multi-Storey Parkade is also in progress and scheduled for completion in the latter half of 2018.

Source: https://businesstech.co.za/news/technology/187243/lanseria-airport-launches-self-service-technology-to-allow-passengers-to-check-in-their-own-luggage/

 

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