Digitisation

Is trade finance going to come up trumps together with blockchain technology? Banks and fintech firms remain confident that blockchain technology can transform the paper-heavy industry of trade finance. The trade finance industry is ripe for the capabilities of blockchain technology. The technology is changing everything from payments transactions to how money is raised in the private mark. Blockchain has the potential to disrupt the trade landscape – by simplifying a range of activities – including reducing disputes and fraud to offering delivery and payment assurance, facilitating transparency of trade asset movement, and assisting in the flow of trade receivables.

Foreign direct investment into Africa is on the rise, and with the population set to reach 1.7 billion by the end of the decade, this sleeping lion of a continent is focusing international minds. Sub-Saharan Africa in particular, with its rich well of natural resources the world covets, is seeing growth its suitors can only dream of. Beyond natural resources and infrastructure, Sub-Saharan Africa is now diversifying its allure to encompass the tertiary sector. This has seen significant new investment into logistics and ITC services, and while the Covid-19 pandemic saw FDI inflows heavily impacted, in this the region was…

PwC South Africa, together with Minerals Council South Africa, is pleased to share its second publication on The state of digital transformation in the South African mining industry: Ten insights into 4IR 2023. The publication encompasses new insights, validates existing ones from our previous report, and articulates mining organisations’ commitment to using digitalisation and technology for the ultimate creation of business value in the mining sector. Please find and download the full 2023 report here: https://www.pwc.co.za/en/publications/ten- insights-into-4ir.html Roger Baxter, Minerals Council CEO, says: “Digital transformation is imperative for mining — a non-negotiable if you like — as it serves as…