Announcing the winners of the 2024 BCX Digital Innovation Awards

Johannesburg - BCX, a leader in digital transformation and innovation, is proud to announce the winners of the 2024 BCX Digital Innovation Awards, recognising South African organisations' exceptional digital innovation achievements. The winners were unveiled at the prestigious Sunday Times Top 100 Companies Awards, held last night, where the spotlight was shone on those organisations leading the way in digital transformation.

The BCX Digital Innovation Awards, launched in 2019, began as a platform to celebrate digital innovation excellence within South Africa's small and medium enterprises (SME) and corporate sectors. Over the past five years, the awards have expanded to include the public sector, reflecting BCX's commitment to fostering innovation across all spheres of South African society.

2024 BCX Digital Innovation Award Winners

SME sector:

• Best Overall: Stride IT Business Solutions - Developed the South African Music Performance Rights Associate ("SAMPRA") Connect platform to address critical challenges in the South African music industry, including inefficiencies in royalty management, lack of transparency, and outdated data handling processes.​
• Best in Society and Sustainability: National Graduate Employment Solutions - An NGO that developed a platform to assist graduates in applying for jobs.​
• Best in Technology: Future Forex - The largest crypto arbitrage company on the African continent. Offering an online forex platform for clients to invest in cryptocurrencies.

Public sector:

• Best Overall: City of Cape Town - Developed a digital Wayleave Management System.
• Best in Society: Information Regulator - Created an online platform to automate processes and capture information, which previously had to be done manually on paper. ​

Corporate sector:

• Best Overall: Standard Bank - Developed a fleet management card system to address challenges of fraud and cross-border payment. ​
• Best in Society and Sustainability: Old Mutual - Developed Moneyversity, an online platform, to address the need for quality financial education through a platform that is intuitive, easy to use and provides content suitable to adults and children.
• Best in Technology: Old Mutual Corporate - Built a multifaceted platform that acts as a one-stop shop for small to medium enterprises with practical solutions to business administrative tasks.

The winners were selected from a pool of submissions demonstrating cutting-edge digital solutions and their measurable impact on business performance, customer experiences, and overall organisational transformation. These trailblazers represent the forefront of South Africa's digital revolution, and their success stories serve as a testament to the growing importance of digital innovation in today's business world.

The BCX Digital Innovation Awards run in conjunction with the BCX Digital Innovation Index, which provides a comprehensive roadmap for South African organisations seeking to achieve innovation excellence. The Digital Innovation Index is a collaborative effort with EY Parthenon, offering valuable insights into the state of digital innovation across the country. The Index builds on last year's report, expanding to include insights from 60 organisations, providing a robust overview of South Africa's digital innovation landscape.

The 2024 BCX Digital Innovation Index delves deep into the drivers and barriers to innovation across various economic sectors, offering key insights into how businesses are navigating the innovation environment. The report classifies organisations into four categories based on their innovation maturity: 'Excellent', 'Maturing', 'Emergent', and 'Nascent', offering a snapshot of how companies are progressing on their digital innovation journeys.

A key finding from the 2024 report is the recognition that innovation is no longer a buzzword but a core strategic driver for South African businesses. Many of the organisations surveyed have embedded innovation into their broader business strategies, positioning it as a catalyst for growth, sustainability, and competitive advantage.

"We are excited to celebrate the achievements of these visionary organisations who are at the forefront of digital transformation," said Siyabulela Mpahlwa, Chief Commercial Officer at BCX. "The 2024 BCX Digital Innovation Awards reflect how deeply innovation has been ingrained in the fabric of business strategy and how crucial it is to South Africa's future growth and global competitiveness. The success of these companies reinforces the importance of investing in digital innovation, not just for operational efficiency but for long-term business sustainability."