Economy shows signs of being on the long road to recovery

Economy shows signs of being on the long road to recovery

The BankservAfrica Economic Transaction Index (BETI) for June 2020 showed the biggest one-month bounce-back on record, providing the first strongest indication of an economic recovery since the start of the Covid-19 lockdown. However, the organisation cautions that...
Businesses and individuals need to plan for the next disaster

Businesses and individuals need to plan for the next disaster

The Covid-19 pandemic might be easing around the world, but it holds lessons to be learned for the future. One lesson is that even households need to do scenario planning, where they make assumptions on what the future is going to be and how their environments might...
Global IT spend set for 7,3% decline in 2020

Global IT spend set for 7,3% decline in 2020

Worldwide IT spending is projected to total $3,5-trillion in 2020, a decline of 7,3% from 2019, according to the latest forecast by Gartner. While the global economy is expected to witness a ‘swoosh’ recovery, IT spending will experience more of a ‘swoop’ recovery....
Cash makes a comeback during lockdown

Cash makes a comeback during lockdown

A detailed look into South Africans transaction habits from cash and card spend over the lockdown period has revealed that the value of ATM withdrawals is on the rise while credit cards are being stored away. “As a service to the South African economy and...
Unexpected comet puts on a show

Unexpected comet puts on a show

A comet visiting from the most distant parts of our solar system is putting on a spectacular nighttime display. Named Comet C/2020 F3 NEOWISE, the comet made its once-in-our-lifetimes close approach to the Sun on 3 July 2020, and will cross outside Earth’s orbit...
With the right post-Covid response, Africa could bounce back

With the right post-Covid response, Africa could bounce back

Africa’s economic growth could rebound in 2021, provided that governments manage the Covid-19 infection rate well. This is according to updated forecasts from the African Development Bank, which projects growth rebounding to 3% in 2021 from -3,4% in the...