Mixed messages as CEOs express confidence and doubts

Mixed messages as CEOs express confidence and doubts

More than half (55%) of CEOs harbour doubts about the potential benefits of South Africa’s association with BRICS (Brazil, Russia, India, China, and South Africa). This is one of the findings of this quarter’s Merchantec CEO Confidence Index (MCCI), which...

Drive Control acquisition finalised

The long-anticipated sale of Drive Control Corporation has gone through. As at 1 October 2023, Drive Control Corporation has been acquired and transferred to DCC Technologies (Pty) Ltd as a going concern. DCC founder Neil Rex has stepped back from the CEO role, which...

Bank Zero takes on commercial banking

Bank Zero is now offering commercial banking for businesses of any size. “Bank Zero is ushering an innovative new approach far from the legacy ‘me-too’ solutions of traditional banks,” says Michael Jordaan, chair of Bank Zero. “We have...

Cloud infrastructure spending stays on growth track

Spending on compute and storage infrastructure products for cloud deployments, including dedicated and shared IT environments, increased 7,9% year over year in the second quarter of 2023 (2Q23) to $24,6-billion. This is according to the International Data Corporation...

Attacks through social media proliferate

On 29 September, the North Korea-linked cybercriminal group Lazarus targeted a Spanish aerospace company through social media. The attacker pretended to be a recruiter from Meta and contacted employees via LinkedIn Messaging. This tricked them into believing the...