PMI ticks down again in May 2023

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down to 49.2 in May 2023 from 49.8 in April. The headline index has now signalled a deterioration in business conditions for four consecutive months. In addition to the downbeat assessment of...

Weak consumer demand delays smartphone recovery

According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, global shipments of smartphones will decline 3,2% in 2023, totaling 1,17-billion units for the year. This is a downward revision from the 1,1% decline...

Holy See the most literate country in cybersecurity

Nine of 10 countries demonstrating the best cybersecurity literacy skills are European, while Vatican City (or The Holy See) tops the global ranking, as the National Privacy Test results indicate. With 58 points, South Africa ranks 50th in the global scoreboard....

Human leadership vital for CFOs in an era of finance AI

The rapid progress of AI tools in the finance function in recent times has made it more important than ever for chief financial officers (CFOs) and finance leaders to demonstrate three core pillars of human leadership: adaptivity, empathy and authenticity, according...

Electronics manufacturers adopt Nvidia generative AI, Omniverse

Electronics manufacturers worldwide are advancing their industrial digitalisation efforts using a new, comprehensive reference workflow that combines Nvidia technologies for generative AI, 3D collaboration, simulation and autonomous machines. Supported by an expansive...

Car-sharing could be key to urban mobility

The smooth, efficient movement of people and goods is vital to economic activity and growth, which is why the development of any country is inextricably linked with its transportation system. So, amidst South Africa’s many transportation challenges, the...