Youth urged to be mindful about money

It’s no secret that South Africans don’t have a great track record when it comes to debt. FNB recently revealed that credit-active middle-income consumers spend, on average, 30% of their income on unsecured credit and 35% on secured credit. To create a...

UNCDF and IBM partner to address digital skills gap

UN Capital Development Fund (UNCDF) is working with IBM to address the digital skills gap by delivering digital learning to youth and women, as part of UNCDF’s Digital Futures initiative. IBM will support the implementation of Digital Futures through the IBM...

Business confidence slips in the second quarter

The RMB/BER Business Confidence Index (BCI) dropped from 46 to 42 in the second quarter – a similar level to that recorded in the second half of 2021. Various shocks over the past year have contributed to keeping confidence this low and many uncertainties remain. A...
Using AI, Mayflower Autonomous Ship concludes trans-Atlantic journey

Using AI, Mayflower Autonomous Ship concludes trans-Atlantic journey

In a voyage lasting 40 days and conquering approximately 3 500 unmanned miles at sea, the Mayflower Autonomous Ship arrived in North America in Halifax, Nova Scotia on June 5, 2022. Following two years of design, construction and AI model training, the Mayflower...

Half of finance AI projects destined to be delayed or cancelled

Half of current finance artificial intelligence (AI) deployments will be either delayed or cancelled by 2024, while the use of business process outsourcing (BPO) for AI will rise from 6% to 40% within two years, according to Gartner. Chief financial officers (CFOs)...