Robotics industry to pass $500bn mark in 2030

Robots have not taken over the world yet, but there will definitely be a lot more of them by the end of the decade. GlobalData forecasts that the robotics industry will pass the $500-billion mark in 2030, after a decade of growing at double-digit rates. That is an...

Financial services face higher ransomware recovery costs

Financial services organisations that have been hit by ransomware face more than $2-million in recovery costs. These are among the findings from Sophos’s survey report, “The State of Ransomware in Financial Services 2021,” showing how mid-sized...

Alviva reports year-end results

Alviva Holdings has reported that its revenue for the year ended 30 June 2021 is 1% higher than last year at R15-billion. Earnings before interest, tax, depreciation and amortization (EDBIDTA) are 25% up at R887-million. Earnings per share are 267,3 cents, an increase...

Adapt IT shows resilience

Adapt IT has reported an overall increase in revenue and earnings for the financial year ended 30 June 2021. Revenue increased by 1% to R1,503-billion (2020: R1,483-billion), at muted organic growth of 1%. The sector and geographic diversification had served the...

SAP Africa appoints Tracy Bolton as COO

Tracy Bolton has been appointed as the new chief operating officer for SAP Africa region. Cathy Smith, MD of SAP Africa, says Bolton has played a crucial role in helping SAP expand its offering to new customers and drive cloud adoption among African enterprises....
Robocall fraud will cost consumers $40bn next year

Robocall fraud will cost consumers $40bn next year

Consumers will lose $40-billion to fraudulent robocalls globally in 2022; rising from $31-billion in 2021, according to a new study from Juniper Research. Fraudulent robocalls pose threats to consumers by encouraging the disclosure of personal information that...