South Africans still excluded from financial services

Kathy Gibson reports – The South African financial market is a paradox in that a majority of people have bank accounts, but 80% of them don’t have access to financial services. Khulekani Mathe, head of financial inclusion at the Banking Association South...
Expect a surge in coastal flooding, says NASA

Expect a surge in coastal flooding, says NASA

High-tide floods – also called nuisance floods or sunny day floods – are already a familiar problem in many coastal cities. The National Oceanic and Atmospheric Administration (NOAA) reported a total of more than 600 floods in US coastal towns in 2019....

Bad debt increases by 26% – Gartner

A Gartner analysis of 796 financial statements reveals that provisions and write-offs of bad debt increased from $9,750-million in 2019 to $12,262-million in 2020 — a 25,8% increase. The standard approach to determining receivables risk underestimates the risk...

Gartner identifies four types of tech buyers

Seventy percent of global technology buyers are exploring more ways to purchase technology this year, however vendor engagement strategies continue to underdeliver when it comes to meeting tech buyer expectations, according to a survey by Gartner. “Technology...

Top maths and computer science boffin graduates at 19

Kialan Pillay is graduating with a first class bachelor’s degree in computer science and mathematical statistics from the University of Cape Town (UCT) at just 19 years old, having finished his high school career as the top matriculant in KwaZulu Natal at just...
SAIGA says proper financial systems could have saved wasted R26bn

SAIGA says proper financial systems could have saved wasted R26bn

The Southern African Institute of Government Auditors (SAIGA) has described the latest general report on local government audit outcomes – which shows that local government finances have reached R26-billion in irregular expenditure in the 2019-20 financial year...