Salaries slowly start returning to normal

The gradual re-opening of the South African economy and its changes to the job market, as well as the movements in the UIF TERS funds, are leading to the slow return of take-home pay numbers. “Over the past months – from hard lockdown to the gradual...

SA’s expanded unemployment rate jumps to 42%

Statistics South Africa (Stats SA) reported on September 29 that employment in South Africa declined by 2,2-million during the lockdown-hit second quarter of 2020. Lullu Krugel, chief economist at PwC Africa Strategy&, and Dr Christie Viljoen, PwC Strategy&...

Search is on for the next fintech unicorn

Applications are open for the next AlphaCode Incubate programme which aims to identify, partner and grow innovative financial services entrepreneurs. Successful applicants will receive funding, guidance from performance coaches and a panel of advisory experts, access...

Why do hackers hack?

The main reason that hackers initiate attacks is to be challenged. This is one of the findings in survey data acquired by Finbold.com, which indicates that about 68% of hackers initiate attacks in order to be challenged. The survey featured over 3 150 respondents from...

CPS to liquidate

Cash Paymaster Services (CPS) will go into liquidation, after a bid to have it placed under business rescue failed. The South African Social Services Agency (Sassa) won’t back down over a debt it is claiming from CPS, making business rescue unlikely to succeed,...

Infrastructure spend for public cloud overtakes traditional IT

According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private...