LTE, 5G spending set to soar

Driven by increasing demand from branch, mobile, and Internet of Things (IoT) customers, International Data Corporation (IDC) expects LTE routers to experience double-digit growth in 2020. 5G wireless routers will add to this year’s forecast, supported by...

Storage to continue strong growth trajectory

Despite the dramatic decline in worldwide IT spending brought on by the Covid-19 pandemic, International Data Corporation (IDC) expects the Global StorageSphere – the worldwide installed base of storage capacity – will continue to expand. In a new update...

Altron boosts EBITDA and revenue

Altron has announced an increase in EBITDA of 14% to R1,8-billion in the year to end February, while revenue increased 6% to R16,7-billion during the same period. Headline earnings per share from continuing operations were up 2% to 182 cents while basic earnings per...

Datatec anticipates increased earnings

Datatec has published a trading statement for the financial year ended 29 February 2020, alerting shareholders it expects all earnings per share metrics for the period to be more than 20% higher than the reported earnings for FY19. underlying earnings per share is...

Technical assistance to help world tourism recover

The World Tourism Organisation (UNWTO) has released a Tourism Recovery Technical Assistance Package to offer guidance to Member States in response to Covid-19. The package is structured around three main pillars: economic recovery, marketing and promotion and...

SA’s economic transactions at an all-time low

The BankservAfrica Economic Transaction Index (BETI) for April 2020 has recorded the biggest decline in its history across monthly, quarterly and annual levels. “The annual rate of decline was 13,9% in April and on a quarterly basis, it was -15,2%,” says...