Smartphones grow, but slowly

Global sales of smartphones to end users totalled 403-million units in the fourth quarter of 2015, a 9,7% increase over the same period in 2014, according to Gartner. However, this was their slowest growth rate since 2008. In 2015 as a whole, smartphone sales reached...

Sharp decline in tablet sales

According to figures published by International Data Corporation (IDC), in the last quarter of 2015 over 14-million tablets were shipped to Western Europe as the market volume declined 10,1% year over year (YoY). In value terms, however, the decline was only 1,8% YoY,...

SAPIA calls for retirement reform certainty

The South African Institute of Professional Accountants (SAIPA) has expressed concerns that the government has once again agreed to postpone the compulsory annuitisation of provident fund savings on retirement, which are to come into effect on 1 March 2016. “In...

Security concerns affect banks’ reputation

Data and online security practices of banks are a key concern for consumers when deciding who to entrust with their personal data and transactions. A recent survey of over 11 000 consumers commissioned by Kaspersky Lab found that 71% of the respondents in South Africa...

Chinese conglomerate buys Ingram Micro

Ingram Micro, the world’s biggest IT distributor with annual revenues of about $47-billion, is to be acquired by Chinese logistics operator Tianjin Tianhai for $6-billion. Shanghai-listed Tianjin Tianhai is a subsidiary of the HNA Group, a conglomerate encompassing...

Government must enable economy to drive job creation

With an unemployment rate of 25,5%, rising to 50% among young people, joblessness is rightly seen as a national issue – and a political hot potato. The South African Institute of Professional Accountants (SAIPA) urges the Minister of Finance to use the budget to...