At 60, Altron pivots to focus on platforms, services

As it marks 60 years since its founding, South African electronics giant Altron is looking forward to the next 60 with a fresh focus. Born during the rapid industrialisation boom of the 1960s, Altron has successfully reinvented itself several times in the decades...
Economic concerns send CEO confidence plummeting

Economic concerns send CEO confidence plummeting

Merchantec Capital’s latest CEO Confidence Index recorded a sharp decline from 53.9 points in Q4 2024 to 45.2 points this quarter, marking a substantial dip in sentiment among business leaders, reflecting growing concern over economic growth, industry stability, and...

Global GenAI spend to hit $644bn this year

Worldwide generative AI (GenAI) spending is expected to total $644-billion in 2025, an increase of 76,4% from 2024, according to a forecast by Gartner. “Expectations for GenAI’s capabilities are declining due to high failure rates in initial proof-of-concept...

Cybercriminals target Africa’s $832bn mobile money boom

Africa has emerged as a global leader in mobile money adoption, a financial revolution connecting millions and driving economic growth. Yet this digital frontier has also attracted a surge in sophisticated fraud, threatening to undermine the very foundations of this...

Africa Energy Bank gains momentum

Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB), representing 44% of the minimum required funding from African Petroleum Producers Organisation (APPO) members to initiate the bank’s operations....

Intel Gaudi 3 AI Accelerators now available on IBM Cloud

At Intel Vision 2025, IBM announced the availability of Intel Gaudi 3 AI accelerators on IBM Cloud. The offering delivers Intel Gaudi 3 in a public cloud environment for production workloads. Through this collaboration, IBM Cloud aims to help clients more...