VAT increase reflects tough fiscal choices

The revised approach to VAT increases announced in the delayed Budget speech represents a concession by Treasury while still striving to meet the revenue requirements necessary to offset government spending, sustain public services, and maintain fiscal stability. By...

Budget scales up private sector-driven infrastructure funding

In his 2025 Budget Speech, South Africa’s Finance Minister, Enoch Godongwana, identified infrastructure as a key pillar for the country’s growth strategy. He announced that over R1-trillion will be allocated to infrastructure spending over the next three years,...

Google, YouTube account for 25% of the world’s web traffic

Last year, internet users worldwide spent an average of six hours and 38 minutes per day browsing the web, nearly a third of their waking hours. Smartphones accounted for a massive 95% of total web traffic, while just two websites, YouTube and Google, claimed...

SA needs 2,2m homes to meet demand

South Africa has a housing supply backlog of at least 2,2-million units, with a significant shortage in the affordable housing or “gap market”, according to a recent study by the Centre for Affordable Housing Finance (CAHF). The gap housing market is generally...
Intel appoints Lip-Bu Tan as CEO

Intel appoints Lip-Bu Tan as CEO

Lip-Bu Tan has been appointed as CEO of Intel, effective 18 March. He succeeds interim co-CEOs David Zinsner and Michelle  Johnston Holthaus. Tan will also rejoin the Intel board of directors after stepping down from the board in August 2024. Zinsner will remain...
Financial services seeks true value from AI

Financial services seeks true value from AI

Kathy Gibson reports – The financial services industry is under pressure to quickly adopt artificial intelligence (AI), but needs to ensure that it does so responsibly. There are huge opportunities for the industry to increase innovation and profitability, but there...