Rent increases ease as tenants weather financial woes

The majority of residential tenants (83%) remained in good standing – paying their rental on time and in full – in the second quarter of 2024 despite constrained finances, according to the latest TPN Residential Rental Monitor. The fact that most tenants continued to...

Average take-home pay at an all-time high

The upward momentum continued in September 2024, as the average salary surpassed the R17 000 mark, the highest level since the inception of the BankservAfrica Take-home Pay (BTPI) series. Recent developments in the economy have given a boost to salary earners and...
African CEOs see GenAI as key challenge, opportunity

African CEOs see GenAI as key challenge, opportunity

Kathy Gibson reports – Generative artificial intelligence (GenAI) is seen as one of the top opportunities and risks for businesses in Africa. This is one of the headline findings of the inaugural KPMG Africa CEO Outlook, which finds that GenAI is seen as a useful tool...

Why it’s hard to safely deliver value from AI

A Gartner survey of 451 senior technology leaders in the second quarter of 2024, found that 57% of CIOs said they are tasked with leading an AI strategy in their enterprise. However, four emerging challenges are making it difficult for CIOs to deliver value with AI....

Government optimism on GenAI outpaced by ability to deploy

Government agencies lag well behind other sectors in the adoption of generative artificial intelligence (GenAI), however, 60% of government respondents believe GenAI will drive innovation – and those that have begun using it are already seeing improvements in...

What kind of salary increase can you look forward to?

South Africans can look forward to an average salary increase of 6% in 2024/2025. This is the word from Dr Mark Bussin, master reward specialist and executive committee member of the South African Reward Association (SARA), who says: “There is a glimmer of hope...