AI infrastructure spend on track to pass $100bn

AI infrastructure spend on track to pass $100bn

The global artificial intelligence (AI) infrastructure market is on track for unprecedented growth, poised to surpass $100-billion in spending by 2028, according to the latest findings from the International Data Corporation (IDC) Worldwide Semiannual Artificial...

Slight downturn for take-home pay

The upward momentum reflected in average salaries over the past months slowed marginally in October 2024, according to the BankservAfrica Take-home Pay Index (BTPI), which tracks the average nominal take-home pay among an estimated 4-million salary earners in South...

Manufacturer confidence at two-year high

Confidence levels among local manufacturers increased by a healthy 8 points to reach 36 index points during the fourth quarter – the highest level since the first quarter of 2022. According to the Q4 Absa Manufacturing Survey, production, domestic and export sales, as...

Data centres drive big jump in IT spend

The surging demand for cloud computing, increased data volumes, and the widespread use of AI technologies have helped the data centre market not only to recover from the 2023 slowdown but to hit record highs. According to data presented by AltIndex.com, global...

FMF urges monetary policy reform

The Free Market Foundation (FMF) has called on South Africa’s Government of National Unity (GNU) to urgently adopt a broad agenda of sound money reforms to reverse decades of economic decline and to restore prosperity. This follows the release of its latest policy...

Tech delivers on human-centric work

By 2025, 60% of enterprise organisations will adopt a responsible AI framework for their HR technology and achieve greater employee experience and trust in the organisation, according to Gartner. With this rapid adoption of AI, the Gartner Hype Cycle for HR...