Tech sector navigating layoffs while riding the GenAI wave

The tech industry is witnessing substantial changes in 2024, including layoffs by big companies like Google, Amazon, and Meta. This trend started last year, affecting over 191 000 employees due to factors like post-Covid-19 pandemic adjustments and a focus on emerging...

Logistics sees surge in African investment

Nearly 62% of global logistics professionals say their companies are planning additional or first-time investments in Africa. This is according to a survey of 830 logistics executives that forms part of the 15th annual Agility Emerging Markets Logistics Index, a...

META ICT spend to top $238bn in 2024

Overall spending on information and communications technology (ICT) across the Middle East, Türkiye, and Africa (META) will top $238-billion this year – an increase of 4,5% over 2023 – according to the latest predictions from International Data Corporation...
$10bn slump expected in IT devices

$10bn slump expected in IT devices

After reaching a record $730-billion in sales revenue in 2021, the global demand for IT devices including desktop PCs, laptops, tablets, and smartphones has been shifting back and forth – and although the market significantly recovered after a massive 2022 sales...
Caution urged as Multichoice/Canal+ saga continues

Caution urged as Multichoice/Canal+ saga continues

The Takeover Regulation Panel (TRP) is urging shareholders to exercise caution in responding and/or reacting to the various statements from both Multichoice and Groupe Canal+. Yesterday (5 February), Multichoice released SENS statements about its rejection of a buyout...