Take-home pay, private pensions slowed in October

After three consecutive months of increases, the BankservAfrica Take-home Pay Index (BTPI), which measures the average nominal take-home pay among about 4-million salary earners in South Africa, showed a slight downturn. “The nominal average take-home pay was R15 535...

Enterprise IT budgets are on the increase

Omdia’s 10th annual IT Enterprise Insights study has revealed that IT has become one of the main drivers of value to an enterprise, with almost three-quarters (74%) of respondents confirming increases to their overall budget allocated to enterprise IT in 2023...

SA corporate social investment grows to R11,8bn

South African companies spent an estimated R11,8-billion on corporate social investment (CSI) in the 2023 financial year, according to corporate responsibility consultancy Trialogue’s latest research findings. The spend reflects an 8% nominal and 1% real...

Intel Granulate in Databricks partnership

Intel Granulate, Intel’s flagship software performance offering, has announced a new collaboration with Databricks to merge Intel Granulate’s autonomous, continuous optimisation solutions with Databricks’ robust Data Intelligence Platform under the...

Smart streetlights market beaming

The installed base of smart streetlights amounted to 23-million globally at the end of 2022, according to a new research report from IoT analysts, Berg Insight. Growing at a compound annual growth rate (CAGR) of 22,7%, the installed base will reach 63,8-million by the...

Manufacturing sentiment improved in a tough Q4

Confidence in the manufacturing sector has improved slightly to 26 points – the highest level seen in 2023, as shown by the Q4 Absa Manufacturing Survey. Although trading conditions remained tough, manufacturers noted an overall improvement in business conditions (up...