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Editor’s update

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Dear reader

South Africa’s economy was in the headlines this week as Johann Els, senior economist for Old Mutual Investment Group, indicated that glimmers of hope are starting to undermine the more negative perceptions plaguing the local economy. Although local growth is struggling under the burden of issues such as electricity shortages, commodities under pressure and a weak rand, positive signs, such as an improving trade deficit and inflation figures, could be slightly buoying the economic outlook.

Also in the headlines this week, Amazon announced that it is expanding its services in South Africa, opening a new office in Johannesburg and planning to hire 250 new skilled staff over the next 12 months. The new Amazon Web Services Office in Johannesburg complements the existing development centre in Cape Town, which has been operational since 2004. The company already supports a number of South African customers of all sizes, from start-ups to enterprises and public sector operations. Meanwhile, Grant Bodley has been appointed as CEO: Middle East & Africa (MEA) at Dimension Data. Derek Wilcocks, the current CEO of Dimension Data MEA, and Sean Joubert, current MD of Dimension Data MEA, will both be taking up executive positions within the global group. All appointments are effective 1 October 2015.

And finally, Absa has partnered with Planet Payment and CyberSource to implement Shop in Your Currency, Planet Payment’s multi-currency pricing solution, in South Africa. The solution allows retailers to localise their e-commerce offering and simplify the shopping experience for international customers.

Until next week,

The IT-Online team