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Editor’s update

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Africa’s middle class is booming. A Standard Bank study made headlines this week as it recorded a 230% growth in the number of middle-class households in the top 11 economies of sub-Saharan Africa. This is cause for optimism among investors, as a strong middle class is an indicator of a growing economy. On a local level, the Johannesburg Roads Agency (JRA) has reported that vandalism and theft of Johannesburg’s road infrastructure has cost R57,46-million in the last year. The M1, M2 and Soweto highways are hardest hit and everything – from manhole covers to signage – is targeted, hindering road safety and mobility – the key drivers of economic development.

Pinnacle this week addressed the market rumours surrounding the company in an effort to reassure shareholders and investors. The company referred to the charges of bribery that have been brought against executive director Takalani Tshivhase. Also in the news, a Kaspersky Lab security analyst hacked into his own living room to isolate devices vulnerable to cyber-attacks.

And finally, InterContinental Hotels Group (IHG) surveyed 10 000 travellers across 13 countries and discovered that the must-have item for a summer holiday is a smartphone. It has not only replaced the traditional postcard, but traditional maps too – making our vacations that much smarter.

Until next week,

The IT-Online team