CFOs under fire as EBITDA margins shrink
By 2027, weak demand and rising costs will shrink earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins by more than 30% relative to 2022, according to Gartner. Most corporations will find it tougher to attain growth through 2026 as elevated...
Flexible payments, cloud drive B2B e-commerce growth
The global business-to-business (B2B) e-commerce market size is projected to reach $57,57-trillion by 2030, registering a CAGR of 18,2% from 2024 to 2030, according to a new study by Grand View Research. Businesses are advocating for more efficient purchase processes...
Huawei commits to cloud business in SA
Kathy Gibson reports - 2020 was a tough year for Huawei as US sanctions took their toll, but the company still managed to grow its business. This is the words from Stone He, president of Huawei Cloud (Southern Africa), who adds: "We have already built our Plan B - we...
Interpol joins fight against tech-enabled abuse
The International Criminal Police Organisation (Interpol) is set to enhance the ability of the global law enforcement community by allowing them to investigate the use of stalkerware, and support victims who require assistance. Monitoring someone through their phone...
Inflation increases as fuel prices rise
Statistics South Africa (Stats SA) reported on April 21 that consumer price inflation increased from 2,9% y-o-y in February to 3,2% y-o-y in March. Lullu Krugel, chief economist for PwC Strategy& Africa, and Dr Christie Viljoen, PwC Strategy& economist, unpack...
Tecno Mobile tops handset brands in Africa
Chinese smartphone brand Tecno Mobile has been named as the top smartphone brand in Africa. Counterpoint Research's Market Monitor service announced this week that the Transsion Holdings-owned brand's successful launch of handset models in the affordable segment and...
Public cloud spend set for major growth in 2021
Worldwide end-user spending on public cloud services is forecast to grow 23,1% in 2021 to total $332,3-billion, up from $270-billion in 2020, according to the latest forecast from Gartner. "The events of last year allowed CIOs to overcome any reluctance of moving...
Fraud attempts in SA on the rise
Since the Covid-19 pandemic began, fraudsters in South Africa are increasing their digital schemes against businesses. In addition, TransUnion's latest quarterly Global Consumer Pulse Study found that 37% of South African consumers have recently been targeted by...
Cryptomining attacks rocket in 2020
Cryptomining malware accounted for the second-largest corporate network attacks at 21% between 1 January 2020 and 31 December 2020, according to data acquired by cryptocurrency trading simulator Crypto Parrot. Botnet took the pole position during the same period at...
Pandemic drives 370% increase in Zoom revenues
Zoom's revenues skyrocketed last year as global demand for online meeting solutions soared amid Covid-19 lockdowns. Although the popular video conferencing platform generated impressive revenue through its fiscal year 2021, the year's final quarter set a new record....
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