Meteoric growth forecast for metaverse in e-commerce market
The global metaverse in the e-commerce market size is anticipated to reach $106,13-billion by 2030 and is projected to grow at a CAGR of 40% from 2024 to 2030, according to new analysis from Grand View Research. The integration of artificial intelligence (AI) and...
Unauthorised IT products increase risk of cyberattacks
A new study has found that companies are at an increased risk of becoming targets of cyber incidents due to the use of shadow IT by their employees amid the growing trend towards a distributed workforce. According to global research by Kaspersky, 82% of companies...
IT security staff spend the most working time on hobbies
The vast majority (90%) of IT security staff in the META (Middle East, Turkey, Africa) region engage in leisure activities during working hours. Typically, these hobbies account for six hours a week, which is an hour more than staff across the company overall,...
Teamwork needed to keep SA from a fiscal crisis
Kathy Gibson reports - The 2021 Budget, tabled on Wednesday (24 February 2021) sent a clarion call for all South Africans - individuals, business and government - to pull together in ensuring the country can recover from the ravages of the past years. During 2020,...
Businesses are crucial gateways for creating inclusive prosperity
The 2021 Budget received a generally positive response from many quarters, which was reflected in a rise in markets on the day. Dumo Mbethe, CEO of Momentum Corporate, says the prioritisation of the vaccination campaign as part of the budget provisions is most...
Budget 2021 from an outside-in perspective
It's not all doom and gloom but government needs to get on with the job, writes David Rees, senior emerging markets economist at global asset manager Schroders. South Africa's Finance Minister, Tito Mboweni, delivered an upbeat budget to parliament on Wednesday....
Australia passes law that platforms must pay for news
The Australian parliament has passed the News Media and Digital Platforms Mandatory Bargaining Code that addresses the bargaining power imbalance between publishers and digital platforms. The code was developed after extensive analysis from the Australian Competition...
Boomers and retirees embrace cryptocurrencies
Baby boomers and Gen X are investing in bitcoin and other cryptocurrencies. The observation from Nigel Green, chief executive and founder of deVere Group, comes from a global poll of clients aged over 55 found that 70% of those surveyed are already invested in digital...
Telco banking rides digitalisation wave
Telcos are the new banks, as telecom service providers in Europe and the US continue venturing into the financial sector. Though mature telco banking endeavors are rare, some operators have identified banking as an opportune avenue for diversification, with differing...
Standard Bank turns to blockchain for cross-border trade processes
Standard Bank Group has partnered with Hedera Hashgraph, an enterprise-grade distributed public ledger, and joined the Hedera Governing Council. Standard Bank will establish the continent's first Hedera network node, which is set to solve some of the sore points that...
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