How can SA plug the ICT skills gap?

Kathy Gibson reports from the IITPSA Workforce Conference – While South Africa records the highest unemployment rate in the world, there is still a dire shortage of critical IT skills. Presenting the IITPSA IT Skills Survey, Lehlohonolo  Mokenela, MD of Africa...

Is talent debt depleting your institutional knowledge?

Organisations cutting costs through workforce reduction to weather tough conditions may be trading a visible saving for an invisible liability that will cost them far more later, warns Advaita Naidoo, Africa MD at executive search firm Jack Hammer Global. “Globally,...

In 2027, AI could account for 20% of all business tech spend

In the coming year, CIOs and CISOs will face growing pressure to realise returns on their AI investments in infrastructure, security, digital sovereignty, and emerging technologies, according to Forrester’s 2027 technology and security predictions. Additionally, with...

Banks expect to hand decisions to AI – even if they can’t explain them

Banks are racing toward a future where AI no longer merely informs key credit, treasury, and risk decisions – it makes them autonomously. Yet AI governance is not keeping pace with adoption, according to new AI risk research by FT Longitude, SAS and Microsoft. Even as...

Digital bank in African first with LEO satellite connectivity

The first bank branch of a South African digital bank has gone live on the Eutelsat OneWeb LEO satellite, connected via Q-Kon's Twoobii Smart Satellite Services. This represents a major milestone for satellite connectivity on the African continent as it's not only a...

After three years on Mars, Ingenuity helicopter mission ends

NASA's history-making Ingenuity Mars Helicopter has ended its mission at the Red Planet after making dozens more flights than planned. While the helicopter remains upright and in communication with ground controllers, imagery of its 18 January flight sent to Earth...

The story behind SA’s unemployment stats

Statistics South Africa (Stats SA) reported on February 23 that employment in South Africa increased by 333 000 in the fourth quarter of 2020. The data indicated that after the country lost 2,2-million jobs in 2020Q2, some 876 000 individuals returned to work or found...

A pre-budget wish list

Averting a prolonged crisis in a South African economy already fragile before the outbreak of Covid-19 will require fiscal relief more directly targeted at individuals, small businesses and local governments, along with greater macro-economic policy coordination, in...

Unemployment reaches record level

South Africa’s unemployment rate of 32,5% is the highest since 2008, with the number of unemployed people increasing by 701 000 to 7,2-million in the fourth quarter of 2020, compared to the third quarter of 2020. This is according to the Quarterly Labour Force Survey...

Maths, science passes down for matric class of 2020

South Africa's 2020 matric cohort recorded a 1,1 percentage point decline from 2019 - but the drop in absolute mathematics and physical science passes over five years has been more pronounced. Percentages hide the fact that the number of matric passes in these two...

5% drop in global smartphone sales

Global sales of smartphones to end users declined 5,4% in the fourth quarter of 2020, according to Gartner. Smartphone sales declined 12,5% in full year 2020. "The sales of more 5G smartphones and lower-to-mid-tier smartphones minimised the market decline in the...

Research confirms music is a must for young drivers

A new study by Ben-Gurion University of the Negev (BGU) researchers resulted in a nearly unanimous response: driving is "absolutely impossible" without music. "To young drivers 18-29 years old, music in the car isn't just entertainment, it's part of their autosphere...

Surge in bitcoin addresses holding $1m or more

The current bitcoin wave has attracted more millionaires as the asset continues to surge. Data from Finbold indicates that at least 109 952 addresses each have a bitcoin balance of about $1-million as of February 22, 2021. About 9 200 of the addresses each have a...

Mustek updates trading statement

Mustek has issued an updated trading statement for the six months ended 31 December 2020, following the earlier announcement that headline earnings per share and basic earnings per share were expected to be at least 135% higher than the corresponding period last year....

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