Revenue to hit $1bn as quantum breakthroughs advance

Worldwide, quantum computing revenue is projected to total $1,1-billion in 2027, according to Gartner. “Nations and businesses have scaled spending in quantum literacy, patents, partnerships, and early use-case exploration,” says Gaurav Gupta, vice-president analyst...

Fuel price shock will hit supply chains hard, driving prices up

South Africa’s latest fuel price increase will put fresh pressure on already strained supply chains, says supply chain industry body SAPICS. The organisation warns that the cost impact is likely to extend far beyond the transport sector and into consumers’ pockets at...

SA must put jobs at the centre of its AI future

South Africans are embracing AI, but turning that appetite into economic opportunity will require trained educators, reliable Internet, affordable access, recognised skills pathways, scaling of existing financing models, and investment in the country’s own languages,...

SA’s data centre boom starts to raise questions

South Africa’s rapidly expanding data centre sector is highlighting a fundamental gap in how the country plans and regulates major digital infrastructure: there is no comprehensive public record of how many facilities are operating, where they are located, or how much...

Mindful consumers drive changes in Black Friday trends

Nedbank has identified a small number of significant trends in consumer spending behaviour during the recent Black Friday period, which it says not only point to the continuing evolution of South Africa's retail landscape, but also to a greater awareness by South...

Green entrepreneurs invited to apply for Anzisha Prize funding 

The Anzisha Prize, the biggest award on the continent for very young entrepreneurs aged 15 to 22, has announced the opening of applications for its upcoming funding cycle. This time, the focus is on green entrepreneurs who combines innovation and sustainability, and...

Black Friday, Cyber Monday 2020 were online hits

Online transactions on Black Friday and Cyber Monday 2020 fared slightly better than in previous years as more South Africans chose to do their bargain hunting from the web. 3D-Secure, BankservAfrica's online card authentication service (i.e. transactions that require...

Oliver Fortuin is new group CEO at Seacom

Byron Clatterbuck, who joined Seacom in 2012 as its chief commercial officer and became group CEO in February 2015, has resigned and will be ending his tenure with the company on 31 March 2021. Pieter Uys, chairperson of Seacom, comments: "Mr Clatterbuck has been...

Transactions flat in November, signalling a bleak December

The BankservAfrica Economic Transactions Index (BETI) fell flat in November 2020, suggesting lower economic growth for Q4 2020, which may lead to reduced spending over the December holiday break. "The BETI was 121.8 in November 2020, which represents a 0,1% monthly...

Strong growth for PCD sales in MEA

The Middle East and Africa (MEA) personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations, and tablets, saw shipments increase an impressive 23,5% year on year during Q3 2020, according to industry analysis conducted by...

South Africans turn to online services

A survey of Internet users across 12 countries shows that, in South Africa, the Covid-19 pandemic has brought about a huge increase in the use of the Internet for vital services. Nearly seven in ten (69%) South African Internet users who were surveyed have turned to...

Final deliverable of 5G Architecture Framework published

The Next Generation Mobile Networks (NGMN) Alliance has announced the latest requirements for a 5G End-to-End (E2E) Architecture Framework. The new framework aims to advance the 5G ecosystem to enable heterogenous access, virtualisation, autonomic capabilities,...

Vigilance urged as truck hijackings spike

An alarming increase in truck hijackings has raised a red flag for fleet owners to be extra vigilant over the festive season. The national crime statistics for the July to September 2020 period recently released revealed that there has been a 32% increase in truck...

How are businesses reacting to Covid?

A majority (55%) of businesses expect the Covid-19 recovery to be a U-shaped curve: an extended period of recovery with previous growth levels only achieved when Covid is under control. However, 20% of businesses polled by Mindworx saw an L-shaped curve, expecting...

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