Deeper divides for vulnerable economies as tariffs bite

A wave of new import tariffs is set to reshape global trade dynamics and significantly raise trade costs for many developing countries, alerts UN Trade and Development (UNCTAD) in a new data-driven analysis, titled "Sparing the vulnerable: The cost of new tariff...

Africa braces for tariff shocks

As the US imposes higher tariffs with global ramifications, African Development Bank Group president Dr Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a...

Google adds more AI abilities to search

Google has announced new artificial intelligence (AI) features in search, extending AI Overviews to allow users to ask more complex questions in a variety of modes. Elizabeth Reid, vice-president: head of search, outlines in a company blog that AI Mode in Search will...

Consumer spend slows despite economic recovery

The Absa Merchant Spend Analytics Report for Q1 2025 reveals a noticeable deceleration in card spending growth, even as broader economic indicators show signs of improvement. While overall card spending and transaction volumes grew by 7% and 10% respectively in Q1,...

Crypto firms urged to avoid making dot-com era errors

Some major crypto firms need to stop making obvious, avoidable mistakes that destabilise the industry, cause financial chaos for investors, and job losses for workers, says Nigel Green, CEO of deVere Crypto, who adds that some of the biggest players in the market...

Ensuring the safe rollout of 5G networks

The International Air Transport Association (IATA) has urged governments to work closely with the aviation industry to ensure that aviation and incumbent aviation safety systems can safely co-exist with new 5G services. While IATA recognises the economic importance of...

New Commonwealth framework aims to stamp out corruption

Corruption offences cost the global economy around $2-trillion a year. Commonwealth secretary-general Patricia Scotland has outlined a framework to help member countries investigate and prosecute these offences. The Commonwealth Anti-Corruption Benchmarks framework is...

Structural reforms are urgent as SA’s growth drops

Statistics South Africa (StatsSA) reported on June 4 that the South African economy contracted by 3,2% quarter-on-quarter (q-o-q) during the first quarter of 2019 - the biggest decline in 10 years. This resulted in the economy being no larger in 2019Q1 than it was a...

New fintech disrupts SME financing

Although the 2,4-million SMEs in South Africa employ between 60% and 70% of the working population this market experiences a dearth of funding. In fact, there is an $86-billion credit gap for small businesses and, each year, the number of SMEs in the country decreases...

Business travelers demand digital solutions

Tech-savvy business travelers in South Africa are demanding digital solutions and hybrid support delivered throughout their travel experience. This is according to Travelport's 2018 Digital Business Traveler Research which reveals that, in the planning and booking...

Vodacom reduces environmental footprint

Vodacom is investing in energy efficiency and renewable energy, reducing waste and wastefulness, reducing its water footprint and implementing eco-friendly solutions at the core of its operations. In South Africa, the main environmental issues have been described as...

Africa Cup deadline extended

The SA Innovation Summit has extended the deadline for Africa Cup entries to 28 June 2019, giving more entrepreneurs to compete for a total of R8,5-million in investment funding. The Africa Cup is a partnership between the SA Innovation Summit, Africa's biggest...

SA agritech delivers livestock tracking, security

More than R1-billion was lost to the South African agricultural economy in 2018 from livestock theft. According to a study released by University of South Africa (Unisa), there were more than 29 000 cases reported over the last financial year, with thousands of...

Top miners perform, but investors unimpressed

The world's 40 largest mining companies continued to consolidate their stellar performance of the past several years by delivering steady growth in 2018 according to PwC's Mine 2019 report released today. As a group, the Top 40 increased revenue by 8%, buoyed by...

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