Despite headwinds, SA CEOs remain resilient
Kathy Gibson reports - Every year it seems that business confronts more uncertainty - and this doesn't look like this will be going away any time soon, or deter them. This is the word from Ignatius Sehoole, CEO of KPMG, presenting the 2023 CEO Outlook this morning....
Critical enterprise apps set to move out of public cloud
Through 2027, 50% of critical enterprise applications will reside outside of centralised public cloud locations, says Gartner. As cloud computing markets and data centre infrastructure evolve, and interest in migrating workloads grows, many enterprises struggle to...
ITU’s Connect2Recover will aid African countries post-Covid
The International Telecommunication Union (ITU) has launched Connect2Recover with the support of the Ministry of Internal Affairs and Communications of Japan and the King Salman Humanitarian Aid and Relief Centre of Saudi Arabia to help countries recover from Covid-19...
SA inches up economic freedom rankings
South Africa has improved its economic freedom ranking, rising to 90th out of 162 countries and territories, compared to 101st last year. The Economic Freedom of the World: 2020 Annual Report was released by the Free Market Foundation in conjunction with Canada's...
Business confidence edges up
The Bureau for Economic Research (BER) reported on 9 September that South African business confidence improved in the third quarter - though remained very pessimistic. By Lullu Krugel, chief economist for PwC Strategy Africa, and Dr Christie Viljoen, PwC Strategy&...
SA’s Luno snapped up by global blockchain investor
South African-founded cryptocurrency exchange Luno has been acquired by Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies. Luno began in South Africa in 2013. It now has 5-million customers spanning over 40...
Alviva expects lower earnings for 2020
Alviva Holdings has issued a trading statement warning stakeholders of significantly lower earnings for the year ended 30 June 2020. Headline earnings are expected to be 52% to 58% lower than last year, down from R426-million to between R180-million and R205-million....
Cheques to be phased out by year-end
The South African banking industry is phasing out the use of cheques, and will stop honouring cheques issued from 1 January 2021. Standard Bank tells customers that the use of cheques has declined significantly as consumers shift to digital payments. "In response, and...
Companies lag in work from home security
More people than ever are working from home, but companies have so far failed to increase their security training and awareness. As of mid-February, about 4,7-million US employees were working remotely, with social distancing measures introduced in March causing that...
70 000 used cars to choose from on Gumtree
South African vehicle sales may be down by nearly one-third compared to winter 2019, but the market for used cars is growing, with South Africa's most perennially popular brands leading the virtual sales lot, according to Gumtree.co.za. Recent Wesbank data suggests...
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