African smartphone market picks up
Newly-released data from IDC's Worldwide Quarterly Mobile Phone Tracker shows that Africa's smartphone market saw shipments grow 7,6% year on year (YoY) in Q2 2023 to total 19,6-million units. This growth follows seven quarters of continuous YoY decline. Among...
These industries will lead ICT spending growth
Worldwide spending on information and communications technology (ICT) reached nearly $4,7-trillion in 2022 and, after a slightly slower 2023, is forecast to grow steadily through 2027 with a 5,7% compound annual growth rate (CAGR), according to the latest update to...
5G’s impact on global GDP over $7,5trn
By 2030, 5G's impact on the global GDP will be over $7,5-trillion - compared to the $5,1-trillion 4G contributed in 2019. This is according to Dimitris Mavrakis, research director of ABI research, who says new 'G' technologies have historically offered major benefits...
Apple announces Mac transition to Apple silicon
Apple has announced it will transition the Mac to its own custom silicon. Developers can now get started updating their apps to take advantage of the advanced capabilities of Apple silicon in the Mac. This transition will also establish a common architecture across...
Supplementary budget tax revenue targets may be unrealistic
On Wednesday (24 June), Finance Minister Tito Mboweni presented the supplementary budget in response to emergency measures taken to combat the Covid-19 pandemic. According to Ettiene Retief, chairman of the National Tax and SARS Committee at the South African...
Consumers drive print market, but business renewal is coming
In May 2020, the consumer print market dominated (inkjet MFPs continued to shine, with sales driven by low-cost consumer models), and business spend continued to suffer, according to the latest data from Context. "The shift towards consumer sales has been dramatic and...
Blair believes UK likely to limit Huawei on 5G networks
Kathy Gibson is at Reuters Newsmaker virtual event – The UK will likely opt to support the US in its stance on Huawei and limit the Chinese vendor’s involvement in building 5G networks in the country. This is the word from Tony Blair, executive chairman of the Tony...
No surprises, limited relief for struggling businesses
Finance Minister Tito Mboweni did not offer many surprises in his supplementary budget today, which aims to rebalance government spending and create a framework for economic growth in the post-Covid landscape. By Yolandi Esterhuizen, registered tax practitioner and...
Budget outlines significant challenges, but few solutions
Finance Minister Tito Mboweni's 2020 Supplementary Budget Speech clearly emphasised the dire situation facing the National Treasury. Unfortunately, it did not offer much detail about how it expects to actively raise revenue and reduce expenditure to address the...
Brace for deepest recession in 90 years
South Africa can expect a deep recession this year - as bad as any in the last 90 years. Finance Minister Tito Mboweni delivered his Supplementary Budget Speech 2020 to (a virtual) Parliament yesterday (June 24). Lullu Krugel chief economist for PwC Strategy&, and...
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