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...

Mankind’s first journey to another star set for 2029 launch

Plans are underway for mankind’s first journey to another star – a trip that is expected to take about 80 000 years. The Fermi Explorer Mission, a nonprofit organisation, hopes to set off for Alpha Centauri by 2029. The more than 40-trillion kilometre journey is...

IT spend will breach $7trn for the first time in 2027

Worldwide IT spending is expected to reach $7,35-trillion in 2027, up 15% from 2026, according to the latest forecast by Gartner. “Collectively, the market forces are reinforcing spend around AI infrastructure, AI-enabled cloud platforms, and advanced software...

As African CEOs embrace AI, ROI is still elusive

By Kathy Gibson - African companies are in the middle of learning and adopting artificial intelligence (AI), and adapting to the changes it brings. But they are also looking beyond adoption at how to measure value from their AI investments, says Ladi Asuni, partner...

FMF urges clarity on electricity reform

The Free Market Foundation (FMF) is calling on government to speed up the process of detailing and gazetting President Ramaphosa's June announcement regarding the lifting of the threshold for companies to produce their own electricity without a licence, up to 100 MW....

Sipho Maseko to leave Telkom

Sipho Maseko will step down as group CEO and executive director of Telkom and its subsidiaries on 30 June 2022. A designate group CEO will be announced soon and Maseko will ensure an orderly transition for the remainder of his tenure. Maseko joined Telkom on 1 April...

Chinese conglomerate buys Ingram Micro

Ingram Micro, the world’s biggest IT distributor with annual revenues of about $47-billion, is to be acquired by Chinese logistics operator Tianjin Tianhai for $6-billion. Shanghai-listed Tianjin Tianhai is a subsidiary of the HNA Group, a conglomerate encompassing...

Government must enable economy to drive job creation

With an unemployment rate of 25,5%, rising to 50% among young people, joblessness is rightly seen as a national issue - and a political hot potato. The South African Institute of Professional Accountants (SAIPA) urges the Minister of Finance to use the budget to...

IT spend set to stagnate

Worldwide IT spending is expected to post a major slowdown in 2016, as economic weakness in emerging markets and saturation of the smartphone market combine to result in a significantly slower pace of tech spending growth compared to the past six years. Having posted...

SA users take to online, mobile shopping

Online shopping in South Africa is expected to reach R37-billion this year, according to a global survey that sheds light on local consumer shopping habits. The survey, conducted by Ipsos and released by PayPal, shows that South African shoppers spent an estimated...

Young talent emerges in under-40s execs

Despite transformation still lagging in the top echelons of South Africa's Top 40 companies, a recent report indicates there is an emerging pool of leadership talent among executives under 40. According to the results from the latest Jack Hammer Executive Report,...

SA still in good shape for investments

While the deal pipeline has slowed in the past year, business law firm Cliffe Dekker Hofmeyr (CDH) says that, notwithstanding the current volatility, there are opportunities for investors who take a longer-term view. "The weakness in the currency is not all negative...

Blockchain technology goes on trial in Japan

IBM and Japan Exchange Group (JPX) will test the potential of blockchain technology for use in trading in low transaction markets. Blockchain is an emerging digital technology that has the potential to enable securities trading organizations to significantly reduce...

India’s mobile subscriptions pass 1bn milestone

Towards the end of 2015, India reached 1-billion mobile subscriptions, joining its northerly neighbour China by becoming only the second member of the 1-billion club. In a new forecast report produced by Ovum, it was found that comparisons were inevitable, though...

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