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Chip stocks to stay wild

Wild swings in global chip stocks are likely to continue until markets know where US interest rates are heading and who controls Congress after the midterms. This is the warning from Nigel Green, CEO of deVere Group as the turmoil spread from Wall Street to Asia on...

Ampath confirms hack, but disputes theft of 80m patient records

Ampath, one of the country’s biggest pathology labs, has confirmed that it has been the victim of a cyberattack, but has issued a statement clarifying the claim by hackers that “80-million patient records” have been stolen. The company says it has contained the...

Smartphone shipments tank, with worse to come

The global smartphone market shrank 22.0% year-on-year to 255,3-million units in the third quarter of 2026 (3Q26), according to the preliminary data from IDC Research (IDC) Worldwide Quarterly Mobile Phone Tracker, Shipments tanked 22% year-on-year (YoY) in 3Q26,...

Google funds UCT to accelerate AI platform

The University of Cape Town (UCT) has secured $1,6-million (approximately R26,4-million) from Google.org to develop an artificial intelligence (AI)-powered platform that could help doctors make safer, more effective treatment decisions for African patients by mapping...

Positive trends for IT distribution revenues

In the fourth quarter of 2024,  Distributor Revenues grew 2,3% year-over-year, landing at $21,4-billion, but this solid end to the year was not enough to outweigh weaker sales in earlier quarters, and 2024 ended down 1,1% year-over-year according to the International...

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Global air passenger demand hits record high

The International Air Transport Association (IATA) released 2024 full-year and December 2024 passenger market performance showing record high demand. Total full-year traffic in 2024 (measured in revenue passenger kilometers or RPKs) rose 10,4% compared to 2023. This...

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Ethernet campus switch revenues set to bounce back

According to a recently published report by Dell’Oro Group, 2024 was a difficult year for Ethernet Campus Switch sales, with a 20% contraction compared to record revenues in 2023. The market is expected to rebound in 2025 and beyond, fueled by refresh cycles and WiFi...

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ACSA reports a good festive season

Airports Company South Africa (ACSA) is proud to report a highly successful performance during the 2024 peak travel period, recording a 91% recovery to pre-pandemic levels and a 5% year on year increase in total passenger traffic. Marking the culmination of a bustling...

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