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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...

Finance app usage, revenue on the rise

There is a growing trend in finance app installs in sub-Saharan Africa, reflecting the region’s strides toward economic recovery following a general rise in inflation and macroeconomic instability. This is among the findings a new report from AppsFlyer and Google....

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DFA invests close to R1bn to upgrade network

DFA has invested over R800-million to upgrade and future-proof its national fibre network to address the growing demand for reliable, high-speed internet. DFA is part of the Maziv group, and DFA’s national network delivers connectivity and backhaul for mobile...

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DeepSeek set to drive changes in AI and energy

It’s not just tech stocks that have been impacted by the popularity of the new DeepSeek AI model, energy stocks are tumbling because the new tool requires a fraction of the computing power of competitors. But Nigel Green, CEO of deVere Group says this isn’t a sign of...

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Discovery Bank analyses festive spending

Discovery Bank has released an analysis of its client transaction data during December 2024, highlighting interesting festive spend behaviours. Hylton Kallner, CEO of Discovery Bank, comments: “The December holiday period is known as a time of increased spending. So...

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Hackers shut down SA Weather Service

The South African Weather Services (SAWS) web site (weathersa.co.za) is still down following a cyberattack on the weekend. The agency says its systems went down on Sunday evening (26 January 2025) following a security breach. This was the second attempt in two days,...

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Global data centre energy consumption to rocket

By 2035, IDTechEx forecasts that the continued growth of artificial intelligence will result in over 2000 TWh of energy being consumed by data centres. By Eve Pope, technology analyst at IDTechEx The expected increase in CO2 emissions from powering these new data...

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NTT Data launches Smart AI Agent

NTT Data has announced the international launch of its next-generation Smart AI Agent, which it anticipates could drive up to $2-billion in AI business by 2027. The AI tool is part of the compay’s strategy to accelerate the adoption of generative AI (GenAI). The Smart...

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I3 calls for healthtech innovators

Investing in Innovation Africa (i3), a pan-African initiative to support  African healthtech startups to commercialise and scale their offerings, is calling for leading innovators to join its third  cohort. Funded by the Gates Foundation, MSD, Cencora, Endless...

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Halo Dot achieves PCI MPoC certification

Halo Dot has achieved the Mobile Payments on Commercial Off-The-Shelf (MPoC) certification, awarded by the Payment Card Industry Security Standards Council (PCI SSC) – the irst African-founded SoftPOS vendor to do so. Halo Dot’s SoftPOS solution transforms any...

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