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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...

Inflation forces migrants to reduce remittances

The WorldRemit Cost of Living index has found that 82% of remittance senders agree that the cost of living for the people who they send money to has risen since the start of the year. Highlighting the impact of inflation on people around the world, almost half (45%)...

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PMI rises for third month

The seasonally adjusted Absa Purchasing Managers' Index (PMI) rose for a third month to reach 53.1 index points in December 2022, slightly up from 52.6 in November. While the headline number is positive, the underlying picture is more mixed. Most concerning was the...

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Global cyberattacks at an all-time high

New data from Check Point Research (CPR) shows that the global volume of cyberattacks reached an all-time high in Q4 with an average of 1 168 weekly attacks per organisation. The top three most attacked industries in 2022 were Education/Research, Government, and...

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ADC enables remote peering via INX-ZA

Africa Data Centres is now offering remote peering through its partnership with INX-ZA. In essence, remote peering is peering at an Internet Exchange without the requirement of being physically present. Customers can use any network service provider's infrastructure...

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