Oil economies gear for higher prices

Overall, activity in the oil and gas industry across the African continent has slowed in the wake of the declining oil price in late 2014.“While the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are...

Chinese currency payments on the rise

Recent SWIFT data shows that the number of South Africa’s Renminbi (RMB) payments increased by 33% over the last 12 months and by 191% over the last two years. In June 2015, 31,3% of direct payments value between South Africa and China/Hong Kong were in RMB versus...

US defence spending set to rise

Annual information technology spending at the US Department of Defence (DoD) has decreased a total of -14,4% in the past three years. But fiscal year 2016 is on track to see a slight increase (up 1,6%) in DoD IT spending. A new IDC Government Insights report, US...

40% increase in malware attacks

More than 225 000 new malware strains were identified per day in the first quarter of the year, with peaks reaching 500 000, according to research by PandaLabs. This record-breaking figure represents a 40% increase over the first quarter of 2014 and, at 205 000 new...

Vehicle crime on the rise

Crime rates in South Africa are expected to continue their upward climb as economic and social conditions deteriorate. This is a trend that is already being evidenced in the sharp climb in truck and car hijackings. As economic growth contracts, unemployment figures...