SA GDP growth slows to 0,2%

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South Africa’s economic growth slowed in the third quarter as factory production and trade contracted, complicating the government’s task of boosting output to avoid a possible credit-rating downgrade to junk next year. GDP expanded an

AOL chief hopeful Yahoo deal will still close

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Verizon’s US$4,8bn deal to acquire Yahoo and merge it with AOL has stalled following a widespread hack of 500m Yahoo users. But AOL CEO Tim Armstrong believes the deal will ultimately close. “I’m cautiously optimistic that it will happen

Red flags as audit firms get into IT

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The last few years have seen a rise of advisory and consulting services at today’s largest audit firms. However, despite the trusted status of these firms, such activity may pose risks to audit quality and investor protection in days to come. This issue

Fake news is your fault, not Facebook’s

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Following the shock results of Brexit and the Trump victory, a lot of attention has focused on the role that Facebook might have played in creating online political ghettos in which false news can easily spread. Facebook now has serious political

SA to get Android smartphone plant

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A Johannesburg start-up is set to become the first company to manufacture smartphones in Africa, taking advantage of low costs and growing local demand to build handsets, tablets and other devices based on

Amazon kills the checkout line

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Amazon.com on Monday unveiled technology that will let shoppers grab groceries without having to scan and pay for them — in one stroke eliminating the checkout line. The company is testing the new system at what

Muthambi splashes R1,1m on BMW X5

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R1,1m. That’s how much communications minister Faith Muthambi has splashed out on a brand-new BMW X5 sports utility vehicle. In a document entitled “Additional information on identified virements” for the

The big problem with electric vehicles

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BMW sees no quick way to boost profit from electric cars, with battery capacity and cost set to weigh on the technology for the foreseeable future. “We simply have to walk through the valley of tears” to