Business activity in South Africa’s manufacturing industry fell to a record low in April, when a nationwide lockdown aimed at curbing the spread of the coronavirus pandemic brought output to a near standstill.
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Vodacom is suing Absa for losses of at least R1.2-billion it claims it incurred due to an alleged unauthorised payment from the operator’s accounts to Tanzania’s tax agency last year. It’s also demanding R4.3-billion under a guarantee signed between the parties.
Promoted | IT leaders from major South African organisations exchanged ideas, pain points and advice recently at a TechCentral CIO Perspectives Roundtable, sponsored by SUSE, to discuss “using the cloud for business survival”.
Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts weighed on confidence.
Power shortages cost South Africa as much as R118-billion last year, a drain on the economy that’s set to continue for two to three years unless urgent action is taken, a new study has found.
Less than a month into 2020, South African companies have already announced thousands of job cuts. In a country where a third of the labour force is already unemployed, this will put even more strain on economic growth.
The skills crisis in the cybersecurity field in South Africa is so severe that the major banks have reached a “gentleman’s agreement” not to poach each other’s staff for fear of exacerbating the situation.
South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920.
South African manufacturing industry sentiment slid back into contraction in August, signalling the surprising recovery in July was unsustainable.
First National Bank and Capitec have tied for the title of South Africa’s best digital bank in research agency Columinate | Insight Consulting’s latest SITEisfaction survey.