South Africa’s seasonally adjusted Absa Purchasing Managers’ Index expanded in June as an easing of coronavirus restrictions lifted business activity and sales.
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Finance minister Tito Mboweni said national treasury has no plans to boost income tax, corporate tax or VAT even as the coronavirus decimates the nation’s finances.
South African banks face the steepest earnings slump in half a century – with some posting losses – as measures to curb the coronavirus drag the economy deeper into recession.
South Africa’s seasonally adjusted Absa Purchasing Managers’ Index expanded in May with factories gradually restarting activity as the coronavirus lockdown eased, helping to lift production and sales.
Workers will now be able to work anytime, anywhere, use their own devices and manage their own workloads.
TechCentral speaks to Andrew Baker, chief technology officer for Absa Group, about consistently investing in professional development, the value of serverless computing, and making dog food.
Teraco Data Environments plans to invest R4-billion in Africa to meet rising demand for data as the continent’s governments battle the coronavirus.
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.
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”.