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.
Browsing: Absa
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”.
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.