172 The Reserve Bank usually follows the US Fed’s decision on the repo rate. The Fed opted to leave interest rates unchanged on Wednesday. The South African Reserve Bank (Sarb) opted not…
Category: Business
Chip shortage will get worse, Samsung warns
155 Samsung chip factory complex in South Korea Samsung Electronics forecast a worsening chip shortage this year driven by the AI boom, with strong memory demand benefitting its mainstay chip business but…
Warning that food insecurity in SA is worsening and children are most affected
157 Imagine your food cupboards are empty and your children are hungry. This is the reality of about 18 million people in South Africa every day. Although the more affluent consumers in…
Cloud adoption the weak link in SA’s digital government push: Microsoft
163 Microsoft South Africa CEO Vukani Mngxati Microsoft South Africa CEO Vukani Mngxati believes government is missing out on the opportunities presented by the AI revolution because cloud adoption in the public…
Woolworths’ online momentum builds
163 Woolworths South Africa’s online channels continued to grow robustly over the past six months, with digital sales making an increasing contribution to the retailer’s overall performance despite a constrained consumer environment….
Wonga South Africa’s fintech innovation helping to revive financial confidence
196 Once embroiled in controversy, Wonga South Africa rebuilt itself through customer-focused innovation, responsible lending, and resilient leadership. Innovation in technology is growing faster literally by the day, and if you are…
Canal+ eyes billions of rand in cost savings from MultiChoice deal
154 Canal+ expects to generate more than €400-million (R7.5-billion) in annual earnings “synergies” from its acquisition of MultiChoice Group, underlining the strategic importance of Africa to the French media group’s long-term growth…
South Africa’s new economic divide
192 Smartphones are no longer luxury gadgets or discretionary choices. They are a prerequisite for participation in the digital economy. Yet for millions of South Africans, suitable devices are financially out of…
Is Barrs’ medication safe? Company faced regulatory scrutiny before ARV tender
169 A source close to the matter told The Citizen that Barrs’ management informed staff that an inspection revealed ‘critical findings’. After Barrs Pharmaceuticals, a subsidiary of Avacare Health, received a tender,…
Nedbank CIO Ray Naicker resigns
204 Nedbank CIO Ray Naicker Nedbank Group has announced the resignation of its group chief information officer, Ray Naicker, with effect from Friday. Naicker, who is also a member of Nedbank’s group…