Former IBM chief executive officer and chairman Lou Gerstner. Former IBM chief executive officer and chairman Lou Gerstner has died at the age of 83. Current IBM chairman and CEO Arvind Krishna informed employees of Gerstner’s death in an e-mail circulated yesterday. “I am saddened to share that Lou Gerstner, IBM’s chairman and CEO from…
The banking, financial services and insurance sector is navigating an unprecedented convergence of economic and regulatory pressures. Rising cost-of-living pressures, household cash-flow stress, regulatory expansion and new risks linked to climate, fraud, conduct and geopolitical volatility all converge to create a perfect economic storm. Socio-political shifts mean that customers now expect greater transparency, demonstrable concern…
Sylvester Tafirenyika ,co-founder of RoyalTech AI Labs. As artificial intelligence (AI) increasingly shapes decision-making in healthcare, its real impact depends on how well it supports clinicians on the front lines. Behind the algorithms are individuals focused on ensuring technology simplifies care rather than adding complexity. One of them is Sylvester Tafirenyika, an AI and machine-learning…
Fred Zhou, CEO of Honor South Africa. (Photograph by Lesley Moyo) Chinese smartphone brand Honor is celebrating selling over one million units in South Africa’s tightly-contested market. Fred Zhou, CEO of Honor in South Africa, tells ITWeb via e-mail that reaching over one million units in sales this year is a clear indicator of the…
Nedbank has announced some changes to its board of directors. Big-four bank Nedbank has appointed IT gurus to its board of directors’ Group IT Committee. In a statement yesterday, Nedbank announced that Dixit A Joshi, Natasha Davydova and Sanat Rao have been appointed as independent non-executive directors with effect from 15 January 2026. Joshi will…
Netflix has taken a small but significant step into the world of African sports entertainment with the launch of its first-ever daily highlights show for the Africa Cup of Nations (Afcon) football tournament. While the programme stops well short of live match streaming, it underlines a clear strategic direction: sport is becoming an increasingly important…
The Competition Commission has approved a deal that will see Open Access Data Centres expand its local footprint through the acquisition of a portfolio of data centre facilities from NTT Data – subject to public-interest conditions. The transaction involves Open Access Data Centres, through its subsidiaries OADC Propco and OADC Opco, acquiring certain data centre…
Koos Bekker Naspers and Prosus chairman Koos Bekker has sold shares in both companies worth about R2.5-billion over three trading days, according to regulatory disclosures. Filings published by Naspers and its European-listed subsidiary, global consumer technology investor Prosus, show that a family trust linked to Bekker disposed of shares in the two companies between 17…
The Competition Tribunal has approved the sale of Herotel to Vumatel, but only subject to an extensive set of conditions aimed at safeguarding competition. The decision clears the way for Vumatel, which is already a shareholder in Herotel, to acquire full control of the business. Vumatel, a subsidiary of Maziv, is South Africa’s largest fibre-to-the-home…
2025 marked a turning point for Cell C, says the company. 2025 marked a turning point for Cell C, with the operator focusing on stabilising its business, strengthening network partnerships and refining its strategy in a highly competitive mobile market. In an e-mail interview with ITWeb, Cell C CEO Jorge Mendes says: “We returned to…
