US software shares tumbled on Thursday as fears over disruptions from advances in AI returned to the forefront following a recent update from Anthropic. Investors have dumped the sector’s stocks this year on worries that AI tools that are capable of automating human tasks could pose an existential threat to the industry. The broader S&P…
R2R encompasses the entire financial close cycle – from recording transactions to reporting financial results. (Image: MoData) South African businesses are under pressure to deliver financial results faster while maintaining absolute accuracy and compliance. In industries like financial services, retail, telco and gaming, the volume and complexity of transactions have soared, making manual spreadsheet-based reconciliations…
Optasia CEO Salvador Anglada Optasia has secured US$330-million (R5.4-billion) in refinanced and upsized debt facilities, with Standard Bank acting as joint mandated lead arranger and underwriter in a deal that deepens the banking group’s relationship with the JSE-listed fintech. The facilities comprise a $180-million term loan and $150-million in bank guarantees, and are designed to…
Investors are becoming wary of AI companies’ spending on AI. (Graphic: Nicola Mawson | GenAI and Freepik) The concerns US investors have over the sustainability of hyperscalers’ artificial intelligence (AI) spending has crossed the Pacific, to not only weigh on Naspers subsidiary Tencent, but also on the JSE-listed company. These worries are reflected in the…
South Africa’s ability to compete in the global digital economy is slipping, with key metrics on infrastructure, broadband access and the country’s skills profile lagging as peer economies make faster headway. These are among the findings of the South Africa’s Digital Infrastructure Investment Study (Sadis) 2025 report (PDF) released by the Development Bank of Southern…
The National Gambling Board’s gambling portal must stay updated to be effective. (Graphic: Nicola Mawson | ITWeb and Freepik) While the National Gambling Board’s (NGB’s) introduction of a portal that will allow punters to verify the legal status of online gambling sites is a welcome move, the industry also cautions that the database must be…
South Africa’s broadband access market is expected to reach R82.8-billion in revenue by 2029, with 3.7 million new active subscriptions, according to the latest SA Broadband Report from ICT analyst firm BMIT. The headline growth rate – a compound annual growth rate of 8.6% – is driven overwhelmingly by the residential market, where both fibre-to-the-home…
Microsoft South Africa CEO Vukani Mngxati says the nation’s catalyst for growth and employment lies in building SMMEs, as well as ensuring people are upskilled at scale for the transition into the world of AI. #Microsoft #AI #Cloud South Africa’s prospects for economic growth and employment creation lie in building the small, medium and micro…
Communications minister Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has gazetted South Africa’s draft national AI policy for public comment, opening a 60-day window for submissions on an 86-page document that proposes a sweeping new institutional architecture – including seven new oversight bodies – to govern the development and deployment of AI across the…
Ten of South Africa’s leading clean-technology innovators, spanning renewable energy to smart farming, have been recognised at the 2026 Cleantech Innovation Programme South Africa (GCIP-SA) National Awards. Image supplied. Held during South African Innovation Week, these awards mark the end of the 2025/26 GCIP-SA accelerator programme run by the Technology Innovation Agency. The top 10…
