When the AI boom meets the real economy

When the AI boom meets the real economy

Rennie Naidoo, Professor of Information Systems at the Wits School of Business Sciences. For the past two years, the conversation around AI has focused largely on software. We debate models, benchmarks, agents and the race between technology companies. The story is usually told as one of innovation. But another story is unfolding beneath the headlines….

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AI boom sparks rally, frenzy and fear

AI boom sparks rally, frenzy and fear

An AI boom has driven stock markets to record highs and big tech firms are piling hundreds of billions of dollars into new tech, while consumers, workers and businesses are grappling with existential questions unleashed by the likes of ChatGPT and Claude. Some analysts say artificial intelligence will boost productivity and make businesses more profitable….

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Africa: FIFA Promised a World Cup Economic Boom, but U.S. Stands May Be Emptier Than Usual

Africa: FIFA Promised a World Cup Economic Boom, but U.S. Stands May Be Emptier Than Usual

Travel bans, visa denials, safety fears, and record-high ticket prices are suppressing World Cup attendance–and threatening both FIFA’s promised $40 billion windfall and a U.S. tourism industry that was already struggling before the opening whistle. Ahead of kickoff, the 2026 men’s World Cup is beset with a slew of travel restrictions affecting entry to the…

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The trap inside South Africa’s banking MVNO boom

The trap inside South Africa’s banking MVNO boom

Every South African bank that has launched a mobile virtual network operator (MVNO) – Capitec, FNB, Standard Bank, Nedbank and soon Absa – has built its mobile business on phone numbers it does not control. The international mobile subscriber identity (IMSI) embedded in every Sim card belongs to the host network. The phone number –…

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