World oil demand is set to fall further than previously expected this year, the International Energy Agency said Wednesday, as the impact of the closure of the Strait of Hormuz deepens. The IEA forecast demand will drop by 1.6 million barrels a day in 2026. That’s 510,000 barrels a day more than its last monthly…
Old Mutual Investments warns SA must prepare for major AI-driven shifts in employment, infrastructure and economic policy. (Image source: 123RF) South Africa’s entry-level and junior jobs could come under severe pressure over the next decade, as artificial intelligence (AI) and robotics increasingly automate routine cognitive work, potentially shutting younger workers out of the labour market….
For Africa’s media houses, 2026 represents a definitive tipping point. The triple threat of revenue model collapse, platform dependency, and the relentless surge of generative AI has moved from a “future risk” to a daily operational reality. While many newsrooms are scrambling to react at a tactical level–experimenting with chatbots or basic automated summaries–a strategic…
Kampala — The Africa Supply Chain Confederation says the continent is bracing for rising fuel and food prices following the escalating disruptions in the Strait of Hormuz. This critical global oil transit route has been partially blocked due to the war in Iran. Ronald Mlalazi, the Confederation’s President, says the war involving Iran has moved…
HOUSTON — The CEOs of the world’s most influential oil and gas companies delivered a sobering message this week about the impact of the Iran war on energy supplies and the long-term consequences for the global economy. The executives gathered in Houston, Texas, for S&P Global’s annual CERAWeek energy conference to take stock of the…
Outgoing Adobe CEO Shantanu Narayen Adobe’s long-serving CEO, Shantanu Narayen, will leave his role once a successor is appointed, the design software maker said on Thursday, sending its shares down over 7% in extended trading on renewed worries around its strategy as it grapples with AI disruption. Narayen’s exit from the role comes after he served…
PKI remains essential for secure digital identity. CyberArk (NASDAQ: CYBR), which positions itself as the global leader in identity security, today announced the findings of a new report: Trends in PKI Security: A Global Study of Trends, Challenges & Business Impact. Conducted by Ponemon Institute, a leading independent research firm, the CyberArk-commissioned research analyses perspectives from…
Land Bank confirms temporary unavailability of certain IT systems. The Land and Agricultural Development Bank of South Africa (Land Bank) has announced a temporary disruption to certain internal IT systems. In a statement yesterday, the bank and its subsidiary Land Bank Insurance Company informed stakeholders and the public of the disruption, saying the matter is…
George Wrightand Jacob Phillips & Nicky Schiller,London St Pancras International Kelly North and Bethany Massey-Chase tell the BBC how they’ve had to re-book their Eurostar service to Paris Work is continuing through the night to fix a power issue in the Channel Tunnel after an outage shut it down and disrupted travel plans for thousands…
The world today is shaped by a series of overlapping crises, what many now call a polycrisis. From geopolitical conflicts and shifting trade alliances to climate shocks and economic volatility, these forces are changing how nations and businesses operate. For Africa, these disruptions bring undeniable risks. However, resilience should also necessitate that we turn crisis…
