Christopher Geerdts, MD of BMI-T. The rapid growth of cloud computing and AI is creating major opportunities for South African service providers – but also widening the digital divide. This was the key message from Christopher Geerdts, MD of BMI-T, during his keynote address at the ITWeb Cloud and Data Centre Summit, held on 7…
A sign outside MTN Group’s head office in Johannesburg. Image: TechCentral Shareholders in MTN Group’s long-running black empower scheme known as MTN Zakhele Futhi can look forward to a payout later this month – and a modest profit on their investment. The scheme, which is in the process of being unwound, will begin distributions to…
U.S. Treasury yields moved lower as investors monitored whether the Senate would pass President Donald Trump’s divisive spending bill over the next few hours. The benchmark 10-year Treasury yield was more than 3 basis points lower at 4.249%, and the 30-year yield moved more than 3 basis points lower to 4.808%. The 2-year yield slipped more…
Oil prices fell sharply Monday after a missile strike by Iran on a U.S. airbase in Qatar left no reported casualties, raising investors’ hopes that there might be a path to de-escalate the conflict in the Middle East. U.S. crude oil fell $5.33, or 7.22%, to close at $68.51 per barrel, while global benchmark…
