Volvo Cars said Friday it plans to cut 2,500 jobs after a sharp decline in its Chinese market weighed on third-quarter earnings. The Swedish automaker reported an operating loss of 5.6 billion Swedish kronor ($563.7 million) in the third quarter, down from an operating profit of 6.4 billion Swedish kronor in the previous period. The…
Dar es Salaam — THE World Bank International Monetary Fund (IMF) reforms to the Debt Sustainability Framework for Low-Income Countries offer African governments an opportunity to strengthen debt management while protecting resources needed for development and job creation. The reforms come at a critical time, as governments balance the need to finance infrastructure, industrialisation, climate…
Decades before Siri or Alexa or ChatGPT, there was a real person, almost always a woman, at the center of the information world. She was so vital, most long-distance communication could not happen without her. She was the telephone switch operator, and at one time she was part of the single largest occupation for white,…
Volkswagen employees are taking part in an information and protest event organized by IG Metall in front of the VW plant in Zwickau. Picture Alliance | Picture Alliance | Getty Images Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of a historic transformation plan amid intensifying…
Africa is home to about two thirds of the world’s uncultivated arable land. It is blessed with an average of 300 days of sunshine annually. At a time when many of the world’s advanced countries are experiencing population stagnation or decline, Africa with 1.6 billion people is the world’s second largest continent. Its population is…
American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a…
BPESA CEO Reshni Singh. South Africa’s global business services (GBS) sector created 26 346 new jobs servicing international markets in 2025 – its highest annual total since 2018. In addition, just under 23 800 of those roles, or about 90%, were filled by young people, based on Business Process Enabling South Africa’s(BPESA’s) GBS sector report….
Choosing a path for the future has never been easy, but for young people today, such rapid technological change as artificial intelligence (AI) is making it increasingly difficult to predict which skills will remain relevant in the years ahead. Key takeaways Nearly 40 per cent of skills workers rely on now could change or become…
Oppo launched in South Africa in September 2020. Chinese smartphone maker Oppo is retrenching employees in South Africa amid a slowdown in global smartphone sales. The company confirmed the job cuts after a source told ITWeb that a total of 13 employees in different roles had been impacted. Oppo did not disclose the number of…
For the past two years, the public conversation around AI has been dominated by one question: will it replace jobs? It’s an understandable worry. Tools like ChatGPT and Claude can write, research, summarise, code and synthesise information at a speed that seemed impossible only a few years ago. It hasn’t helped that both Sam Altman…
