South African consumers are fundamentally reshaping their digital spending habits, moving away from traditional entertainment towards services that prioritize productivity, functional value, and everyday convenience. According to the Discovery Bank SpendTrend26 report, while the overall volume of online subscriptions is rising, the “composition of the basket” has shifted toward utility-driven tools like Artificial Intelligence (AI)…
Meta is implementing another round of aggressive workforce reductions, cutting roughly 10% of its total staff. According to reports from Bloomberg, the move will result in approximately 8,000 layoffs and the elimination of 6,000 vacant positions. Read: Tim Cook steps down as Apple CEO and passes reigns to John Ternus In an internal memo, Janelle…
GoPro has announced a significant restructuring plan that will see the company reduce its global workforce by 23% by the end of 2026. The move comes as the action-camera pioneer seeks to stabilize its finances and reclaim market share in an increasingly crowded hardware landscape. Read: ShopriteX debuts Pixie, an AI assistant for Sixty60 According…
Low-cost Unmanned Combat Attack System (LUCAS) drones are positioned on the tarmac at a base in the U.S. Central Command operating area. Source: U.S. CENTCOM An Arizona-based battery startup led by a former General Motors executive is moving from making products for all-electric vehicles to making products for the aerospace and defense industries amid the…
Meta may be preparing for one of the most significant rounds of layoffs in its history. According to a report from Reuters, the social media giant is considering cutting approximately 20% of its workforce. While the report indicates that neither a specific date nor the final headcount has been officially set, the scale of the…
Dr Chris Ettmayr, renewable energy and ICT sector manager at the East London Industrial Development Zone; Magama Makgamatho, chief knowledge and digital officer at Coega Development Corporation; and Baphelele Mhlaba, acting executive manager for economic development and sector support at the Eastern Cape Development Corporation. SA’s Special Economic Zones (SEZs), historically viewed as industrial and…
MTN Group CEO Ralph Mupita MTN Group has signalled a big change in strategy as it shifts focus to the connected home to drive revenue and profit growth between now and 2030. This will form one of several key focus areas CEO Ralph Mupita said the group has identified as it moves beyond its Ambition…
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The state council — China’s cabinet — will review and possibly approve a road map later this month…
MoData helps clients digitise manual processes. (Image: MoData) South Africa is poised for a digital currency shift, and technology innovator MoData states that it is positioned to play a key role in underpinning the next generation of money. As South Africa accelerates its digital currency ambitions, the South African Reserve Bank (SARB) is laying the…
Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel’s new CEO is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter have said, in what is a potentially expensive shift from his predecessor’s plans. If implemented, the new strategy for what Intel calls its “foundry” business would…
