Hollie Adams/Reuters IBM said on Thursday it has committed US$5-billion (R82-billion) to an initiative that will deploy engineers and AI tools to help companies better secure open-source software. The initiative, called Project Lightwell, seeks to create a “clearinghouse” for open-source security, establishing a model for managing risks across the software supply chain. Open-source software is…
Clicks’ retail trading was further affected by aggressive competitor discounting during the festive season. (Image source: Clicks) Pharmacy retail giant Clicks’ retail revenue has been negatively impacted by delays in implementing a warehouse management system at the company’s distribution centre in Cape Town. This emerged yesterday when Clicks published its interim financial results for the…
Michael Brink, Chief Technology Officer, CASA Software. The supply chain has possibly never been more topical in the midst of hostilities in the Middle East and reports of a standoff between the US Department of Defence and an AI software development company because the latter is refusing to allow government unfettered access to its AI…
Cybersecurity and enterprise software stocks have been market dogs in 2026, with fears that AI will wipe out a wide range of companies in the enterprise space dominating the narrative. But they snapped a brutal losing streak this past week, joining in the broader market rally that saw all losses from the U.S.-Iran war regained…
US software shares tumbled on Thursday as fears over disruptions from advances in AI returned to the forefront following a recent update from Anthropic. Investors have dumped the sector’s stocks this year on worries that AI tools that are capable of automating human tasks could pose an existential threat to the industry. The broader S&P…
Absa CTIO Johnson Idesoh Absa Group’s decision to take a R2.4-billion software impairment hit for the year ended 31 December 2025 is not solely because of AI – itself an accelerator of software obsolescence – but also due broader technological trends and a strategic shift in the bank’s outlook on technology. According to Absa Group…
Michael Brink, CTO of CASA Software. As it stands in 2026, large-scale IT has reached an inflection point. Innovation has led to the development of many unprecedented capabilities but also introduced an equal amount of complexity and risk. Before adding more technology this year, prudent organisations will likely shift their focus to identifying and addressing…
Oracle’s Mike Sicilia is the latest software CEO to wade in to the debate on whether AI tools that heavily automate human tasks will mean the demise of his industry. His verdict was a resounding “no”. “You’ve all heard … that new companies coding quickly using AI will spell the death of SaaS (software as…
Apollo Global Management signage in New York on Dec. 5, 2023. Jeenah Moon | Bloomberg | Getty Images Apollo’s John Zito had a blunt assessment of how private equity firms are valuing their software holdings as shares of comparable public tech companies have plunged: They’re not, he said. Zito, co-president of the firm’s giant asset…
QuickEasy BOS supports integration between what happens in the business and what appears in the accounts. (Image: QuickEasy Software) If financial compliance matters to your business, the best ERP software is not simply the one with an accounting module. It is the one that helps you keep accurate records, control who does what and ensure…
