One of the experts said Africa’s debt crisis should not be viewed only through economic indicators but through its impact on ordinary citizens At least 32 African countries now spend more on debt servicing than on healthcare, exposing the growing human cost of the continent’s worsening debt crisis, experts said on Wednesday at the opening…
South Africa’s digital infrastructure spend is forecast to reach $71 billion between 2025 and 2050. (Image created via Gemini) South Africa’s digital infrastructure spend is forecast to reach $71 billion (R1.2 trillion) between 2025 and 2050, as investment in artificial intelligence (AI), data centres and connected infrastructure systems accelerates globally. This is one of the…
Discovery Bank and Visa data shows ride-hailing growth is now outpacing fuel spend, especially among younger urban consumers. South Africans are increasingly turning to ride-hailing services, as convenience, shifting economics and changing mobility habits reshape urban transport behaviour. This is according to the latest edition of the SpendTrend26 report, compiled by Discovery Bank and Visa, which…
The comments follow a high-profile spat with US President Donald Trump, who called the Pope weak on crime.
South Africa’s R&D investment remains stagnant at 0.61% of GDP. (Image source: 123RF) Even with the National Development Plan targets firmly in sight, South Africa looks unlikely to reach its target of 1.5% of gross domestic product (GDP) expenditure on research and development (R&D) by 2030. This, as the latest datasets on the state of…
An investigation uncovered weaknesses in ZADNA’s credit card section of the procurement policy. (Image source: 123RF) Communications minister Solly Malatsi’s department is initiating several actions to give full effect to the recommendations of an investigation report on alleged misconduct by the CEO of the .ZA Domain Name Authority (ZADNA). This, after the entity was again…
Defense spending has been the talk of Singapore’s Airshow this week but that’s not an accurate way to measure military strength, Palmer Luckey, founder of defense tech firm Anduril Industries, said on CNBC’s “Squawk Box Asia” Wednesday. That comes after U.S. President Donald Trump in January expressed interest in raising the U.S military budget to…
National Gambling Board data shows about R1.5 trillion was wagered in SA’s gambling industry in 2024–2025. South Africans are diverting money they are supposed to spend on groceries to try their luck on online gambling. This is one of the biggest findings from a study conducted by Durban-based market research firm Trade Intelligence. The online…
President Donald Trump met Friday afternoon with more than a dozen oil companies at the White House to discuss plans for investment in Venezuela, less than a week after the U.S. ousted President Nicolás Maduro. Exxon CEO Darren Woods, ConocoPhillips CEO Ryan Lance and Chevron Vice Chairman Mark Nelson attended. Executives from Halliburton, Valero and…
The author, Richard Firth The South African government spends billions of rand annually on technology and infrastructure, yet citizen-facing systems are well-known for being inadequate for the task. From chronic billing issues in municipalities like the City of Johannesburg to cries of “offline” at every home affairs office in the country, South Africans are left…
