David Buck, General Manager for InnoVent South Africa. (Image: Supplied) As rising IT costs, supply chain instability and shrinking budget flexibility continue to impact organisations, businesses are being forced to rethink how technology is funded. InnoVent South Africa, a specialised provider of IT leasing and asset management solutions, says traditional procurement models are placing increasing…
Oracle’s global workforce declined by 13%, representing a reduction of approximately 21,000 employees, during its 2026 financial year. The downscaling comes as the enterprise software giant continues an aggressive corporate restructuring, heavily accelerated by the deployment of artificial intelligence across its internal operations. Read: Samsung Galaxy Buds 4 Review: Brilliant brains, flawed physics According to…
CFOs and CISOs continue to clash over cyber security spend, a situation worsened by organisations erroneously equating spend with resilience. (Image:123RF) CFOs and CISOs are increasingly at odds over cyber security spending as companies invest heavily in tools while neglecting resilience, recovery and business continuity, according to industry experts. Richard Ford, group CTO at Integrity360,…
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…
