surge - eriinfo

Raxio Tops US$380 Million in Committed Capital as Roha and Meridiam Boost Stakes Amid Sixfold Growth Surge for its African Data Centres

eriinfo.com2 days ago05 mins

Raxio Group, Africa’s most expansive data centre platform, surpassed US$380 million in committed capital as shareholders Meridiam and Roha increased their support for the company’s next phase of growth following a sixfold surge in contracted capacity this year. The additional equity from Roha and Meridiam extends Raxio’s capital base from a previous US$350 million, building…

LinkedIn, TikTok surge as Facebook’s grip weakens

eriinfo.com1 week ago08 mins

Companies are taking a more cautious approach to future social media spending. South African businesses are expanding their social media strategies as TikTok and LinkedIn attract growing user engagement, while Facebook’s long-standing dominance continues to erode. This is one of the key findings of the South African Social Media Landscape Report 2026, released last week….

Prosus profits surge 84% as consumer platforms reach global profitability

eriinfo.com2 weeks ago03 mins

Prosus, the European-listed subsidiary of Naspers, has reported an 84% surge in full-year adjusted core profit. This milestone marks the first time the company’s consumer digital platforms have achieved simultaneous profitability across all operating regions. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: EV adoption in South Africa! The company’s digital services and e-commerce portfolio…

Datatec CEO lifts hedge ceiling as shares surge

eriinfo.com3 weeks ago05 mins

Datatec group CEO Jens Montanana Datatec founder and CEO Jens Montanana has restruck a massive collar hedge over 2.4 million of his shares as part of an extension to an equity-funding arrangement – essentially refinancing a loan secured against his stake in the company. According to a JSE investor statement, the transaction involves an off-market…

Oracle sheds 21,000 jobs as AI restructuring and cloud spend surge

eriinfo.com3 weeks ago04 mins

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…

Naspers signals core earnings surge ahead of results

eriinfo.com4 weeks ago04 mins

Naspers and its Amsterdam-listed subsidiary, Prosus, have told shareholders to expect a sharp rise in core headline earnings for the year to 31 March 2026, in what the group has described as the completion of its shift from a passive technology investor into an “active operator of AI-driven lifestyle ecosystems”. In near-identical trading statements published…

US inflation hits new three-year high amid energy price surge | Business and Economy News

eriinfo.com1 month ago06 mins

Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week. Inflation rose by 0.5 percent in May compared with the prior month, following a 0.6 percent jump in April,…

Deepfake attacks surge as criminals target trust, not systems

eriinfo.com1 month ago09 mins

Yunus Scheepers, group divisional manager of cyber security operations at BUI. Deepfake attacks have increased by more than 2 000% globally over the past three years. In the last 12 months, 62% of organisations worldwide have experienced at least one deepfake attack, while estimates suggest deepfake-related losses in Latin America alone could reach nearly $40…

AI-fuelled fraud drives surge in local digital scams

eriinfo.com1 month ago06 mins

South Africa is one of the few markets with the highest rate of suspected digital fraud attempts. (Image source: 123RF) South Africa had the highest rate of suspected digital fraud among African countries analysed, with 3% of transactions involving consumers in South Africa being suspected of digital fraud during 2025 – slightly below the global…

AI fatigue drives surge in DuckDuckGo installs after Google I/O

eriinfo.com2 months ago03 mins

Google’s recent I/O developer conference showcased a future heavy on artificial intelligence, introducing features like the Intelligent Search Box, which processes videos, files, and Chrome tabs, alongside 24/7 background AI Search agents for Pro and Ultra subscribers. However, this aggressive push has triggered a significant backlash from users seeking a traditional search experience, resulting in…