Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics reported an over eight-fold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts’ estimates on the explosive growth of…

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Fixed wireless surges as SA broadband market resets

Fixed wireless surges as SA broadband market resets

South Africa’s broadband market is shifting toward fixed wireless growth. (Image created using ChatGPT) Fixed wireless access (FWA) is increasingly gaining ground in South Africa’s broadband mix, emerging as a fast-scaling alternative alongside fibre. This, as local operators respond to the rising demand for household connectivity. A new Opensignal report shows how competition is intensifying…

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SA daters warned as AI ‘pig butchering’ surges ahead of Valentines Day

SA daters warned as AI ‘pig butchering’ surges ahead of Valentines Day

AI-powered ‘pig butchering’ scams target South Africans ahead of Valentine’s Day. (Image source: 123RF) As millions of South Africans turn to dating apps like Tinder, Hinge and eHarmony this Valentine’s Day, law enforcement and cyber security experts are warning of a sophisticated new wave of AI-driven “pig butchering” scams. The warning follows Operation Contender 3.0,…

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Shoprite’s Sixty60 surges 34.6% as digital commerce dominates

Shoprite’s Sixty60 surges 34.6% as digital commerce dominates

Shoprite Holdings’ on-demand delivery powerhouse, Sixty60, continues to redefine South African retail, posting a 34.6% sales increase for the six months ending December 28, 2025. This rapid expansion significantly outpaced the group’s overall growth, signalling a permanent shift in consumer behaviour toward app-based, on-demand grocery shopping. Read: The Switch overtakes the DS as Nintendo best-selling…

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SA’s online holiday shopping surges nearly 50%

SA’s online holiday shopping surges nearly 50%

The VCA Retail Spend Monitor analyses retail sales activity over a seven-week period beginning on 1 November 2025. South African consumers significantly increased their online shopping during the 2025/26 holiday season, with e-commerce spending jumping 49.9% year on year, according to Visa’s latest Retail Spend Monitor. The annual report compiled by Visa Consulting and Analytics…

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