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Consumers should brace themselves for higher debt repayment after the South African Reserve Bank’s Monetary Policy Committee (MPC) announced a 50 basis point increase to the repo rate. This is also set to impact job creation in the country.

 


The South African Reserve Bank’s Monetary Policy Committee (MPC) has announced an increase in the repo rate. The increase means that the repo rate has increased three times since November 2021.

 


Managing customer payments is one of the most critical components to help ensure the longevity of a small business in South Africa. This is especially the case when it comes to informal traders, micro-businesses, and others who might not have the systems in place to deal with card transactions, according to Craig Leppan.

 


Today's digital-first business environment puts effective data management front and centre of the organisational strategy. 
 


The scramble for businesses to digitalise for better customer reach or to improve internal process efficiencies, is creating a new set of cyber security risks that many companies are not prepared for - or even aware that they exist in some cases. 


Climate change and sustainability are forcing people to think differently and, as a result, stakeholder priorities are changing. Increasingly, stakeholders are demanding more from organisations than a commitment to short-term profitability. 


Many South African companies across industry sectors aim to become digitally transformed. To accomplish this, they need access to tools that help them adapt to this new dynamic. This is where the Internet of Things (IoT) becomes a critical micro-service within an ecosystem of advanced solutions that can enable this, according to local IoT specialists Trinity IoT.


In this article, Ian McAlister turns the focus to how this integration will improve internal relationships while leveraging off partner strengths.


As organisation leaders get to grips with another challenging year, it is important to create nurturing and supportive environments to achieve long-term success and resilience. 


As we slowly emerge from a Covid-induced hiatus, travellers with itchy feet are looking forward to their long-awaited, eagerly anticipated trips. Now that there’s less reliance on Zoom with more face-to-face business engagements on the cards, coupled with a resurgence in leisure trips, those in the travel and tourism industry can finally rub their hands in glee.


Since November last year, the interest rate has gone up by half a percentage point and with economic growth prospects projected to reach 1.7%, consumers are predicted to accumulate more debt. 


The South African Reserve Bank’s Monetary Policy Committee (MPC) has increased the repo by 25 basis points which will see the repo rate rise to 4%. This also means that the prime lending rate will rise to 7.5%. 


The accessibility of sophisticated artificial intelligence (AI) and machine learning (ML) algorithms, enabled by the high-performance capabilities of cloud-based data centres, mean insurers can more readily embrace a culture of innovation when it comes to their traditional approaches to business processes.


As nearly 900 000 matric students complete their final exams this week, it is vital for them to start planning for their future


Competitive supply chains must enable a new level of coordinated performance that creates a high-fidelity picture of in-process flows across extended networks.


After the emergence of a new variant along with a fourth wave of infections, the conversations around mandatory Covid-19 vaccinations are getting louder. Now, the Association of Mineworkers and Construction Union has responded.


After Statistics South Africa revealed the country’s Growth Domestic Product (GDP) contracted by 1.5%, Covid-19 vaccinations are viewed as the best tool in preventing lockdowns that would negatively impact South Africa’s economy.


Earlier this year it was revealed that more than R200 million in relief grants were paid to government employees.


Globally, companies are indicating that they will invest even more in artificial intelligence (AI) in response to the COVID-19 pandemic and its acceleration of digital transformation initiatives. But while the potential of AI is clear, many local businesses still struggle to see how to effectively integrate this technology into their broader operational processes.


The Department of Small Business Development has recently launched the Youth Challenge fund.

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