Covid-19 has rapidly spread like a wildfire, globally. Economies have been negatively affected by its deadly impact of this pandemic and as such businesses have also been adversely affected. The recently published business survey by Statistics South Africa, provides an update on how South African businesses are currently coping under the lockdown. It is no surprise that the results are not good.
According to the survey, 36% of firms have confirmed staff layoffs to cope with the pandemic, and nearly one out of ten businesses have indicated that...
We are at the end of our first quarter for 2020/21 Financial Year and this quarter was like no other as we are faced with unprecedented circumstances as a country and globally due to Covid-19. It has been 99 days since South Africa went into national lockdown with the aim of stemming the Corona Virus infection wave. Many businesses apart from those that are providing essential services had to close shops, our economy went into recession. On the 27th March 2020, Moody Credit Rating agency announced that South Africa’s foreign and loc...
Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, had previously announced its intentions to have data centres in South Africa to be in Johannesburg. In moving with its plans, Huawei approached XY Analytics an Artificial Intelligence and machine learning solution orientated company that joined the Maxum pre-incubation programme in 2019 to become one of their cloud partners. This happened while XY Analytics was exhibiting at the 2020 African Agritech Conterence in Pretoria.
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The South African government has been making major strides in resuscitating the economy more so now as the pandemic has led to an economic crisis. At the launch of The Inaugural Sustainable Development Symposium South Africa (Sidssa) on the 23 June 2020, President Cyril Ramaphosa announced the plans to invest R3.1 billion in a new space infrastructure hub.
The Investment is part of the post pandemic government strategy, which will take place over a three-year period will see to more than 4000 direct employment opportunities in the first year a...
Prof Shirley Motaung, founder of Global Health Biotech, an entrepreneur incubated at Biopark@Gauteng, and an assistant Dean at Tshwane University of Technology (TUT) in the Science Faculty has been appointed to serve as a member of the Gauteng Province Department, Corona Virus Disease Committee, a committee under Premier David Makhura .
After successfully leading a team of researchers tasked with assessing the Covid-19 readiness on the Health facilities in the Province, Prof Motaung proves to be an experienced candidate for the com...
