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recession

General

South Africa’s GDP Falls by 2% During First Quarter of 2020

Luis Monzon -
According to Statistics South Africa, the country's economy decreased by 2.0% in the first quarter of 2020. Extending the technical recession the country found itself in in the last quarter of 2019. Stats SA's latest quarterly GDP figures come only...
FinTech

Coronavirus Could Cost Global Economy $8.8 Trillion

Luis Monzon -
The coronavirus pandemic could cost the global economy between $5.8-trillion and $8.8-trillion, according to the Asian Development Bank (ADB). The BBC reports that this is more than double last month's prediction and equates to 6.4%-9.7% of the world's economic output....
Features

South Africa in recession: What does this mean for us?

Staff Writer -
South Africa has officially entered a technical recession, after Stats SA announced on Tuesday, 4 September, that the country's real gross domestic product had decreased by 0.7% in the second quarter of the year. Stats SA data further showed a...
Gadgets and Gaming

5 things to consider before signing a cellphone contract

Staff Writer -
Junk status. Downgrades. Inflation. Recession. Fuel price hikes. These are terms South Africans are exposed to on a daily basis. The reality is that there's a great deal of uncertainty about the economy, which means that consumers need to...
Online & Social

South Africa slips into recession, social media reacts

Staff Writer -
Statistics South Africa has announced on Tuesday that South African economy has entered a recession for the first time in eight years after showing negative GDP growth for a second consecutive quarter. The country's gross domestic product (GDP) growth...
Top Stories

Mobile industry defies recession

Staff Writer -
THE mobile and wireless industry has defied the global economic recession and is one of the most aggressive growth sectors in the world today. This is according to a recently released report, “Ranking the World's Best Mobile Operators.” “Even the...
Features

IT Leaders to Prepare for a Return to Business Growth

Staff Writer -
Gartner Says Despite the Recession, Now is the Time for IT Leaders to Prepare for a Return to Business Growth Waiting Until the End of the Recession is Officially Announced Will Be Too Late to Meet New Demands. While the...
Mobile and Telecoms

Home automation technology sales grow despite recession

Staff Writer -
According to a new study by ABI research, vendors of home automation systems are expected to ship nearly 2.8 million units globally in 2011. This is despite the prevailing negative economic climate. The study estimates that “luxury systems”, on of...
Mobile and Telecoms

Economic conditions cause slowdown in PC sales

Staff Writer -
The computer hardware market in Europe, Middle East and Africa (EMEA) showed its first yearly decline since 2001, in line with global forecasts. Recorded sales showed only ten percent year-on-year growth in the first quarter of 2009, according to...
Mobile and Telecoms

GSMA predicts strong mobile growth despite recession

Staff Writer -
The GSM Association (GSMA), which represents the interests of the worldwide mobile communications industry, is confident of the sector’s growth despite the ongoing global economic recession. Rob Conway, chief executive officer of the organization and board member, said this ahead...
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Latest News

Digital TransformationMamsi Nkosi -

Ethio Telecom & AfDB Partnership to Drive Ethiopia’s Digital Economy

In a strategic effort to support Africa's digital transformation, Ethio Telecom has partnered with the African Development Bank (AfDB)...
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