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South Africas Inflation to Hover Around 5%, Annual Repricing in January

South Africas inflation is expected to remain relatively stable in the coming months, according to Investec Chief Economist Annabel Bishop. The Headli

South Africas inflation is expected to remain relatively stable in the coming months, according to Investec Chief Economist Annabel Bishop. The Headline Inflation rate is projected to decrease from 5.4% in September to 5.0% in December. While it may reach the South African Reserve Banks target of 4.5% by mid2024, a slight increase is anticipated in January due to annual repricing by retailers. Factors such as oil prices, the exchange rate, and a predicted fuel price cut for December are likely to influence inflation. The manufacturing sectors downturn and rising input prices suggest a return to inflationary pressure. Despite a stronger rand, concerns about demand and oil prices are impacting the economic outlook. Read More..

B2B Tech News | 2 years ago        

B2B Giants Thrive Alibaba, Amazon, eBay Shape North Americas eCommerce Landscape

The North America B2B eCommerce Market, covering the United States and Canada, is rapidly expanding with a projected CAGR of 22.15% in revenue from 20

The North America B2B eCommerce Market, covering the United States and Canada, is rapidly expanding with a projected CAGR of 22.15% in revenue from 2023 to 2032. This sector facilitates online trade between businesses and includes major players such as Alibaba, Amazon, and eBay. The market growth is driven by factors like the digitalization of business processes, increased acceptance of online procurement, and the demand for efficient and costeffective solutions. Giants like Alibaba, Amazon, and eBay have expanded their presence in B2B, while specialized platforms like EC21 and Thomasnet cater to specific B2B needs. Read More..

B2B Tech News | 2 years ago        

Tech Advancements Take Center Stage in Indian Business Spending Plans

Indian businesses are leading in global optimism, with 72% expecting increased B2B spending in 2023, surpassing the global average of 49%, as per an A

Indian businesses are leading in global optimism, with 72% expecting increased B2B spending in 2023, surpassing the global average of 49%, as per an American Express and Cebr survey. The surge is driven by a focus on technology investments, with 88% planning to allocate more funds for technological advancements. Goals include improving payment speed, enhancing productivity, and meeting digital product demands. Additionally, 72% plan to boost spending on business travel, signaling a return to networking and exploring partnerships. Moreover, 68% aim to invest more in business and professional services, particularly IT and technology consultancy. Notably, 84% have partially automated payments to suppliers, with 39% achieving full automation. Read More..

B2B Tech News | 2 years ago        

Tax Document Leak Fallout Leads to PwC Australia Job Cuts

Pricewaterhouse Coopers PwC Australia is cutting hundreds of jobs due to a sluggish economy and fallout from a tax document leak scandal. The firm, wh

Pricewaterhouse Coopers PwC Australia is cutting hundreds of jobs due to a sluggish economy and fallout from a tax document leak scandal. The firm, which faced criticism when a former partner leaked government tax information, leading to the loss of a major audit client, will make 338 employees redundant. This move is also a result of the firms smaller size following the separation of its government consulting practice amid the scandal. Approximately 1,400 staff transitioned to a new advisory firm called Scyne Advisory, leaving around 7,600 employees at PwC Australia. Some employees who were initially offered positions at Scyne Advisory had their offers withdrawn. Read More..

B2B Tech News | 2 years ago        

‘DiDi’ Expanding Rapidly in Latin America with $410 Million Investment

Chinese mobility platform ‘DiDi’ will invest a total of $410 million in Latin America by the end of the year as it rapidly expands its ridehailing

Chinese mobility platform ‘DiDi’ will invest a total of $410 million in Latin America by the end of the year as it rapidly expands its ridehailing and food delivery services in the region, primarily in Mexico. DiDis General Director for Latin America, the Middle East, and Africa, Juan Andrés Panamá, mentioned that the focus is on enhancing user benefits, improving value, and building a community around their services. DiDi began offering ridehailing services in Mexico in 2018 and added food delivery in 2019, with 350,000 drivers and delivery personnel currently working through their platform in the country. Read More..

B2B Tech News | 2 years ago        

Workers Rights Protected as UK Government Slashes Bureaucracy for Businesses

The UK government is planning to save British businesses around £1 billion annually by eliminating outdated regulations that were previously required

The UK government is planning to save British businesses around £1 billion annually by eliminating outdated regulations that were previously required as a result of EU membership. These changes will update and simplify laws, making them more businessfriendly, reducing reporting requirements, and streamlining processes for businesses, particularly in areas such as holiday pay calculations and business ownership transfers. These reforms do not affect workers rights but aim to reduce unnecessary bureaucracy and allow businesses to benefit from postBrexit flexibility. The government previously initiated a consultation to identify areas for regulatory reform. Read More..

B2B Tech News | 2 years ago        

TATA Group Contemplates Sale of Voltas Home Appliance Unit Amid Market Challenges

TATA Group is reportedly considering the sale of Voltas Ltd.s home appliance business due to challenges in expanding in a competitive market. The grou

TATA Group is reportedly considering the sale of Voltas Ltd.s home appliance business due to challenges in expanding in a competitive market. The group is in early discussions about the potential sale and hasnt decided whether to include its joint venture with Arcelik AS. However, TATA Group may choose to keep the asset for a longer period. TATA Group shares for Voltas have dipped, and the company declined to comment. Voltas, established in 1954, makes various products, operates in multiple regions, and has seen its shares rise by about 3 percent this year, with a market value of approximately $3.3 billion. Read More..

B2B Tech News | 2 years ago        

Game On Ubisoft and Immutable’s Bold Pact for Web3 Gaming Revolution

Immutable, a Sydneybased blockchain game company, and Ubisoft, a major international gaming company, have teamed up to investigate and advance Web3 an

Immutable, a Sydneybased blockchain game company, and Ubisoft, a major international gaming company, have teamed up to investigate and advance Web3 and digital ownership in gaming. Ubisofts strategic innovation lab and Immutable, creators of the blockchain game Gods Unchained, will work together to create a popular Web3 gaming experience. Through this agreement, gamers will be able to own ingame assets by utilising Immutables experience integrating decentralised technology into games. With its strategic innovation lab, Ubisoft, well known for games like Assassins Creed and Far Cry, hopes to investigate opportunities originating from technical and sociological changes. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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