So far the effects of Artificial Intelligence (AI) have been slow to reveal themselves in businesses in South Africa but the scale of the oncoming change is starting to become apparent overseas. AI’s influence is growing in the workplace and will bring substantial change to South African offices in the next few years as machine learning, task automation and robotics are increasingly used in business.
Co-working spaces are increasingly popular in South Africa and around the world as more people and companies jump on the trend. From what we have seen in past few years and the massive expected further adoption of shared work spaces as the norm, we think it is the future of work.
An interview with Dr Greg Cline, Head Corporate Accounts, Investec Import Solutions, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing timing in relation to importing. Common sense indicates that when the currency is stronger, it becomes cheaper to import. But, if we consider that the trade market changes constantly and that there are a number of factors that affect the sector – beyond currency fluctuations, is there really a right time to import?
Minister of Energy, Jeff Radebe, purportedly granted a welcome deviation from South Africa’s existing power generation licensing regulations that should see a relaxation of the process, encouraging additional power supply into the local grid. The change comes amidst growing concern over an already-strained national power supply and its ability to tolerate the increased winter load.
The South African mining industry has performed poorly over the past ten years, with its contribution to the national GDP having halved since 1994. Year-on-year production fell by 3,3% in January, according to Statistics South Africa, with downtime, power outages and uncertainty around regulatory policies significantly hamstringing the sector’s production.
Is your company still relying on Excel worksheets or – dare we say it - using pen and paper to calculate travel expenses? If so, you’re not alone. According Certify, a US-based travel and expense company, 49% of companies today are still using manual systems for their expense reporting.
Though people may think nothing of using a variety of instant messaging applications to place personal or social voice calls to friends and family, they are far more hesitant to use this method in their professional lives: to contact employees or employers, suppliers or service providers, or to reach out to prospective customers.
At the beginning of March, the Department of Mineral Resources (DMR) released the Mine Health and Safety Statistics (statistics) for 2018. The DMR compiles and publishes these statistics annually.We have analysed the statistics and highlight some important facts together with some interesting insights.
Organisations started outsourcing specific business activities in the 1990s mainly as a cost-saving measure. Functions not related to the core business, such as accounting, human resources, data processing, security and maintenance were contracted out to specialised service providers rather than handled by internal staff and resources.
South African manufacturers face serious challenges. Among them are a flood of cheap imports, a shrinking domestic market, often fractious labour relations and low productivity levels. We do have a weak currency and good technical expertise, but it remains a tough climate for manufacturing.