Tag: Machine Learning (ML)

In recent years, corporate governance has become a hot topic following scandals like Steinhoff, Tongaat Hulett and many others. Despite increased attention, significant and material progress in improving governance practices across organisations remains alarmingly scarce.

As South Africa moves into 2025, key sectors, including energy, finance, technology, and manufacturing are experiencing significant shifts. These sectors will continue to evolve in response to economic, social, and global trends. International events, innovation and the drive for sustainability will drive developments across industries.

The adoption of fleet management systems in South Africa is accelerating. This is leading to safer roads. To keep up with rapidly evolving telematics technology, fleet operators are advised to view their systems through a more holistic lens. According to the Fleet Management in South Africa 2024 report, the country’s fleet telematics market penetration rate is expected to rise. It is estimated to grow from 41.5% in 2021 to 68% of the total fleet vehicle population by 2026.

As technology accelerates and sustainability gains global attention, supply chain management is becoming a crucial driver of business success. In South Africa, unique challenges such as rising costs and resource constraints are inspiring innovation through digitisation and sustainability.

While many audit tools and methods have evolved over time, the practice of audit has been in existence for years. But how do we as auditors stay ahead of the curve of emerging technologies? As audit professionals we often find ourselves facing unique challenges ranging from misalignment with auditees to insufficient identification of changing risk areas with technology advances and keeping pace with emerging technologies while ensuring the integrity of financial information.

Artificial Intelligence (AI) is arguably one of the most prolific buzzwords of the past decade. Since the advent of ChatGPT in late 2022, AI has become a hotly debated topic beyond the boardroom, reaching casual dinners and braai's. True, AI presents potentially both humanity’s greatest achievement and unknowable prodigious risk. True, AI presents potentially both humanity’s greatest achievement and unknowable prodigious risk.

A wave of technology and process innovation is sweeping the construction industry. The options and pace of change can be overwhelming, so it’s important to stay focused on the goal of all innovation – to improve efficiency, productivity and safety, for the industry and society at large.

Technology is always great when it’s used in an ethical manner. We have a better working environment currently than some of the fore-bearers of the finance ecosystem. With the introduction of artificial intelligence (AI), we have to also consider the risk of fraud.

The telecom industry stands at a critical juncture as it navigates the convergence of emerging technology against a fast-changing business landscape and ever-evolving consumer expectations. Artificial Intelligence (AI) is revolutionising the telecom industry, and we are at the forefront – helping to drive revenue growth by simplifying, modernising and automating Communications Service Providers' (CSPs) business operations.

The renowned behavioural finance research duo, Barber and Odean, published a paper in 2001 entitled Boys will be boys that ruffled a few feathers. The duo studied and reported on the performance difference males versus females generated on their investments. Not only did they find a statistically significant difference in favour of women, but they also found that men had better investment performance in the mere presence of women.