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PricewaterhouseCoopers News Archive


Altron's CFO moves to Net1

1 Dec 2017 Business
By Staff Writer

Prior to joining Altron, Smith worked in various positions at PricewaterhouseCoopers in Edinburgh, Scotland and Johannesburg from 1991 to 2005, initially as trainee accountant and later as audit manager and associate director of the transaction services department focused on providing specialised corporate finance services..

DA intensifies calls for set-top box probe

27 Nov 2017 Telecoms
By Simnikiwe Mzekandaba

Shinn believes the latest revelations, in conjunction with a PricewaterhouseCoopers (PwC) investigation into the STB tender process, clearly indicate serious procurement irregularities or criminal acts have been committed and must be acted upon..
A PricewaterhouseCoopers (PwC) research report, "", found implementation of AI initiatives in businesses will contribute around $15.7 trillion to the global economy by 2030, making AI the biggest commercial opportunity in today's fast-changing economy.
While a good cyber security awareness training programme and campaign alone will not ensure adequate protection against cyber security threats, it is possibly the most important part of any cyber security prevention approach. Research from the 2014 US State of Cybercrime Survey by PricewaterhouseCoopers has shown that companies with an awareness training strategy have significantly lower losses when a cyber-related event happens than those who do not train their staff.
The move follows an unusual "qualified opinion" given to the earnings report for the past business year by Toshiba's auditor, PricewaterhouseCoopers Aarata, in August – one in which it broadly vouched for the books..

Cell C gambles on ClickaBet

11 Oct 2017 Telecoms
By Staff Writer

The PricewaterhouseCoopers Gambling Outlook Report (2014-2018) indicates the total market revenue for sports betting in South Africa is R36 billion in 2017, of which around R2 billion is already online betting, and this figure is anticipated to increase rapidly..

Global cognitive, AI spending to boom

29 Sep 2017 Computing
By Sibahle Malinga

A PricewaterhouseCoopers research report, , stated AI has a market projected to reach $70 billion by 2020, an indication the technology is poised to have a transformative effect on consumer, enterprise and government markets around the world..
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This is according to a PricewaterhouseCoopers (PwC) report titled: "." The report found the global gross domestic product (GDP) will be 14% higher by 2030, as a result of productivity driven by AI initiatives used by organisations around the world – more than the current output of China and India combined.
PricewaterhouseCoopers the South African gaming industry at over R2.6 billion, estimating it will reach R3.
PricewaterhouseCoopers Aarata (PwC) gave a "qualified opinion" on Toshiba's results for the year ended March as well as for April-June, according to a filing. That means the auditor broadly vouched for Toshiba's book-keeping.

Cloud of corruption hangs over STB tender

7 Aug 2017 Telecoms
By Simnikiwe Mzekandaba

National Treasury commissioned PricewaterhouseCoopers to investigate the process and its report was handed to Muthambi..
Although more organisations expect blockchain to be integrated into their systems, some may have underestimated the scale of blockchain challenges..
A. Toshiba could also be forced to delist if auditor PricewaterhouseCoopers Aarata does not endorse its financial results for the last fiscal year by a 10 August deadline.
The awards were independently audited by PricewaterhouseCoopers..
PricewaterhouseCoopers and Cisco Systems are among the organisations involved in ID2020..
Kirkland & Ellis LLP served as legal counsel, PricewaterhouseCoopers LLP served as financial and tax advisor, and Jordan Edmiston Group acted as a buy-side advisor to HGGC..
The move puts the troubled Japanese conglomerate's bourse listing in further jeopardy, after it submitted twice-delayed third-quarter results without approval from PricewaterhouseCoopers Aarata (PwC) last month..
The filing carried a disclaimer from auditor PricewaterhouseCoopers (PwC) Aarata that it was unable to form an opinion of the results, increasing the likelihood that shares in the nuclear-to-TVs company will be delisted from the Tokyo Stock Exchange (TSE)..
Large financial institutions across the world could lose 24% of their revenue to financial technology companies over the next three to five years, according to a new study by PricewaterhouseCoopers (PwC)..

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