AI Boom Sends PC Prices Soaring Across Africa | ITWeb Tech Headlines 26 – 31 October 2026
These are the stories making headlines on ITWeb this week. Soaring demand for memory to power AI infrastructure is pushing up computer prices across Africa, with IDC forecasting a 25% drop in African PC shipments in the third quarter of 2026, IDC senior research analyst Isaac Ngatia told ITWeb TV.
The company keeps its Level 1 B-BBEE rating for an eighth year, as profit rises 39% and major shareholders shift.
Group CFO Ashona Kooblall received R10.6 million in remuneration, including R4.62 million in shares, while CEO Rhys Summerton received no base salary.
The company increases profit after tax to R357 million, improves its EBITDA margin to 11% and targets R680 million in FY2027.
A Labour Court judgement finds the former V&A Waterfront CIO concealed business ties to IT consultants appointed through EOH.
AI fuels SA's venture capital boom, e-hailing shake-up & more | Tech Headlines | 20–25 July 2026
These are the stories making headlines on ITWeb this week. South Africa's venture capital sector is entering a new maturation phase, with artificial intelligence emerging as the next major catalyst for deals — a new study finds the local industry has deployed over R16 billion across more than 1 100 companies in the past decade, with fintech driving roughly half of all successful exits.
Africa's stablecoin revolution, ACSA's R825m tech bet & more | ITWeb Tech Headlines
These are the stories making headlines on ITWeb this week. Visa says African nations are on the cusp of a stablecoin revolution, with dollar-pegged digital currencies tipped to transform the continent's financial ecosystem — particularly for countries facing foreign currency shortages — as Nigeria and South Africa lead adoption. Meanwhile, the Airports Company South Africa has invested R825 million in technology.
The former EOH business buys Cape Town-based ERP specialist Astraia Technologies − its second deal since returning to profitability.
Dr Anushka Bogdanov challenges a Financial Services Tribunal ruling that she deliberately forged documents to support a PhD she never earned.
The JSE-listed tech group returns to growth, with profit surging and its first deal in eight years as it moves ahead with its growth strategy.
Dennis Venter leaves the JSE-listed technology services group, with immediate effect, to pursue other business interests.
The company repurchases an additional 2 183 365 shares under its ongoing share buyback programme.
The shares were bought at prices ranging between 398 cents and 400 cents per share, for a total consideration of R9.38 million, excluding transaction costs.
The former Liquid Intelligent Technologies and Cell C CFO will serve as an independent non-executive director on the IT solutions firm’s board of directors.
As the now profitable listed technology company trims debt, it is turning its focus to deals.