News Column

technology Utilities raise IT spending 9.2% retail Edcon names finance head social grants Court to seek Sassa solution

February 11, 2014



Utilities in four major Middle Eastern and African countries, including South Africa, raised spending on information technology (IT) by 9.2 percent year on year to nearly $1 billion (R11bn) last year, according to the International Data Corporation (IDC). This figure is projected to grow to $1.05bn by the end of this year, according to data published by IDC Energy Insights yesterday. South Africa, as the largest and most dynamic market on the continent, leads with double-digit spending growth expected over the next year. Investments in restructuring the power sector, building essential infrastructure, deploying renewable energy systems and extending access to clean water are fuelling the demand for energy in Africa. - Asha Speckman

Fashion retailer Edcon has appointed Toon Clerckx as its chief financial officer. Clerckx will replace deputy chief executive and chief financial officer Mark Bower, who is retiring after 24 years. Clerckx joins Edcon from Boots Health & Beauty, a pharmacy-led health and beauty retailer in the UK, where he served as chief financial officer. Bower will remain in the company for the next six months to ensure a smooth handover. Edcon also appointed Garth Napier as the chief executive of the discount division. Meanwhile, retailer Woolworths announced the appointment of Christo Claassen as managing director of the group's clothing and general merchandise business. He will take over from Brett Kaplan, who is retiring from the business after 37 years. Claassen, who will take over in July, is the chief executive of Legit, Jetmart, Jet and the cellphone division at Edcon. - Nompumelelo Magwaza

The Constitutional Court will hear submissions today for a just and equitable solution to a contract to distribute social grants that it previously found to be invalid. In November last year, the Constitutional Court declared the tender awarded to Net1 UEPS subsidiary Cash Paymaster Services (CPS) by the SA Social Security Agency (Sassa) constitutionally invalid. The court ordered that the declaration of invalidity be suspended until a just and equitable remedy to the situation was found. Absa unit AllPay, which lost the R10 billion tender to CPS, took the matter to the court. - Sapa

Pretoria News


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Source: Pretoria News (South Africa)


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