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Bad news about the IT sector in South Africa | SA News


Umthombo Wealth chief investment officer Alex Duys says that the information and communications technology part of the business sector and economy is struggling in South Africa.

“Companies are simply not investing in big IT projects at the moment,” Duys said.

“As a result, these people are sitting on the bench, and it’s pretty much a wait-and-see approach. There’s probably more pain to come before things get better there.”

Duys made his remarks while answering questions about JSE-listed technology company Altron…

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