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IT And Automation Propels Growth For Stressed Local Businesses


iAfrica
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As industry eyes recovery after 2020, a year in which South Africa saw the biggest economic contraction since 1946, businesses big and small are looking to drive growth with automation, cost-containment and innovation.
In March 2021, SA Statistician-General, Risenga Maluleke, revealed that the South African economy had contracted by 7% in 2020 on the back of stringent lockdowns brought on by the COVID-19 pandemic. With South Africans facing one of the worst downturns in living memory, technology and innovation will be critical to economic reconstruction say local technologists.
“The pandemic has stress-tested business locally,” says Stephen Howe, a founder of Times 3 Technologies (T3T), a national South African IT company that uses software to modernise accounting and people practices. “Research by World Wide Worx shows that accountan ....

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