Day: July 31, 2022

Construction Industry

South Africa Construction Market Report 2022: Future

DUBLIN–(BUSINESS WIRE)–The “South Africa Construction Market Report” report has been added to ResearchAndMarkets.com’s offering.

South Africa has the third-largest economy in Africa. Additionally, it is Africa’s most industrialized, technologically advanced, and diversified economy.

The country’s relative macroeconomic stability, stable democratic government, and well-developed infrastructure have given rise to a dynamic investment environment and established its position as a strategic gateway to other markets in the Southern African region and the rest of the African continent. Infrastructure investment is a central pillar of the South African government’s post-COVID-19 economic recovery plans.

The 2022 budget allocated R812.5 billion (circa US$51.7 billion) over the next three years for infrastructure investment. The government’s massive spending on major infrastructure projects is expected to drive a construction boom in the country. This report provides an overview of the South African construction market.

Summary

The country’s construction industry was also one of the hardest hits by the COVID-19 pandemic disruptions in terms of employment, losing 259,118 jobs at the end of Q3 2020.

As part of efforts to revive the economy following the devastations of the COVID crisis, the South African government is implementing an economic reconstruction and recovery plan underpinned by massive investment in infrastructure – with a construction project pipeline worth R340 billion in industries such as energy, water, transport and telecommunications.

The government is also implementing a National Infrastructure Plan 2050 (NIP 2050). It aims to achieve an investment/GDP ratio of 30% to meet the infrastructure finance gap for public infrastructure, which is estimated at R2.15 trillion (circa US$140 billion) up to the year 2040. The NIP 2050 emphasises blended project finance and public-private cooperation to finance the delivery of public infrastructure.

The 2022 budget presented on 23 February 2022 allocated an amount of R812.5 billion (circa US$45.3 billion) to public-sector infrastructure

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Software

Hackers Target Ukrainian Software Company Using GoMet

A large software development company whose software is used by different state entities in Ukraine was at the receiving end of an “uncommon” piece of malware, new research has found.

The malware, first observed on the morning of May 19, 2022, is a custom variant of the open source backdoor known as GoMet and is designed for maintaining persistent access to the network.

“This access could be leveraged in a variety of ways including deeper access or to launch additional attacks, including the potential for software supply chain compromise,” Cisco Talos said in a report shared with The Hacker News.

CyberSecurity

Although there are no concrete indicators linking the attack to a single actor or group, the cybersecurity firm’s assessment points to Russian nation-state activity.

Public reporting into the use of GoMet in real-world attacks has so far uncovered only two documented cases to date: one in 2020, coinciding with the disclosure of CVE-2020-5902, a critical remote code execution flaw in F5’s BIG-IP networking devices.

The second instance entailed the successful exploitation of CVE-2022-1040, a remote code execution vulnerability in Sophos Firewall, by an unnamed advanced persistent threat (APT) group earlier this year.

“We haven’t seen GoMet deployed across the other organizations we’ve been working closely with and monitoring so that implies it is targeted in some manner but could be in use against additional targets we don’t have visibility into,” Nick Biasini, head of outreach for Cisco Talos, told The Hacker News.

“We have also conducted relatively rigorous historic analysis and see very little use of GoMet historically which further indicates that it is being used in very targeted ways.”

GoMet, as the name implies, is written in Go and comes with features that allow the attacker to remotely commandeer the compromised system, including uploading and downloading files, running arbitrary

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Technology Business

Apple surpasses expectations as tech companies struggle in

Apple reported higher-than-expected profit and sales as demand for iPhones holds steady even amid inflation and the challenges of an economic slowdown.

Sales and profit for the quarter were $83bn and $1.20 a share, according to Apple, surpassing Wall Street expectations. The report is a positive sign for the company, which earlier this year lost its status as the most valuable company in the world to the oil giant Saudi Aramco. The company’s shares rose by 2.6% after hours in response to the news.

Tim Cook, Apple’s CEO, described the quarter as a reflection of the company’s “resilience and optimism” and said it managed to achieve better than expected results despite supply constraints and the effects of the company suspending sales in Russia.

There has been no slowdown in demand for iPhones, Apple’s CFO, Luca Maestri, told Reuters. Apple reported iPhone sales were $40.7bn, up about 3% from a year earlier and well ahead of the overall global smartphone market. The company’s loyal and affluent customer base has in the past allowed it to weather economic dips better than some other companies.

But the slowing economy is hurting sales of advertising, accessories and home products, Maestri said.

“Fortunately, we have a very broad portfolio, so we know we’re going to be able to navigate that,” he said.

Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing.

“As a largely hardware company, Apple is arguably more directly exposed to supply chain issues than the other tech giants reporting earnings this week, but it also has a growing services business that is an important part of its diversification strategy, so it has flex in its model,” Tom Johnson, the global chief digital officer at Mindshare Worldwide, said of Apple’s quarterly earnings.

In April,

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Branding

Custom Logo Stickers for Better Branding

An instantly recognisable logo is one of the few things all highly successful businesses have in common.  At a glance, their logo (or even just the colours it contains) tells you exactly which business you are looking at.

As part of a broader branding strategy, coming up with a great business logo is essential. Those who become loyal to your brand will instinctively associate your logo with your company’s main points of appeal.

Of course, coming up with a distinctive and appropriate logo for a business of any kind is easier said than done. It is also something of an ongoing process of refinement and optimisation.

Take a look at any major brand’s logo over the course of the decades and you will note any number of minor (and in some cases major) changes. What resonates with a particular audience today could be considered mundane and outdated in the future.

This is why it is essential to regularly revisit all aspects of your branding strategy, in order to ensure they are in line with the expectations and preferences of your target audience. Once you are happy with your brand logo, it simply makes sense to display it as prominently and prolifically as possible.

Precisely where custom logo stickers can help, but what makes a good logo sticker from a 2022 perspective?

How to Get More Out of Your Custom Logo Stickers

Engaging and influencing today’s sophisticated consumers isn’t easy. They are naturally sceptical (if not slightly cynical) about the branding and marketing efforts of the businesses they encounter.

Even so, research suggests that the purchase decisions of almost 75% of consumers are influenced by the appearance of a product’s packaging. A figure that emphasises the importance of quality labelling, and an attractive brand logo that is instantly recognisable.

Make no

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