Author: Agency Staff

Telecommunication & postal services minister Siyabonga Cwele says government will soon establish a task team to engage Telkom on the sale of a portion of its shares to address a revenue shortfall. The minister

Banks around the world have spent the past few years preparing for competition from small, nimble technology start-ups. It turns out the real threat may be Jeff Bezos. Financial institutions have parried the threat from fintech firms by

South Africa forecast higher debt and wider fiscal deficits over the next three years, heightening the risk of further credit ratings downgrades as a fight for control of the ruling party limits policy choices. The nation’s

Advanced Micro Devices’ new products, aimed at trying to claw back orders lost to Intel in the market for chips that run PCs, are giving sales a boost – just not one big enough to help profitability and satisfy investors after the stock increased

Cisco has agreed to buy BroadSoft for about US$1.9bn to expand further into software and cloud services. The $55/share cash offer announced Monday is a 28% premium over BroadSoft’s closing price on 29 August, a day before

Finance minister Malusi Gigaba faces a gaping budget hole — and will have to consider cutting spending, raising taxes and selling state assets if he wants to avoid further ratings downgrades. The economy he oversees is hampered by