BlackBerry-maker Research in Motion (RIM) has reported its fourth quarter 2012 results and, as expected, the earnings came in below expectations, writes Sean Ludwig. The company reported revenues of US$4,2bn, way below expectations, and earnings per share ended up at 81c, right on the money with projections. RIM sold 11,1m
Author: Editor
Cellphone giant MTN was so desperate to win a mobile operating licence in the “virgin” territory of Iran that it allegedly put together a package of bribes, trading opportunities in sophisticated weaponry, capital investment and diplomatic influence that the Islamic Republic could not resist, write Sharda Naidoo, Craig McKune and Stefaans Brümmer
“Today, tomorrow, goodbye.” This tagline, a cheeky version of Absa’s slogan, “today, tomorrow, together”, used by trade union Solidarity in its Stop Absa campaign this week, reflects the sweeping changes at the country’s second largest bank. Hundreds of staff were given retrenchment notices this week or asked to reapply for their positions, while some were given immediate marching
Johannesburg-listed MTN Group is in crisis management mode trying to limit reputational damage after Turkcell filed an explosive lawsuit in the Washington federal court on Thursday morning (SA time), implicating government officials and executives from Africa’s largest mobile phone operator in a bribery and sophisticated weapons scandal
Silicon Valley has led the world in innovation and entrepreneurship because of its culture of information sharing and mentoring. No other region in the world is like it. But things are changing. In my travels to countries like India, China, and Chile, I’ve witnessed a noticeable evolution in entrepreneurial culture over the past five years.
However, trade experts question whether it can live up to this position as investors begin to increasingly look towards other African markets. In 2003, SA became part of the Ibsa grouping (India, Brazil and South Africa), and seven years later it joined the bloc of countries now known as Brics(Brazil, Russia, India, China and SA)
Absa on Thursday denied claims that it was firing 3000 staff members. “Absa confirms that there is no mass retrenchment being undertaken within the company,” spokesman Ajith Bridgraj said in a statement. “Absa has and will continue to evolve its systems and processes, which sometimes lead to very limited job losses
For someone who’s lived through one technology bubble, it’s hard not to see signs of another one every time the market starts edging upward. Besides, no one wants to be the rube who’s the last one to realise the party’s over and the cool kids have already left. That’s why so many people are quick to jump to the conclusion that we’re in a
Alan Knott-Craig, who takes the helm at mobile operator Cell C next Monday, hinted strongly on Wednesday that the operator will begin offering Apple’s iPhone to its subscribers within the next few months. Until now, the iPhone has only been available through MTN and Vodacom
South Africans using Apple and Google Android-based smartphones can look forward to being able to accept credit- and cheque-card payments using their mobile phones from early next month, thanks to a Cape Town-based start-up that is launching a new service called CheqOut next month. CheqOut founder Bradley Elliott says the service will also support