Foreign exchange losses are set to depress Mustek’s earnings in the six months to 31 December 2012, despite a more than 20% increase in sales in the period compared to a year ago. The JSE-listed technology distributor expects headline earnings per share to be between 55% and 65% lower than headline earnings of 36,2cc/share a year
Author: Editor
To pin or not to pin: that is not the question on Pinterest . In fact, according to data gathered by e-commerce analytics platform RJMetrics, Pinterest retains a remarkably high percentage of new users who go on to use the site at high rates and stay active on the site long after they’ve joined. Pinterest is the digital
Networking technology giant Cisco has filed an appeal with the European Union over last October’s approval of Microsoft’s US$8,5bn acquisition of Skype. Cisco, along with Italian voice-over-Internet Protocol provider Messagenet, is challenging the decision to approve the merger because the European
In a new submission to the Competition Tribunal at hearings into alleged anticompetitive behaviour by Telkom, the Competition Commission has recommended to the tribunal that it impose a fine of nearly R1,2bn against the company. This is less than the maximum R3,5bn fine analysts said it could have asked
The fourth of April this year is a red-letter day on SA’s investment calendar. It is the date on which international board members of the Square Kilometre Array (SKA) radio telescope will meet to decide whether the core site for the giant instrument will be built in SA or in Australia. Science & technology director-general
In closing arguments on Wednesday at the Competition Tribunal’s hearings into Telkom’s alleged anticompetitive practices, Competition Commission legal counsel Adv Martin Brassey said Telkom had fought the case at every opportunity and deserved a severe penalty. Brassey said the tribunal should
Muhammed Yunus, a 2006 Nobel Peace Prize winner and founder of Grameen Bank, sparked a movement with the simple question: “If you are a socially conscious person, why don’t you run your business in a way that will help achieve social objectives?” Today’s young tech entrepreneurs have inherited Yunus’s vision
Telkom came out guns blazing at Competition Tribunal hearings this week, warning that if it were fined the maximum allowed for alleged anticompetitive behaviour last decade, its business could be put in jeopardy. Does the fixed-line operator have a point or is it all just grandstanding? In its closing
Gugu Duda has been appointed as the new chief financial officer of the SABC, communications minister Dina Pule announced on Wednesday. “Ms Duda has the relevant qualifications, skills, capabilities and experience required for the position,” the communications ministry said in a statement. She would take up the
Tim Cook, Apple’s new CEO, gave a small “State of the Apple” address on Tuesday, touching on the recent accusations of poor working conditions in the factories that make Apple products. He also laid out what the iPhone has done for Apple and why cheap tablets just aren’t worth it. The conversation started