Apple has the best kind of problem: US$90bn in cash burning a hole in its pocket. At the Goldman Sachs Technology and Internet Conference on Tuesday, CEO Tim Cook was asked why the company has not taken the usual moves of buying back stock or issuing a dividend to shareholders. Investors, while happy with the epic stock price
Author: Editor
American Tower Corporation (ATC), the company that acquired Cell C’s base station infrastructure last year in a R430m deal, has begun building its own mobile telecommunications towers from scratch in areas where operators have poor coverage. ATC SA CEO Pieter Nel says the company has just completed
After an 11-year partnership, Hitachi Data Systems (HDS) has completed it acquisition of data centre company Shoden Data Systems. Shoden’s management team will remain unchanged and it will retain autonomy in terms of strategy and decision making. HDS hopes the deal will give it a foothold in Africa
First National Bank (FNB) has become the first SA bank to allow personal financial management start-up 22seven access to its customers’ accounts, albeit on a limited basis. The move stands in stark contrast to FNB rival Absa, which has blocked 22seven — specifically its US technology partner Yodlee
Google headquarters must be all high-fives this week. Just hours after the European Commission cleared the company’s proposed acquisition of Motorola, the US department of justice has given its approval to the deal as well. “The division concluded that the specific transactions at issue are
Mozilla has decided to begin work on a touch-enabled version of its popular Firefox Web browser for Microsoft’s upcoming Windows 8 operating system, the company revealed yesterday. Windows 8 allows companies to develop applications for its touch-based Metro interface as well as
If the Competition Tribunal imposes a large fine on Telkom for anticompetitive behaviour, it will be “catastrophic” for the company and will “irretrievably jeopardise its viability”, leading to “disastrous consequences for the SA economy and government”. This is the stark warning the
Telkom came under fire on Monday as the Competition Tribunal hearing into alleged anticompetitive conduct by the telecommunications company resumed for closing arguments. SA’s fixed-line operator stands accused of abusing its dominance by charging excessive prices; refusing access to an essential facility
Stellenbosch-based social networking company MXit has a one-year window of opportunity to improve and expand its products and services if it’s going to fend off an onslaught of rival services like instant-messaging application WhatsApp, says its new CEO, Alan Knott-Craig. “The main risk
As if Research in Motion (RIM) needed more controversy surrounding its appointment of new CEO Thorston Heins, now a company director is arguing that it simply couldn’t have chosen a new CEO from outside the company earlier because the only