The 23-year-old who saved the world from a devastating cyberattack in May was asleep in his bed in the English seaside town of Ilfracombe last week after a night of partying when another online extortion campaign spread across the
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Blue Label Telecoms’ planned R1.9bn acquisition of handset distributor 3G Mobile – parent of The Equipment Company – forms part of a plan by the JSE-listed company to get customers that already buy its products, including
Earlier this month, Caxton raised questions about Naspers’s complex control structure. At a Competition Tribunal hearing it contended that an inquiry was needed to determine who directs the company’s strategy. The tribunal ultimately rejected
It’s almost a reflex to blame Russians for cyberattacks these days, even on the sketchiest of evidence. But such accusations certainly seem justified regarding the novel ransomware attack that has swept the world in recent days – known as
Eskom recently repeated that it will not conclude supply contracts with the developers of new renewable energy power stations. These developers were selected under a programme to facilitate private sector involvement in the
We don’t have to like the way technology is changing the world. Given the technological disruption that’s happening everywhere, it’s reasonable to expect a little Luddite pushback. The growing share of cash in advanced economies might fall in
On 27 June, the ATM turns 50. Former US Federal Reserve chairman Paul Volcker once described it as the “only useful innovation in banking”. But today, the cash that ATMs dispense may be on the endangered
Naspers will approach investors in the US and the UK next week about a bond issue as Africa’s biggest company by market value continues its acquisition-hungry quest to expand its Internet businesses. The proceeds for the bond will shore
As Travis Kalanick was in Chicago interviewing a candidate to be his deputy at Uber Technologies, two investors were on a plane to deliver the news that they wanted the CEO gone. Matt Cohler and Peter Fenton, partners at venture capital firm
Travis Kalanick made Uber a global force by breaking all the rules. The next chief executive will have to be a diplomat, power-sharer and defender of the internal controls long neglected at the world’s most valuable start-up. It’s