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Telkom’s start-up mobile unit continues to bleed red ink across the telecommunications group’s income statement. The unit, which operates under the 8ta branding in the consumer market,will turn in a R2,2bn loss before interest, tax, depreciation and amortisation in the year to end-March 2012. The operator expects basic earnings

Since 4 March, a new social discovery app on SA social networking service MXit has attracted more than 400 000 users. And it’s already generating enough revenue to cover its costs. The app, called JudgeME, helps people meet each other by uploading photos and answering a handful of questions. Other users can guess

Signs are good that SA will defeat Australia in the bid to host the Square Kilometre Array (SKA) radio telescope project. This comes after Australia lodged five complaints with the SKA Organisation — a body comprising the member countries of the project — and the Australian press reported the findings of a confidential report

“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

He says government needs to move faster on issuing access to new radio frequency spectrum and ensure it goes to those best suited to use it. He says Cell C’s size makes it more agile than its competitors in a market that is going to become marked by low margins from, and high quantities of, data consumption. Knott-Craig is set

Fixed-line operator Telkom plans to launch a fibre-to-the-home trial network in two separate parts of the country soon, Bashier Sallie, MD of wholesale and networks, tells TechCentral. The company hasn’t yet decided where the trials will take place or when exactly they’ll go live.