Browsing: News

Pundits and privacy activists alike have been closely monitoring developments in radio-frequency identification (RFID) chip technology in recent years. With prices falling, people are finding all sorts of interesting new uses for RFID chips, most of which are the size of a grain of rice. But is the technology more

Public enterprises minister Malusi Gigaba wants all parastatals to be brought under his department to drive economic growth, he told the Sunday Times at the weekend. His department currently controlled eight parastatals, including SAA, Transnet, Eskom and Denel. With the exception of Broadband Infraco

Standard Bank and Nedbank have finally offered their opinions on online personal financial management (PFM) start-up 22seven, which has been garnering an enormous amount of attention and controversy from banks and consumers alike since launching on Thursday. Absa and First National Bank have both weighed in

Talks between JSE-listed telecommunications group Telkom and Korea’s KT Corp appear to be progressing well. In an update to shareholders on Friday, Telkom says a “diagnostic review” is “well progressed” and the two companies expect to finalise their finding within the next few weeks. KT Corp has expressed

Christo Davel, former head of now-defunct online bank 20twenty, has launched a new online financial services venture called 22seven designed to help people better manage their money. “Our service doesn’t have all the answers but it does have a few insights,” says Davel, who is CEO of the new company. “22Seven

South Africans are the most active tweeters on the African continent, producing twice as many tweets as Kenya, the next most active country. According to communications consultancy Portland Communications, more than 5m tweets were sent from SA in the last quarter of 2011. Nigeria, Egypt

JSE- and Nasdaq-listed Net1 UEPS Technologies, which recently concluded a R10bn deal with government to manage the payment of social grants, has reached an agreement to sell up to 19,9% of its equity to black shareholders in a deal worth up to US$80m (R625m). The deal will “strengthen the development

Old Mutual and T-Systems in SA have signed an IT infrastructure management deal worth almost R2,6bn, extending the two companies’ existing relationship until 2019. They say it’s one of the largest IT infrastructure deals of this nature in SA’s insurance industry. Referred to as “Equinox”, the deal is meant

Nokia has launched its Lumia range of smartphones, its first phones powered by Microsoft’s Windows Phone platform, in the SA market. The Lumia devices represent Nokia’s concerted effort to claim back lost market share lost to Apple’s iPhone and devices

Government will not meet its self-imposed deadline of April 2012 to switch on digital terrestrial television, says communications minister Dina Pule, who now expects services will be only be launched commercially in the third quarter of the year. Pule was speaking