All the latest technology news from South Africa and around the world.
Former MTN Group CEO Phuthuma Nhleko has distanced himself from a controversial mobile operating licence in Iran that put together a package of bribes, trading opportunities in sophisticated weaponry, capital investment and diplomatic influence that the Islamic Republic could not resist. “I can state quite categorically that during
JSE-listed Jasco Electronics has acquired Arc Telecoms, a telecommunications company founded by former iBurst executives. As part of the deal, Arc CEO Steve Briggs will step down as head of the company. Jasco says the acquisition — the value of which has not been disclosed — will “bolster” the company’s
Telkom has agreed to cut the cost of IP Connect, the product Internet service providers have to purchase to get access to Telkom’s fixed-line broadband network, by 30% from Sunday, 1 April, the Independent Communications Authority of SA (Icasa) said on Friday. ISPs have long complained about the high cost of IP Connect, saying it is one of the
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)
