Massmart will have to take a long, hard look at its embattled Massdiscounters division to turn the group’s fortunes around, and this should include a rationalisation of its Game and DionWired stores.
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All the latest technology news from South Africa and around the world.
Samsung is set to unveil its latest Galaxy Note smartphone, with support for 5G expected to be among the feature updates on the new handset.
The group behind the Facebook-backed libra digital currency has said it will ensure it meets privacy standards after data protection authorities raised concerns about its design.
Twitter has revealed it may have used some people’s personal data to target them with advertising without their permission because of issues within the platform’s settings.
Helios Towers, one of sub-Saharan Africa’s largest mobile phone tower operators, is reviving plans for an initial public offering, people familiar with the matter have said.
Vivendi is in talks to sell 10% of Universal Music Group to China’s Tencent, helping the world’s biggest music company expand in fast-growing Asian markets. Vivendi shares rose as much as 9%.
Eskom urgently needs a plan to turn profitable or South Africa’s state-owned utility will collapse under mounting debt, according to credit agency Moody’s Investors Service.
National treasury has proposed changes that will reintroduce a limit to the tax benefit for taxpayers investing in venture capital companies.
South Africa’s biggest business lobby criticised the government’s handling of the crisis at power utility Eskom and said it was unrealistic in its approach to the country’s growing debt burden.
The Valley of a Thousand Hills near Durban will be the site of a commercial TV white-spaces pilot project. The backers hope it will prove the feasibility of using the technology to roll out low-cost Internet access to rural areas countrywide.