First National Bank CEO Michael Jordaan unwittingly sparked a public debate on the future of newspapers recently. Writing in the bank’s weekly e-mail newsletter, he asked employees whether they’d be willing to help the company save more than R1m/ year — and spare the environment — by reading news online instead of having it subscribe to newspapers. Business Day editor Peter Bruce picked up on this communication and challenged Jordaan’s views in defence of his paper’s print income stream
Is Google a friend of the media, or a foe that will undermine journalism? It’s a debate that’s been raging in media circles. But no-one has been able to agree: is Google bad news for the news business? Newspapers are in trouble, especially in developed economies. That much is clear. What’s open to debate is whether it’s the worldwide economic crisis that’s to blame or whether it’s more to do with newspaper readers abandoning newsprint for online news sources
The lack of venture capital (VC) in SA and other poorly served markets often forces local entrepreneurs to seek this type of funding abroad. But before making the long trip to Silicon Valley, start-up entrepreneurs should be prepared to answer some seemingly innocuous questions that have a far deeper meaning in the world of VC
No doubt your company’s IT department has had to do more with less recently. There’s an upside to the downturn though. Nothing focuses the corporate mind like a little cash-flow crisis. If you come out the other side of a recession in the same state of fitness as you went in, you’re at risk of getting mauled by the leaner, hungrier and more toned cats around you who have treated the economic crunch as a super-circuit for commerce.
SA’s telecommunications industry is in such a poor state precisely because of secret deals done…
The global economy faces its worst crisis in decades. Though SA has lagged the rest of the world in the slowdown, there is no doubt we have had our fair share of negative consequences. There are signs, however, that the worst may be over. Recently published GDP figures indicate a deceleration in the rate at which the economy is
I know that this article is going shock you, but not in the way you expect, so buckle up. I have oversimplified the piece, but its essence is as true as you could wish for. The other day, I found a Telkom — in those days Posts & Telecommunications — internal “newspaper” called Postel, dated December 1982. The front page article — coincidentally written by myself at the time — described a 40% cut in international data communication tariffs based on X.75 packet-switching. Before the 40% cut, it cost, in today’s money, more than R10 000 to send 1MB of data. After the 40% cut, it cost only R6 000/MB — a bargain, with demand exceeding supply
The Internet is 40 years old next month. There can be little doubt that the worldwide network has changed the way we communicate as a species. And the change it’s going to bring has only just begun. Hold on to your seat. It’s going to be a wild ride
Large sums of money are available to technology start-ups in SA. But there are almost no technology start-ups getting funded. This is a big problem for the country, both socially and economically, as it strives to lift its long-term growth trajectory. Foreign direct investment and portfolio investment flows will never achieve this alone. Strong growth in new businesses is paramount for growth and social upliftment.
I recall a conversation I had three years ago with an older colleague of mine. We both were working for a large media company and were debating the impact of digital media channels and potential displacement of traditional channels and skills. When I told him I was hoping to up skill my traditional media skills to join this digital revolution, he smirked