Finance minister Tito Mboweni says government borrowing will surge and taxes may rise to fund the troubled Eskom. Yet no plan has been announced to restructure the overstaffed company.
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Naspers said on Thursday that it’s leading a new investment round, worth $30-million, in Polish-founded peer-to-peer learning community Brainly. Other investors are Runa Capital and Manta Ray.
The ransomware attack that has crippled City Power’s IT systems holds valuable lessons for companies about disaster management and backup, a Swiss-based software specialist has said.
South Africa’s decision to more than double its financial support for Eskom is “credit negative” for the sovereign rating as it’s an additional drain on the budget, Moody’s Investors Service said.
Microsoft’s cloud-orientated productivity suite, Office 365, is now being delivered locally through the software giant’s new South African data centres.
City Power, which provides electricity to the City of Johannesburg, has been hit by a ransomware virus that has crippled its systems.
Facebook showed that its business can weather all kinds of regulatory scrutiny – as long as people keep flocking to Facebook.
Vodacom reported a 1.2% year-on-year decline in service revenue in South Africa in the three months to end-June, with the company blaming new data regulations from Icasa and a switch in roaming partners.
Samsung Electronics will begin selling its Galaxy Fold in September, resurrecting a device it pulled months ago after early reviewers reported defects in the gadget’s much-touted flexible screen.
South Africa is expected to be the fourth fastest-growing major IT market in the world in 2019, according to new research from consultancy Gartner.