Cell C has begun talks to delay debt payments and hired consultants to probe its business practices and advise on a restructuring.
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A proposal by the biggest owner of Eskom’s debt to convert its R88-billion holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.
Virgin Galactic’s sister company, Virgin Orbit, has conducted a drop test of its air-launched satellite booster over California in a key step towards space missions.
Promoted | Every company that sells enterprise technology has a long list of alliance partners. But if you spend time with partner executives and sales teams, you notice that some talk about partnering while others truly put energy into building relationships and joint solutions.
The troubles facing financially distressed mobile operator Cell C have taken a dramatic turn. TechCentral received this open letter from CEO Douglas Craigie Stevenson on Wednesday evening, which we publish here in full.
Communications minister Stella Ndabeni-Abrahams has promised – like so many of her predecessors – to fast-track South Africa’s migration from analogue to digital terrestrial television. Will this time be different?
Former State IT Agency boss Setumo Mohapi will take over as CEO of Dimension Data’s Internet Solutions with immediate effect, replacing long-serving CEO Saki Missaikos. The move comes amid a major management shake-up at Dimension Data MEA.
The US said it would grant licences allowing companies to export goods to Huawei but won’t remove the Chinese firm an export blacklist, as talks between the world’s two biggest economies resumed.
When Walmart paid $16-billion for control of India’s e-commerce pioneer Flipkart Online Services from investors, including Naspers, last year, the US retail giant got a little-noticed digital payments subsidiary as part of the deal.
German economics minister Peter Altmaier plans to build up a German cloud service to allow European companies to store data independent of Asian or US rivals such as Amazon.com.