Zoom Video Communications has been sued by a shareholder and accused of fraud amid mounting security concerns over the popular video-conferencing app.
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The coronavirus pandemic has pressured nearly every corner of the global economy, but analysts continue to see sunny days ahead for cloud computing and the ecosystem that surrounds the technology.
Eskom has told investors it doesn’t currently need to approach the government for more support, even as a Covid-19-related national shutdown slashes revenue.
Africa Data Centres is acquiring Standard Bank’s giant data centre facility in Samrand, north of Johannesburg, for an undisclosed sum. The transaction is subject to the approval of the competition authorities.
JSE-listed 4Sight Holdings has agreed to sell its subsidiary Digitata, which it bought in 2017, for R91.9-million, to its original owners.
Top executives at JSE-listed IT services group EOH Holdings, including CEO Stephen van Coller, will have their salaries cut by 25%, while those earning more than R250 000/year will see their pay reduced by 20%.
EOH Holdings reported a 21.8% decline in total revenue to R6.4-billion in the six months to 31 January 2020, but losses decreased as it said it was making headway with its turnaround plan.
President Cyril Ramaphosa has emphasised the importance of social distancing after a former deputy minister shared a picture of himself and communications minister Stella Ndabeni-Abrahams, and others, having a meal at his house.
FTI Consulting is considering an acquisition of boutique consultancy Delta Partners to expand its offerings for telecommunications and technology clients, people with knowledge of the matter said.
WhatsApp has introduced new stricter limits on message forwarding in a bid to stop the spread of disinformation.