Altech’s headline earnings per share in the six months ended 31 August 2012 have fallen by 19% over the same period in 2011 as the result of continued poor performance by its businesses in East and West Africa. Due to write-downs in goodwill and the carrying value of those operations
Communications minister Dina Pule on Wednesday told journalists that cabinet will finalise its decision regarding the future of Telkom either this week or by the “beginning of October”. Pule, who was speaking at the Classic FM Business
These are anxious times for the world’s largest software company. Microsoft has watched as long-time nemesis Apple has reinvented the smartphone and tablet businesses, carving out most of the industry’s profits for itself. Today, Apple is worth
Jonas Bogoshi, CEO of JSE-listed technology group Gijima, will step down at the end of the year after five years in the job. In a statement to shareholders, the group’s board says there will be a formal handover period of three months to a new CEO. It has
Brian Armstrong is the second highest paid member of Telkom’s executive committee after CEO Nombulelo Moholi. Armstrong, who heads Telkom Business, took home R10,5m in the 2012 financial year, of which R2,8m was in the form of a guaranteed package and R6,7m was in fringe and other benefits
Johannesburg, Pretoria and Durban will be the first to get access to MTN’s commercial fourth-generation (4G) network but Cape Town will not get access to the network, at least at first, because of a lack of available spectrum in the Mother City. MTN SA chief technology officer Kanagaratnam Lambotharan says MTN is on track to launch commercial
Telkom spent more than R200m repairing and replacing damaged and stolen copper-cable infrastructure in the financial year ended 31 March 2012. It spent a further R150m on security to protect the network from opportunistic thieves and criminal syndicates. The company says in its 2012 group integrated
The Philips Fidelio dock for Android devices (otherwise known as the AS851) is one of the first docks designed specifically with Android users in mind. This is good news in a market awash with docks intended for Apple products, but the challenge of creating a micro USB connector that will fit every device, coupled with
Mobile messaging platform and social network Mxit has acquired Cape Town-based start-up Motribe for an undisclosed amount of money. Motribe was founded two years ago by Nic Haralambous and Vincent Maher and is 30% owned by local start-up investment firm 4Di Capital. Motribe, which employs eight
Former Vodacom Group CEO Pieter Uys will join the management team of Stellenbosch-based investment firm Remgro in April 2013 on a full-time basis. He will also join the company’s board of directors. Remgro, which emerged from Rembrandt — the tobacco and industrial conglomerate founded by Anton Rupert — was one of the
