JSE-listed Jasco Electronics has acquired Arc Telecoms, a telecommunications company founded by former iBurst executives. As part of the deal, Arc CEO Steve Briggs will step down as head of the company. Jasco says the acquisition — the value of which has not been disclosed — will “bolster” the company’s
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Linux, the free operating system that brought professional-grade computing to the lowly PC, has come a long way since doing something as simple as switching off meant performing secret handshakes or offering arcane prayers to the computer gods such as computername ~ # shutdown -h now. Today, practically all Linux distributions
Telkom has agreed to cut the cost of IP Connect, the product Internet service providers have to purchase to get access to Telkom’s fixed-line broadband network, by 30% from Sunday, 1 April, the Independent Communications Authority of SA (Icasa) said on Friday. ISPs have long complained about the high cost of IP Connect, saying it is one of the
Telkom’s start-up mobile unit continues to bleed red ink across the telecommunications group’s income statement. The unit, which operates under the 8ta branding in the consumer market,will turn in a R2,2bn loss before interest, tax, depreciation and amortisation in the year to end-March 2012. The operator expects basic earnings
Since 4 March, a new social discovery app on SA social networking service MXit has attracted more than 400 000 users. And it’s already generating enough revenue to cover its costs. The app, called JudgeME, helps people meet each other by uploading photos and answering a handful of questions. Other users can guess
Signs are good that SA will defeat Australia in the bid to host the Square Kilometre Array (SKA) radio telescope project. This comes after Australia lodged five complaints with the SKA Organisation — a body comprising the member countries of the project — and the Australian press reported the findings of a confidential report
“Today, tomorrow, goodbye.” This tagline, a cheeky version of Absa’s slogan, “today, tomorrow, together”, used by trade union Solidarity in its Stop Absa campaign this week, reflects the sweeping changes at the country’s second largest bank. Hundreds of staff were given retrenchment notices this week or asked to reapply for their positions, while some were given immediate marching
Johannesburg-listed MTN Group is in crisis management mode trying to limit reputational damage after Turkcell filed an explosive lawsuit in the Washington federal court on Thursday morning (SA time), implicating government officials and executives from Africa’s largest mobile phone operator in a bribery and sophisticated weapons scandal
However, trade experts question whether it can live up to this position as investors begin to increasingly look towards other African markets. In 2003, SA became part of the Ibsa grouping (India, Brazil and South Africa), and seven years later it joined the bloc of countries now known as Brics(Brazil, Russia, India, China and SA)
For someone who’s lived through one technology bubble, it’s hard not to see signs of another one every time the market starts edging upward. Besides, no one wants to be the rube who’s the last one to realise the party’s over and the cool kids have already left. That’s why so many people are quick to jump to the conclusion that we’re in a