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The Espresso Book Machine is not the most beautiful device you will ever see. It looks like a large, clumsy, see-through photocopier, which is sort of what it is. But it is a thousand times more powerful. This speedy print-on-demand ­publishing gadget — which costs R1m — can churn out a bound book, cover and all, in

International credit agency Moody’s this week cut its ratings outlook for JSE-listed fixed-line telecommunications operator Telkom. This followed the agency’s downgrading of SA’s government bond rating last week. The move is likely to make it more difficult for Telkom to raise debt, at least at interest rates it would