The Competition Commission has approved a deal that will see Open Access Data Centres expand its local footprint.
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Louis Gerstner, the former CEO and chairman of IBM, died on Saturday, aged 83.
Naspers and Prosus chairman Koos Bekker has sold shares in both companies worth about R2.5-billion over three trading days.
The Competition Tribunal has approved the sale of Herotel to Vumatel, but subject to an extensive set of conditions.
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Eskom bondholders are watching the latest round of rescue talks from a distance. Yields suggest they’re confident their money is safe, whether or not the discussions result in a sustainable solution for the utility’s debt.
Technology group Alviva Holdings reported a 17% improvement in headline earnings per share in the six months ended 31 December 2020 but warned of further uncertainty ahead.
MTN Group remains committed to negotiating a $65-million sale of its 75% stake in its Syrian unit, despite the business being placed under judicial guardianship last week.
In a surprise development, Takealot.com has announced that its CEO, Kim Reid, is stepping down from the role. He is not leaving Takelot, though – he will become chairman of South Africa’s largest online retailer later this year.
Cell C is showing signs of having turned the corner, at least when it comes to its income statement – the company’s balance sheet still needs fixing through a planned recapitalisation.
Twitter will launch new features and products faster to refresh its business after years of stagnation, the company said on Thursday, aiming to double its annual revenue in 2023.
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Samsung Electronics has posted quarterly profit that topped analyst estimates on growth in its memory chip business, but signalled caution in semiconductors by announcing a cut in capital spending for the year.
Facebook CEO Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories”, not the company’s famous news feed. Investors are buying into the vision for now.
It wasn’t a dream or an exaggeration by cautious Facebook executives. The company’s financial results are weakening, just as executives warned they would a few months ago.
Investors hoping for a reprieve from the worst month for technology stocks in a decade were greeted with more selling on Monday.
Could Naspers become SA’s newest telecommunications operator? It is looking increasingly likely that the Cape Town-based media giant will commit the billions of rand necessary to do just that. Its Internet service provider subsidiary, MWeb
Google on Monday said it was buying Motorola Mobility for US$12,5bn in what most analysts are seeing as escalation of the software patents war with Apple and Microsoft. But the acquisition holds both opportunities and big risks for the
