A day after announcing a plan to unbundle pay-television unit MultiChoice, Naspers’s online classifieds business OLX has made a R1.4-billion investment in specialised car-buying service Webuycars.
Oracle has reported sluggish quarterly sales and projected anaemic growth in the current period, signalling it continues to stumble in its transition to cloud computing.
Most studies of the impact of artificial intelligence on jobs and the economy have focused on developed countries such as the US and Britain. But the gravest threat AI poses is to emerging economies.
Netflix won the most Emmy awards of any TV network on Monday night, capping a sudden and dramatic rise to the top of the entertainment industry for a company that got its start as a DVD-by-mail operation.
MTN Group may list its Ugandan unit following government pressure on Africa’s biggest wireless carrier by subscribers to increase local ownership in the East African country.
Naspers has announced it plans to list its video entertainment business on the JSE while at the same time unbundling the unit to shareholders.
The SABC’s plan to cut costs, including going through a possible retrenchments programme, has hit a political brick wall.
More than half of South Africa’s core coal plants are running low on fuel, with at least four holding less than 10 days of supply, and the country’s power utility plans on trucking and railing emergency stocks as far as 400km.
Marc Benioff, the billionaire co-founder of software maker Salesforce.com, is making a play to project his influence far beyond Silicon Valley with the purchase of Time magazine.
Econet Wireless Zimbabwe is in talks about restructuring the company, according to two people familiar with the matter. The restructuring may be related to a planned listing of Liquid Telecom.