Facebook is no longer just about “connecting the world”. CEO Mark Zuckerberg has written a new mission statement: to “give people the power to build community and bring the world closer together”. Zuckerberg has been rethinking
[dropcap]L[/dropcap]iquid Telecom believes there is a big opportunity to exploit the spectrum assets held by Neotel, the company it acquired…
It would be nice to think that Uber’s problems are going to be fixed with the resignation of its CEO, Travis Kalanick. Of course, the shareholders who instigated the demand for his resignation were not necessarily expressing a
As Travis Kalanick was in Chicago interviewing a candidate to be his deputy at Uber Technologies, two investors were on a plane to deliver the news that they wanted the CEO gone. Matt Cohler and Peter Fenton, partners at venture capital firm
Inflation rate rose for the first time this year in May after food-price growth quickened from the slowest pace since December 2015. Consumer price inflation accelerated to 5.4% from 5.3% in April, matching
South Africa’s top court ruled that the speaker of parliament can decide to allow a secret vote on a no-confidence motion in President Jacob Zuma but isn’t required to do so. The judgment leaves the issue in the hands of
Liquid Telecom, which recently concluded the R6.5bn acquisition of Johannesburg-headquartered Neotel, is raising US$700m (about R9bn) in long-term debt as it eyes further investment in network infrastructure in South Africa
Travis Kalanick made Uber a global force by breaking all the rules. The next chief executive will have to be a diplomat, power-sharer and defender of the internal controls long neglected at the world’s most valuable start-up. It’s
Four years after Blackstone Group and Silver Lake Management battled to take Dell private, buyout firms are back in the market for big leveraged technology deals. BMC Software, owned by Bain Capital and Golden Gate Capital
At the rate foreign investors are deserting South African stocks, the country’s main index should be in decline. It’s not, thanks largely to two shares that draw their strength from Hong Kong and Zurich. The JSE’s benchmark is up 0.6%