Smartphone device sales in South Africa rose by 16% in the third quarter of 2018 as the consumer technology market showed resilience, despite the economy entering a technical recession.
Reunert lifted revenue by 7% in the 2018 financial year to R10.49-billion, buoyed by improvements in the JSE-listed group’s ICT and applied electronics segments.
The US on Tuesday accused China of continuing a state-backed campaign of intellectual property and technology theft even as the world’s two largest economies have descended into a tit-for-tat tariff war.
Facebook chief operating officer Sheryl Sandberg has come under fire for her handling of company disclosures about Russia’s election influence. CEO Mark Zuckerberg came to her defence on Tuesday.
Microsoft is faring better than its more celebrated peers as losses pile up for technology stocks.
The finances of Eskom, Transnet and other companies owned by South Africa’s government have deteriorated to such an extent that they now pose a significant risk to the nation’s finances, the auditor-general said.
Foxconn Technology Group, the biggest assembler of Apple iPhones, aims to cut $2.9-billion from expenses in 2019 as it faces “a very difficult and competitive year”, according to an internal company memo.
Struggling power utility Eskom has extended its load shedding regime from four stages that allow up to 4GW of demand to be shed, or cut, to eight stages providing for up to 8GW to be shed.
Tech stocks are having another rough day with chip makers extending a three-session slide and many of the biggest tech and Internet names adding to Monday’s losses.
After a short break, Duncan McLeod and Regardt van der Berg are back with a new episode of TalkCentral. In the podcast this week, the operators are all a’roamin’.