Corruption allegations surrounding South Africa’s politically connected Guptas ensnared one of Germany’s biggest companies as SAP joined international businesses ranging from KPMG to McKinsey & Co in reporting links with
Telecommunications and ICT provider Vox – formerly Vox Telecom – has launched an integrated IT-as-a-service offering as it moves more to becoming a provider of a full range of IT services. Vox IT-as-a
German software giant SAP has reported alleged misconduct in its South African operation to US authorities responsible for enforcing the US Foreign Corrupt Practices Act and initiated disciplinary procedures against three of four
The wait for a recovery in the wireless network equipment business just got longer with Nokia’s dire third quarter results. The Finnish manufacturer predicted a prolonged slump for the industry, sending its shares
Yet another high-capacity submarine telecommunications system is headed to South Africa’s shores. Alcatel Submarine Networks and IOX Cable on Thursday announced they have signed a contract and will now
Altron has reported a 13% decline in headline earnings per share from continuing operations, to 47c, on revenue that fell 10% to R6.8bn. Bytes UK was a standout performer. The technology group said
Telecommunication & postal services minister Siyabonga Cwele says government will soon establish a task team to engage Telkom on the sale of a portion of its shares to address a revenue shortfall. The minister
Banks around the world have spent the past few years preparing for competition from small, nimble technology start-ups. It turns out the real threat may be Jeff Bezos. Financial institutions have parried the threat from fintech firms by
Finance minister Malusi Gigaba said on Wednesday that government will sell a “portion” of its 39.3% stake in Telkom to ensure the fiscal expenditure ceiling is not breached. “We have decided to dispose of
South Africa forecast higher debt and wider fiscal deficits over the next three years, heightening the risk of further credit ratings downgrades as a fight for control of the ruling party limits policy choices. The nation’s