It took Alphabet’s Waymo seven years to design and build a laser-scanning system to guide its self-driving cars. Uber Technologies allegedly did it in nine months. Waymo claims in a lawsuit filed on Thursday that was possible
The board of Cell C has rejected overtures from rival Telkom to acquire the mobile operator and said it is “unable and not willing to pursue any discussion” with South Africa’s fixed-line incumbent. The move appears to pave the
Bill Venter will next week step down as chairman of Altron, the group he founded more than 50 years ago. He will be replaced by Mike Leeming, a retired banker who has been on the Altron board since 2002. Venter will assume a
Telkom’s chief commercial officer is stepping down. Brian Armstrong will “retire” at the end of March, group CEO Sipho Maseko said in an e-mail to employees on Thursday. Armstrong joined Telkom in 2010 from BT Global Services
Let’s say this upfront: buying shares in Snapchat’s initial public offering next week is an act of lunacy. It’s nuts to buy stock of a company with just a two-year track record of generating revenue, a loss of $1,27 for each
Former Eskom CEO Brian Molefe was sworn in as a member of parliament for the ANC on Thursday morning. He was controversially nominated to take up an MP seat by the ANC in the North West, prompting
When astronomers eyeball little stars twinkling through their telescopes, they now know for certain that circling around some of them are worlds not unlike our own. On Wednesday, an international research team using
Spending on IT at Absa parent Barclays Africa Group spiked by 17% to reach R7,4bn in the 2016 financial year ended 31 December, accounting for 19% of group costs. And the figure looks set to rise further still. Barclays Africa Group said on
Fitbit’s fourth-quarter revenue fell 19%, hurt by fading consumer demand for its once-popular wearable fitness trackers. Revenue in the quarter – which includes the holiday shopping season – dropped to $573,8m, the
While being questioned for allegedly bribing South Korea’s president, Samsung Group’s Jay Y Lee is locked up at a prison notorious for housing convicted billionaires, a serial killer and the hangman’s noose. That doesn’t mean he’s