The European Union’s ruling that Apple must pay the Irish tax authorities €13bn in back taxes appears to be a victory for fair tax campaigners. The amount is equal to about 30% of the total tax take in Ireland, or almost €7 000 for every employee in the
South Africa’s cabinet has asked President Jacob Zuma to set up a judicial review to consider creating a state bank as well as the mandates of both the Banking Tribunal and Banking Ombudsman after the nation’s four biggest lenders said they would stop doing business with
South Africa is facing a skills shortage in the information and communication technology (ICT) industry at a time when people should be finding digital solutions to their economic problems. Prof Barry Dwolatzky, director and CEO of the Joburg Centre
A SpaceX Falcon 9 rocket exploded in Florida, marking the second loss of a spacecraft by Elon Musk’s venture in a little more than a year and hobbling an effort by Facebook to spread Internet access in Africa
As South African finance minister Pravin Gordhan tries to fend off a police investigation, his department is engaged in open conflict with key state-owned companies over their management and spending plans. Threatened court action by the national
Acceptance among transport regulators of Internet ride-sharing app Uber is growing, says the company’s Sub-Saharan Africa MD, Alon Lits. Lits was speaking at the FNB Franchise Summit held at Johannesburg’s
Gupta-owned Oakbay Resources and Energy has averted being booted off the JSE by securing a new sponsor with effect from Thursday. This comes after the Guptas announced last Friday that they would sell all their shares in their South African businesses by the end
If you do not question the core of your business model, someone else will, says Uber sub-Saharan Africa MD Alon Lits. Lits was speaking at the FNB Franchise Summit held at Johannesburg’s Montecasino on Thursday. He explained that Uber’s success is attributed
Sony’s Xperia Z5 and Z5 Compact officially have successors. The Japanese consumer electronics giant has taken the wraps off the Xperia XZ and the X Compact, both of which will go on sale in South Africa soon. The 5,2-inch Xperia XZ replaces both the Z5 and the
MTN Group, Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about US$1bn in an initial public offering, a condition tied to the settlement of a record fine imposed by the West African government, people familiar with the plan said.
