Muhammed Yunus, a 2006 Nobel Peace Prize winner and founder of Grameen Bank, sparked a movement with the simple question: “If you are a socially conscious person, why don’t you run your business in a way that will help achieve social objectives?” Today’s young tech entrepreneurs have inherited Yunus’s vision
Telkom came out guns blazing at Competition Tribunal hearings this week, warning that if it were fined the maximum allowed for alleged anticompetitive behaviour last decade, its business could be put in jeopardy. Does the fixed-line operator have a point or is it all just grandstanding? In its closing
Gugu Duda has been appointed as the new chief financial officer of the SABC, communications minister Dina Pule announced on Wednesday. “Ms Duda has the relevant qualifications, skills, capabilities and experience required for the position,” the communications ministry said in a statement. She would take up the
Tim Cook, Apple’s new CEO, gave a small “State of the Apple” address on Tuesday, touching on the recent accusations of poor working conditions in the factories that make Apple products. He also laid out what the iPhone has done for Apple and why cheap tablets just aren’t worth it. The conversation started
Apple has the best kind of problem: US$90bn in cash burning a hole in its pocket. At the Goldman Sachs Technology and Internet Conference on Tuesday, CEO Tim Cook was asked why the company has not taken the usual moves of buying back stock or issuing a dividend to shareholders. Investors, while happy with the epic stock price
American Tower Corporation (ATC), the company that acquired Cell C’s base station infrastructure last year in a R430m deal, has begun building its own mobile telecommunications towers from scratch in areas where operators have poor coverage. ATC SA CEO Pieter Nel says the company has just completed
After an 11-year partnership, Hitachi Data Systems (HDS) has completed it acquisition of data centre company Shoden Data Systems. Shoden’s management team will remain unchanged and it will retain autonomy in terms of strategy and decision making. HDS hopes the deal will give it a foothold in Africa
First National Bank (FNB) has become the first SA bank to allow personal financial management start-up 22seven access to its customers’ accounts, albeit on a limited basis. The move stands in stark contrast to FNB rival Absa, which has blocked 22seven — specifically its US technology partner Yodlee
Google headquarters must be all high-fives this week. Just hours after the European Commission cleared the company’s proposed acquisition of Motorola, the US department of justice has given its approval to the deal as well. “The division concluded that the specific transactions at issue are
Mozilla has decided to begin work on a touch-enabled version of its popular Firefox Web browser for Microsoft’s upcoming Windows 8 operating system, the company revealed yesterday. Windows 8 allows companies to develop applications for its touch-based Metro interface as well as