Worldwide PC shipments will fall by 7,8% in 2013, according to revised research by International Data Corp (IDC). The company had previously forecast a “limited decline” of 1,3% this year, followed by a gradual increase in volume. The new forecast reflects a shift in PC buying
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Perhaps best known for its foray into pornography, TopTV’s anti-climax in the world of broadcasting has resulted in a little-known fact: South Africa has suffered a loss of almost R1,2bn because of this venture, which critics say it should not have flirted with in the first place. Three arms
China’s digital pay-television company StarTimes walked away the winner on Tuesday in the TopTV takeover saga, although at least one of the losing consortiums is considering challenging the legality of the deal. Government will be the biggest loser with losses over R1bn. The meeting
The shareholders and creditors of troubled pay-television operator On Digital Media (ODM), which owns TopTV, have approved a business rescue plan that involves an offer by China’s StarTimes to purchase a direct 20% stake. The required majority of creditors
TopTV parent On Digital Media is turning to China in an effort to stave off business failure. The proposed deal will result in China’s StarTimes taking a 20% stake in the business, the maximum foreign shareholding allowed for South African broadcasters. The troubled operator
Musa Phungula, the man behind a new subsea cable that will link similar systems landing at Mtunzini in KwaZulu-Natal and Yzerfontein north of Cape Town, plans to build two huge, 6000sq m data centres to house servers for international content companies and local telecommunications operators
Over the weekend, the Sunday Independent reported that President Jacob Zuma plans to axe communications minister Dina Pule, after it was discovered that her alleged boyfriend, Phosane Mngqibisa, benefited improperly from the ICT Indaba in Cape Town
Microsoft CEO Steve Ballmer has a great deal riding on Windows 8. Since he took the helm 13 years ago from his friend Bill Gates, the company’s share price has gone nowhere. The software giant is far from sinking, but it’s slowly taking on water. Windows 8 will be a key product in plugging the hole. But
Conduct Telecommunications, a fibre-optic infrastructure developer, plans to spend R500m in the next 12-24 months expanding high-speed communications networks to 100 precincts around the country. The company, which is backed by international private equity firm The Birchman Group
State-owned telecommunications infrastructure company Broadband Infraco has reduced its net losses in the 2012 financial year ended 31 March 2012, reporting a loss for the year of R95m against a loss of R206m in the 2011 financial year.
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