Business Connexion has overtaken long-time incumbent Dimension Data to become the top IT company in South Africa as measured by its share of the market’s value, according to new research by International Data Corp. BCX’s performance is due to strong annuity-based
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Vino Govender, the former CEO of On Digital Media, which operates DStv rival TopTV, has agreed to resign as director and CEO of First National Media Investment Holdings, one of the pay-television operator’s founding shareholders, after an ultimatum from the Industrial Development Corp
The fall-out from the business failure of MultiChoice rival On Digital Media, the owner of TopTV, continues unabated with news that the Industrial Development Corp has taken three of the pay-TV operator’s major shareholders to court seeking to recover more than R750m
More trouble has rocked TopTV parent On Digital Media (ODM), still the only direct-to-home pay-television rival to MultiChoice and its DStv service. Two disgruntled ODM shareholders have taken the company and its business rescue practitioner, Peter van den Steen, to the high court in an effort
Annual spending on IT in South Africa will increase by 6,3% in 2014, to reach US$14,6bn (about R146bn), according to research and advisory firm International Data Corp (IDC). Over the next five years, the biggest IT spenders will be consumers, financial services, government and the communications
South Africa’s young yet lively venture capital ecosystem is building momentum, with the increased availability of funding mechanisms for innovation being one important driver of this growth. Practitioners in the industry point out that successful venture capital-backed businesses rely on far more
On 18 July, Microsoft announced yearly profits of nearly US$22bn. Its shares immediately plunged by more than 11% and have yet to recover. What has made investors so nervous? Part of the problem is around expectations. Investment analysts had been expecting an additional $1,35bn in profit
Puleng Kwele, who was appointed as CEO of Broadband Infraco in 2012, believes the state-owned wholesale fibre-optic infrastructure provider, whose clients include Neotel, MTN and Cell C, is poised to turn around its fortunes in the financial year ended March 2014
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
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