Browsing: Mteto Nyati

Microsoft and the department of trade and industry are on the verge of making an announcement about the software company’s long-awaited black economic empowerment deal

Microsoft’s proposed R472m black empowerment deal will finally come to fruition after months of delays and discussions with the department of trade & industry. Microsoft was supposed to announce the names of four

Microsoft is waiting for the department of trade & industry to give it the go-ahead for its empowerment plan where it wants to invest nearly R500m in several local black-owned software development companies.

Microsoft SA MD Mteto Nyati has been appointed as a nonexecutive director on the board of JSE-listed telecommunications group Blue Label Telecoms. Nyati, who has headed Microsoft’s SA operation for the past two years, takes up the role from today.

Microsoft will at the end of August announce the names of the black-owned SA companies into which it plans to invest nearly R500m. That’s the word from Microsoft SA spokesman Adrian Wainwright, who says the company has received more than 650 applications from interested IT companies.