Embattled Kodak, which stopped manufacturing photographic film last year and filed for chapter 11 bankruptcy in January, wants to reinvent itself as a company focused on consumer and commercial printing, rather than on image capturing. To this end, Kodak’s SA operation signed a deal with Incredible Connection
Browsing: Naspers
Stellenbosch-based social networking company MXit has a one-year window of opportunity to improve and expand its products and services if it’s going to fend off an onslaught of rival services like instant-messaging application WhatsApp, says its new CEO, Alan Knott-Craig. “The main risk
Internet service provider (ISP) MWeb said on Tuesday that its group CEO, Rudi Jansen, is stepping down at the end of February after 15 years at the Naspers-owned subsidiary. Jansen has held the position of CEO since 2005. DStv Mobile CEO
Listed companies whose empowerment share schemes have come out of their lock-in periods have largely shunned the JSE’s black economic empowerment (BEE) trading platform for their own options. The stock exchange’s BEE platform, launched in February
Shareholders in Phuthuma Nathi, the black empowerment vehicle that owns 20% of MultiChoice SA, have the right to begin trading the shares next Thursday, 8 December, when a five-year lock-in period expires. MultiChoice SA group CEO Imtiaz Patel says
Multinational media company Naspers released its interim results for the six months to 30 September on Tuesday. They show subsidiary Multichoice has enjoyed far slower growth than in 2010 but the group’s Internet interests are expanding rapidly and accounting
In notes accompanying its interim financial results, released on Monday, Telkom has confirmed that by 2015 the slowest broadband package on its fixed-line network will offer download speeds of up to 2Mbit/s, from 384kbit/s now, and up to 40Mbit/s at the top end. The company has also
Telkom did something last week no one thought it ever would: its Internet service provider, TelkomInternet, jumped onto the uncapped broadband bandwagon, adopting a market trend started 18 months ago by its rival, MWeb. The news came as a
Alan Knott-Craig Jr is looking for attention. He wants so much of it, in fact, that he’s just bought the attention of 40m people in 120 countries. Yes, I’m talking about the MXit acquisition. Last week, in a completely unexpected move, Knott-Craig swooped in and bought Africa’s biggest social
World of Avatar, the technology investment vehicle headed by Alan Knott-Craig, said on Thursday it is buying social media and instant messaging platform MXit from media group Naspers and the service’s founder, Herman Heunis. But does the deal make sense?