Hon Hai Precision Industry’s profit plunged by the most on record after the coronavirus disrupted its China production and walloped global smartphone demand.
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Net1, the company that used to manage the payment of social grants in South Africa, has appointed former Telkom and Eskom chairman Jabu Mabuza as chairman-designate of its board.
Minister Ebrahim Patel has backed down over government’s ban on unfettered e-commerce during level-4 of the lockdown, handing a stunning victory to an industry that has lobbied hard to have the restrictions removed.
A giant subsea cable to help bring more reliable and faster Internet across Africa will cost just under $1-billion (R18.7-billion at the time of writing), according to three people familiar with the project.
Huawei has been barred from fully using Android for at least another 12 months, after Donald Trump extended his executive order banning US firms from working with companies deemed a national security risk.
Electric car maker Tesla plans to introduce a new low-cost, long-life battery in its Model 3 sedan later this year or early next that it expects will bring the cost of electric vehicles in line with petrol models.
Intelsat filed for bankruptcy and said it had obtained $1-billion in new financing that will allow it to keep the satellite service in business while it awaits billions of dollars in proceeds from a spectrum auction.
On the night of 20 April, Christian Klein gained two major responsibilities. He became a father for the second time. And Klein was named sole CEO of SAP.
A massive new submarine broadband cable is to be built around Africa and the Middle East and is being backed by the likes of Facebook, China Mobile, MTN Group, Vodafone Group and Orange.
Telkom’s retail division has slashed the price of digital subscriber line broadband services for six months as part of a promotion.