Massive restructuring at ConvergeNet

Deteriorating financial performance has prompted the restructure of ConvergeNet, entailing the closure of the company’s head office, the disposal of some non-core subsidiaries, rationalisation of its legal structure, and a restructuring of the authorised and issued...

Clarity sought on new SABC channel

The South African Broadcasting Corporation’s (SABC’s) decision to launch its 24-hour news channel on pay-TV MultiChoice’s platform needs clarity on its business case. This is according to the DA’s shadow minister of communications, who adds this is particularly...

Entries open for African Innovation Prize

The African Innovation Foundation (AIF) has called for entries for the 2014 Innovation Prize for Africa (IPA). The prestigious prize aims at encouraging innovations that contribute to sustainable development in Africa. The winning submission will be awarded a prize of...

Samsung sees increased revenue, profit

Samsung Electronics has reported revenues of 57,46-trillion won (R505 648-billion) on a consolidated basis for the second quarter ended June 30, 2013 – a 9% increase from the previous quarter. Consolidated operating profit for the quarter reached 9,53-trillion...

Slower growth seen for outsourcing

The worldwide IT outsourcing (ITO) market is forecast to reach $288-billion in 2013, a 2,8% increase in US dollars (and 5,1% in constant currency) from 2012, according to Gartner. Compared with Gartner’s previous forecast, nearly all ITO segments are now...