Weak rand not good for manufacturers

As the rand continues its weakening trend against the US dollar, economists have predicted greater potential for local manufacturers to compete positively with imports. “While the weak rand may present certain advantages for exporters, the reality is that local...

Telkom confirms R12bn network impairment

Following a review by the board, Telkom has decided to impair the carrying value of its assets by R12-billion. After the impairment, the net asset value (NAV) per share will be around R34. “We are committed to transforming Telkom’s financial performance,”...

SA teens urged not to drink

As South Africa commemorates Youth Month, the You Decide programme has urged the country’s teenagers to abstain from consuming alcohol, reminding them of the negative consequences to themselves and their future prospects. You Decide is a programme designed to curb...

UDM calls for USAASA investigation

United Democratic Movement (UDM) leader Bantu Holomisa has called for an investigation into the Universal Service and Access Agency of South Africa (USAASA), to address allegations of corruption and maladministration. Holomisa issued an open memo to president Jacob...

Sixth quarter of server decline

Factory revenue in the EMEA server market reached $2,8-billion in the first quarter of 2013, a decrease of 10,5% when compared with the same quarter of 2012, according to the latest EMEA Server Tracker from International Data Corporation (IDC). In euros, revenue...

BI key to re-inventing the business

IT must continue to lay the foundations for a world in which business intelligence (BI) and analytics will play an increasingly important role in reinventing business models, according to Gartner. Up until now, analytics has largely been about IT projects, however, as...