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Treasury, PIC at odds over Telkom stake sale

22 Sep, 2017

National treasury is pressuring the continent’s biggest money manager to provide as much as R100bn to fund struggling state companies, according to two people with knowledge of the situation. The Public Investment Corp, which

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SAP to publish results of SA probe next month

22 Sep, 2017

German enterprise software giant SAP has undertaken to publish the outcome of an external probe into alleged wrongdoing at its South African unit during the last week of October 2017. In a statement late on Friday, SAP said the

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TalkCentral: Ep 191 – ‘Pocket God’

22 Sep, 2017

It's the weekend, and that means it's TalkCentral time. In this week's podcast, Duncan McLeod and Regardt van der Berg chat about the biggest technology news, including the improvements MultiChoice

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Eskom the ‘biggest risk to SA’s economy’

22 Sep, 2017

Debt and corruption scandals at Eskom make the utility the biggest risk to South Africa’s economy and the government needs to replace its management, Goldman Sachs Group has said. Eskom plans to

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London revokes Uber’s operating licence

22 Sep, 2017

Uber Technologies’ licence to operate in London has been revoked, a surprise decision that will affect the 3.5m people and 40 000 drivers who use the app in the city. The city’s transportation regulator, Transport for London, said the

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Electric cars poised for their ‘iPhone moment’

22 Sep, 2017

It’s been 10 years since Apple unleashed a surge of innovation that upended the mobile phone industry. Electric cars, with a little help from ride-hailing and self-driving technology, could be about to pull the same

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McKinsey targeted in action over Eskom contracts

22 Sep, 2017

Public enterprises minister Lynne Brown has instructed Eskom to begin legal action against companies including McKinsey & Co over their involvement in disputed contracts at the state-owned electricity

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Interview: Inside Pick n Pay’s bitcoin trial

22 Sep, 2017

In this episode of TechCentral, Duncan McLeod chats to Pick n Pay information systems executive Jason Peisl about the retailer's bitcoin trial. In the podcast, Peisl explains why Pick n Pay decided to test bitcoin

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Mixed reviews for Apple’s new products

22 Sep, 2017

Despite the strength of its brand, Apple occasionally releases a product to mediocre reviews -- remember the original Apple TV or Apple Watch? But reviewers have rarely been as grumpy as this month, when Apple unveiled its

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SAP ‘kickbacks’ probe still ongoing

21 Sep, 2017

A team of experts from international law firm Baker McKenzie is still busy with its investigation into a "kickbacks" scandal at the South African subsidiary of German software giant SAP, the company

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Guptas lose crucial court bid

21 Sep, 2017

Companies controlled by the Guptas lost a court bid to prevent Bank of Baroda from shutting their accounts, which would leave the politically connected family without banking services in South Africa from the end of this month

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DStv Now coming to all MultiChoice subscribers

21 Sep, 2017

MultiChoice plans to launch its streaming video platform, DStv Now, will for subscribers across all of its bouquets by the end of the year, including Family, Access and EasyView. DStv Now is already available for subscribers to DStv

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Google deal does not solve HTC’s problems

21 Sep, 2017

It was a long wait, but Thursday morning finally looked like the time to congratulate HTC on a smart move. Except I can't. HTC messed up. Taiwan's iconic smartphone maker is selling 2 000 of its best and brightest engineers to

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Google firms up $1.1bn HTC deal

21 Sep, 2017

Google agreed to buy part of HTC’s engineering and design teams for US$1.1bn, taking on a cadre of veterans that worked on the Pixel phone and could bolster its nascent hardware business. Google is taking on

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Reserve Bank holds rates steady

21 Sep, 2017

The Reserve Bank unexpectedly kept its benchmark lending rate unchanged because it’s concerned about higher inflation expectations. The rand rallied. The central bank’s monetary policy committee

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Google set to gobble up phone maker HTC

20 Sep, 2017

Google is close to acquiring assets from Taiwan’s HTC, according to a person familiar with the situation, in a bid to bolster the Internet giant’s nascent hardware business. By owning a manufacturer outright, Google could gain tighter

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Project Ubu launches token sale

20 Sep, 2017

South African start-up Project Ubu, which is working to combine the idea of a universal basic income (separate from government-led initiatives) with a blockchain-housed cryptocurrency, has announced plans to

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China’s crackdown on crypto: a sign of things to come

20 Sep, 2017

The Chinese government’s decision to order several bitcoin and other cryptocurrency exchanges to close shows how much of a threat they are perceived to be to financial stability and social order in China. The

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Bitcoin may be heading for another split

20 Sep, 2017

Bitcoin will probably see another splintering off in November as miners and developers debate how best to scale the cryptocurrency’s rapidly growing marketplace, says investor Roger Ver, CEO of Bitcoin.com. In

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Can SA sustain five stock exchanges?

20 Sep, 2017

Last week, the Financial Services Board granted the fourth new stock exchange licence issued in the past two years. The licence was awarded to Equity Express Securities Exchange, and follows those given to ZAR X

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