Teraco raises R1,2bn for data centre expansion

Teraco, Africa’s largest carrier & cloud neutral colocation data centre and home to NAPAfrica, Africa’s largest Internet exchange point (IXP), has raised a R1,2-billion medium-term funding facility from Absa. Jan Hnizdo, chief financial officer of...

The darker side of social media

Social media gives users the freedom to communicate with their loved ones – however it could also damage real-life relationships. Research from Kaspersky Lab shows that a third of people have less face-to-face communication with loved ones, and 21% of parents...

Google trains 1m Africans in digital skills

Google has reached the 1-million milestone in its Digital Skills programme. On 16 April 2016, the company committed to training 1-million Africans on digital skills within a year. Today, it confirmed that it has reached its target early, and has set itself to train...

Transport hits out at Tasima over eNatis

Minister of Transport Dipuo Peters is taking legal counsel to compel Tasima to comply with the Constitutional Court decision handed down on 9 November 2016, which found that the extension to the contract to Tasima was granted in contravention of the Constitution, the...

Revenue up 21%, profit up 29% for EOH

EOH reports that revenue for the latest six months increased by 21% to R7,239-billion and profit after tax is up by 29% to R597-million. Earnings per share (EPS) and headline earnings per share (HEPS) have grown by 23% and 22% respectively. Cash has increased by 32%...

Late payments: SA’s SMEs better off

Getting paid on time is the number one financial challenge for half of South Africa’s small business owners, according to research by Xero. However, a comparison has discovered that South Africa’s small businesses are still better off than their UK...