Company News

Digital disruptors dislodge ageing business models

Chief Technology Advisor for SAP Africa, Simon Carpenter

by GIFT NDOLWANE JOHANNESBURG, (CAJ News) – AIRBNB, Alibaba and Uber have been cited as confirmation digital disruptors are designing a new world that leverages technologies to change their respective industries. Digital trends expert, Simon Carpenter, the Chief Technology Advisor at SAP, said the emergence of these companies had left traditional linear business models under threat. He cited multibillion startups ...

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Metrofile attains positive growth over past year

Pfungwa Serima

JOHANNESBURG, (CAJ News) – METROFILE Holdings Limited, the Johannesburg Stock Exchange-listed market leader in records and information management, has reported positive growth results for the half year ended December 31, 2016. Revenue increased by 1,6 percent to R380,7 million as headline earnings increased by 3,3 percent to R70,8 million. Both headline earnings per share and basic earnings per share increased ...

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MTN loses top Africa ranking after Nigeria troubles

MTN

LAGOS – SAMSUNG, the electronics firm, has defied the controversy around its flagship model last year to emerge as the continent’s most-admired brand. It has knocked mobile operator, MTN, to that accolade as the South African-headquartered firm still reels from its own mishaps in Nigeria, Africa’s biggest economy. Regulators fined the company over US$5 billion for its failure to disconnect ...

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Internet of things shakes African oil & gas sector

Oil exploration using technology

by SAVIOUS KWINIKA JOHANNESBURG – A technology expert has encouraged oil and gas companies in the continent to make the most of the proliferation of software to overcome the upheavals afflicting the sector. Falling crude oil prices have put immense strain on the entire oil value chain, while the increasing availability and affordability of renewable energy sources means oil and gas ...

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Samsung unveils new innovations at Cape Town forum

Samsung technology

from MTHULISI SIBANDA in Cape Town CAPE TOWN – THE Samsung Africa Forum began in Cape Town on Wednesday with the Korean electronics firm reiterating its commitment to the continent. The eighth edition of the summit creates a platform for the firm to demonstrate its smart technology products and designs for the year- a major highlight thus far being the ...

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Funding secured to accelerate MTN growth in Iran

MTN Irancell

JOHANNESBURG – IRAN’S leading internet company has announced the closing of a funding round led by MTN Irancell, an entity of the South African-based mobile network operator. The Iran Internet Group (IIG), with several million unique and paid transactions every month, whose ventures include the by far market-leading car hailing platform Snapp, has secured the funding in a move that ...

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Huge growth in money transfers to Tanzania

Tigo Pesa, Tanzania

ARUSHA – DIGITAL money transfer service, WorldRemit, is consolidating its rapid expansion into Tanzania. It is supporting the growing demand for instant remittances to the country from over 4 million expatriates living abroad. The company achieved a new record of 10 000 unique transactions completed in the month of December 2016 alone. It also attained 150 percent year-on-year growth in ...

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Hi-speed internet boost for Kenya SMEs

Hi-speed internet

NAIROBI – SMALL and medium-sized enterprises southwestern Kenya are set to benefit from high-speed internet launched by Safaricom. Dubbed “fibre for business”, the service has been launched in Kisii town as part of the mobile operator’s ‘Ready Businesses’ initiative. Safaricom’s Head of Western/Nyanza region, George Ndhiwa said that SMEs are now embracing fibre network because of its benefits. “Fibre for ...

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First Pan-African fibre player is born

Neotel

JOHANNESBURG – LIQUID Telecom, majority owned by Econet Global, has announced an agreement to acquire South African communications network operator Neotel in what is hailed as the creation of the first Pan-African fibre player. The shareholders of Neotel –Tata Communications of India and minority shareholders led by Nexus Connexion (Nexus) – have agreed a fee of R6,55 billion (US$489 870 ...

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Massive adoption of Facebook’s Lite version

Facebook

JOHANNESBURG – FACEBOOK is rolling out its Lite offering to more countries following a positive uptake. The company expressed excitement announcing more than 200 million people now use Facebook Lite monthly. “Since people enjoy using FB Lite, we will continue rolling it out to other countries around the world,” Facebook stated. In August 2009, Facebook announced the rollout of a ...

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