Telecoms transformation fight puts billions on ice

Telecoms transformation fight puts billions on ice

Minister of communications and digital technologies, Solly Malatsi. (Graphic: Nicola Mawson.) The year 2025 came to an end without the resolution of an apparent conflict over extending Equity Equivalent Investment Programmes (EEIPs) into the telecoms sector – a policy shift that could see billions in additional foreign direct investment and the creation of thousands of…

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SoftBank adds .5bn investment in Open AI

SoftBank adds $22.5bn investment in Open AI

OpenAI was founded in December 2015 as a non-profit AI research lab. Japanese multinational investment company SoftBank has completed an additional investment of $22.5 billion in OpenAI at the second closing of the company’s investment of up to $40 billion committed on 31 March, 2025. As a result, SoftBank says it has fully satisfied its…

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City Power’s IT systems suffer outages

City Power’s IT systems suffer outages

Power utility City Power’s IT systems are experiencing outages that are affecting critical services for Johannesburg residents. Power utility City Power’s IT systems are experiencing outages that are affecting critical services for Johannesburg residents. In a statement yesterday, City Power informed customers that both the Forcelink and SAP systems are currently experiencing a temporary outage….

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First Technology Western Cape delivers the tools – and intelligence

First Technology Western Cape delivers the tools – and intelligence

The pace of business moves so quickly today that companies need more than just technology. They need solutions that work together seamlessly. They must manage the challenge of managing complex IT procurement while also identifying opportunities for automation and more intelligent workflows. By combining access to essential hardware with expertise in implementing automation, organisations can…

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Lou Gerstner, the man who saved IBM, dies at 83

Lou Gerstner, the man who saved IBM, dies at 83

Lou Gerstner speaking in 1998/Reuters Louis Gerstner, the former CEO and chairman of IBM, died on Saturday, aged 83. IBM chairman and CEO Arvind Krishna announced Gerstner’s death in an e-mail on Sunday to employees, but did not provide a cause of death. “Lou arrived at IBM at a moment when the company’s future was…

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