Business ā€“ MyBroadband

MyBroadband is South Africa's biggest and best IT news website, covering the latest international and local IT and tech news.

Efforts to revive the country’s sluggish economy and create much-needed employment are set to receive a major shot in the arm with the launch of Mara Phone’s first cellphone manufacturing plant in South Africa.
Author: SANews
Posted: October 15, 2019, 1:39 pm
EOH Holdings published an update on the investigation into suspicious transactions at the company alongside its annual results for the year ended 31 July 2019.
Author: Jamie McKane
Posted: October 15, 2019, 7:18 am
WeWork’s bankers are pitching investors on what would be one of the riskiest junk-debt offerings in recent years -- potentially giving the venture’s top private shareholders a final chance to avoid having their stakes severely diluted.
Author: Bloomberg
Posted: October 15, 2019, 4:59 am
In his latest bid to reduce losses at Uber, Dara Khosrowshahi fired about 350 employees, in what he said is the “last wave” of workforce reductions.
Author: Bloomberg
Posted: October 15, 2019, 3:20 am
The executive mayor of the City of Ekurhuleni said South Africa must close down the Durban Harbour “to get our full independence from Western Imperialists”.
Author: Staff Writer
Posted: October 14, 2019, 3:01 pm
EOH Holdings informed its shareholders in a statement on Friday that the company's black empowerment partner, Lebashe Investment Group, will not subscribe for a further R250-million tranche in the company.
Author: Staff Writer
Posted: October 14, 2019, 11:50 am
WeWork is considering a bailout that will hand control of the co-working giant to SoftBank Group Corp., according to a person familiar with the matter, one of two main options to rescue the once high-flying startup.
Author: Bloomberg
Posted: October 14, 2019, 5:04 am
Wits University’s Joburg Centre for Software Engineering (JCSE) and the Information Technology Professionals South Africa (IITPSA) have revealed a new study looking at South Africa’s IT industry.
Author: Staff Writer
Posted: October 12, 2019, 1:30 pm
WeWork has published rates for its South African office spaces, with prices varying depending on location and membership plan.
Author: Jamie McKane
Posted: October 11, 2019, 7:02 am
Worldwide shipments of personal computers increased 1.1% in the third quarter from a year earlier, fueled by companies upgrading to Microsoft Corp.’s latest Windows software.
Author: Bloomberg
Posted: October 11, 2019, 5:11 am
Cell C has put core parts of the business up for sale as it struggles with R9 billion of debt and deepening losses.
Author: Bloomberg
Posted: October 10, 2019, 5:17 pm
France’s finance minister said he doesn’t want the European Union to become the latest front in the global trade war, but that the bloc would hit the U.S. with sanctions if a settlement isn’t reached in a long-running dispute over aircraft aid.
Author: Bloomberg
Posted: October 10, 2019, 12:44 pm Inc.’s top spokesman Jay Carney criticized the administration of President Donald Trump on Wednesday, questioning the patriotism and honesty of the current White House.
Author: Bloomberg
Posted: October 10, 2019, 5:17 am
Samsung plans to spend 13.1 trillion won ($11 billion) developing and building next-generation displays, responding to a flood of supply and price pressure from fast-moving Chinese rivals.
Author: Bloomberg
Posted: October 10, 2019, 4:57 am
PayPal Holdings Inc. will report a $228 million loss on investments before taxes in the third quarter, driven in large part by a bad bet on Uber Technologies Inc. just before it went public.
Author: Bloomberg
Posted: October 9, 2019, 3:14 pm