[ad_1] Mustek assembles and distributes PCs and complementary ICT products, services and software in SA. PC distributor Mustek has suffered a huge decline in revenue for the six months ended 31 December.The JSE-listed company, which assembles and distributes personal computers and complementary ICT products, services and software in South Africa, announced its financial results today.The firm’s distribution business encompasses the distribution of laptop brands, gaming equipment, printers, desktop and similar hardware.According to the distributor, revenue decreased by 14% to R3.66 billion (31 December 2023: R4.27 billion) because of economic constraints, lower consumer demand and being selective in only pursuing deals…
Author: Chris Anu
[ad_1] Mustek’s head office in Midrand, Johannesburg JSE-listed Mustek, currently the subject of a takeover bid by Novus Holdings, has reported a 74.3% decline in interim headline earnings per share (Heps), with management blaming the economy and other external factors for the poor performance. Heps for the half-year ended 31 December 2024 was 23.47c, down from the 91.34c reported in the 2023 financial year. Revenue also slid, down 14.1% year on year to R3.7-billion. Operating profit fell by 47.1%, although gross profit rose by 13.8% as the result of a “more favourable product mix”. “The group’s performance remained under pressure,…
[ad_1] Dr Drew MacFarlane, head of GSMA Advance. MWC25 Barcelona: The GSM Association (GSMA) has partnered with the N50 Project, to tackle digital poverty and bridge the digital divide.The partnership was announced at this year’s MWC Barcelona, formerly Mobile World Congress Barcelona, currently under way in Spain.Led by GSMA Advance – the GSMA’s educational division – the new skills training initiative will offer over 100 fully-sponsored scholarships to individuals and communities worldwide, providing access to specialised digital training resources and educational courses.According to the mobile industry body, through the scholarships, applicants will further their knowledge through GSMA Advance’s curriculum, which…
[ad_1] CT International, established in 1988 to provide funding to the consumer product finance industry, faced a significant challenge: its existing service provider wasn’t delivering the expected level of service, particularly when it came to API integration. This led to inefficiencies and limitations in its operations, making it clear it needed a more capable and reliable solution. Graham Russon, IT manager at CT International, explained that when the company was searching for a new provider, Telviva’s sales team stood out due to their professionalism and expertise, while the cooperative and helpful approach from Alun Davies (a new business developer at…
[ad_1] Jacqueline Shi, president of Huawei Cloud global marketing and sales service. MWC25 Barcelona: Huawei Cloud aims to expedite the cloud services evolution from cloud-native to artificial intelligence (AI)-native.This, as the company revealed that Huawei Cloud expanded by over 50% in 2024, outside of the Chinese mainland, becoming a “preferred partner” for numerous organisations.This came to light at the Huawei Cloud Summit, hosted ahead of MWC Barcelona 2025, formerly Mobile World Congress Barcelona.Huawei is among the many vendors that are this week showcasing their technologies and solutions at the GSM Association-run flagship mobile connectivity conference.According to Huawei, countries and companies…
[ad_1] Communications minister Solly Malatsi is considering a streaming levy, which would apply to all South Africans who subscribe to local and international streaming services, as an option to help solve the funding crisis at the SABC. Though not a formal proposal yet, the idea would be to exempt those who pay for a TV licence from paying the levy. In a response to a parliamentary question by Inkatha Freedom Party MP Khethambala Sithole, Malatsi said deficiencies in the TV licence model have forced government to look at other methods to fund the public broadcaster. The current TV licence model…
[ad_1] Ha Hoang, the new CIO of Commvault. Commvault, a global provider of cyber resilience and data protection solutions, has appointed Ha Hoang as its new chief information officer (CIO).With over 25 years of experience in heading up enterprise technology transformation initiatives for Fortune 500 companies, Hoang brings a wealth of expertise in cloud strategy, software-as-a-service optimisation and global infrastructure operations, says Commvault.In her new role, Hoang will focus on advancing next-generation cloud, security and artificial intelligence (AI) technology initiatives and operations, it adds.She will work closely with Commvault’s engineering and product teams to drive innovation.Before joining Commvault, Hoang was…
[ad_1] Consumers no longer require a smartphone app to shop for groceries on the Checkers 60Sixty service. Shoprite Holdings has announced that users can now shop Checkers Sixty60 on the web, in the same way they might order products from Takealot or Amazon from their computers. Until now, shoppers have had to utilise the smartphone app – meaning shopping on a computer desktop running macOS, Windows or Linux was not officially supported. The new desktop shopping service, which is available through any supported web browser in beta form at beta.sixty60.co.za, is good news for users like office workers who might…
[ad_1] Graphic: Xsolla Xsolla, a leading global video game commerce company, announces the launch of Xsolla Offerwall, a dynamic solution designed to enhance game monetization and player engagement. One of the most significant challenges for developers is monetizing players who do not make in-app purchases. Xsolla Offerwall empowers developers to create a balanced monetization strategy by allowing players to earn virtual rewards by completing quests or actions from advertisers—driving engagement and revenue growth.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250304356626/en/Xsolla Offerwall stands out in the industry by offering developers and publishers up to 90% revenue share, far…
[ad_1] Vodacom South Africa has been dealt a blow in its spectrum pooling court battle against a litany of respondents, including its rivals MTN and Cell C, Liquid Intelligent Technologies, and communications regulator Icasa. The high court in Pretoria has dismissed Vodacom’s application for an urgent interdict that, if successful, would have seen spectrum pooling arrangements between MTN and Cell C, as well as MTN and Liquid, ordered dismantled by the court pending the outcome of the upcoming second part of the court case, which will focus on the legality of the arrangement proper. Vodacom, in its original filing to…
