RUSSIA'S DST BUILDS UP WEB WAR CHEST
Russian Internet firm Digital Sky Technologies has received a USD388 million investment from South African media company Naspers, giving the company a 29-percent stake in DST. In turn, DST will receive a 39-percent stake in the companies’ joint venture Mail.ru.
GADGET APPETITE STRAINS SUPPLIERS
In response to product shortages at companies like Apple and HTC, suppliers in Asia of components such as memory chips and touch devices are racing to accelerate production. After slashing spending during the recession, many suppliers are struggling to adapt quickly to the shortages, which have come as the result of unexpectedly-high consumer demand. Two of the largest chip manufacturers, Samsung and Toshiba, have both stated that they will increase spending to boost production.
SOUTH AFRICAN BLACKS DUE STAKE IN MTN TO FOSTER EMPOWERMENT
MTN Group unveiled a ZAR8.1-billion plan to sell a roughly four-percent stake to black South Africans, in what it said will be the largest transaction of its kind in the country's telecom industry, writes WSJ. South Africa’s government has ordered companies to sell a stake in their assets for what it calls black economic empowerment under a law which also covers management and director quotas. MTN said it will also offer shares to employees outside management who were discriminated against under apartheid.
Russian Internet firm Digital Sky Technologies has received a USD388 million investment from South African media company Naspers, giving the company a 29-percent stake in DST. In turn, DST will receive a 39-percent stake in the companies’ joint venture Mail.ru.
GADGET APPETITE STRAINS SUPPLIERS
In response to product shortages at companies like Apple and HTC, suppliers in Asia of components such as memory chips and touch devices are racing to accelerate production. After slashing spending during the recession, many suppliers are struggling to adapt quickly to the shortages, which have come as the result of unexpectedly-high consumer demand. Two of the largest chip manufacturers, Samsung and Toshiba, have both stated that they will increase spending to boost production.
SOUTH AFRICAN BLACKS DUE STAKE IN MTN TO FOSTER EMPOWERMENT
MTN Group unveiled a ZAR8.1-billion plan to sell a roughly four-percent stake to black South Africans, in what it said will be the largest transaction of its kind in the country's telecom industry, writes WSJ. South Africa’s government has ordered companies to sell a stake in their assets for what it calls black economic empowerment under a law which also covers management and director quotas. MTN said it will also offer shares to employees outside management who were discriminated against under apartheid.
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