Telkom subsidiary BCX plans to use the proceeds from the sale of non-core assets to build cyber-security, data analytics and internet of things (IoT) businesses, according to CEO Ian Russell. Telkom said last year that BCX would simplify its structure and sell non-core assets, including businesses in other parts of Africa. Russell said on Thursday that BCX would launch a cyber-security business within the next few months, and that the move was a response to "pressing concerns" about data security. The company also plans to grow its new data analytics business, which services retail and fast-moving consumer goods (FMCG) clients. "There’s a lot of work going into that," Russell said. To scale the business, BCX has recently launched a data science academy and will sponsor the tuition of 100 students for the year. "Next year, we’re looking at doubling the size of that [programme], so we’re making a massive double-down investment in data analytics." Meanwhile, BCX is running a number of ...
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