Africam liquidates…
“In a statement issued yesterday, CEO Peter Armitage cited declining advertising revenues and a sharp decline in traffic since the 11 September terror attack as being contributing factors to the company’s decision to seek provisional liquidation for its SA services. Armitage said a major funder had also reneged on a commitment made earlier this year, and the company had been unable to secure sufficient funding to continue operating.”
Welcome to the personal blog of Gareth Knight. On web 2.0, technology, living in London, business, software, the web, Africa and sustainability. This is the evolution of one Afrikan.
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