The sale of Altech Autopage’s subscriber base has been referred back to the Competition Commission, putting into question a planned shutdown date. In September, Johannesburg listed
Author: Agency Staff
Failure to get the R22,8bn Eskom wants to recover in its application to the National Energy Regulator of South Africa (Nersa) will weaken the power utility’s balance sheet and worsen its financial ratios, Eskom finance director Anoj Singh said on Wednesday. Eskom has
The rand tanked to its lowest level yet against major currencies on Wednesday evening, shortly after President Jacob Zuma removed Nhlanhla Nene as finance minister and replaced him with largely unknown David van Rooyen. By midnight, the rand was trading at
President Jacob Zuma on Wednesday announced the removal of finance minister Nhlanhla Nene from the finance portfolio in cabinet. “I have decided to remove Mr Nhlanhla Nene as minister of finance, ahead of his deployment to another strategic position,” Zuma said in a
More than three in four South Africans who were asked for a bribe ended up paying one, according to a survey conducted by the Ethics Institute of South Africa. The average traffic bribe costs around R200, it found, while most bribes were
Vodacom will no longer acquire Neotel’s spectrum. Instead, the mobile operator has agreed that Neotel will offer a “roaming agreement” to all the mobile network operators. The surprise development comes after Vodacom and Neotel asked the
Global smartphone shipments are losing steam, but lower-priced devices and the African market are likely to be engines of growth, says an international research organisation. International Data Corp last week forecast that global smartphone growth
Yet another competitor is poised to enter the increasingly crowded video-on-demand market in South Africa. However, the new player, called SAVuka TV, is promising something a little
Africa received a US$10bn boost of help to build out its renewable energy sources, with Germany leading the advanced economies in its contribution. Germany’s environmental minister, Barbara Hendricks, made the announcement on Monday on the
SABC chief operating officer Hlaudi Motsoeneng’s lawyer, Zola Majavu, told journalists that the corporation knew his client did not have a matric certificate when he was first hired in 1995. Majavu, speaking at Motsoeneng’s disciplinary hearing