Author: Duncan McLeod

The SABC wants a government proposal that it be required to distribute its television programming exclusively through Sentech scrapped, warning that it’s already being disadvantaged by “monopoly” pricing.

Technology group Mustek has reported a stellar, 166.7% jump in headline earnings per share in the six months ended 31 December 2020 on revenue that rose 23.7% to R3.7-billion.

In a surprise development, Takealot.com has announced that its CEO, Kim Reid, is stepping down from the role. He is not leaving Takelot, though – he will become chairman of South Africa’s largest online retailer later this year.

Cell C is showing signs of having turned the corner, at least when it comes to its income statement – the company’s balance sheet still needs fixing through a planned recapitalisation.

Woolworths delivered a more than 58% improvement in headline earnings per share in the 26 weeks ended 27 December 2020, with the retail group benefiting, in part, from a big focus on e-commerce.

A group of human rights lawyers has launched a class-action lawsuit against Uber South Africa, seeking to support the company’s thousands of local drivers with better pay and benefits.

Communications regulator Icasa said on Monday that it will delay by a month publication of the names of the bidders who have qualified to take part in South Africa’s upcoming spectrum auction.

Naspers and Prosus CEO Bob van Dijk does not expect Amazon.com to enter South Africa’s e-commerce sector “any time soon” given the “really good job” being done by Naspers subsidiary Takealot.com.

Blue Label Telecoms will report slight growth in headline earnings per share of between 0% an 4% for the six-month reporting period ended 30 November 2020.

Vox has secured new debt facilities, lead-arranged by Investec and also involving Standard Bank and Rand Merchant Bank, to allow it to ramp up its deployment of fibre broadband infrastructure.