Avvatta, the brainchild of the former CEO of Cell C’s now-defunct entertainment platform, Black, has been launched, promising more competition in the already-crowded streaming video market in South Africa.
Author: Duncan McLeod
Duncan McLeod
Duncan McLeod is founder and managing editor of TechCentral. With more than 30 years of experience in technology journalism, he has worked for and contributed to a range of publications, including the Financial Mail, the Sunday Times and the Financial Times.
President Cyril Ramaphosa on Thursday moved to deal with the electricity supply crisis harming the South African economy by lifting the limit on self-generation of power to 100MW.
The pan-African pay-television operator, which owns DStv and SuperSport, has lifted its subscriber base by 1.4 million in the past year to reach 20.9 million households.
The president has encouraged mobile operators, Icasa and the department of communications to engage in mediation to get South Africa’s spectrum auction back on track.
MultiChoice Group is increasing its stake in BetKing, an Africa-focused sports-betting platform operator, to a non-controlling 49% investment for R3.8-billion.
African Equity Empowerment Investments, controlled by Iqbal Survé’s Sekunjalo Group, has told Britain BT Group that it can’t exercise a call option to terminate its agreements with the company.
EOH Holdings announced on Tuesday that it has sold subsidiary Sybrin for a cash consideration of R334.4-million. The money will be used mainly to pay down debt.
The high court has delivered a damning judgment against Public Protector Busisiwe Mkhwebane, who had sought to shield Lumko Mtimde, the former CEO of Usaasa, from disciplinary action and dismissal.
Naspers is participating in a R201-million funding round involving Cape Town-founded start-up WhereIsMyTransport, along with fellow investors Cathay AfricInvest Innovation Fund and SBI Investment.
Volaris Group, the Canadian firm pursuing JSE-listed software services group Adapt IT, has sweetened its all-cash offer to R7/share in an effort to see off a rival bid from South Africa’s Huge Group.