Author: Duncan McLeod

Telkom’s mobile business is still flying. In a financial update for the nine months to end-December 2020, published on Monday, the company said service revenue from mobile soared by more than 40% year on year.

Shares in Mustek leapt by more than 13% on Monday after it told shareholders that its headline earnings per share would more than double in the six months ended 31 December 2020.

Telkom on Friday said Dirk Reyneke will replace chief financial officer Tsholofelo Molefe, who resigned in December to join MTN Group, also as CFO.

In a landmark judgment handed down on Thursday, the constitutional court banned the South African state from bulk surveillance of online communication, preventing security agencies from hoovering up Internet data.

Adapt IT has formed an independent board committee to assess Huge Group’s unsolicited bid to buy the software company in an all-share deal valuing it at R795-million.

Tarsus Technology Group CEO Miles Crisp and financial director Joanne Tanner are stepping from the technology distribution company amid a R185-million takeover bid by JSE-listed Alviva Holdings.

Teraco Data Environments has concluded its biggest fundraising round to date, securing R2.5-billion from Absa and other lenders that will be used to build a giant new data centre east of Johannesburg.

Vodacom South Africa boosted investment in its network by 12.3% year on year in the quarter ended 31 December 2020, bringing capital expenditure to R2.7-billion from R2.4-billion in the year-ago quarter.

Icasa has hit back hard at Telkom’s application to interdict the upcoming spectrum auction, warning that if the company is successful, it will serve to entrench Vodacom and MTN’s “duopoly” – the very thing Telkom claims it wants to avoid.

Telecommunications company Huge Group has secured the backing of more than three-quarters of its shareholders for its R795-million pursuit of JSE-listed software services group Adapt IT, it said on Monday.