Author: Duncan McLeod

Just two days after the news that Vodacom’s chief technology officer, Andries Delport, is leaving for Remgro-controlled telecommunications provider CIVH, the group has announced the exit of its chief financial officer, Till Streichert.

Remgro-controlled CIVH is quietly becoming a serious player in South Africa’s telecoms landscape – one that has the potential, if it executes well on its plans, to become a major contender in a rapidly shifting sector.

Telecommunications equipment vendor Ericsson predicts that the worldwide number of 5G subscriptions will soar to 2.6 billion within six years.

Outgoing Vodacom Group chief technology officer Andries Delport will join CIVH as CTO where he will drive the strategy around the Remgro-controlled group’s big expansion plans in the telecommunications sector.

Vodacom Group’s long-serving chief technology officer, Andries Delport, has resigned after 23 years with the telecommunications operator.

JPMorgan has declined to comment on suggestions that it pressured First National Bank, through parent FirstRand, to shut the bank accounts of South African cryptocurrency exchanges.

JPMorgan pressured First National Bank to close the accounts of cryptocurrency exchanges in South Africa, according to two separate sources. FNB has strongly denied that external pressure forced its hand.

There is a “pretty good” chance that MultiChoice Group will launch its standalone “dishless” streaming product by the end of its financial year in March 2020, the company said on Thursday.

Shares in Telkom continued their sharp downward slide on Thursday, flirting with levels last seen more than two years ago, as investors digested the group’s recent interim results and its complicated attempt to buy Cell C.

MultiChoice Group-owned streaming video platform Showmax will launch a cut-price version of its product aimed at smart device users who don’t consume content on a television screen.