Author: Duncan McLeod

In a pre-closing update ahead of the publication of the group’s interim financial results for six months to end-January 2020, EOH signalled that it’s slowly turning the corner, operationally at least.

It’s not all doom and gloom at Cell C, apparently. The debt-laden mobile operator has managed to scrounge up the cash to renew its sponsorship of Sharks Rugby.

Communications minister Stella Ndabeni-Abrahams has appointed Basil Ford as administrator of Usaasa, the government agency charged with bridging the digital divide in South Africa.

Cell C has defaulted on the payment of interest on a $184-million loan, which was due in December 2019, along with interest and capital repayments related to bilateral loan facilities with various lenders.

The Wacs cable, one of two cable systems damaged earlier this month due to a suspected undersea earthquake, will probably only be fixed on 8 February.

With a fixed-line business under pressure, an IT services company feeling the pinch and a mobile business facing strong competition, Telkom CEO Sipho Maseko has a difficult road ahead of him. By Duncan McLeod.

Telkom has blamed the dominance of Vodacom and MTN as well as “fundamental changes” sweeping South Africa’s telecoms industry for its decision to let go of as many as 3 000 employees.

Sikonathi Mantshantsha, a fierce media critic of Eskom, has been appointed as the company’s new national spokesman.

Naspers plans to sell about 22 million shares in Prosus to increase the free float of its European-listed Internet spin-off.

Extreme weather has delayed the departure of a ship from Cape Town, whose crew has been tasked with fixing two subsea cable breaks that are negatively affecting international connectivity in South Africa.