Transnet speaks of ‘significant progress’ in restoring systems
State-owned logistics giant Transnet said on Tuesday that it has made “significant progress” in restoring its IT systems, with most affected applications up and running by yesterday.
Author Duncan McLeod
Telkom to pay R20-million in retention bonuses to CEO Maseko
Telkom has disclosed in its integrated report, published on Monday, that it will pay its outgoing group CEO R20-million to retain his services for the two years between March 2020 and March 2022.
Maseko saved Telkom, and helped create a model for SOEs
Sipho Maseko, who announced last week that he will step down as Telkom CEO next year, saved the company from impending ruin. That might sound like an overstatement; it’s not. By Duncan McLeod.
Sipho Maseko to step down as Telkom CEO
Sipho Maseko is stepping down as CEO of the partially state-owned telecommunications group Telkom after nine years in the job. He will depart on 30 June 2022.
Vodacom turns in a strong first quarter
Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%.
Transnet container operations hit by ‘cyberattack’
State-owned logistics giant Transnet has fallen victim to a cyberattack, a report said on Friday. Details are still sketchy, but Transnet said an IT-related problem has affected container operations.
Revenge of the fixed lines: How fibre threatens mobile in South Africa
South Africa’s mobile operators, including Vodacom, MTN and Rain, are set to face a big challenge to their business models from an unexpected quarter: fixed-line broadband. By Duncan McLeod.
Prosus leads R18-billion investment in India’s Swiggy
Naspers-controlled consumer Internet investment group Prosus is leading an R18.2-billion funding round in Indian food-delivery giant Swiggy. Japan’s SoftBank Group is a co-investor in the round.
CIVH valuation hits R27-billion – higher than Telkom
CIVH, the Remgro-controlled company that owns Dark Fibre Africa and Vumatel, is now worth more than Telkom, the company that once enjoyed an absolute monopoly over telecommunications in South Africa.
Vumatel parent CIVH raises R3.7-billion in new rights offer
Remgro said on Monday that it is participating in a the second tranche of a rights offer by CIVH, the parent of fibre telecommunications companies Vumatel and Dark Fibre Africa, aimed at reducing debt.