Exclusive | Econet Media racked up more than R1.8-billion in external liabilities and was unable to pay suppliers before it was placed into administration earlier this week, a document seen by TechCentral shows.
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.
The decision to place Econet Media’s satellite television business into administration will not affect the planned launch of Kwese Free TV in South Africa, a top company executive has said.
EOH Holdings will publish the findings of a wide-ranging independent investigation into alleged corruption involving public sector contracts, the JSE-listed IT services group told shareholders on Wednesday.
Naspers has appointed Phuthi Mahanyele-Dabengwa as CEO of its South Africa business. It’s a newly created executive position, and Mahanyele-Dabengwa will report directly to CEO Bob van Dijk.
Telkom customers are no longer able to force their phones to roam away from their home network after the telecommunications operator switched roaming partners from MTN to Vodacom at the end of June.
Japan’s NTT Corp has launched NTT Ltd following the merger of NTT Communications, Dimension Data and NTT Security into a single, $11-billion business. It will be headquartered in London and led by Jason Goodall.
Google and Facebook are in a race to surround Africa with high-capacity subsea broadband infrastructure, with the former announcing that the first phase of its project, which will connect South Africa to Portugal, will be ready for service in 2021.
S&P Global Ratings has downgraded Cell C’s debt rating further after the troubled mobile operator amended a private “airtime facility” agreement that the agency described as being “tantamount to a selective default”.
TechCentral editor Duncan McLeod spoke to Naspers CEO Bob van Dijk about the group’s acquisition, through Naspers Foundry, of a stake in SweepSouth, the controversy over the group’s dual shareholding structure, and more.
Naspers CEO Bob van Dijk believes cryptocurrencies could have a huge and positive impact on societies by allowing for frictionless and costless transfer of value between people.