Author: Duncan McLeod

Technology company Mustek expects its headline earnings per share (Heps) have risen by as much as 45% in the 12-month period ended 30 June 2014 compared to the same period a year earlier. In a statement to shareholders on Thursday, the company — which is particularly well known for its Mecer brand of computers — said that it expects that

Pay-television broadcaster MultiChoice and the Premier Soccer League have taken the wraps off a new football competition called the MultiChoice Diski Challenge. The three-year agreement, which is being billed as a corporate social investment project by MultiChoice, will provide life skills and leadership development for players

Eskom on Monday released a smartphone application called MyEskom. Among other things, the app, which runs on Android and iOS, provides information on the current and forecast condition of the national power system. The app also provides energy-saving and weather information, plus data on power outages. There’s a mobile site at myeskom.co.za for those

Business Connexion shareholders have voted overwhelmingly in favour of a R2,7bn all-cash offer from Telkom, paving the way for a review by South Africa’s competition authorities and communications regulator Icasa. Telkom has offered BCX shareholders R6,60/share to buy 100% of the company. The deal is seen as

Cell C’s bond holders have agreed unanimously to a €160m (about R2,3bn) restructuring of the company’s debt, allowing it to free up cash for network expansion, according to Reuters. Their decision will allow South Africa’s third mobile operator to free up cash. The company said last month that it would extend the maturity date of €160m of

JSE-listed mobile telecommunications and payments specialist Blue Label Telecoms has made an offer of as much as R247m to acquire 75% of Via Media, which develops mobile content and related value-added services, from Malik Investment Holdings. Via Media provides content using technologies such as premium-rated SMSes, multimedia

Standard Bank has announced big updates to its banking application for smartphones. The app incorporates the Standard Bank ID, which was introduced with the bank’s tablet app in March. Once users create a unique login, they can use this across all their devices

Communications regulator Icasa should steer clear of developing regulations dealing with network neutrality, the Internet Service Providers’ Association (Ispa) has recommended. The recommendation comes in the ISP body’s submission to Icasa’s high-level

How is this for ambitious? Vodacom in South Africa is hoping to sign up 10m subscribers to its M-Pesa mobile banking and payments platform within the next five years. To put that in context, the cellular operator managed to

Telkom’s suspended chief financial officer, Jacques Schindehütte, has retired from the group’s board. The telecommunications operator has agreed to pay him his full retirement benefits and to discontinue disciplinary proceedings against him. Telkom made the surprise announcement 30 minutes before markets closed on Friday