Author: Duncan McLeod

Shareholders in financially troubled technology services company Gijima have given the green light to its proposed rights offer, in which it’s raising R150m “to ensure compliance with all its funding covenants” and to finance its working capital requirements. Gijima announced the rights offer at the

It appears the Independent Communications Authority of South Africa (Icasa) is not going let up in in its effort to tackle companies it believes are not paying their dues for use of radio frequency spectrum. The authority on Wednesday raided the facilities of an Eastern Cape telecommunications operator, just weeks

Mobile operator Cell C has slammed the Independent Communications Authority of South Africa (Icasa), accusing it of being “unable to verify its own information” in relation to the amount of money it owes the regulatory body for its use of radio spectrum. Cell C on Wednesday

Korea’s KT Corp appears once again to be in discussions with Telkom, this time over the sale of the partially privatised South African telecommunications operator’s Internet service provider assets elsewhere in Africa. According to a report in Korea IT Times

The performance of IT services group Bytes was the only bright spot in an otherwise poor set of annual financial results from JSE-listed conglomerate Altron, whose numbers were dragged down by subsidiaries Altech and Powertech. Group headline earnings per

Samsung Electronics’ Galaxy S3 was the runaway success in Android smartphones over the past year, selling more than 50m units by mid-March 2013, exceeded only by Apple’s iPhone. So, you’d think the consumer electronics giant would have waited a little longer than it did to release the

Altron and its subsidiary Altech are still engaged in talks, the outcome of which could have a material effect on the share prices of the two JSE-listed groups. Though neither has said what the discussions are about, it’s widely speculated that Altron is preparing to make an offer to minority shareholders in Altech

Dimension Data is set to acquire Kenyan technology supplier and corporate Internet services company AccessKenya Group for R326,4m. Didata has made an open-market offer to purchase all of AccessKenya’s 218m shares at a purchase price of Ksh14/share, a premium of 42% over last Friday’s close

TopTV has had not an auspicious start to life. Although it was the only one of five new pay-TV operators licensed five years ago by the Independent Communications Authority of South Africa to take on MultiChoice and DStv to actually launch, it was always going to be uphill. The troubled telecaster “celebrated” the end

The South African Police Service has agreed to begin an investigation into alleged corruption involving appointments by communications minister Dina Pule and her alleged romantic partner Phosane Mngqibisa at the department of communications and state-owned entities in the sector. The Democratic Alliance requested