Author: Duncan McLeod

Investors sold off Telkom shares on Monday following the resignation of group CEO Nombulelo Moholi. The share price was almost 3% lower at R17,69 in late morning trade on the JSE, after briefly changing hands at as low as R17,51. Telkom

Telkom CEO Nombulelo Moholi has resigned, becoming the latest in a long string of leaders of the telecommunications group to step down in recent years. Moholi, who is credited with building a strong management team around her and leading a project to upgrade

Free-to-air television broadcaster e.tv has taken exception to a proposal by the Independent Communications Authority of SA (Icasa) to take away a big chunk of radio frequency spectrum currently reserved for broadcasters and to reassign it for wireless broadband. The spectrum

TopTV owner On Digital Media, the first and only company to launch a commercial alternative to incumbent pay-TV operator MultiChoice’s DStv, is in serious financial difficulty. The company’s management team has decided to seek a “business rescue” under section 129 of the new Companies Act. This

If there was any doubt that government meddling is an impediment to Telkom’s sustainability and a drag on SA’s competitiveness, it should be removed by communications minister Dina Pule’s downright irresponsible behaviour at the AGM in Midrand last

After a period of “consolidation” at its local office, Taiwanese handset manufacturer HTC is promising a renewed assault on the South African market by increasing its profile in the country and introducing new Windows Phone 8 and Android 4.1 smartphones. “We’ve had a period

Canadian e-reader manufacturer Kobo has launched its first product in South Africa, predicting it will challenge Amazon.com’s Kindle for dominance in SA by taking more than 50% of the market within the next 12 months. Kobo has launched its first e-reader device in

African cellular tower specialist Eaton Towers has secured US$60m in debt financing from Standard Bank’s Stanbic Uganda unit and the International Finance Corp (IFC) to build and develop new and existing telecommunications towers in Uganda. The financing includes a

Microsoft’s full Xbox Music service will be launched in SA within the next eight weeks, according to the company’s SA MD, Mteto Nyati. The software giant had been expected to launch Xbox Music – which offers consumers both streaming music and music downloads – in SA on Friday to

Fast-growing JSE-listed technology company Adapt IT has acquired SAP specialist Swicon360 for R10,4m in cash plus shares worth R1,3m. Swicon360, which was established 12 years ago, provides business process outsourcing services for the SAP ERP Human Capital Management