Government spending over the next two years will stick to the medium-term forecasts announced in February, finance minister Pravin Gordhan said on Thursday. In his 2012 medium-term budget policy statement, tabled in parliament, he said the third year (2015/16) would see
Outgoing Telkom chairman Lazarus Zim on Wednesday indirectly hit out at government over its decision to block the sale of 20% of the fixed-line telecommunications operator’s equity to Korea’s KT Corp, calling the move “tragic” and a “big loss”. Speaking at Telkom’s annual general meeting in front of
Eskom’s application for a 16% price hike over five years is vital to cushion the economy against a shock of a sudden tariff rise, public enterprises minister Malusi Gigaba said on Tuesday. Briefing the parliamentary committee on public enterprises, Gigaba was reluctant to declare whether Eskom’s
The fourth-generation long-term evolution (4G/LTE) version of Nokia’s new flagship handset, the Lumia 920, will go on sale in November, the Finnish handset manufacturer said in a statement on Tuesday. The Lumia 920 is Nokia’s new flagship device powered by
It will take a century for a poor household to tweet its way out of poverty. That’s a very long time for anyone wondering where their next meal is coming from. But it’s a significant new finding because it proves once and for all that social media and access to information and communication technology
Copper theft declined in September, the SA Chamber of Commerce and Industry (Sacci) said on Tuesday. The chamber’s copper theft barometer showed a decline to R14,7m for the month, from R17m in August and R19,7m in July. “This is the lowest level in
Nashua Mobile has extended its flat-rate data products, Xtreme Data and Xtreme Data Premium, to some Android-powered Samsung Electronics smartphones after earlier introducing the plans on certain Nokia handsets earlier this year. The
Eskom has asked for a 16% increase in electricity prices each year for the next five years, the parastatal said on Monday. This would more than double the price of electricity from 61c/kWh in 2012/13 to 128c/kWh in 2017/18. Eskom has submitted its application
Democratic Alliance MP and communications spokesman Marian Shinn wants communications minister Dina Pule to lay criminal charges against the “official or officials” who authorised the withdrawal of R4,7m to pay a tax bill. According to Shinn, the
Eskom is concerned about its one notch downgrading by rating agency Standard & Poor’s, the power utility said on Wednesday. “Although Eskom’s credit rating remains investment grade, with the support of government, the recent downgrades by Moody’s and Standard & Poor’s are
