The long-running row between MTN Swaziland and the country’s telecommunications operator has grown into what’s been dubbed a “constitutional crisis”. This follows a vote of no confidence in the cabinet by members of parliament. MTN Swaziland, whose shareholders are widely
Auditor-general Terence Nombembe gave roads agency Sanral’s books the thumbs-up recently, although it is struggling against losses of more than R2bn because of financing costs on its tolling operations, thanks largely to the delay in e-tolling to pay for the Gauteng freeway improvement project
MTN Group has reached an agreement to sell as many as 931 base stations in Cote d’Ivoire and 827 base stations in Cameroon to IHS Holding Limited for US$141m and $143m respectively, for a total transaction of $284m (R2,4bn). Under the deal, HIS will be the 100% shareholder of the tower companies to be set up in
TopTV’s acting CEO, Eddie Mbalo, looked relaxed for someone who had been in the hot seat for eight months. He was thrust into the spotlight when the pay-TV broadcaster’s founding chief, Vino Govender, left in February. The broadcaster maintains the separation was amicable, but it is clear
Parliament’s portfolio committee on communications was told on Thursday that the SABC made a net profit of R343m in the 2011/2012 financial year, the state broadcaster said. “This was achieved against a target of R225m as set out according to the conditions of the government guarantee given to
SA’s electricity shortage was stifling economic growth, the head of the Independent Power Producers’ Association said on Tuesday. “You cannot grow your economy without new electricity,” the association’s MD, Doug Kuni, said at a Free Market Foundation media briefing in Johannesburg. Blackouts in 2007 and 2008
First National Bank has been named as the most innovative bank worldwide for 2012 at the BAI-Finacle Global Banking Awards in Washington, DC.
The awards are designed to recognise banks for “game-changing products, services, practices and other achievements”. “Running since 2004
SA has started negotiations with foreign partners to help fund the construction of the world’s next generation radio telescope, officials said ahead of a visit by President Jacob Zuma Tuesday. SA is building the world’s most powerful radio astronomy telescope — the Square Kilometre Array (SKA) — which is set to dwarf any other existing
Vox Telecom, which recently introduced a satellite-based Internet service in SA called YahClick in partnership with Middle Eastern company YahSat, plans to launch a portable version of the product early next year. The product will consist of a terminal, called YahClick Go, and will be aimed at organisations and businesses
MTN has been ordered to reinstate nine employees dismissed in September 2010, the Communication Workers Union (CWU) said on Friday. The cellphone operator was also ordered to pay 12 months’ compensation, the union said following the Commission for Conciliation, Mediation
