United Arab Emirates telecommunications firm Etisalat said on Monday that it has raised €3,15bn to fund the acquisition of French media giant Vivendi’s 53% stake in Morocco’s main provider, Maroc Telecom. The funds were raised with a group of 17 international, regional and local banks in the UAE. “Financing consists of
Author: Sapa Reporter
On the streets of Lagos and across God-fearing southern Nigeria, it’s not uncommon to see people with a leather-bound Bible in one hand and a mobile phone in the other. But the Good Book’s days could be numbered – in printed form at least – if 25-year-old Kayode Sowole’s idea takes off. The computer science student
Eskom on Sunday defended its proposed upgrades to Megawatt Park, its head office in Johannesburg, as a necessity despite the utility being under financial constraints. “This are essential, they aren’t lavish upgrades,” spokesman Andrew Etzinger said. He said the upgrades were necessary for the health and safety of staff, data
The South African Reserve Bank has introduced new security features on the Mandela bank notes, it said on Friday. “Enhancing features on banknotes is an ongoing process to maintain the highest level of quality and security,” Reserve Bank governor Gill Marcus said in a statement. “This is in line with international best practice
Eskom’s cash flow situation is “very stable”, the power utility said on Friday. “Eskom would like to reassure the nation at large that its cash flow situation is very stable,” the company said in a statement. The power utility managed its cash flow in a responsible manner, and always made sure it had sufficient liquidity. The company had stated
The Independent Communications Authority of South Africa (Icasa) is set to hear a complaint by the South African Police Service (SAPS) against the Democratic Alliance’s election advertisement on Thursday morning. “The SAPS said in their complaint that the television advert would incite violence against the police,” said Icasa spokesman
Disciplinary processes were under way following an offensive tweet sent from a First National Bank Twitter account, the bank said on Wednesday. “We can confirm that disciplinary actions are currently under way as we are following the required industrial relations processes,” FNB’s acting head of digital marketing and media, Suzanne
A hearing by communications regulator Icasa’s complaints and compliance committee on the Democratic Alliance’s advertisement complaint case against the SABC was postponed on Wednesday night. Committee chairman Wandile Tutani said the matter would be
A hearing by communications regulator Icasa’s complaints and compliance committee on the Democratic Alliance’s advertisement complaint case against the SABC was adjourned on Tuesday night. The hearing would resume on Wednesday at 6pm to give the SABC more time to consult with its legal team
The rejection of the Democratic Alliance’s adverts by the SABC is an infringement on the freedom of expression, the party’s legal team argued on Tuesday evening. Steven Budlender, for the DA, said the SABC had rejected one television advert and five radio adverts