Author Staff Reporter

Start-ups

SA’s top start-up named

Seedstars World, a global seed-stage start-up competition for emerging markets, has named IDWork as South Africa’s top start-up. The company will represent South Africa at the Seedstars Summit in Switzerland where will compete for up

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Vumatel gets R125m funding tranche

Fast-expanding broadband fibre-to-the-home provider Vumatel has received the second and final tranche of R250m in funding from Vantage Capital, a mezzanine fund manager. Vantage Capital said on Friday that the funds will

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Ex-Vodacom boss now Barclays Africa deputy CEO

A former Vodacom executive, who was once also CEO of the SABC, has been named as a deputy CEO of Absa parent company Barclays Africa Group. Barclays Africa said in a statement to shareholders on Friday that

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How much it costs to cancel a cellphone contract

Tariffic, the company that analyses the mobile operators’ tariff plans to offer businesses and consumers the best rates based on their requirements, has conducted an analysis of how much it costs to terminate a contract with South Africa’s major

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Was Standard Bank hacked in R300m heist?

Standard Bank is not commenting on a new report that police have found that a Standard Bank computer system was probably compromised during an international heist in which Y1,8bn (about US$17,6m) was illegally withdrawn from ATMs across Japan

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MTN secures access to crucial spectrum

MTN Nigeria has won access to the 2,6GHz spectrum band. This is a crucial band for providing wireless broadband services and comes well ahead of the allocation of access by South African authorities to local mobile operators, including

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Comsol reveals plans for new SA network

Nedbank Corporate and Investment Banking is buying a 25% stake in Comsol, joining shareholder Convergence Partners, as the company gets ready to spend hundreds of millions of rand building a fibre and wireless broadband network

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Liquid Telecom to buy Neotel for R6,5bn

Fast-growing and privately held pan-African telecommunications group Liquid Telecom majority owned by Econet Global has agreed to acquire a controlling stake in Neotel for R6,55bn. The deal comes just months after Vodacom was forced

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Timing of SABC CEO exit ‘suspect’: Muthambi

Communications minister Faith Muthambi has described the timing of the resignation of acting SABC CEO Jimi Matthews as “suspect” and hit out at him for not raising his grievances with her office. In a statement issued on Tuesday

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Acting SABC CEO Jimi Matthews quits

Veteran journalist and SABC acting CEO Jimi Matthews has quit, saying in his resignation letter that what is happening at the state-owned broadcaster is “wrong” and that he can “no longer be a part of it”. Matthews tweeted a copy

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