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News

Telkom, unions in significant deal

Telkom has agreed with organised labour not to retrench any workers for the next two years, but in turn workers have agreed to a wage freeze and to a new performance-based system that can earn them extra money. The agreement has been signed

News

Gov’t right not to sell Telkom: Cwele

Telecommunications & postal services minister Siyabonga Cwele has defended government’s decision not to sell its stake in Telkom, saying it has been vindicated by the strong performance of the company’s share price in the past few

News

Blue Label to sponsor the Boks

Blue Label Telecoms on Monday announced it has reached an agreement with SA Rugby for the Castle Lager Incoming series against Ireland. The JSE-listed will partner the Springboks for the three-test series of

News

Telkom to sponsor Olympics

Telkom has announced it will be the exclusive telecommunications sponsor of South Africa’s Olympic and Paralympics teams. The company has not disclosed the value of the “multimillion-rand”

News

Eaton sells SA towers to ATC

Eaton Towers has sold its base station tower portfolio in South Africa to rival American Tower Corp. Eaton said on Wednesday that it has reached an agreement to sell about 300

Start-ups

SA start-up Snapt raises R15m in funding

Convergence Partners, the investment firm controlled by well-known ICT industry businessman Andile Ngcaba, has announced it is investing US$1m (about R15,6m) in South African technology start-up Snapt to help it in its plans to expand

News

Naspers is now worth a trillion rand

Renewed bullishness towards media and Internet giant Naspers has pushed its market capitalisation above R1 trillion for the first time. On Tuesday, Naspers’s share price jumped to a new all-time high of R2 320,73, pushing its

News

Thieves are walking off with Telkom’s network

Telkom registered more than 6 000 incidents of copper-cable theft on its network in the past year and as a result is now actively moving customers away from the technology to wireless and fibre alternatives. The telecommunications operator said on

News

Huge Group mulling acquisitions

Niche telecommunications provider Huge Group is mulling acquisitions after reporting a 45% improvement in headline earnings per share for the year ended 29 February 2016, despite only a modest 6% improvement in revenue. Operating profit rose

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