Browsing: News

Technology group Pinnacle Holdings has moved to reassure its investors following a sharp decline in its share price in recent days. Since the company published a trading update on 8 August, in which it warned that its headline earnings per share for the year to end-June could have

The Democratic Alliance is undermining the rule of law by using legal rather than administrative processes to remove SABC chief operating officer Hlaudi Motsoeneng, the Western Cape high court heard on Wednesday. Vincent Maleka, for communications minister Faith Muthambi, said

The cabinet has approved the appointment of Tshediso Matona as power utility Eskom’s new CEO, public enterprises minister Lynne Brown announced on Wednesday. “The appointment was approved at a cabinet meeting held in Cape Town today,” Brown told reporters at

JSE-listed Blue Label Telecoms has reported a 6% improvement in headline earnings to R451m in the year to May 2014. This came on the back of an improvement in gross profit margins from 6,7% to almost 7% and a slight uptick in revenue to R19,4bn. Losses at its Mexican business

South Africa’s first Bitcoin vending machine has been installed, giving users the ability to get Bitcoin in exchange for rand. The difference between a Bitcoin ATM and a Bitcoin vending machine is that the former dispenses cash for Bitcoins

Vodacom on Tuesday said it plans to pump R1bn into upgrading its network in Gauteng, which will include expanding 3G in the province’s townships. The mobile operator said that it will spend more than R1bn in Gauteng in the current financial

SAP has takes the wraps off a seven-year plan to invest US$500m (about R5,3bn) in Africa, hoping to accelerate its growth across five regions on the continent, including South Africa, Nigeria and Kenya. Through the long-term investment, the German software maker plans to train up to

Determining whether SABC chief operating officer Hlaudi Motsoeneng lied about his qualifications is the golden thread of an application to have his appointment set aside, the Western Cape high court heard on Tuesday. “Dishonesty is dishonesty, wherever it occurs,” said Steven Katz

Five City Power employees have been arrested for allegedly stealing drums of cable worth R4,5m from the Randburg depot in Johannesburg, the power utility said on Tuesday. The three electricians and two team leaders were arrested on Friday and charged with fraud and theft, City Power MD

SABC chief operating officer Hlaudi Motsoeneng was headhunted by the broadcaster and it is therefore incorrect to say he misrepresented himself to obtain a position, his lawyer said on Tuesday. Norman Arendse, for Motsoeneng, told the Western Cape high court Motsoeneng was