Browsing: News

Samsung Electronics has announced plans to open a television manufacturing plant at the Dube TradePort north of Durban by the end of the year. The company will invest US$20m (about R210m) in the facility between now and 2018

JSE-listed IT services firm Business Connexion (BCX) hopes its sale to Telkom is finalised by late November or early December, although the company has admitted it could be delayed if the transaction is challenged

Eskom will know by September how government plans to help it remain financially sustainable, public enterprises minister Lynne Brown told MPs on Tuesday. Addressing parliament’s portfolio committees on energy and public enterprises, Brown said an inter-governmental task team had come up with several options for Eskom’s financial problems

There was nothing wrong with cabinet members having business interests as long as there was no conflict of interest, communications minister Faith Muthambi said. “Government has noted media reports which highlight the private business interests of President Jacob Zuma and members of the executive,” Muthambi said in a statement on

Concern has grown over the appointment of President Jacob Zuma’s daughter, Thuthukile Zuma, to the position of chief of staff at the department of telecommunications and postal services at the age of 25, earning her a salary of nearly R1m/year. Public opinion has been split over the news, with some calling for an end

The total remuneration bill for Telkom’s executive and nonexecutive directors as well as its prescribed officers has declined between the 2013 and 2014, the telecommunications group’s latest annual report, published

More than 380 Sentech workers around the country are engaged in strike action after the parastatal locked out staff on Saturday who gave notice of their intention to strike. The strike, which includes technicians, could potentially disrupt terrestrial television broadcasting in South Africa, which is largely done through

Cell C has revealed that its subscriber base had grown to 18,1m at the end of June, a 59% improvement on a year ago, as it announces plans to restructure its interest-bearing debt. The company reported a 10,5% increase in revenue over the same period, it said. The mobile operator, South Africa’s third largest

President Jacob Zuma’s daughter, Thuthukile, was appointed chief of staff at the department of telecommunications and postal services after consideration of her “capacity” for the position, the department said on Friday. “Thuthukile Zuma’s appointment … is consistent with the rules and regulations

Telkom CEO Sipho Maseko is under investigation after being implicated in an alleged car licensing cloning case, the City of Johannesburg said on Friday. “Whatever is happening in terms of allegations about him [Maseko] being on the wrong side of the law is being investigated by the Johannesburg metro police department