Telkom has appointed long-serving executive Deon Fredericks as its new chief financial officer with immediate effect. He had been acting in the position since October 2013 following the suspension of former CFO Jacques Schindehutte, who stepped down recently. Fredericks has acting as CFO
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MWeb Business, a division of Naspers-owned Internet service provider MWeb, has launched a suite of satellite broadband products that provide uncapped Internet access to South African consumers. MWeb, which pioneered uncapped fixed-line broadband in South Africa
Frustrated traders have been unable to buy and sell shares on the JSE after a “network issue” floored the stock exchange on Monday morning. “Due to a network issue, the equity market opening will be delayed this morning,” the bourse said on Twitter soon after the market
Cabinet has approved a package to close the funding gap at Eskom, the national treasury said on Sunday. The package, approved at a special cabinet meeting in Cape Town on Thursday, would guarantee energy security and support gross domestic product growth, spokesman
The Democratic Alliance demanded answers from the government on Monday on what its bailout plan for the embattled state electricity utility Eskom will entail. Responding to Sunday’s announcement by cabinet that it had approved a funding package to help Eskom with its R225bn
The South African Press Association will be reconstituted and commercially revamped which will include an expanded shareholder base, its board announced on Monday. “The intentions are that the independent domestic wire service’s 76-year-old nonprofit business model
Three men were arrested in Tembisa, north east of Johannesburg, on Friday in connection with the recent spate of mall…
Monday would mark 100 days until the Medupi power station’s unit six is powered up, Eskom said. “It’s incredibly exciting, and at the same time, remains a daunting challenge as projects of this scale and complexity navigate potential technical, operational, contractual and staffing risks daily,” interim
Grand plans for the revamped government communications portfolio have been a bitter disappointment, with the minister of the newly created portfolio, Faith Muthambi, having in effect been sidelined after a disastrous first three months in office. She struggles to speak in public
Standard Bank will undertake IT maintenance this Sunday morning, meaning its online and cellphone banking facilities could be offline. The maintenance could also affect its smartphone banking application. “The planned downtime on Sunday is to do routine maintenance











