All the latest technology news from South Africa and around the world.
Business Connexion shareholders have voted overwhelmingly in favour of a R2,7bn all-cash offer from Telkom, paving the way for a review by South Africa’s competition authorities and communications regulator Icasa. Telkom has offered BCX shareholders R6,60/share to buy 100% of the company. The deal is seen as
Cell C’s bond holders have agreed unanimously to a €160m (about R2,3bn) restructuring of the company’s debt, allowing it to free up cash for network expansion, according to Reuters. Their decision will allow South Africa’s third mobile operator to free up cash. The company said last month that it would extend the maturity date of €160m of
JSE-listed mobile telecommunications and payments specialist Blue Label Telecoms has made an offer of as much as R247m to acquire 75% of Via Media, which develops mobile content and related value-added services, from Malik Investment Holdings. Via Media provides content using technologies such as premium-rated SMSes, multimedia
Cape Town will not have tolled freeways like Gauteng, the roads agency Sanral has said. “Firstly, whereas in Gauteng we went out to borrow money in order to build the road, with Cape Town we will be appointing a concessionaire on a
Standard Bank has announced big updates to its banking application for smartphones. The app incorporates the Standard Bank ID, which was introduced with the bank’s tablet app in March. Once users create a unique login, they can use this across all their devices
Communications regulator Icasa should steer clear of developing regulations dealing with network neutrality, the Internet Service Providers’ Association (Ispa) has recommended. The recommendation comes in the ISP body’s submission to Icasa’s high-level
The Independent Communications Authority of South Africa (Icasa) did not follow procedure when deciding to allow three adult channels on local television, the Western Cape high court heard on Monday. Administrative justice had not been promoted and Icasa’s decision should thus be struck down, Murray Bridgman argued on behalf of
Telkom’s suspended chief financial officer, Jacques Schindehütte, has retired from the group’s board. The telecommunications operator has agreed to pay him his full retirement benefits and to discontinue disciplinary proceedings against him. Telkom made the surprise announcement 30 minutes before markets closed on Friday
The Democratic Alliance’s bid to have the appointment of SABC chief operating officer Hlaudi Motsoeneng set aside will be heard…
JSE-listed technology company Pinnacle Holdings has warned that its headline earnings per share for the year to end-June are likely to have fallen by as much as 22% compared to the previous year. Earnings per share are likely to have declined by between 13% and 20%, the company said in a statement to its shadeholders
