Browsing: News

Tim Wyatt-Gunning, previously joint CEO of telecommunications company Storm and now CEO of Internet service provider Web Africa, says Telkom should be handed a hefty fine by the Competition Tribunal and that it has by no means reformed its ways as it claims. Storm was one of the companies that lodged

Recently delisted telecommunications company Vox Telecom has continued its tradition of publishing unusual annual reports based on popular magazines. Its 2011 report, published this week, is styled on international men’s magazine GQ. Called VQ, the latest annual report is more risque than previous reports, which have

Least-cost routing specialist TeleMasters has reported an operating loss of R1,4m in the three months to December 2011, from a profit of R5,1m previously, as a result of the loss of two big contracts and the market shift away from least-cost routing (LCR) solutions. LCR providers like TeleMasters had taken advantage

Foreign exchange losses are set to depress Mustek’s earnings in the six months to 31 December 2012, despite a more than 20% increase in sales in the period compared to a year ago. The JSE-listed technology distributor expects headline earnings per share to be between 55% and 65% lower than headline earnings of 36,2cc/share a year

In closing arguments on Wednesday at the Competition Tribunal’s hearings into Telkom’s alleged anticompetitive practices, Competition Commission legal counsel Adv Martin Brassey said Telkom had fought the case at every opportunity and deserved a severe penalty. Brassey said the tribunal should

Gugu Duda has been appointed as the new chief financial officer of the SABC, communications minister Dina Pule announced on Wednesday. “Ms Duda has the relevant qualifications, skills, capabilities and experience required for the position,” the communications ministry said in a statement. She would take up the

American Tower Corporation (ATC), the company that acquired Cell C’s base station infrastructure last year in a R430m deal, has begun building its own mobile telecommunications towers from scratch in areas where operators have poor coverage. ATC SA CEO Pieter Nel says the company has just completed

After an 11-year partnership, Hitachi Data Systems (HDS) has completed it acquisition of data centre company Shoden Data Systems. Shoden’s management team will remain unchanged and it will retain autonomy in terms of strategy and decision making. HDS hopes the deal will give it a foothold in Africa

First National Bank (FNB) has become the first SA bank to allow personal financial management start-up 22seven access to its customers’ accounts, albeit on a limited basis. The move stands in stark contrast to FNB rival Absa, which has blocked 22seven — specifically its US technology partner Yodlee

Telkom came under fire on Monday as the Competition Tribunal hearing into alleged anticompetitive conduct by the telecommunications company resumed for closing arguments. SA’s fixed-line operator stands accused of abusing its dominance by charging excessive prices; refusing access to an essential facility