All the latest technology news from South Africa and around the world.
Cell C’s majority shareholder, Dubai-based Oger Telecom, has earmarked an equity investment of US$350m (R3,5bn) for the mobile operator. In addition to the shareholder injection, key lenders, including Nedbank and Development Bank of South Africa (DBSA), have concluded a long-term financing package of R2,2bn to Cell C, in a transaction arranged
The department of communications has initiated an independent investigation into the Universal Service & Access Agency of South Africa (Usaasa) following fresh allegations of corruption and maladministration at the state-owned entity. A report detailing the
Johannesburg-listed mobile telecommunications group MTN is investing US$75m in a UK-based fund run Amadeus Capital Partners. Amadeus says the new fund will invest in “late-stage venture and growth companies, predominantly in mature markets, developing online and mobile applications and services
The Competition Tribunal is this week set to hear arguments related to the settlement agreement reached between the Competition Commission and Telkom in June.
The agreement with the commission is subject to approval by the tribunal, which will hear the matter on Thursday and Friday this
Puleng Kwele, who was appointed as CEO of Broadband Infraco in 2012, believes the state-owned wholesale fibre-optic infrastructure provider, whose clients include Neotel, MTN and Cell C, is poised to turn around its fortunes in the financial year ended March 2014
South Africans rejoiced when the National Energy Regulator of South Africa (Nersa) awarded Eskom just half the tariff increase it had applied for in February this year. But in the power utility’s annual report released on 10 July, Eskom said it would respond to its funding problem by holding off
Telkom has failed to reach an agreement with trade unions Solidarity and the South African Communications Union (Sacu) in a long-running wage dispute. Discussions reached deadlock on Friday, making it increasingly likely that Telkom will face industrial action. The wage dispute, which
Cell C has won its latest skirmish with Vodacom at the Advertising Standards Authority, this time over an advertisement its bigger rival ran in a Sunday newspaper last month promoting its international tariffs. Cell C, through its advertising agency, lodged a competitor complaint against Vodacom over
Since Yunus Carrim’s appointment as new communications minister this week, people have been asking him: “What the hell do you know about this area?” He then reminds them that he trained as a journalist. In addition to completing a BA honours and master’s degree in sociology at
Calling it the “next chapter in smartphone photography”, Nokia on Thursday night launched the Lumia 1020 phone, complete with a 41-megapixel camera. “We’ve made the back the new front,” CEO Stephen Elop told the packed Zoom Reinvented launch event in New York, where the 1020’s impressive camera features
