Dimension Data division Internet Solutions and Convergence Partners, the telecommunications investment vehicle controlled by Didata Africa chairman Andile Ngcaba, are jointly establishing a new business, called SpectraCo, with a view to possibly building a national wholesale wireless broadband network
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Convergence Partners, a telecommunications investment vehicle controlled by Dimension Data Africa chairman Andile Ngcaba, has secured $35m in equity investment from the International Finance Corporation (IFC) for a new communications infrastructure fund. It will use the fund, which
The opposition Democratic Alliance has slammed cabinet for its decision not to support a proposed plan by Telkom to sell 20% of the company’s equity to Korea’s KT Corp. In a prepared speech that would have been delivered in parliament on Tuesday — it wasn’t given after opposition parties walked out in an
Government’s long-awaited ICT empowerment charter has been published in the Government Gazette, nine years after it was first mooted. The charter is intended to encourage and promote black ownership and participation in the ICT sector. The finalised
The Mvelaphanda Group announced a cash-and-share offer on Tuesday to buy media group Avusa, which publishes the Sunday Times and which owns cinema chain Nu Metro and retailer Exclusive Books. The offer would be made through its wholly-owned subsidiary Richtrau No 229. Mvela currently owns
BlackBerry maker Research in Motion has released the latest version of its smartphone operating system in SA. BlackBerry 7.1 is available for the BlackBerry Bold 9900, Torch 9810, Curve 9360 and 9380 smartphones, and the Porsche Design P’9981. The new software includes BlackBerry Tag
Benjamin Mophatlane, CEO of JSE-listed IT services group Business Connexion, has warned that SA is slipping down the information and communications technology (ICT) rankings when compared to the rest of Africa and has no clear vision or “master plan” to grow the industry. The country has failed
Telkom’s share price fell by almost 6% on Monday to R19,11 to close at its low of the day and at a fresh eight-year low as investors continued taking fright over the operator’s poor financial performance and government’s controversial decision not to support a
Cape Town-based social media payment service ZunguZ has formed a partnership with local online micro-loans company GetBucks to offer Facebook users loans of up to R500 via the popular social network. The companies claim their service is the world’s first social media credit facility. While GetBucks
MTN SA has signed a sponsorship deal with Bloodhound SSC (supersonic car), a UK-based project that bills itself as an “engineering adventure” and seeks to break the land-speed record by piloting a vehicle at more than 1 600km/h. The companies hope to use the project to encourage school