IT billionaire Robert Gumede, who is a substantial investor in JSE-listed IT group Gijima, and his long-time friend and business partner, Ivor Ichikowitz of defence and armaments group Paramount, have pulled the plug on their plan to
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Despite turning in a R16,9m loss in the financial year to 28 February 2011 and facing a R30m lawsuit from MTN, JSE-listed telecommunications specialist Huge Group says it is confident it will survive the
Naspers MD Koos Bekker has lamented the lack of broadband in SA, describing it as a “tragic story” created by a decade of poor regulation. Speaking on Talk Radio 702’s The Money Show with Bruce Whitfield on Monday evening, Bekker
iBurst plans to offer broadband in rural areas in partnership with municipal councils. CEO Thami Mtshali says the company, which he says has turned the corner after a disastrous billing problem that lost it many customers, has identified
Telkom has finally provided details about its planned cuts in local call rates. The company published its annual tariff filing last week, announcing that local call rates were coming down, but didn’t provide details of by how much they would
Greenpeace activists dumped three trucks of coal in front of the headquarters of Eskom on Monday to protest what they called its lack of commitment to green energy. Activists from the global environmental organisation paraded in front of the five tonnes of
One of SA’s largest listed IT companies, Gijima, on Monday withdrew a cautionary statement that it was involved in discussions that could have had an effect on its share price. All discussions have been “terminated”. Rumours have circulated in recent weeks that
MultiChoice, which operates the DStv satellite television service, grew revenues by 19% to R21bn in the past financial year, despite the introduction of competition in SA’s pay-TV market. In the year to 31 March 2011, MultiChoice added almost 1m subscribers
Telkom is cutting the line rental cost of its mid-tier, 1Mbit/s fixed-line broadband product by 11,3% to R289/month on 1 July, from R326/month previously. Broadband line rental for 384kbit/s and 4Mbit/s users remains unchanged, the company says. At the same
Solidarity on Friday declared a wage dispute with telecommunications company Telkom, the trade union’s spokesman said. “Telkom indicated during [Friday’s] round that it will impose a two-year moratorium on retrenchments, provided that trade unions will