A family trust controlled by Pinnacle Technology Holdings CEO Arnold Fourie has sold R33m worth of the company’s shares. Pinnacle announced on Tuesday that the Carmen Fourie Family Trust had offloaded 1,5m shares at a price of R22/share. At the end of the
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Seacom has restored services for most of its customers across Southern Africa and East Africa, it said on Tuesday. This comes four days after several cable systems, including Seacom’s, were cut in the Mediterranean Sea. The company, whose cable system runs from
Altron and subsidiary Altech both cautioned their shareholders within moments of one another on Friday that they were in talks that could have an impact on the share prices of the two companies. The move has ignited speculation that Altron could have another go at delisting Altech, which
Telkom and the Competition Commission have dropped their separate applications to the competition appeal court related to last year’s decision by the Competition Tribunal to hand down a R449m fine on the telecommunications operator for past anticompetitive abuses. Competition Commission
Vodacom has begun offering fourth-generation (4G) mobile broadband access based on long-term evolution (LTE) technology to its prepaid customers for the first time. Until now, only contract users had access to the operator’s 4G/LTE network. 4G networks offer significantly faster download and upload
Two deputy commissioners have been appointed to serve six month terms on the Competition Commission, the economic development department said on Monday. “The two new deputy commissioners are advocate Oliver Josie and Ms Trudi Makhaya,” it said in a statement. Both of them
Communications minister Dina Pule has slammed allegations of nepotism against her and her boyfriend as a smear campaign. According to Pule’s spokesman, Siza Qoza, Pule believed she was the victim of a “politically motivated smear campaign [that] is characterised by people throwing mud at her in the hope that
Parliamentarians are likely to have to take personal responsibility for social media postings conducted during official proceedings, a weekend newspaper reported. “If a member sits in the house or a committee and sends out tweets, does the whole parliamentary privilege apply?” ANC member Cedrick Frolick, the house chairman
The Free State government’s control over information in the province appears to be growing with the recent takeover of the province’s only independent English-language newspaper by a company seen as having close ties to premier Ace Magashule and his senior officials
Eskom sells 9% of its electricity to BHP Billiton’s two aluminium smelters at less than one-fifth of the tariff paid by other consumers, Beeld reported on Friday. The preferential tariffs for the two smelters, Hillside in Richards Bay and Mozal in Maputo, allow the two loss-making smelters to be sustained while the rest of











