All the latest technology news from South Africa and around the world.
Eskom’s application for tariff increases was ready to be submitted, before government asked it to look at additional factors, the parastatal said on Wednesday. “We were ready, it was 100% in line with regulation. We engaged since February with hundreds and hundreds of stakeholders,” Eskom finance director Paul O’ Flaherty said
The black economic empowerment (BEE) companies established by DStv owner MultiChoice are being paid ordinary and special dividends to the tune of R1bn in the current financial year, the pay-TV broadcaster said on Wednesday. The empowerment
Dimension Data Middle East & Africa chairman Andile Ngcaba is reinvesting all of his proceeds from the black economic empowerment (BEE) deal he struck with the company in 2004 now that it has vested. The total value of the transaction
The share price of JSE-listed technology group Gijima soared by more than 12% on Wednesday morning after it told shareholders it was in talks to dispose of its mining and consulting businesses, housed under the MineRP division, to a consortium led by RMB Private Equity subsidiary RMB Corvest
Telkom plans to expand into a range of new value-added product areas in an effort to offset the declining margins in its traditional business of providing bandwidth and connectivity. At the same time, it is making progress with its plans to offer
Local-loop unbundling, the regulatory intervention whereby third parties get access to Telkom’s physical infrastructure, is often regarded as the best solution for reducing broadband prices and growing penetration. But one Internet service provider has
In what was clearly a very carefully worded speech delivered at the annual Satnac conference on Monday, Telkom Group CEO Nombulelo Moholi hinted there could be a solution to delivering broadband to all South Africans on a “sustainable basis” for the
A request from the Financial Services Board (FSB) has placed Rockland Investment Management, an investment firm into which Telkom’s retirement fund (TRF) put R60m, under provisional curatorship. The TRF invested about R60m with
South Africans tend to view the rest of Africa in a “very arrogant way”, taking for granted the oft-repeated statement that it is the leading economy and is therefore entitled to be the gateway for business to the continent
3MFuture Africa, a Cape Town-based technology firm that has been embroiled in a patent battle with MTN and Standard Bank over its payment card security technology, has received a ruling in its favour from the patent court in Pretoria. 3MFuture says
