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Korea’s KT Corp has made a formal offer to purchase 20% of Telkom. However, it’s offering a significantly reduced price for the stake because of a sharp fall in the value of the shares of the JSE-listed telecommunications group since talks began in October last year. KT Corp is offering R25,60/share, down by nearly

Sanral CEO Nazir Alli has resigned, the agency said on Tuesday. Alli would continue in his post until 3 June, chairman Tembakazi Mnyaka said in a statement. The board accepted the resignation at a meeting on Monday. He thanked Alli for his contribution since Sanral’s inception in 1998. Sanral did not give

First National Bank is launching a new payment service that allows users of its mobile app to make payments to one another without needing to exchange banking details, provided they are near to one another. The service uses the GPS chips built into modern mobile devices, with authentication provided by the

FibreCo, the fibre-optic telecommunications joint venture between Convergence Partners, Cell C and Dimension Data’s Internet Solutions, is keen to extend its fibre network further into Southern Africa, working with partners to do it. Convergence Partners chairman Andile Ngcaba tells TechCentral

Alan Knott-Craig has played his first card since being appointed as CEO of Cell C on 1 April. The operator has released a new least-cost routing (LCR) product, called LCRAnyNet, that Knott-Craig says will “reduce the cost of telecommunications for business and will bring down the barrier for small

SA cabinet minister Roy Padayachie was a committed patriot who died in the service of his country, the deputy minister of public service & administration said on Saturday. “I have lost a comrade,” deputy minister Ayanda Dlodlo said. Padayachie, the minister of public service & administration, was found dead in his hotel

Former communications minister Roy Padayachie has passed away while on an official visit to Ethiopia. Padayachie, who was serving in President Jacob Zuma’s cabinet as minister of public service & administration, was also a former deputy communications minister under the late Ivy Matsepe-Casaburri

Government, political parties and trade unions on Saturday expressed sadness at the death of public service & administration minister Roy Padayachie. President Jacob Zuma said no words could express the loss that government and the people of SA felt at this loss. “It is sadly a great measure of his dedication and

Mobile operator MTN saw subscriber numbers in SA grow by 3,2% in the quarter ended 31 March 2012, although there was a decline in average revenue per user (Arpu) in both the prepaid and postpaid markets. The group as a whole reported subscriber growth of 3,7% for the quarter. The group recorded

Nigeria’s telecommmunications authorities Thursday threatened to impose sanctions on an affiliate of SA’s giant mobile phone service provider, MTN, over alleged poor service to subscribers. The Nigerian Communications Commission (NCC) issued the warning to MTN Nigeria Communication in a