Vumatel has acquired a 45% non-controlling stake in fixed-wireless and fibre Internet service provider Herotel.
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Blue Label Telecoms’ co-CEOs Mark and Brett Levy have expressed their frustration that investors continue to punish Blue Label for their Cell C deal, despite the solid performance of the group in recent years.
Government intends to make it mandatory for all metal traders to get licences and prevent them from dealing in cash.
Energy regulator has granted Eskom an overall average tariff increase for the 2022/2023 financial year of 9.61%.
A new research report from the Internet Society has found that South Africa has the most resilient Internet on the African continent.
Government plans to restructure Eskom’s debt before elections in 2024, and will only provide additional support if the company sells assets and cuts jobs, finance minister Enoch Godongwana said.
Blue Label Telecoms has said that the long-awaited recapitalisation of debt-laden mobile operator Cell C will be completed by no later than May this year.
National treasury has allocated R300-million in additional funding to communications regulator Icasa for the 2022/2023 financial year.
The labour department is negotiating a possible out-of-court settlement with a subsidiary of China’s Huawei Technologies, which it accuses of failing to comply with local hiring quotas.
Blue Label Telecoms on Wednesday provided more insight into a fraud scheme it uncovered last year that led to the suspension of two senior executives.