The SABC has told parliament that it simply cannot afford to pay Sentech’s “prohibitive” fees for broadcast signal distribution and that these fees must be cut in half with immediate effect.
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Cell C has net debt, excluding leases, on its balance sheet (prior to a planned recapitalisation) of almost R10-billion, but it still wants to participate in South Africa’s upcoming spectrum auction.
Cell C has reported an interim net loss after tax for the six months to June 2020 of R7.5-billion, but said this was mainly the result of once-off costs and adjustments and that normalised earnings actually grew by 64%.
Netflix is showing more African-made content and working with telecommunications operators to make it easier for potential subscribers to make payments, a senior executive said on Tuesday.
South African retail giant Pick n Pay said on Tuesday that it is acquiring on-demand online grocery service Bottles.
Adobe is bringing its second iconic app to Apple’s iPad tablet after a challenging roll-out for Photoshop, part of the software maker’s effort to hold on to artists and designers shifting to work on mobile devices.
The SABC has concluded consultations with staff and labour unions under section 189 of the Labour Relations Act and will now implement sweeping job cuts as part of a board-led plan to turn around the struggling public broadcaster.
Cryptocurrency exchange Luno, previously backed by Naspers but now owned by Digital Currency Group, has launched a savings wallet, offering customers interest of up to 4%/year on their bitcoin holdings.
Bitcoin’s biggest rally in more than a week has pushed it to the brink of $12 000, a key level watched by chartists and technicians.
Renewables are set to overtake coal this decade as the world’s favourite fuel to generate electricity, the International Energy Agency says.