Apple plans to fund original podcasts that would be exclusive to its audio service, according to people familiar with the matter, increasing its investment in the industry to keep competitors Spotify and Stitcher at bay.
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Jabu Mabuza, chairman of the South African power utility regarded as the biggest risk to the nation’s economy, has taken on a non-executive director role at pay-television company MultiChoice Group.
Spotify has launched a “lite” version of its music streaming app aimed at users in emerging markets like South Africa where data costs can be prohibitive.
Exclusive | Econet Media racked up more than R1.8-billion in external liabilities and was unable to pay suppliers before it was placed into administration earlier this week, a document seen by TechCentral shows.
The decision to place Econet Media’s satellite television business into administration will not affect the planned launch of Kwese Free TV in South Africa, a top company executive has said.
SABC chief financial officer Yolande van Biljon says there is no anticipation of “Day Zero” at the public broadcaster for the next three months. Full staff salaries, Van Biljon said, will continue to be paid.
Econet Media has placed its satellite broadcasting business into administration, Business Day reported.
Tiso Blackstar, the owner of various media assets including the Sunday Times, Business Day and the Financial Mail, is selling the rump of its business to Lebashe Investment Group for over R1-billion.
A jobs bloodbath is looming at pay-television operator MultiChoice Group, which said on Friday it will enter into a “consultation process” with 2 194 of its employees as part of a “strategic realignment of its customer service delivery model”.
MultiChoice-owned Showmax is adding Bafana Bafana Afcon football matches to its live-streaming sports offering, stepping up the pressure on rival Netflix in the South African market.