Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      Don’t expect Starlink in South Africa anytime soon

      24 June 2025

      Home affairs under fire

      24 June 2025

      Samsung to unveil new folding phones at July event

      24 June 2025

      Capital Appreciation banks on payments to offset software slump

      24 June 2025

      Crypto is becoming a ‘practical payment method’ in South Africa

      24 June 2025
    • World

      Mira Murati’s Thinking Machines hits $10-billion valuation

      24 June 2025

      Watch | Starship rocket explodes in setback to Musk’s Mars mission

      19 June 2025

      Trump Mobile dials into politics, profit and patriarchy

      17 June 2025

      Samsung plots health data hub to link users and doctors in real time

      17 June 2025

      Beijing’s chip champions blacklisted by Taiwan

      16 June 2025
    • In-depth

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025

      Digital fortress: We go inside JB5, Teraco’s giant new AI-ready data centre

      30 May 2025

      Sam Altman and Jony Ive’s big bet to out-Apple Apple

      22 May 2025
    • TCS

      TechCentral Nexus S0E3: Behind Takealot’s revenue surge

      23 June 2025

      TCS | South Africa’s Sociable wants to make social media social again

      23 June 2025

      TCS+ | AfriGIS’s Helen Hulett on how tech can help resolve South Africa’s water crisis

      18 June 2025

      TechCentral Nexus S0E2: South Africa’s digital battlefield

      16 June 2025

      TechCentral Nexus S0E1: Starlink, BEE and a new leader at Vodacom

      8 June 2025
    • Opinion

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025

      South Africa risks being left behind as stablecoins reshape global finance

      6 June 2025

      Beyond the box: why IT distribution depends on real partnerships

      2 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » Broadcasting and Media » Econet’s Kwese pay-TV business in administration: report

    Econet’s Kwese pay-TV business in administration: report

    By Staff Reporter4 July 2019
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp

    Econet Media has placed its satellite broadcasting business into administration, Business Day reported.

    Quoting Econet Media CEO Joseph Hundah, the report said Econet, which operates under the Kwese name, plans to talk to creditors in an effort to rescue the business.

    Ernst & Young has been appointed to manage the process, Business Day said.

    Kwese TV will continue to operate free-to-air television operations in various African markets, according to the report.

    In March, Kwese Free TV was given a licence by communications regulator Icasa to launch a free-to-air TV service offering five free channels to viewers, including a 24-hour sports channel.

    Twenty percent own by Econet Group (the parent of Liquid Telecom), Kwese Free TV was the first free-to-air terrestrial broadcaster to be licensed since e.tv received its licence in the late 1990s.

    Five entities had been vying for the licence, which includes a chunk (55%) of radio frequency spectrum in what is called digital broadcasting “Mux 3”.

    Icasa has given Kwese 24 months to launch the service, or until March 2021.

    Other shareholders in Kwese Free TV include Royal Bafokeng Metix (part of Royal Bafokeng Holdings), which has a 45% stake, and Moss Mashishi’s Mosong Capital, which has a 35% stake. South Africa’s legal framework prevents Econet, a foreign company, from owning more than 20% of the new entity. — (c) 2019 NewsCentral Media

    • This is a developing story


    Econet Econet Media Icasa Joseph Hundah Kwesé Kwese Free TV top
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleJSE’s tech sector is a shadow of its former self
    Next Article SABC can pay salaries for the next three months

    Related Posts

    Why the spectrum gold rush may soon be over

    23 June 2025

    Up to Icasa whether Starlink gets a licence: Malatsi

    11 June 2025

    Karoo collision: Starlink vs science in South African skies

    9 June 2025
    Company News

    TechCentral: South Africa’s premier platform for ICT leaders

    24 June 2025

    Section 18A deductions and BEE points – a strategic choice for business compliance in 2025

    24 June 2025

    Huawei Watch Fit 4 Series: beauty, brains and a battery that won’t quit

    24 June 2025
    Opinion

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    AI and the future of ICT distribution

    16 June 2025

    Singapore soared – why can’t we? Lessons South Africa refuses to learn

    13 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.