Vino Govender, the former CEO of On Digital Media, which operates DStv rival TopTV, has agreed to resign as director and CEO of First National Media Investment Holdings, one of the pay-television operator’s founding shareholders, after an ultimatum from the Industrial Development Corp
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Telkom has fired a shot over its regulator’s bow, warning the Independent Communications Authority of South Africa that if it attempts to unbundle the local loop of copper wires into homes and businesses, the telecommunications operator may have no choice but to raise its prices in
More trouble has rocked TopTV parent On Digital Media (ODM), still the only direct-to-home pay-television rival to MultiChoice and its DStv service. Two disgruntled ODM shareholders have taken the company and its business rescue practitioner, Peter van den Steen, to the high court in an effort
The share prices of MTN and Vodacom fell sharply on Monday, while Telkom climbed by nearly 5%, after telecommunications regulator Icasa publish draft regulations for inter-network call rates that strongly disfavour the two bigger operators. At lunchtime, Vodacom was
I first met Frank Heydenrych in 1994, or perhaps it was 1995, soon after I started my career, at Systems Publishers. Even back then, Frank was a larger-than-life character. I was a youngster, fresh out of journalism school, and had moved to Johannesburg after being offered a job by Systems CEO Terry Murphy. I joined
The stage is set for an epic showdown between South Africa’s telecommunications operators. This Friday, telecoms regulator Icasa will publish draft call termination regulations outlining its position on further cuts to termination rates and the introduction of asymmetry for smaller players
Gijima posted a huge, R210,8m loss for its 2013 financial year to June, but management promises its turnaround efforts are starting to bear fruit and says this view is supported through investments from key shareholders. Chairman Robert Gumede says he has put R75m
Telkom’s annual general meeting got off to a bang on Friday after controversial former chairman Jeff Molobela withdrew his bid to be re-elected as the director, accusing the company’s board of violating due process. The move comes after Telkom’s board took the unusual step of
In an effort to arrest declining revenues and remain competitive, Telkom is slashing costs wherever possible, including cancelling newspaper and magazine subscriptions, scrapping its “gift and flower policy”, doing away with bottled water and water coolers and limiting staff travel costs.
The Communication Workers Union and the South African Postal Workers Union said on Monday they had declared a wage dispute with the post office. “The company is claiming to have suffered losses of R178m, hence it could not meet the salary demands of 10% and other