Investors cheered Steve Ballmer’s decision to step down as CEO of Microsoft. The share price leapt higher by more than 7% on the day of the announcement that he would leave within the next 12 months, once a successor had been identified. Most critics said that, at best
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A former ANN7 editor has claimed assurances were given to president Jacob Zuma that the news channel would be pro-ANC, the City Press reported. “There was a lot of interference on an editorial level by Mr Atul Gupta,” former ANN7 editor Rajesh Sundaram told the newspaper
The price war in South Africa’s mobile industry is starting to take its toll, evidenced this week by the declining subscriber numbers at MTN, which conceded that it had been too slow in cutting its rates to match its rivals. But behind the scenes a much more interesting battle is brewing
Telkom has decided it will forge ahead and implement a wage agreement, despite protests Solidarity, one of three unions recognised by the telecommunications operator. Telkom has been in gridlock with two unions, Solidarity and the South African Communications Union (Sacu), for months. The Communication Workers
Altech’s minority shareholders on Friday gave the nod to Altron to buy them out. The move has cleared the way for Altron to terminate Altech’s listing on the stock exchange in Johannesburg. Altron already holds 61% of Altech. It’s the second attempt in six years by Altron, which
The Communication Workers Union has reached a settlement with Telkom in the long-running wage dispute between the operator and trade unions. The CWU has accepted Telkom’s three-year wage offer. The other unions embroiled in the dispute have yet to sign, but Telkom says it expects them to do so shortly
Newly appointed communications minister Yunus Carrim has said that Telkom must balance the interests of all of its shareholders, including government. He made the remarks in statement following a meeting on Thursday with Telkom CEO Sipho Maseko and chairman Jabu Mabuza. Deputy
Mindset Media Enterprises, the commercial arm of the not-for-profit Mindset Network, has applied for a pay-television licence to bolster its existing educational and health content offerings. However, Kagiso Media, which is also seeking a licence from the Independent Communications Authority
A member of the public visiting the South African Agency for Science & Technology Advancement’s (Saasta’s) website for information about science in the country will find information that is outdated, and in some cases dating back to 2008. This is despite the fact that last year the agency received a parliamentary
Eskom has assured South Africans they will not experience power cuts, similar to those in 2008, because of problems at the Medupi power plant, SABC news reported on Wednesday. “For the last five years, we have kept the lights on. South Africa has seen no load shedding,” Eskom CEO Brian Dames