Sentech is dysfunctional. That’s the gloomy picture painted by the state-owned company’s board in a presentation it was meant to give to parliament last week. But the company was prevented from delivering the presentation, entitled “Strategic Plan 2010 – 2011” because it failed to supply supporting documentation, needed by members of parliament ahead of time, before the scheduled meeting.
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State-owned signal distributor Sentech is in dire straits. A submission from the company’s board to parliament reveals its auditors are concerned about its ability to continue as a going concern. TechCentral is in possession of a strategic presentation the company was supposed to deliver to parliament on Tuesday this week in which it has revealed that its auditing firm — which it doesn’t name — has raised concerns about its financial standing.
The Western Cape high court has ordered that parliament’s communications portfolio committee may not proceed with Tuesday’s closed meeting with the SABC board. The ruling was handed down as an interim order shortly before noon by acting judge Sven Olivier. It followed an urgent application by the SA National Editor’s Forum.
Democratic Republic of Congo (DRC) president Joseph Kabila has intervened in the ongoing dispute between Vodacom and Congolese Wireless Network (CWN), the junior partner in the JSE-listed cellular group’s operation in the troubled central African nation, to try to find a solution to a protracted dispute between the parties. Earlier this year Vodacom and CWN agreed to international arbitration proceedings in Brussels after relations between the two groups appeared to break down completely.
SuperSport CEO Imtiaz Patel will succeed Nolo Letele as group CEO of pay-TV broadcaster MultiChoice on 1 October. Letele, who was due to retire later this year, has been named as executive chairman of MultiChoice SA. Announcing the changes on Thursday, a MultiChoice spokesman says the board had agreed on an executive chairmanship to “meet the challenges faced by the underlying entities”.
Ousted communications director-general Mamodupi Mohlala says the way communications minister Siphiwe Nyanda fired her was akin to a “public execution”. Mohlala tells TechCentral that she had questioned the minister on several issues related to the running of the department. “But I never expected it to come to a head like this.”
Vodacom will make a decision about what to do with its troubled business in the Democratic Republic of Congo by the end of this year, says the group’s CEO Pieter Uys. “The company is still running and there is a board meeting coming up soon,” Uys says. He doesn’t say what will be discussed at the meeting.
The Independent Communications Authority of SA (Icasa) has withdrawn plans to hold a high-profile radio frequency spectrum auction. The spectrum, in the 2,6GHz and 3,5GHz bands, is ideally suited to providing the next generation of wireless broadband services. The decision to postpone the auctions follows a recent meeting between Icasa and communications minister Siphiwe Nyanda in which the minister is understood to have raised concerns that the auction process was not in line with government’s policy on spectrum management.
The fate of valuable broadband spectrum will be decided on Tuesday when the regulator, the Independent Communications Authority of SA, meets to discuss whether to go ahead with a planned auction. Industry insiders say the auction, for radio frequency spectrum in the 2,6GHz and 3,5GHz bands could be canned. The spectrum is ideal for providing the next generation of wireless broadband services.
MTN says it will have to start investigating options to improve cash returns meaningfully to shareholders as the emerging market telecommunications sector matures.
That’s the shock assessment of the cellular group’s outgoing president and CEO Phuthuma Nhleko. Nhleko will address the company’s annual general meeting on Thursday afternoon, giving shareholders a peek at what they can expect to see at its interim results presentation next month.