The State IT Agency has finally explained why it pulled the plug on a government tender, worth up to R1,5bn, to roll out broadband to underserviced parts of the country: none of the bidders qualified. The tender was the first phase of a network
MTN has raised R1,1bn through the public offer for its new black economic empowerment scheme, Zakhele Futhi, well short of the target of R2,5bn, but sufficient to allow the transaction to proceed. The telecommunications group
The rand extended gains, strengthening the most among global currencies after the South African government said it would delay a plan to build new nuclear power plants, allaying concern that the cost of the program would strain
Telkom says its mobile business has been boosted by the launch in July of its FreeMe bundles built around data (not voice minutes) which largely upended the market. It achieved profitability in that unit for the first time
South Africa’s jobless rate rose to the highest in over a decade in the third quarter as more people started looking for employment. The jobless rate rose to 27,1% in the quarter through September, from 26,6% in the previous three
National fibre operator FibreCo Telecommunications has poached Broadband Infraco’s Sammy Mafu as its new business development executive. Mafu, who was chief marketing and sales officer at the state-owned
South Africa has delayed plans to build new nuclear power plants over concern about their cost and the waning demand for additional electricity as economic growth stalls. Under a new timeline, the first nuclear power is expected to
After fuelling the 20th century car culture that reshaped cities and defined modern life, petrol has had its day. The International Energy Agency forecasts that global petrol consumption has all but peaked as more efficient cars and the
How can you tell the US$200bn market for digital advertising is devolving into a two-horse race? The duopolists are retreating to their respective corners to specialise in what they do best. Those two titans are Google and Facebook, which
The State IT Agency (Sita) has cancelled a tender for the construction of a rural broadband network under the South Africa Connect broadband strategy. Late last week, Sita published a notice in the