JSE-listed alternative telecommunications provider Huge Group has signed a memorandum of agreement in terms of which it intends acquiring 100% of specialist ICT company Centracom for R81,6m. Most (90%) of the proposed acquisition will be settled through
MTN’s group CEO, Sifiso Dabengwa, is in Nigeria to negotiate with authorities in the West African country as the JSE-listed telecommunications provider looks to head off a damaging US$5,2bn (R72bn) fine. In a statement to shareholders on
Ratings agency Standard & Poor’s (S&P) has downgraded MTN’s credit rating and put the mobile network on a watch negative amid a US$5,2bn fine in Nigeria. S&P said on Thursday that it’s lowering its ratings on MTN from “BBB” and “zaAA+” to “BBB-“
The Nigerian Communications Commission (NCC) shows no sign of backing down over a record-setting US$5,2bn (R72bn) fine against the local subsidiary of South African-headquartered mobile phone group MTN. According to a report by
Political parties have declared war on cable thieves by supporting the Criminal Matters Amendment Bill in parliament on Thursday. The bill was debated in the national assembly
It may sound far-fetched at first, but there’s a growing fear of the damage a newly aggressive Russia might inflict in a time of tension or conflict simply by damaging or cutting the undersea cables that carry almost all of the West’s Internet traffic. The New
The City of Tshwane’s free Wi-Fi programme hit a milestone of a million unique devices on Wednesday. The free Wi-Fi roll-out programme is part of the metro’s eKaelo strategy to boost engagement and government response with citizens. “It’s just a number, but it’s a
View the latest Backspace cartoon from Jerm.
This past April, the World Bank unveiled the Global Findex, the most comprehensive set of data on financial inclusion ever compiled. In strokes both broad and small, it paints a picture of where we stand in the fight to turn the 2bn unbanked poor of the world into active participants
The legal framework for broad-based black economic empowerment in South Africa has recently been significantly reformed through several amendments to the Broad Based Black Economic Empowerment Act and new “generic” codes of good practice (which set out
