Telecommunications group MTN has lifted its interim dividend by 20,3% to 445c/share after reporting a strong earnings and revenue performance outside its home market of South Africa. Profit margins – measured before interest, tax, depreciation and
SABC chief operating officer Hlaudi Motsoeneng should not be punished for a lie he told 19 years ago, the broadcaster said in court papers, according to The New Age on Thursday. SABC board chair Zandile Tshabalala denied that the broadcaster and communications minister Faith Muthambi rewarded “malfeasance” when permanently appointing
MTN’s South African operation has again borne the brunt of the price war in the mobile industry, with its revenue in the six months to June slumping by 7% and its profit margin, measured before interest, tax, depreciation and amortisation, sliding by 1,5 percentage points. The poor numbers were exacerbated by steep cuts earlier this
Overall, Vodacom and Telkom Mobile have South Africa’s best post-paid mobile plans, new data from telecommunications research firm Tarifica claims to show. Virgin Mobile scored bottom of the list, coming in in fifth place overall behind Cell C and MTN, but MTN failed to emerge as the winner in even a single category. The Tarifica scores
The Development Bank of Southern Africa (DBSA) has signed a R1,4bn contract with the European Investment Bank to support development of a solar power project in the Northern Cape, it said on Wednesday. “We are encouraged by the EIB’s trust and confidence towards our investment strategy in supporting SA’s power
Public protector Thuli Madonsela has subpoenaed communications minister Faith Muthambi as part of her investigation into the permanent appointment of Hlaudi Motsoeneng as SABC chief operating officer, her office said on Wednesday. “The public protector wrote to the minister last month requesting a meeting and the minister
Vodacom launched the first US$50 smartphone on its network this week and, although the Smart Kicka, which retails for R549, is aimed at the low-end of the market that until now hasn’t been able to afford anything beyond a basic feature phone, it’s a surprisingly good device. The Smart Kicka may not look like much at first. But for
Australia’s National Broadband Network (NBN) was one of former Prime Minister Kevin Rudd’s grand gestures. Sweeping to power in 2007, he quickly set to fixing that country’s problems in education, health and productivity. Although it was clear that he only ever understood technology superficially, he nevertheless saw it as the answer to all of
Debates on the privatisation of Eskom were misguided as cabinet has not discussed privatisation of the power utility, said public enterprises minister Lynne Brown. “I want to indicate that there is a portfolio of options for the inter-ministerial task team to consider. To my knowledge, cabinet has not discussed the matter of privatisation
The SABC broadcasts a variety of news that helps deepen democracy, communications minister Faith Muthambi said in an opinion piece in The New Age on Wednesday. “On the news front, the Broadcasting Act commits the SABC to a plurality of views and a variety of news, information, and analysis from a South African point of view