Altech, a subsidiary of Altron, plans to sell its Liquid Telecom stake, acquired in January 2013, to Econet Wireless, Liquid’s parent company. The 8,6% stake will be sold to Econet for US$55m, giving Liquid an implied value of $640m. Altech says it is exercising this option because the stake
Telkom’s share price touched a fresh 52-week high on Monday as investors continued to pile back into the company on the expectation that it will begin to deliver on a promised turnaround in its fortunes in 2014. In intraday trading on Monday, Telkom was trading as high as
The Democratic Alliance will break up the SABC into various commercial entities and sell these to the highest bidder should it be elected to national government after the 2014 general election. The plan to privatise the SABC’s assets is contained in the DA’s policy on information and
The ANC has promised free Wi-Fi as part its 2014 election manifesto, unveiled on Saturday in Mbombela in Mpumalanga. “Government will support and develop free Wi-Fi areas in cities, towns and rural areas,” the manifesto says. It does not provide further detail on the nature
Although the matric exams are an important institution in South Africa, they should not be used as the primary indicator of school-system performance. When speaking about the state of education in South Africa it is both conventional and convenient to talk about the matric pass
Five men appeared in the Pretoria specialised commercial crime court on Monday for being part of a bank card cloning syndicate, the Hawks said. The case was postponed until 21 January for a formal bail application, said Hawks’ spokesman Paul Ramaloko
Last year proved to be a little quiet on the technology front. Internationally, there were few major developments, at least in consumer electronics. Manufacturers continued to refine their televisions, smartphones, notebooks and tablets rather than cracking
Telkom has held talks with a range of media companies, including America’s Netflix and Comcast, as it looks to build a video-on-demand service on its fixed-line broadband infrastructure in South Africa, its CEO, Sipho Maseko, has been quoted as saying
Roads agency Sanral admits some glitches have been experienced in the e-toll collection system, The Citizen reported on Friday. Spokesman Vusi Mona told the newspaper there had been some “genuine” complaints about the system. “There are genuine customer complaints
Microsoft South Africa MD Mteto Nyati and former Google sub-Saharan Africa boss Stafford Masie have been appointed to the board of JSE-listed education and recruitment company AdvTech. Nyati, who previously worked at IBM South Africa, and Masie, who is spearheading
