Perhaps best known for its foray into pornography, TopTV’s anti-climax in the world of broadcasting has resulted in a little-known fact: South Africa has suffered a loss of almost R1,2bn because of this venture, which critics say it should not have flirted with in the first place. Three arms
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Public enterprises minister Malusi Gigaba wants all parastatals to be brought under his department to drive economic growth, he told the Sunday Times at the weekend. His department currently controlled eight parastatals, including SAA, Transnet, Eskom and Denel. With the exception of Broadband Infraco
Data centre operator Teraco Data Environments has secured a further R158m in funding. The financing includes both equity and debt, with the World Bank’s International Finance Corp and the Development Bank of Southern Africa
Just as undersea and terrestrial fibre connectivity is booming around and in Africa, an explosion in satellite capacity serving the region is also under way. The “dark continent” is getting connected to the global village. This week’s annual Satcom conference
iBurst Africa, a telecommunications business controlled by iBurst executive chairman Thami Mtshali, wants to raise as much as US$200m in…