The market capitalisation of Tencent has rocketed through US$100bn for the first time, helping lift the share price of South Africa’s Naspers, which holds a one-third stake in the fast-growing Chinese Internet company, nearer to the R1 000/share level. In trading in Hong Kong on Tuesday
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Broadcasters, tired of dithering and delays around the migration to digital terrestrial television (DTT), have cashed in on the gap in the market to introduce new satellite offerings in both the free-to-air and pay-TV sectors. The concern by some in the broadcast sector, in particular
Caxton’s online business news service Moneyweb is suing Fin24, the online business news service of Media24, for alleged copyright infringement, plagiarism and unlawful use of Moneyweb’s content, Beeld reported on Friday. Moneyweb, a rival of Media24
MultiChoice’s broad-based black economic empowerment companies, Phuthuma Nathi Investments 1 and 2, will receive ordinary and special dividends worth R900m, the Naspers-owned pay-television broadcaster said on Thursday. The companies will receive an ordinary dividends of R480m, compared
Communications minister Yunus Carrim plans to hold a high-level meeting between broadcasters in mid-September, to be mediated by an independent third party, in an effort to resolve a simmering dispute over whether government-subsidised set-top boxes for digital terrestrial
For the longest time, little much has really happened in South Africa’s broadcasting sector. But big changes are now looming. Barely a week seems to go by now without significant new developments in broadcasting. In recent weeks alone, there’s been news of plans to launch South Africa’s first comprehensive trial of digital
In 2010, when MultiChoice began work on its radically redesigned new personal video recorder (PVR) decoder, the DStv Explora, the premise was that it would be a “connected box” that would offer on-demand services over the Internet. The Naspers-owned pay-television operator had
Democratic Alliance MP Marian Shinn has called on the SABC to provide clarity on the business case for its planned 24-hour news channel. The channel will be carried on DStv, owned by Naspers’s MultiChoice. Shinn says this is necessary given that she claims
DStv Online CEO John Kotsaftis, 41, is the quintessential geek. He tells me as much when I sit down to interview him in one of the boardrooms at DStv Online’s offices in Randburg, Johannesburg. His love of technology started with a friend’s gaming console. “He got an Atari
Pay-television operator MultiChoice is facing an investigation by Botswana’s Competition Authority over whether its prices and the way it structures its channels amounts to anticompetitive behaviour. According to a report, the decision to launch the probe follows a complaint laid by a member of the