Browsing: National Empowerment Fund

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TopTV shareholders in R750m lawsuit

The fall-out from the business failure of MultiChoice rival On Digital Media, the owner of TopTV, continues unabated with news that the Industrial Development Corp has taken three of the pay-TV operator’s major shareholders to court seeking to recover more than R750m

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Home fibre player scales back

Link Africa, the fibre communications company previously known as i3 Africa, has scaled back its business, closing its Johannesburg office and ending its plans, at least for now, to build fibre-to-the-home infrastructure in South Africa’s big cities. TechCentral has learnt that 15 managers

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TopTV wished upon a Chinese star

China’s digital pay-television company StarTimes walked away the winner on Tuesday in the TopTV takeover saga, although at least one of the losing consortiums is considering challenging the legality of the deal. Government will be the biggest loser with losses over R1bn. The meeting

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TopTV shareholders accept China bid

The shareholders and creditors of troubled pay-television operator On Digital Media (ODM), which owns TopTV, have approved a business rescue plan that involves an offer by China’s StarTimes to purchase a direct 20% stake. The required majority of creditors

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SA home fibre player makes progress

Fledgling fibre-to-the-home infrastructure provider LinkAfrica Group, formerly known as i3 Africa, is finally ready to begin its trial network in Umhlanga, north of Durban, and is also gearing up to begin rolling out fibre in Pretoria and Cape Town. In March 2011, TechCentral

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Mega project to bring fibre to SA homes

Want fibre to your home? You could soon have it. i3 Africa, a new company backed by the National Empowerment Fund, plans to build a high-speed fibre network connecting 2,5m homes within the next