Browsing: Pravin Gordhan

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Break up Telkom, says DA

Telkom should be structurally separated into two businesses, wholesale and retail, to facilitate greater competition in SA’s telecommunications industry, says new Democratic Alliance (DA) shadow communications minister Marian Shinn. Speaking to TechCentral in her first wide-ranging media interview

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Budget boost for SKA bid

With the announcement about whether SA or Australia will host the core site of the giant Square Kilometre Array (SKA) radio telescope expected on 4 April, the likelihood of the project coming to SA has received a boost from finance minister Pravin Gordhan, who says the project will qualify for “VAT relief”

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Gauteng e-tolls to go ‘uncapped’

Finance minister Pravin Gordhan has moved to calm the controversy over electronic tolls on Gauteng’s upgraded highways, saying monthly fees will be capped at a maximum R550/month. Gordhan says the fees, which will be imposed from 30 April, will also be reduced

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DA moots R700m national VC fund

The Democratic Alliance (DA) has raised the idea of creating R700m national venture capital fund, funded by the state, to provide investment capital to help early-stage businesses. The proposal is contained in the opposition political party’s “alternative budget”, published on Tuesday and available here

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Eskom signs R1,9bn green energy loan

Power utility Eskom signed a US250m (R1,9 billion) loan on Monday that will finance the building of SA’s largest solar energy and wind power generation projects. Signing the guarantee, finance minister Pravin Gordhan said SA had a “huge comparative advantage”

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Budget 2011: R2,2bn for home affairs IT project

National treasury has allocated R2,2bn over five years for the department of home affairs’ “Who Am I Online?” project, which has been stalled by a legal dispute with Gijima, finance minister Pravin Gordhan said

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Communications sector key to jobs plan

Government will use the development of communications infrastructure to boost employment in the country. Finance Minister Pravin Gordhan delivered the country’s medium-term budget on Wednesday, reining in public spending and promising that infrastructure development would be used to meet government’s employment targets.

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Gordhan okays Didata, NTT deal

Finance minister Pravin Gordhan and the SA Reserve Bank have both given the green light to the R24,4bn all-cash acquisition of SA IT group Dimension Data by Japan’s Nippon Telegraph and Telephone Corp (NTT). Didata said on Friday that both parties had approved the offer.

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Government rakes in billions from Telkom

The department of communications received R3,9bn in extraordinary proceeds from Telkom following the sale of its shares in Vodacom, according to the communications budget vote published…

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