Browsing: Transnet

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DA to lay criminal charges against SAP

The Democratic Alliance said on Monday that it plans to lay charges of money laundering and corruption against SAP South Africa and the Gupta-owned CAD House following allegations that the German

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Liquid Telecom’s big plans for Neotel

Liquid Telecom, the fast-growing pan-African telecommunications operator controlled by Zimbabwean billionaire Strive Masiyiwa, will spend billions of rand expanding newly acquired subsidiary Neotel’s data centres, wireless networks and fixed-line

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Transnet wants access to iBurst spectrum

State-owned rail, port and pipeline company Transnet wants access to a prime allocation of spectrum in the 1,8GHz band, communications regulator Icasa said on Monday. There’s a hitch, though: part of the spectrum is

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Brown vows not to privatise SOEs

Government needs to retain its ownership of state-owned enterprises (SOEs) to ensure economic growth and create employment for generations to come, said public enterprises minister Lynne Brown. In her budget speech for the 2016/2017 financial

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SA’s most attractive tech employers ranked

Google has emerged as the most attractive employer among professionals in the technology and engineering sector, according to a new survey. Students, meanwhile, rate Transnet tops in the same sector. Employer branding company

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India’s Tata ‘committed to Neotel’

India’s Tata Communications is putting on a brave face after Vodacom announced on Tuesday that it was walking away from a R7bn deal to acquire Tata’s South African subsidiary Neotel. In a letter to shareholders, Tata Communications

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Cable thieves get 140 years in jail

Five people convicted for cable theft were on Monday collectively sentenced to 140 years behind bars, Eskom has announced. The group was sentenced in the high court, sitting in Kroonstad. “The thefts occurred mainly in the Free

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Suspended Neotel CEO quits

Sunil Joshi has stepped down as CEO of Neotel, five months after being suspended pending a board-led investigation into alleged corruption in a deal involving Transnet. His resignation comes less than two weeks after Neotel’s chief financial officer, who

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Neotel CFO quits

Neotel’s chief financial officer, Steven Whiley, has resigned. Whiley was suspended from the telecommunications operator in July, along with CEO Sunil Joshi, over allegations of bribery related to a multibillion-rand contract at Transnet. In a tersely worded statement on Friday, Neotel said