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Neotel CEO on ‘special leave’ as scandal erupts

Neotel CEO on ‘special leave’ as scandal erupts

Neotel CEO Sunil Joshi and chief financial officer Steven Whiley have been placed on “special leave” pending an investigation into alleged bribery and corruption at the telecommunications operator

Shares soar as Telkom pares mobile losses

Shares soar as Telkom pares mobile losses

Telkom’s share price has leapt by almost 8% to R61,48 after it provided a positive quarterly update for the three months ended 30 June 2015. The quarter is the first of Telkom’s financial year, which ends in March. It said that in the three months

Post Office administrator gets more time

Post Office administrator gets more time

The man tasked with turning around the beleaguered South African Post Office has been given another extended term by government. The Post Office was put under administration in November last year after a protracted four-month illegal

Telkom CEO’s letter to departing staff

Telkom CEO’s letter to departing staff

Telkom on Thursday confirmed that almost 2 400 employees’ applications for voluntary severance and early retirement packages have been accepted by the telecommunications operator. Most of these employees will leave Telkom today, Friday. A total of 2 393 people

2 400 to leave Telkom

2 400 to leave Telkom

Nearly 2 400 employees’ applications for voluntary severance packages have been accepted by telecommunications operator Telkom, a trade union said on Thursday. According to Solidarity

SkyWire eyes home broadband market

SkyWire eyes home broadband market

Independent telecommunications provider SkyWire Technologies, which traditionally has focused on the wholesale and business markets, is making its first foray into consumer broadband

Telecoms dep’t not worried over staff exodus

Telecoms dep’t not worried over staff exodus

Broadband roll-out programmes won’t be affected by several key staff having exited the department of telecommunications & postal services, says a spokesman. The Democratic Alliance said on Thursday that the

Fibre rivals pile pressure on Telkom

Fibre rivals pile pressure on Telkom

Telkom CEO Sipho Maseko has said smaller fibre providers are placing “relentless pressure” on the company’s wholesale and networks unit. This is according to an excerpt from Maseko’s strategic review in Telkom’s annual report for 2015, which

Huge Group eyeing R1,2bn acquisition

Huge Group eyeing R1,2bn acquisition

Telecommunications player Huge Group is considering as many as three acquisitions, with one of them potentially worth as much as US$100m (more than R1,2bn), as it seeks to play a leading role in the consolidation of the industry in South Africa. The company has

Vilakazi latest DDG out at telecoms

Vilakazi latest DDG out at telecoms

Sam Vilakazi has become the third deputy director-general at the department of telecommunications & postal services to leave this year, spokesman Siya Qoza confirmed on Thursday. Qoza said Vilakazi has resigned to take up a senior position at a state-owned

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