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Telkom takes axe to broadband prices

Telkom takes axe to broadband prices

Hefty price cuts to retail broadband prices are likely imminent, at least for the speediest fixed-line products, after Telkom this week took an axe to wholesale prices, reducing fees by up to 37%. In an effort to spur demand for higher speed broadband services based on

Takealot snaps up e-retailer Superbalist

Takealot snaps up e-retailer Superbalist

Online retailer Takealot.com has acquired 100% of the equity of Superbalist.com, a design and apparel online retailer founded four years ago. The deal comes just three months after Takealot announced that it had raised more than R1bn from Tiger Global Management, an international investment

SABC: minister, protector agree on way forward

SABC: minister, protector agree on way forward

A way to address the alleged irregular appointment of SABC chief operating officer Hlaudi Motsoeneng was agreed upon on Wednesday, the public protector and communications minister said. “They acknowledged the fact that the matter under investigation is also under judicial scrutiny in the Western Cape division

Pinnacle acts on share slump

Pinnacle acts on share slump

Technology group Pinnacle Holdings has moved to reassure its investors following a sharp decline in its share price in recent days. Since the company published a trading update on 8 August, in which it warned that its headline earnings per share for the year to end-June could have

DA undermining rule of law, court hears

DA undermining rule of law, court hears

The Democratic Alliance is undermining the rule of law by using legal rather than administrative processes to remove SABC chief operating officer Hlaudi Motsoeneng, the Western Cape high court heard on Wednesday. Vincent Maleka, for communications minister Faith Muthambi, said

New CEO for Eskom

New CEO for Eskom

The cabinet has approved the appointment of Tshediso Matona as power utility Eskom’s new CEO, public enterprises minister Lynne Brown announced on Wednesday. “The appointment was approved at a cabinet meeting held in Cape Town today,” Brown told reporters at

Mexico drags on Blue Label earnings

Mexico drags on Blue Label earnings

JSE-listed Blue Label Telecoms has reported a 6% improvement in headline earnings to R451m in the year to May 2014. This came on the back of an improvement in gross profit margins from 6,7% to almost 7% and a slight uptick in revenue to R19,4bn. Losses at its Mexican business

SA gets first Bitcoin vending machine

SA gets first Bitcoin vending machine

South Africa’s first Bitcoin vending machine has been installed, giving users the ability to get Bitcoin in exchange for rand. The difference between a Bitcoin ATM and a Bitcoin vending machine is that the former dispenses cash for Bitcoins

Vodacom directs R1bn to Gauteng upgrades

Vodacom directs R1bn to Gauteng upgrades

Vodacom on Tuesday said it plans to pump R1bn into upgrading its network in Gauteng, which will include expanding 3G in the province’s townships. The mobile operator said that it will spend more than R1bn in Gauteng in the current financial

SAP to pump billions into Africa

SAP to pump billions into Africa

SAP has takes the wraps off a seven-year plan to invest US$500m (about R5,3bn) in Africa, hoping to accelerate its growth across five regions on the continent, including South Africa, Nigeria and Kenya. Through the long-term investment, the German software maker plans to train up to

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