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Net1 slumps on social grants order

Net1 slumps on social grants order

The share price of Net1 UEPS Technologies plummeted in Johannesburg and New York on Thursday afternoon after the constitutional court ordered that a tender for the management of South Africa’s social grants system be carried out again. The R10bn contract had been awarded to Net1 subsidiary Cash Paymaster Services

Keith Matthews steps down at BT

Keith Matthews steps down at BT

Keith Matthews, MD of BT in South Africa and GM of the UK-headquartered firm’s sub-Saharan Africa region, is stepping down at the end of the month. He will be replaced by a senior technology industry figure on 1 May, but the company is not naming his

Tower firm IHS raises a further $130m

Tower firm IHS raises a further $130m

Fast-growing African tower management company IHS has secured a further US$130m in the second tranche of its latest fund-raising exercise, it said on Thursday. The capital raised is in addition to the $490m of new debt ($70m) and equity ($420m) announced last month and is with existing investors, IHS said. “IHS will use

Tensions over leaks tear at SABC

Tensions over leaks tear at SABC

SABC boss Hlaudi Motsoeneng gave the broadcaster’s acting news head Jimi Matthews a dressing down in front of staff this week at a meeting about leaks from within the corporation. Motsoeneng, who is the SABC’s acting chief operating officer, called a meeting on Tuesday with news staff and warned them they would face consequences

Cape Town signs up broadband partners

Cape Town signs up broadband partners

A R1,3bn, seven-year, government-led project to extend broadband in Cape Town is making good headway, the city said on Wednesday. The city has concluded the first agreements with private-sector service providers, who have taken up spare capacity on high-speed fibre-optic network, a move it said will help drive economic

Google launches SA elections hub

Google launches SA elections hub

Google has launched an online South African Elections Hub as the country gears up to go to the polls in three weeks’ time. The Internet giant describes the hub as an online portal where voters, journalists and campaigners can easily track all the latest news, trends and information related to the 2014 general election, the fifth

DA ads back on SABC airwaves

DA ads back on SABC airwaves

A hearing by communications regulator Icasa’s complaints and compliance committee on the Democratic Alliance’s advertisement complaint case against the SABC was postponed on Wednesday night. Committee chairman Wandile Tutani said the matter would be

DA, SABC hearing adjourned

DA, SABC hearing adjourned

A hearing by communications regulator Icasa’s complaints and compliance committee on the Democratic Alliance’s advertisement complaint case against the SABC was adjourned on Tuesday night. The hearing would resume on Wednesday at 6pm to give the SABC more time to consult with its legal team

DA, SABC face off at Icasa

DA, SABC face off at Icasa

The rejection of the Democratic Alliance’s adverts by the SABC is an infringement on the freedom of expression, the party’s legal team argued on Tuesday evening. Steven Budlender, for the DA, said the SABC had rejected one television advert and five radio adverts

Microsoft outlines SA strategy

Microsoft outlines SA strategy

It’s all about the cloud for Microsoft in South Africa. No, not the cirrus and cumulus variety — the software giant is shifting its focus to delivering cloud computing-based services to everyone, on every device. And that includes non-Windows platforms, says Microsoft

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