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Twitter soars on report of takeover offer

Twitter soars on report of takeover offer

Twitter shares soared the most in more than two years on Friday after CNBC said the company may soon receive a takeover offer. The beleaguered social media company is engaged in conversations with

Eskom punts self-funded nuclear build

Eskom punts self-funded nuclear build

South Africa’s state-owned electricity utility forecasts it will have more than R150bn in 10 years’ time, money it could use to fund the country’s proposed plan to build nuclear power plants. Eskom’s stronger financial and operating performance

Muthambi has not received SABC letter

Muthambi has not received SABC letter

The communications ministry has not received any request from the SABC’s board for Hlaudi Motsoeneng to be appointed the broadcaster’s acting chief operating officer, it said on Thursday. “We want to state categorically

Vodacom announces new FTTH prices

Vodacom announces new FTTH prices

Vodacom has signed lease agreements with a range of fibre-to-the-home (FTTH) providers, promising broadband access starting at R499/month for 100GB of data on a 10Mbit/s line. The mobile operator, which is keen to build a significant presence

Vodacom in R1bn railways fibre deal

Vodacom in R1bn railways fibre deal

A week after securing a deal with national treasury worth up to R5bn, telecommunications group Vodacom has announced it has won a 15-year contract with the Passenger Rail Agency of South Africa worth an estimated

SABC asks for Hlaudi back as acting COO

SABC asks for Hlaudi back as acting COO

The SABC board has asked communications minister Faith Muthambi to appoint former SABC chief operating officer Hlaudi Motsoeneng as its acting COO until December. The board resolved that he be appointed acting

#DataMustFall could head to national assembly

#DataMustFall could head to national assembly

MPs could the take the debate on allegedly high South African mobile data prices one step further than just a portfolio committee hearing. Parliament’s portfolio committee on telecommunications

Interest rates left unchanged

Interest rates left unchanged

South African Reserve Bank (Sarb) governor Lesetja Kganyago announced on Thursday that the Bank’s monetary policy committee has decided to leave the interest rate unchanged. This means the repo rate, which is the interest rate at which

500m Yahoo accounts compromised in cyberattack

500m Yahoo accounts compromised in cyberattack

Yahoo said the personal information of at least 500m users was stolen in an attack on its accounts in 2014, exposing half of its roughly 1bn users ahead of Verizon Communications’ planned acquisition of the Web portal’s assets

Internet access in SA worth R68,5bn by 2020

Internet access in SA worth R68,5bn by 2020

Providing Internet access in South Africa will generate R68,5bn in revenue for service providers by 2020, up from R39,4bn in 2015, according to a new research report by PricewaterhouseCoopers. PwC’s Entertainment and

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