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
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
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 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
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
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
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
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
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
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