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TBCSA welcomes R294 billion investment into SA economy

30th October 2018 The Tourism Business Council of South Africa (TBCSA) welcomes the announcement of investment commitments totalling R294 billion at the recently-concluded inaugural Investment Conference hosted by President Cyril Ramaphosa in Sandton. TBCSA believes that the commitments, once converted into live... 

BBBEE ICT sector council appoints new chairperson, deputy

By: Creamer Media Reporter      30th October 2018 The Broad-Based Black Economic Empowerment (BBBEE) Information and Communication Technology (ICT) Sector Council has elected Councillor Andile Tlhoaele and Councillor Pheladi Gwangwa as chairperson and deputy chairperson, respectively. This followed the resignation of Councillor Nokuzola Ehrens... 

Draft Companies Amendment Bill

By: Creamer Media Reporter      29th October 2018 The Department of Trade and Industry (“DTI”) has published the Companies Amendment Draft Bill (the “Bill”) for public comment. Interested parties may submit comments to the DTI by 20 November 2018. The Bill seeks to make amendments to Companies Act No. 71 of 2008 (the “Companies Act”). The reason... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

South Africa renews bid to accelerate digital migration process 

By: African News Agency      19th October 2018 The South African government on Friday announced steps to join fellow African nations which have migrated to broadcast digital terrestrial television, despite missing the June 2015 target. "The mere fact that 11 years since Cabinet has approved this project, and we are still this far behind... 

EOH hopes restructuring will create new growth platform

By: Schalk Burger     19th October 2018 JSE-listed information technology group EOH has separated into two companies as part of its work to renew the business and position it for growth. The EOH-branded information and communication technology (ICT) business will focus on digital services in a digitising economy and the Nextec company... 

Lesotho Highlands Water Project – Phase II, Lesotho/South Africa

By: Sheila Barradas     19th October 2018 Construction work on Phase II of the Lesotho Highlands Water Project is set to start soon. 

ZTE Releases 5G Network Intelligence White Paper

18th October 2018 ZTE South Africa has announced that  ZTE Corporation - a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet - has released its "5G Network Intelligence White Paper". Featuring ZTE’s leading technologies in 5G arena and in-depth... 

Liquid eyes further expansion as Cape to Cairo links up

By: Natasha Odendaal     18th October 2018 Pan-African telecommunications group Liquid Telecom is eyeing further expansion across the African continent after completing its Phase 1 decade-long project of connecting a 60 000 km network from Cape Town, South Africa, to Cairo, Egypt. The group on Thursday reported that, following the... 

Nigeria central bank, MTN getting closer to settlement – Minister

By: Reuters     18th October 2018 Nigeria's central bank and South African telecommunications firm MTN could soon strike a deal in their dispute over the repatriation of $8.1-billion, Nigeria's information minister said on Wednesday. The central bank says MTN transferred $8.1-billion of funds out of Nigeria in breach of... 

Poverty comes with a data premium – Competition Commission hears 

By: Natasha Odendaal     17th October 2018 Just over a year since initiating a market inquiry into data services, the Competition Commission on Wednesday kicked off its three-day public hearings to obtain a clear understanding of what is causing or leading to high data prices, along with the current state of competition, in South Africa.... 

Kazatomprom may sell 25% stake in London/Astana float

By: Reuters     15th October 2018 Kazakhstan's Kazatomprom, the world's biggest uranium producer, said it plans to float up to a 25% stake in an initial public offering (IPO) in London and Astana, but did not confirm whether the listing was still on track for this year. The global market for IPOs has been hit by recent turmoil... 

SAA appoints Telkom’s Fredericks new interim CFO

By: Simone Liedtke     5th October 2018 South African Airways (SAA) on Friday announced that Deon Fredericks has been appointed SAA’s new interim CFO, effective October 15. Fredericks is on secondment from Telkom for a 12-month period. 

Liquid, Zindi partner to accelerate development of Africa’s data science ecosystem

By: Natasha Odendaal     5th October 2018 Pan-African telecommunications group Liquid Telecom is backing newly launched platform Zindi to accelerate the development of data scientists across Africa. Zindi provides a competitive platform for African data scientists to convene, collaborate and compete to solve the continent’s most pressing... 

We are rooting out State capture, corruption to save and create jobs - Ramaphosa 

By: African News Agency      4th October 2018 President Cyril Ramaphosa on Thursday said his government was determined to eliminate the capture of the State and its organs through corruption which he said was one of the greatest barriers to investment and job creation in South Africa. "One of the greatest barriers to investment, growth and... 

Lesotho Highlands Water Project – Phase II, Lesotho

By: Sheila Barradas     4th October 2018 The The Lesotho Highlands Development Authority has started a series of workshops with registered construction companies to explain the procurement framework of the Lesotho Highlands Water Project – Phase 2. 

Revenue up, profit down, as EOH cuts cloth for future growth

By: Schalk Burger     3rd October 2018 JSE-listed information technology group EOH has separated into two companies as part of its work to renew the business and position it for growth. The EOH-branded information and communication technology (ICT) business will focus on digital services in a digitising economy and the Nextec company... 

Lesotho Highlands Water Project – Phase II, Lesotho and South Africa

By: Sheila Barradas     28th September 2018 South African Water and Sanitation Minister Gugile Nkwinti, Lesotho Water Minister Samonyane Ntsekele and the Lesotho High Commissioner Sello Moloto have reaffirmed their commitment to the successful implementation of the Phase 2 project. 

Orange, MainOne team up in submarine cable expansion

By: Natasha Odendaal     28th September 2018 French telecommunications group Orange and connectivity and data centre services provider MainOne Cable have signed an agreement that will see Orange inject undisclosed major investments into the West African submarine cable system MainOne. Under the partnership, Orange will acquire additional... 

On the mend?

By: Terence Creamer     28th September 2018 Business confidence is at debilitating low levels and trust between government and business remains fragile after the abusive Zuma years. Nevertheless, there are some encouraging signs that the relationship is on the mend, albeit at such a high level that it will take time to filter through to... 

Stanbic Botswana secures $125m loan guaranty to support diamond sector

By: Tasneem Bulbulia     27th September 2018 Stanbic Bank Botswana, which is a member of Standard Bank Group, has, along with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, and Botswana Finance, a subsidiary of Lazare Kaplan International, signed a $125-million loan guaranty, which... 

South African investment mission to Japan 'successful', says acting Invest SA head

By: African News Agency      24th September 2018 Many Japanese companies are keen to invest in South Africa and others are interested in expanding their investments, Invest South Africa acting head Yunus Hoosen said on Sunday. . In a statement after returning from an investment mission by the trade and industry department (DTI), together with... 

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

CEO Initiative to support government’s investor outreach at October summit

By: Terence Creamer     18th September 2018 The CEO Initiative is putting its weight behind President Cyril Ramaphosa’s plans for increasing levels of investment and stimulating growth in the recession-afflicted South African economy. The CEO Initiative draws in business leaders from various sectors and rose to prominence during Pravin... 

Uganda to renew MTN Group's telecoms operating licence

By: Reuters     18th September 2018 Uganda will renew the operating licence of the local unit of South African telecom company MTN Group, the state-run Uganda Media Centre said on Tuesday. The renewal comes with "with new stringent terms," the agency tweeted, without providing details. 

Government's economic stimulus package to be made public soon – Presidency

By: African News Agency      17th September 2018 The economic stimulus package adopted by cabinet will reprioritise government spending within the existing fiscal framework towards activities that will stimulate economic activity, the presidency said on Sunday. President Cyril Ramaphosa had "shared" with South Africa’s business and labour... 

State companies, small businesses must be global players in ICT, says minister 

By: African News Agency      14th September 2018 The South African government was working to position state entities and small businesses as global players in the field of information and communication technology (ICT), according to telecommunications minister Siyabonga Cwele. “Our priority focus is to demonopolise the electronic and... 

Disruptive, Digital Era Demands New Business Models

12th September 2018 In 1980, the average life expectancy of a firm in the Fortune 500 was around 38 years. Today, it is less than 15 years and declining all the time, says Sean Culey, a globally recognised business transformation expert and author. He believes that companies aiming to thrive in the new, disruptive,... 

Ramaphosa wants smart, connected cities, says sci-tech minister

By: African News Agency      11th September 2018 Cities that are digitally connected and ready to benefit from and contribute to the Internet of Things (IoT) are a priority for President Cyril Ramaphosa and the South African government. This is according to Minister of Science and Technology Mmamoloko Kubayi-Ngubane, who made the remarks on... 

Govt to accelerate licensing of new radio spectrum – Ramaphosa

By: Reuters     10th September 2018 President Cyril Ramaphosa said on Monday that the government will accelerate the long-delayed licensing of radio frequency spectrum to mobile operators. Allocation of spectrum is seen as key to expanding broadband services in Africa's most industrialized economy, where the high cost of... 

Blockchain for enterprise cloud platform to raise transaction trust

By: Schalk Burger     7th September 2018 Cloud technology multinational Oracle’s Blockchain Cloud Service provides a development platform for enterprises and State organisations to build their own scalable and low-cost blockchain networks, says Oracle cloud platform business development director and Europe, Middle East and Africa... 

African rail industry urged to adopt concepts of Fourth Industrial Revolution

By: Nadine James     4th September 2018 The African rail industry must adopt the concepts and develop the technologies of the Fourth Industrial Revolution to facilitate, and realise, the industrialisation aspirations of the continent, delegates attending a South African Heavy Haul Association (SAHHA) technical workshop, on Tuesday,... 

India restricts private mineral sands exports

By: Ajoy K Das     31st August 2018 In a bid to stop illegal mineral sand exports from the country, the Indian government has decided to canalise all exports of such minerals through State-run Indian Rare Earths Limited (IREL), effectively banning all private mineral sand miners from making overseas shipments. Canalising exports... 

IFS South Africa joins YES campaign

By: Natasha Odendaal     31st August 2018 Enterprise applications company IFS has become the latest company to join South Africa’s new Youth Employment Service (YES) initiative by sponsoring learnership programmes for 30 young, unemployed South Africans. The programme aligns with the government’s drive to reduce unemployment by creating... 

Rental market, power-as-service offerings underpinning demand for generators

By: Schalk Burger     24th August 2018 A growing rental market and the provision of expert services, including electrical engineering services, is providing global generator manufacturer Himoinsa with good growth in Southern Africa, says Himoinsa Southern Africa business development director Matt Bell. The rental market provides it... 

Firms in satellite broadband services partnership

By: Natasha Odendaal     24th August 2018 Satellite operator and services provider Avanti Communications and panAfrican telecommunications solutions service provider iWayAfrica have signed a deal to provide satellite broadband services across sub-Saharan Africa. The new master distributor contract will allow iWayAfrica to provide... 

Uganda wants unit of MTN Group to list locally before licence extension

By: Reuters     16th August 2018 Uganda has asked the local unit of South African telecoms giant MTN Group to list some of its shares on the local stock exchange as a condition for renewing its operating licence, a top official told Reuters on Wednesday. Godfrey Mutabazi, head of telecoms sector regulator Uganda Communications... 

Rutas del Loa road project, Chile

By: Sheila Barradas     3rd August 2018 The construction contract for the project has been awarded. 

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