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VAT rate rise ‘not desirable’, but ‘unavoidable’ to rebuild public finance integrity

By: Terence Creamer     21st February 2018 Finance Minister Malusi Gigaba confirmed the much-anticipated increase in the value-added tax (VAT) rate from 14% to 15% in his maiden Budget speech to Parliament on Wednesday, describing the increase as “unavoidable if we are to maintain the integrity of our public finances”. The hike was... 

Land and asset sales on cards as government seeks revenue-neutral support for State firms

By: Terence Creamer     21st February 2018 Finance Minister Malusi Gigaba used his maiden Budget to reinforce President Cyril Ramaphosa’s recent announcement that stakes in cash-strapped State-owned companies (SoCs) could be sold to reduce their reliance on bail-outs and debt. Ramaphosa made the announcement in his response to the debate... 

Surgery not a Band-Aid

By: Terence Creamer     26th January 2018 Eskom’s debt refinancing is undoubtedly a critical burning platform. The clock is most definitely ticking and the consequences of not closing the immediate financial chasm will be dire not only for the utility, but also for citizens. That said, government is extremely unlikely to allow Eskom to... 

South African Ministers in Davos welcome tough action on SOEs

By: African News Agency      24th January 2018 South African Ministers in Davos for the World Economic Forum have welcomed the tough line and decisive action taken on state-owned enterprises, in particular Eskom which last week saw a shake-up at board and executive level. SA Trade and Industry Minister Dr Rob Davies, speaking to the African... 

Industry confident Eskom board changes will help save utility

By: Megan van Wyngaardt     22nd January 2018 The appointment of a new Eskom board with “credibility, business acumen and experience” has given South African businesses hope that the embattled State-owned entity (SOE) can be salvaged, with a number of organisations lauding Deputy President Cyril Ramaphosa for taking a step in the right... 

Wits University launches technology innovation programme

By: African News Agency      22nd January 2018 Wits Univesity says it has launched a digital innovation programme to help local technology start-ups grow. The project, part of local firms BCX and Telkom's innovation programme, is targeted towards digital business working in fields like agriculture, smart cities, safety and security, education... 

Business welcomes government’s 'commitment' to restore confidence with new Eskom board

By: News24Wire      22nd January 2018 Business leaders have welcomed the appointment of Eskom’s new board as a sign that there is political will to restore confidence in state-owned enterprises. Government announced on Saturday that Telkom chairperson Jabu Mabuza will chair Eskom’s board as part of a host of measures to “stabilise... 

South Africa names Jabu Mabuza as Eskom chair in board shake-up

By: Reuters     20th January 2018   South Africa’s Deputy President Cyril Ramaphosa has appointed a new board at state-owned power utility Eskom and named Telkom’s chairman Jabu Mabuza as its new chairman, the country’s presidency said on Saturday. 

MTN takes top spot in Q4’s best network rankings

By: Creamer Media Reporter      15th January 2018 The fourth-quarter edition of MyBroadband’s Mobile Network Quality Report shows mobile operator MTN outperforming its rivals as the best network in South Africa. The report and network scores were based on about 113 000 speed tests performed by more than 8 000 MyBroadband Android Speed Test App... 

Solidarity ranks SOEs, lambastes 'cadre merry-go-round'

By: Anine Kilian     14th November 2017 Trade union Solidarity has ranked South African Airways (SAA) as the most poorly managed State-owned enterprise (SOE) in the country. Speaking at the launch of its latest report ‘South African State Institutions and the Value for Tax Money’, on Wednesday, Solidarity CEO Dirk Hermann said SAA... 

Telkom eyes business portfolio review

By: Natasha Odendaal     10th November 2017 As JSE-listed Telkom delivers muted half-year financial results, the group plans to continue seeking a sustainable growth framework, reviewing its business portfolio and prioritising strategic initiatives. This includes a review of the telecommunications giant’s legacy network and information... 

Challenging economic environment keeps Telkom H1 financials flat

By: Natasha Odendaal     10th November 2017 The latest half-year financial results delivered by JSE-listed Telkom have been marred by a tough economic climate and increased competition that have muted overall growth across the board for the six months ended September 30. During the first half of the year, an uncertain political, economic... 

Telkom appoints CEO of property management unit

By: Megan van Wyngaardt     9th November 2017 Telecommunications group Telkom has appointed Lesiba Maloba as CEO of its property management business unit, Gyro Group, from November 13. Gyro was established on April 1 to unlock value by commercialising the Telkom property portfolio, extracting value from excess building capacity and... 

New SAA leadership team promises to take airline ‘back from the brink’ 

By: Terence Creamer     7th November 2017 Finance Minister Malusi Gigaba has promised that there will be a clear delineation of the roles between the shareholder, the board and the CEO at embattled national carrier South African Airways (SAA), following the constitution of the new board on November 3 and the appointment of Vuyani Jarana... 

BCX unveils new digital learning platform

By: Creamer Media Reporter      6th November 2017 Telecommunications giant BCX on Monday launched a new digital learning platform aimed at providing free access to online educational content. No charge will be levied for the maths and science learning material and content that learners, educators, school administrators and parents can access... 

High Court orders Telkom to stop disconnecting services to eNatis

By: African News Agency      26th October 2017 The Gauteng North High Court has ordered Telkom to restore telephone services to eNatis following an urgent application by the Road Traffic Management Corporation (RTMC). In a statement late on Wednesday, Spokesperson Simon Zwane said: “The RTMC brought an application before the court today after... 

Various State assets being identified for disposal as Gigaba drops deficit and debt bombshells 

By: Terence Creamer     25th October 2017 Finance Minister Malusi Gigaba confirmed the worst in his maiden Medium-Term Budget Policy Statement (MTBPS), revealing serious fiscal slippages amid bail-outs of State-owned companies (SOCs), a worryingly sharp deterioration in revenue collections, a material downward revision to the country’s... 

Cell C not headed for all-out capex war – Levy

By: Natasha Odendaal     24th October 2017 JSE-listed Blue Label Telecoms has no immediate plans to make mobile operator Cell C a top contender in an all-out capital expenditure (capex) war with top mobile operators MTN and Vodacom, but will rather narrow the focus of its latest acquisition to the strategic deployment of the “best” urban... 

Anneke Grond

     6th October 2017 This week we feature Anneke Grond, MD of Jasco Enterprise, which delivers end-to-end solutions across the entire information and communication technology value chain   

Goscor Access Rental appoints new KZN Branch Manager

     22nd September 2017 Goscor Access Rental (GAR) has appointed industry stalwart Alan Will as Kwazulu-Natal Branch Manager, based in Westmead, to oversee expansion in one of the company’s highest-growth areas in South Africa at present. Alan brings 28 years’ experience to bear on his high-profile new role, of which 22... 

R2K picketers call for cellphone companies to ring in the changes

By: News24Wire      19th September 2017 Right2Know has led pickets outside the four major telecommunications companies in Gauteng on Tuesday, demanding affordable voice and data costs for South Africans. Tariffic, a research company, found that South Africa has the second highest data contract prices among seven countries, including... 

Govt urged to sell loss-making SAA

By: News24Wire      25th August 2017 Government should get out of the commercial airline space and sell the loss-making South African Airways (SAA), according to Cape Chamber of Commerce and Industry president Janine Myburgh. “SAA has become a black hole that is simply consuming the resources of the country, and it would be... 

Telkom unveils new digital entertainment product offering

By: Natasha Odendaal     24th August 2017 Information and communications technology giant Telkom is continuing its post-restructure growth strategy with the unveiling of a new unlimited digital entertainment product offering called LIT. In what Telkom Consumer CEO Attila Vitai described as a first in the market, Telkom is delivering a... 

Armstrong to head WBS Chair in Digital Business

By: Natasha Odendaal     22nd August 2017 Professor Brian Armstrong has been selected to head up the University of the Witwatersrand (Wits) Business School’s (WBS’s) Chair in Digital Business. The former Telkom chief commercial officer, who described himself as "a business scientist and a scientific businessperson", envisages a fully... 

Preparing to sell off the family silver?

By: Riaan de Lange     11th August 2017 The expression to sell or sell off the family silver might not be as well known in South Africa as it is elsewhere in the world. Consequently, the cautionary wisdom to which it alludes to is seemingly lost. The ‘silver’ referenced is actually silverware. It is the silverware of a family, handed... 

Telkom slashes fixed-line prices, fluffs up uncapped package deals

By: Natasha Odendaal     28th July 2017 Information and communication technology giant Telkom has unveiled a series of new pricing structures for its fixed-line uncapped data packages to entice more customers onto its network and deliver in-demand lower data fees. In an overhaul of the fixed-line product offering, aligning its... 

South Africa’s ‘accelerating’ SOE-guarantee exposure a risk to debt sustainability

By: Terence Creamer     24th July 2017 Rising contingent liabilities in State-owned enterprises (SOEs), together with the recent ratings downgrades pose the main risks to South Africa’s debt sustainability, the Organisation for Economic Cooperation and Development (OECD) cautions in its fifth and latest economic survey of the country.... 

Telkom injects R200m into educational programmes

By: Natasha Odendaal     21st July 2017 Telecommunications giant Telkom has pledged R200-million over the next five years towards a scalable three-phased strategy to deploy educational programmes in high schools in disadvantaged communities. Through the group’s Connected Schools Programme (CSP) and Supplementary Teaching Programme,... 

Icasa number portability report shows room for improvement

By: Natasha Odendaal     21st July 2017 The Independent Communications Authority of South Africa (Icasa) has recommended the establishment of a technical committee to ensure a “quicker response” to the requirements outlined in its newly published Number Portability Findings Report. The findings report, published earlier this week,... 

Andrew Matseke

     14th July 2017 This week we feature Andrew Matseke, MD of Tedaka Network Solutions, which designs, installs, commissions, distributes and integrates telecommunications products and solutions   

Icasa inquiry plans to slash data prices

By: News24Wire      11th July 2017 The Independent Communications Authority of South Africa (Icasa) will hold an inquiry to try and reduce the country's high data costs. The inquiry will consist of four phases: a market study, discussion document, public hearings, and findings document, Icasa spokesperson Paseka Maleka said in a... 

Busa’s Mabuza receives honourary doctorate from Wits

By: Megan van Wyngaardt     5th July 2017 The University of Witwatersrand (Wits) on Wednesday awarded local business leader and entrepreneur Dr Jabu Mabuza an Honourary Doctorate in recognition of his achievements in entrepreneurship and contribution to the growth of the South African economy. Besides being president of Business Unity... 

Cup Final, Battle Royale.

     21st June 2017 Engen, South Africa’s leading petroleum brand*, would like to congratulate SuperSportUnited on reaching the final of the 2017 Nedbank Cup, played on Saturday June 24 at the Moses Mabhida Stadium. Kick-off is at 20h15.   Supersport United and Orlando Pirates have been in some major battles this... 

Oh, for the good old days of no email

By: Terry Mackenzie-hoy     16th June 2017 At the time of the first free elections, in 1994, I shared an office with Alan Campbell. His nickname is Camel, since many people spell his surname without a 'p'. Camel is eccentric, and so am I. On the door to our office, we had the Latin quote: AP Campbell & T Mackenzie Hoy: Caput archimagirus... 

Telkom boasts new fit-for-purpose operating model  

By: Creamer Media Reporter      9th June 2017 Creamer Media's Chanel de Bruyn speaks to Creamer Media Deputy Editor Natasha Odendaal about how Telkom’s restructuring has benefited the group and contributed to an improved financial performance for the year ended March 31. 

New approaches needed for utilities, municipalities

     8th June 2017 Utilities and municipalities need to innovate and be optimised to address SA’s power challenges and stay relevant, say experts Speaking ahead of the POWER-GEN & DistribuTECH Africa conference and exhibition in Johannesburg, key industry stakeholders have highlighted the need for utilities and... 

Telkom eyes growth through fit-for-purpose operating model

By: Natasha Odendaal     5th June 2017 After four years of an aggressive turnaround, JSE-listed Telkom is now on stable ground and has been left with a fit-for-purpose operating model, housing five entities that are expected to be self-sustaining. The group reported significant strides made in a difficult operating environment to set... 

Telkom reports improved FY financial performance

By: Creamer Media Reporter      5th June 2017 JSE-listed Telkom on Monday declared a dividend of 422c a share – a year-on-year jump of 56.3% – as it reported improved profitability for the year ended March 31. The telecommunications giant reported a 12.4% increase in headline earnings a share to 731.4c on the back of improved operating... 

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