http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 17.96Change: -0.18
R/$ = 15.90Change: -0.06
Au 1208.17 $/ozChange: 15.12
Pt 935.50 $/ozChange: 3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 03, 2012

Broadband Infraco showing signs of a turnaround

Back
Public Enterprises Minister Malusi Gigaba and Broadband Infraco CFO Ramasela Magoele discuss Broadband Infraco’s improving financial results for the year ended March 2012. Recorded: 03.08.2012. Camerawork: Nicholas Boyd. Editing: Darlene Creamer.
 
 
 
Africa|Broadband Infraco|Fire|Public Enterprises|Technology|Africa|South Africa|Broadband Infrastructure|Broadband Services|Media Briefing|People Management|Services|State-owned Broadband Capacity Supplier|Dina Pule|Infrastructure|Malusi Gigaba|Phuleng Sejanamane|Ramasela Magoele|Tshediso Matona|Operations|Broadband|Integrated Information Communication Technology
Africa|Fire|Technology|Africa||Services||Infrastructure||Operations|
africa-company|broadband-infraco|fire|public-enterprises|technology|africa|south-africa|broadband-infrastructure|broadband-services|media-briefing|people-management|services|state-owned-broadband-capacity-supplier|dina-pule|infrastructure|malusi-gigaba|phuleng-sejanamane|ramasela-magoele|tshediso-matona|operations|broadband|integrated-information-communication-technology
© Reuse this



State-owned broadband capacity supplier Broadband Infraco was showing signs of a turnaround after improving its financial performance during the year ended March 2012, the company said on Friday.

Broadband Infraco, for the first time, generated positive cash from operations of R52-million during the year – contributing to a 54% improvement in the company’s net loss, which was reduced to R95-million. Last year, the company recorded a R206-million loss for the year, CFO Ramasela Magoele, standing in for the newly appointed CEO Puleng Sejanamane, told journalists at a media briefing.

The company, which came under fire last year after an external audit revealed significant irregular and wasteful expenditure, also increased its revenue by 36%, reaching R393.6-million, compared with the R297.6-million in the prior year.

Public Enterprises Minister Malusi Gigaba commended the group’s performance and stabilisation, but warned that despite achieving or exceeding many of its key targets, much remained to be done to ensure the long-term sustainability of the company.

He noted that increasing focus must be placed on the development of leadership and management competencies and effective people management, as well as the continued alignment of the business plan with the national aims for broadband infrastructure. He also believed that a plan should be developed to ensure that government was efficient and cost-effective in its broadband services, while attracting the broadband traffic of other State-owned companies and national and provincial government.

Gigaba said that South Africa was behind many countries in the roll-out of broadband, and many things, including the dispersal of the assets of the State, the lack of an integrated information communication technology (ICT) policy and regulatory issues were hindering the development of broadband for all by 2020.

A discussion document compiled by the Department of Communications (DoC) found that only 4 out of 100 households used broadband, compared with Organisation for Economic Cooperation and Development countries, which average 23.3 fixed broadband subscribers per 100 households.

In April, the DoC, headed up by Communications Minister Dina Pule, embarked on a process to overhaul South Africa's ICT policies.

The National Integrated ICT policy, which was expected to be complete by 2013 and implemented in 2014, would be aligned with the government’s developmental goals, as well as provide a platform for South African companies to further develop the sector to compete globally.

It would retain the elements of the policies that worked, and revise and replace the aspects of the legislation that were irrelevant and stunted economic growth.

Public Enterprises director-general Tshediso Matona, discussing the possible consolidation of Sentech, Telkom and Broadband Infraco, said that the government was examining ways of optimising the State-owned enterprises’ capacity in broadband space and penetration. While the joining of the three were an option, he stressed that there was no finality in the concept.

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Telecoms News
South Africa- and Botswana-based research institutions have teamed up to research dynamic spectrum access and the sharing of television (TV) band frequencies using a TV white space (TVWS) experimental network. South Africa’s Council for Scientific and Industrial...
Telecommunications provider Vumatel has temporarily halted digging activity in Blairgowrie to secure cable locators that will assist the contractors in pinpointing the exact location of power utility City Power’s electricity cables. The area had been experiencing...
Etisalat Nigeria has filed a court case against rival MTN over the use of a new frequency band which MTN acquired when it bought internet provider Visafone, it said on Monday. South Africa's MTN bought the privately held Nigerian firm Visafone last month to improve...
More
 
 
Latest News
Steel producer Evraz Highveld Steel and Vanadium announced on Wednesday that the Department of Labour had put a “pause” to Training Layoff Scheme (TLS) payments in response to confirmation that the proposed sale of the business to International Resources Limited...
About 2 000 workers at LafargeHolcim's South African unit will on Thursday launch an open-ended strike over pay, a labour union said on Wednesday. "The industrial strike would encompass the entire workforce and it will be a total withdrawal of labour by our members...
French Economy, Industry and Digital Affairs Minister Emmanuel Macron has announced the creation of six new French tech hubs in Cape Town, San Francisco, London, Tokyo, New York and Hong Kong. “I am delighted that Cape Town has been designated as a French tech hub....
More
 
 
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
 
 
 
 
 
This Week's Magazine
Power and automation company ABB is in the launch phase of its highest payload, multipurpose industrial robot, the IRB 8700. The robot has a reach of 3.5 m and can handle a payload of up to 800 kg. “When designing the IRB 8700, we emphasised reach and payload, as...
Identity and Access Management (IAM) is a critical facet of a connected security ecosystem, as controlling the confidentiality, integrity and authorisation of data access and use is key to securing new digital business channels. However, companies face several...
RORY YOUNG Managed security services provide companies with a means to actively monitor their environment and ward against threats
Data underpins digital business models, the digital economy, the Internet of Things and the fundamental changes in the ways people interact and protecting data is crucial to securing new ways of doing business, says T-Systems South Africa information and...
The City of Cape Town will issue a tender for the procurement of electric buses for its MyCiTi service, in line with the council’s commitment to lower its carbon footprint, says executive mayor Patricia de Lille. The tender, to be advertised early in February, will...
The iSimangaliso Wetland Park Authority signed a R10-million contract last month with local tailings storage facility specialists Cyclone Engineering Projects to remove about 100 000 m3 of dredge spoil obstructing the natural course of the uMfolozi river, in...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $149 Close
Subscribe Now for $149