http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.59Change: -0.01
R/$ = 10.53Change: 0.03
Au 1302.61 $/ozChange: -0.25
Pt 1438.50 $/ozChange: 2.00
 
 
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
 
Nelson Mandela 1918 - 2013   Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science & Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact 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.
Broadband Infraco|Public Enterprises|South Africa|Broadband Infrastructure|Broadband Services|Media Briefing|People Management|State-owned Broadband Capacity Supplier|Dina Pule|Malusi Gigaba|Phuleng Sejanamane|Ramasela Magoele|Tshediso Matona|Broadband|Integrated Information Communication Technology
broadband-infraco|public-enterprises|south-africa|broadband-infrastructure|broadband-services|media-briefing|people-management|state-owned-broadband-capacity-supplier|dina-pule|malusi-gigaba|phuleng-sejanamane|ramasela-magoele|tshediso-matona|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
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
 
Latest News
ANC SG Gwede Mantashe (L), chairperson Baleka Mbete (C) and President Jacob Zuma (R)
Updated 39 minutes ago The creation of a small and medium enterprises department is very likely, African National Congress national chairwoman Baleka Mbete said on Thursday. "We are talking about a focused department looking at small and medium businesses because the departments must be...
Updated 47 minutes ago France's Total said on Thursday it had discovered oil in a deep offshore area in the west of Ivory Coast, the company's second oil find in a year in the West African country. "This well is the first discovery in the San Pedro Basin, a frontier exploration area in...
Updated 2 hours 6 minutes ago Africa's demand for bandwidth is doubling every year, outpacing the laying of terrestrial telecom fibre links and encouraging commercial satellite operators to launch more units into orbit. The arrival of submarine cables on Africa's eastern shore just five years ago...
More
 
 
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
 
 
 
 
 
This Week's Magazine
Updated 6 hours ago The power and water sector will come together in May to discuss challenges and celebrate successes at the annual African Utility Week and Clean Power Africa in Cape Town. More than 5 000 power and water professionals, including utility heads from Nigeria, Uganda,...
There is enough water in South Africa to supply communities and the economy, even if some activities may be constrained, such as agriculture in the Limpopo, says National Planning Commission commissioner Mike Muller. 
Muller was also the director-general from 1997...
South African antenna designer and producer Poynting and provider of professional products, system integration and implementation and commissioning services for the broadcast and telecommunications markets in South Africa, African Union Communications (Aucom),...
Industrial automation giant Festo has been displaying some of the its ongoing research projects and latest automation developments and products at the Hannover industrial fair from April 7 to 11, as part of its Integrated Automation – The Next Steps theme. The...
South African retail companies are responding to the way in which e-commerce is changing their engagement model with customers by improving customer engagement channels and order fulfilment intelligence, says industrial and retail software company JDA Europe, Middle...
 
 
 
 
 
 
 
 
 
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