Oct 18, 2011
Gigaba appoints new Broadband Infraco board membersBack
Public Enterprises|Telkom Media|Andrew Mthembu|Anthony Githiari|Cornelius Groesbeek|Malusi Gigaba|Mandla Ngcobo|Meta Maponya|Nadia Bulbulia|Nokuthula Selamolela|Nolo Letele|Salim Essa|Shakeel Meer|Sydney Mabalayo|Xoliswa Kakana|Broadband
© Reuse this
He said the appointments and strengthening of the board of directors would “open a new chapter” for the entity, which made a R207-million loss in the 2011 financial year.
“The new board has been strengthened in areas of technical, regulatory and financial oversight.
“This would ensure that, together with a complementary strengthening of the company’s executive management capacity and governance oversight, Infraco’s performance would be lifted enabling it to fulfil its developmental mandate,” Gigaba said at a special general meeting.
The incoming chairperson Mandla Ngcobo is an admitted attorney who previously served as CEO at Telkom Media.
The nonexecutive directors appointed are Nadia Bulbulia, Salim Essa, Meta Maponya, Dr Anthony Githiari, Xoliswa Kakana and Nokuthula Selamolela.
They succeed the outgoing nonexecutive chairperson Andrew Mthembu and nonexecutive directors Nolo Letele and Cornelius Groesbeek.
Two nonexecutive directors Sydney Mabalayo and Shakeel Meer were reappointed.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Telecoms News
Updated 3 hours ago As Reunert finalises its exit from the telecommunications market, the group has moved to limit the impact on the employees of its ill-fated subsidiary Nashua Mobile. The Competition Tribunal this week approved the sale of Nashua’s subscriber base to mobile operators...
Updated 5 hours ago An undisclosed company has made a play for Blue Label Telecoms, with discussions now under way, the JSE-listed telecommunications group said on Wednesday. In a cautionary announcement to shareholders, Blue Label stated that a nonbinding expression of interest (EoI)...
Updated 5 hours ago South Africa’s third-largest mobile operator Cell C on Wednesday said its fight to gain market share and its “fight for the consumer” would continue. As Cell C executive head of marketing Doug Mattheus outlined the telecommunication group’s next summer campaign,...
Updated 3 hours ago Protech Khuthele Holdings on Wednesday said, in a cautionary note to shareholders, that, as the failed company unwound, investigations were ongoing into its affairs. The company provided no indication of the completion date.
Updated 3 hours ago Private equity investors are increasingly becoming more active in Africa’s bid to narrow the $90-billion a year infrastructure funding gap constraining the continent’s growth. This was according to a survey by the Southern African Venture Capital and Private Equity...
Updated 3 hours ago The shortlist of innovations in the Africa Prize for Engineering Innovation was announced on Wednesday, comprising 12 new innovations from seven African countries. The shortlist announced by the UK’s Royal Academy of Engineering (RAEng) included innovations in...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu. Despite allegations of irregular tendering process, the...
Using crafty wordplay on a well-known Internet meme, brilliant South African-born US entrepreneur and businessperson Elon Musk announced that Tesla Motors would not initiate patent lawsuits against anyone who, in good faith, wanted to use its technology. Instead,...
August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.