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 Information Technology News
Despite the continued reconfiguration of the new Department of Telecommunications and Postal Services (DTPS), “things are not going to fall through the cracks”, DTPS director-general Rosey Sekese has assured Parliament. Presenting the department’s strategic...
Blue Label Telecoms, in conjunction with online partner Prepaid24, has launched a new mobile app to enable users to recharge electricity and airtime on the go and at any time. The Prepaid24 Mobile App, which is available for Android, Blackberry or Windows device...
Software-defined networking (SDN) is being applied at more than 30 projects in multiple industries worldwide to enable the real-time control and optimisation of data traffic on a fixed network infrastructure. These projects aim to create flexible and configurable...
Updated 6 hours ago Independent, black-owned and managed investment holding company Southern Palace Properties has acquired an 8% stake in Growthpoint Properties from the Public Investment Corporation’s (PIC’s) Government Employees Pension Fund (GEPF) for R4.5-billion. Standard Bank...
Updated 6 hours ago Shareholders of JSE-listed real estate investment trusts (REITs) Octodec and Premium Properties have approved the proposed merger of the two companies, creating a combined property fund that will attract a market capitalisation in excess of R5-billion and comprise...
Updated 6 hours ago The Metal and Engineering Industries Bargaining Council (MEIBC) this week called on employees and employers to exercise restraint as the metals and engineering industries resumed operations following a four-week strike, stating that it regretted the strike’s...
Recent Research Reports
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.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...