R/€ = 14.88 Change: 0.00
R/$ = 12.10 Change: 0.00
Au 1335.58 $/oz Change: -5.52
Pt 927.50 $/oz Change: -4.49


ARC lifts intrinsic net asset value to R9bn

By: Marleny Arnoldi     13th March 2018 Investment company African Rainbow Capital (ARC) on Tuesday released its maiden interim financial results for the six months ended December 31 and reported an increase in its share price to R8.79 before dilution (R8.75 after dilution) as at December 31, from R8.46 at its JSE listing in September.  

Jabu Moleketi succeeds Nelson as PPC chairperson

By: Nadine James     2nd March 2018 Peter Nelson has resigned as chairperson and nonexecutive director of cement manufacturer PPC, effective March 2. Former Deputy Finance Minister Jabu Moleketi has been appointed to succeed Nelson as chairperson. 

Icasa to finalise End-user and Subscriber Service Charter Regulations by end April

By: Natasha Odendaal     1st March 2018 The Independent Communications Authority of South Africa (Icasa) plans to publish the final End-user and Subscriber Service Charter Regulations by the end of April following a round of public hearings to unpack industry submissions over the perceived high cost of data and high out-of-bundles data... 

BEE Under the Government Spotlight – Has SA Truly Embraced Transformation?

     12th February 2018 Head of Operations at LFP Training sheds some light on the current situation and the momentum gained. 2018 has already seen a drastic outcry by Government calling on corporates to truly embrace BEE policies in transforming the country. While this is nothing new, Deputy President, Cyril Ramaphosa... 

Radical economic restoration

By: Riaan de Lange     9th February 2018 Chances are that you are familiar with the term ‘radical economic transformation’, even though you might not quite know what it means. What does it actually mean? Have you ever come across its definition? Well, that’s the thing; it has not been defined. It is not un-Googleable. It is Googleable,... 

What the Amended B-BBEE codes mean for your industry

     17th January 2018 Amended B-BBEE Sector Codes and What they Mean for your Industry   The Department of Trade and Industry Minister, Rob Davies recently announced amendments to the Financial, Agricultural and Construction Sector Codes.   While these amendments have been long awaited and look to constantly improve... 

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... 

Eskom’s ‘death spiral’ under the microscope 

By: Terence Creamer     21st November 2017 A major topic of discussion during recent public hearings into Eskom’s 2018/19 revenue application, was whether a further double-digit tariff hike could trigger a “utility death spiral”, whereby rising tariffs and utility costs spark an exodus of energy-intensive customers from the network,... 

Vodacom’s M-Pesa ambitions heat up post Safaricom transaction

By: Natasha Odendaal     13th November 2017 Following the R35-billion acquisition of a 34.94% stake in Kenya’s largest telecoms group Safaricom, JSE-listed telecommunications giant Vodacom plans to drive the development of its newly revamped M-Pesa platform. Speaking at Vodacom’s interim results, in Midrand, on Monday, CEO Shameel Joosub... 

MTN, Ericsson to collaborate on 5G

By: Creamer Media Reporter      9th November 2017 Telecommunications giant MTN and information and communication technology group Ericsson have teamed up to trial a range of fifth-generation (5G) use cases and applications in South Africa. The parties signed a memorandum of understanding to start trials of use cases and applications during the... 

Vodacom commercially launches narrow-band IoT in Gauteng

By: Natasha Odendaal     1st November 2017 Mobile operator Vodacom has operationalised its first commercially available narrow-band Internet of Things (NB-IoT) network in Gauteng. The commercial rollout of NB-IoT is expected to accelerate IoT adoption rates. Vodacom currently averages 55 000 new IoT connections a month. 

Spectrum crunch not sustainable as disappointment sets in over lack of auction

By: Natasha Odendaal     26th October 2017 Telecommunications giant MTN South Africa on Thursday expressed its disappointment that the spectrum impasse has not yet been resolved, reiterating that data costs will not decline until the high-demand spectrum, at the very minimum in the 2 600 MHz band, is released. Speaking at the yearly... 

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... 

Alphamin's Bisie mine on track for 2019 production

By: Natasha Odendaal     12th October 2017 Despite facing significant social, political and geographical challenges, emerging miner Alphamin Resources is on track to deliver on the first large commercial tin mine in the eastern Democratic Republic of Congo (DRC). Against a backdrop of historical political upheaval, rent-seeking, an... 

Jarana to start as SAA CEO on November 1

By: Anine Kilian     22nd September 2017 South African Airways (SAA) announced that its new CEO Vuyani Jarana will take up his position on November 1.   “The decision follows the conclusion of negotiations with his current employer [Vodacom] on his release date,” said SAA spokesperson Tlali Tlali.   Jarana's appointment is intended to... 

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... 

It's official: Vuyani Jarana is SAA's new CEO

By: News24Wire      30th August 2017 Newly appointed South African Airways (SAA) CEO Vuyani Jarana has signed his employment contract with the national carrier, spokesperson Tlali Tlali confirmed on Tuesday. “SAA is pleased to announce that Mr Vuyani Jarana has accepted its offer of employment with the airline. 

Digitalisation must be embraced by trucking industry

     25th August 2017 Digitalisation will rapidly transform the trucking industry in the near future, as it will force the industry to embrace this concept, or risk being unable to compete. This message was emphasised at this year’s fourth annual TruckX and FleetX conference and expo, which took place at the Kyalami... 

Bisie boxcut nears completion, first tin concentrates in 2019

By: Ilan Solomons     15th August 2017 Tin exploration and development company Alphamin Resources is nearing completion of the boxcut at its 9 900 t/y Bisie tin project, in North Kivu, in the Democratic Republic of Congo (DRC). Alphamin CEO Boris Kamstra tells Mining Weekly Online that local earthworks contractor Kongo River, which is... 

Sacci, Outa welcome appointment of Jarana as SAA CEO

By: Creamer Media Reporter      4th August 2017 The South African Chamber of Commerce and Industry (Sacci) and the Organisation Undoing Tax Abuse (Outa) on Friday welcomed the appointment of Vuyani Jarana as the new CEO of South African Airways (SAA). He is the first permanent CEO to be appointed at the airline since 2014.   “He is a person... 

Education institutions struggling with connectivity

By: Simone Liedtke     28th July 2017 Amid water, electricity and basic infrastructure challenges at various education institutions, the lack of Internet connectivity has also been a challenge, states wireless connectivity firm Ruckus sub-Saharan Africa sales director Riaan Graham. 

Otel Maps Fibrehoods Online

     25th July 2017 Independent telco and fibre provider, OTEL Telecoms, has launched an easy visual guide mapping the location of 250 000 square kilometres of fibre optic cable within South Africa.   By visiting, prospective high-speed broadband Internet customers can easily determine if... 

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,... 

Nakambala sugar mill expansion project completed

By: Tasneem Bulbulia     21st July 2017 During the third quarter of 2017, project management and equipment design company Bosch Projects completed the implementation of the Nakambala Product Alignment and Refinery project in Mazabuka, Zambia. Bosch Projects sugar sector director Steven Rosettenstein, who was the project manager for the... 

Vodacom Q1 revenue rises on South African operation’s strong performance

By: Creamer Media Reporter      20th July 2017 Strong revenue growth in its South African operation boosted telecommunications group Vodacom’s group revenue for the quarter ended June 30, by 3.9% year-on-year to R20.7-billion. In South Africa, revenue grew by 7.8% year-on-year to R16.65-billion, underpinned by a 17% increase in equipment... 

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... 

Creecy vows to use ICT to improve service delivery in Gauteng

By: Anine Kilian     29th June 2017 Gauteng Finance MEC Barbara Creecy says the Gauteng Provincial Treasury (GPT) will use its R712.6-million budget this financial year to promote clean governance and protect public funds to ensure the funds are used to deliver services to citizens and not siphoned off. Presenting the 2017/18... 

Vodacom appoints new chairperson

By: Anine Kilian     15th June 2017 Telecommunications group Vodacom has appointed Jabu Moleketi chairperson. He will succeed Peter Moyo, who will retire at the forthcoming annual general meeting in July. 

Vodacom sets up R20m disaster relief fund

By: Natasha Odendaal     12th June 2017 Telecommunications giant Vodacom has set up a R20-million disaster recovery fund to provide support to those hit by the fires and storms in the Western and Southern parts of the Cape. Some R10-million has been made available immediately to sustain an emergency partnership with the Department of... 

PIC says in support of Vodacom’s Safaricom acquisition

By: Natasha Odendaal     2nd June 2017 JSE-listed telecommunications giant Vodacom on Friday secured the green light from 15.63% shareholder, the Public Investment Corporation (PIC), to acquire an indirect 34.94% interest in Safaricom. State investment arm, the PIC, provided Vodacom with a letter of support for the proposed... 

Govt, industry agree on way forward for State-owned wireless network

By: Natasha Odendaal     24th May 2017 As the Department of Telecommunications and Postal Services (DTPS) spends the next few months developing the implementation plan for the recently tabled National Integrated Information and Communication Technology (ICT) Policy, Telecommunications Minister Dr Siyabonga Cwele on Wednesday assured... 

Vodacom bolsters international portfolio with R35bn Safaricom stake buy

By: Natasha Odendaal     15th May 2017 The pending acquisition of a 35% stake in Kenya’s largest telecoms group Safaricom will secure JSE-listed Vodacom a high-growth market that is as large as all of its international subsidiaries combined. The R35-billion deal, expected to be concluded in August, presented South Africa’s largest... 

Electric cars

By: Terry Mackenzie-hoy     5th May 2017 Michael Douglas, the actor starred in the 1987 film, Wall Street, played Gordon Gecko, who decreed that "greed is good". In the sequel to the film, Gekko, in 2000, is released from prison after serving eight years for insider trading and securities fraud. He is handed his possessions, which were... 

Innovation, home-grown solutions to be showcased at event

     5th May 2017 Conference and exhibition African Utility Week, held in Cape Town from May 16 to 18, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry... 

Vodacom chairperson to step down in July

By: Megan van Wyngaardt     4th April 2017 Vodacom chairperson Peter Moyo will step down from the board at the company’s annual general meeting on July 18. He will join Old Mutual Emerging Markets as CEO in June. 

Products supplied by A.B.E Construction Chemicals were successfully applied to create and coat floors in four parts of Southern Africa.

     9th March 2017 A.B.E. Is part of the Chryso Southern Africa Group. The A.B.E. Products supplied were: 

African Utility Week Industry Awards include new gas, small scale and ICT categories to reflect evolution of energy and water sectors

     20th February 2017 Nominations are open for top industry professionals and projects   “I know the energy revolution is powering up and ready to take off. We should embrace energy trade with each other”.  With these words Mr Kandeh Yumkella, UN Under-Secretary-General and Former Special Representative of the... 

IBM to train 25m Africans over five years

By: Bloomberg     17th February 2017 Technology group IBM is ramping up its digital-skills training program to accommodate as many as 25-million Africans in the next five years, looking toward building a future workforce on the continent. The US giant plans to make an initial investment of R945-million to roll out the training... 

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