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Vodacom lifts FY revenue by 7.5%, despite a lowered dividend

By: Samantha Herbst     16th May 2016 Despite a 1.2% cut in yearly dividend, and seeing a slight decline in customers to 61.3-million owing to international customer registration requirements, JSE-listed telecommunications group Vodacom continued with its growth trajectory off the back of a difficult 2015 financial year, seeing a... 

Government support imperative for solar energy in South Africa

By: Robyn Wilkinson     6th May 2016 One of the biggest challenges hindering large projects in the commercial and industrial sectors in South Africa is the lack of a legal framework enabling the production of alternate sources of energy, says photovoltaic module manufacturer SolarWorld Africa MD Gregor Kuepper. 

Court orders Vodacom to pay Please Call Me inventor

By: News24Wire      26th April 2016 South Africa’s highest legal authority, the Constitutional Court, has ruled that Vodacom must compensate the inventor of the Please Call Me SMS product. The court on Tuesday morning found Vodacom was bound by an agreement with Kenneth Nkosana Makate who has said he invented the Please Call Me... 

New Management Committee To Steer Wi-Fi Forum SA Into Second Year

     25th April 2016 The Wi-Fi Forum of South Africa has successfully completed its first year and elected a new management committee to take it into a second year of lobbying for Wi-Fi as a viable and affordable access medium for the majority of the country's population. Management committee members elected at the... 

‘New’ development bank

By: Terence Creamer     18th March 2016 The New Development Bank (NDB), which is in the process of being established by the Brics bloc of Brazil, Russia, India, China and South Africa, is aspiring to begin approving its first batch of loans from next month. South Africa’s Finance Minister Pravin Gordhan announced during his Budget... 

Vodacom shelves R7bn bid for Neotel

By: Creamer Media Reporter      1st March 2016 Telecommunications giant Vodacom has abandoned its years-long R7-billion bid for converged network operator Neotel after regulatory complexities and the failure to fulfill certain conditions led to the restructured proposal’s lapse. Last year, Vodacom undertook an eleventh-hour restructure of its... 

AIAC expands Johannesburg presence with new office move

     5th February 2016 AIAC Air Conditioning South Africa, a manufacturer of air conditioning and IT cooling systems, has now moved to larger premises on the 154 Schooner St, Laser Park, Honeydew, Johannesburg where it has been situated since 1 December 2015 Part of the Airedale International group of companies, AIAC... 

Vodacom lifts data revenue 27.5% in Q3  

By: Anine Kilian     3rd February 2016 Telecommunications group Vodacom grew its data revenue by 27.5% year-on-year to R5.52-billion for the three months ended December 31, while overall revenue increased by 8.7% year-on-year to R21.74-billion. “Customer demand for high-speed mobile data is growing across our footprint, supporting a... 

Vodacom: Double debit glitch hit 200 000 accounts

By: News24Wire      5th January 2016 About 200 000 Vodacom accounts have been affected by a technical glitch that resulted in customers being incorrectly double debited twice last week. This is according to an updated statement from Vodacom on Tuesday, as the company continues processing refunds to affected customers. 

R1bn telecoms deal referred back to CompComm

By: Natalie Greve     9th December 2015 The Competition Tribunal has referred back to the Competition Commission (CompComm) the cases involving the sale of Altech Autopage’s subscriber bases to telecommunications giants MTN, Vodacom and Cell C for some R1-billion, asking the commission for further investigation, after certain concerns... 

Vodacom backtracks on Neotel licences 

By: Natasha Odendaal     8th December 2015 Telecommunications group Vodacom has abandoned its bid for Neotel’s spectrum and Electronic Communications Network Services licences, besides others, choosing rather to focus on the converged network operator’s fixed-line assets. The Competition Tribunal would now undertake a December 10... 

Neotel CEO Sunil Joshi quits

By: News24Wire      7th December 2015 Sunil Joshi, the CEO of fixed-line telecommunications company Neotel, has resigned. His resignation comes after an investigation by the board of the company cleared him of bribery, Neotel said on Monday. 

PIC concludes transaction to buy government’s stake in Vodacom

By: African News Agency      2nd December 2015 The Public Investment Corporation (PIC) has finalised its deal to buy the South African government’s 13.9% equity stake in Vodacom, the investment managers said in a statement on Wednesday. “This is a culmination of the process that began in the first quarter of 2015, which saw the first tranche... 

Durban to house R150m Chinese fibre-optics plant

By: News24Wire      2nd December 2015 Chinese fibre maker YOFC is injecting R150-million into a local manufacturing facility to produce one million kilometres of cable each year. Durban’s Dube Tradeport Special Economic Zone will house the fibre-making facility, which is expected to be completed and operational by the end of 2016. 

Vodacom, Neotel deal hangs in the balance as hearings postponed indefinitely

By: Natasha Odendaal     23rd November 2015 Telecommunications giant Vodacom and converged network operator Neotel have two weeks to decide whether the proposed merger between the two companies would continue in an “amended” form or be abandoned altogether. Following an eleventh-hour postponement of the Competition Tribunal hearings for... 

'Disgruntled manager' sues Vodacom DRC for R200bn

By: News24Wire      19th November 2015 Mobile operator Vodacom is being sued for $14-billion (R197-billion) in the Democratic Republic of the Congo (DRC) by a controlling shareholder of a minority partner in that country. The legal matter relates to a claim brought forward by Alieu Conteh in the Commercial Court of Kinshasa against... 

World Panel unveils sun-powered mobile charging solution

By: Natasha Odendaal     17th November 2015 World Panel on Tuesday unveiled its latest robust technology, which “streams” solar-generated electricity into mobile devices, aimed at providing charging solutions for rural mobile phone owners. In a first step to get SunStream, showcased at AfricaCom in Cape Town this week, onto the local... 

Eskom expects tariff clawback to cover big portion of R30bn 2016 funding gap

By: Terence Creamer     16th November 2015 State-owned electricity producer Eskom says it should end its current financial year with a cash balance of between R10-billion and R15-billion and that its liquidity outlook for its 2016/17 financial year has also improved, with its funding requirement having narrowed from R47-billion to around... 

Vodacom rebounds from tough year, reports solid H1 performance

By: Natasha Odendaal     9th November 2015 Telecommunications group Vodacom on Monday posted a strong start to the 2016 financial year as the South African operations recovered and the international operations continued its solid performance. After overcoming what was previously described as one of its toughest years yet, with... 

DA looks to amend budget to play catch-up on R2.7bn fees shortfall 

By: Megan van Wyngaardt     26th October 2015 While President Jacob Zuma’s announcement that there would be no fee increases for universities for 2016 – following two weeks of protests by tertiary students nationwide – was a welcome relief for all students, no mention was made of where the resulting shortfall in university income, estimated... 

Nene promises ‘strict adherence’ to expenditure ceiling as tax collections come under strain

By: Terence Creamer     21st October 2015 Finance Minister Nhlanhla Nene promised “strict adherence” to government’s expenditure ceiling when outlining his Medium-Term Budget Policy Statement (MTBPS) on Wednesday, which took place amid protests inside and outside of Parliament over university fee increases. However, the statement still... 

Treasury commits R2bn to Brics bank 

By: Megan van Wyngaardt     21st October 2015 As part of its commitment to the Brazil, Russia, India, China and South Africa (Brics) grouping’s New Development Bank (NDB), the National Treasury will allocate R2-billion as South Africa’s initial capital contribution to the bank. To finance the allocation, the National Treasury had to make a... 

Fibre, high-volume mobile networks key to meeting data explosion

By: Natasha Odendaal     14th October 2015 Fibre infrastructure and high-capacity mobile networks are the only ways that South Africa can deal with the data explosion heading its way, Vodacom CEO Shameel Joosub says. Speaking at the yearly My Broadband Conference, in Midrand, on Wednesday, he said data use, particularly on the back of... 

Drag on Vodacom deal ‘frustrating’, says Neotel acting CEO

By: Natasha Odendaal     14th October 2015 Converged network operator Neotel acting CEO Kennedy Memani on Wednesday expressed his frustration at the protracted process in having a R7-billion tie-up between the nine-year-old operator and JSE-listed telecommunications giant Vodacom concluded. Speaking at the yearly My Broadband Conference,... 

Altron to sell Autopage subscriber base for R1.5bn

By: News24Wire      23rd September 2015 Local mobile networks are set to pay technology group Altron over R1-billion for its Autopage subscriber base, according to a market update. In May, Johannesburg Stock Exchange (JSE) listed Altron said it is at an advanced stage of negotiations regarding the potential disposal of Altech... 

Construction starts on PE’s first green building

By: Anine Kilian     4th September 2015 Earlier this month ground broke on South Africa’s latest four star green building – the first of its kind in the Eastern Cape. The modern three-storey office block is located within the Baywest City precinct in Port Elizabeth’s western suburbs, along the N2, and signals the greater roll-out of... 

Broadband technology can fuel township economy

By: Sydney Majoko     28th August 2015 There has been quite a number of efforts directed at rejuvenating the township economy. Recent announcements regarding the Township Renewal Programme are just a few of those efforts. What is striking, though, is that there seems to be a lack coordination to get these efforts channelled into... 

Recognition of brand excellence at the 2015 Sunday Times Top Brands Awards

     27th August 2015 The 17th Annual Sunday Times Top Brands Awards took place yesterday at the luxurious Maslow Hotel Ballroom in Sandton. The awards are held in honour of brands rated by users and non-users in the Business and Consumer sector. The research and fieldwork is conducted by TNS. Well-known local... 

Baywest City development project, South Africa

By: Sheila Barradas     21st August 2015 Construction has started on a three-storey, four-star green office block in the Baywest City development. 

Blue Label to open series of retail ‘connect’ stores

By: Natasha Odendaal     19th August 2015 JSE-listed Blue Label’s retail ambitions were coming to fruition as the group rolled out hundreds of standalone front-end retail stores in a 51:49 joint venture with Edcon Group. The R300-million project would see 400 ‘Edgars Connect’ stores, offering a range of telephony products opened within... 

Construction starts on Baywest City office block

By: Megan van Wyngaardt     17th August 2015 Construction has started on a three-storey four-star green office block in the R6-billion Baywest City development. The office block inside the Baywest City precinct, in Port Elizabeth’s western suburbs, signalled the wide-ranging roll out of development at the precinct, which included 2 000... 

Eskom must take steps to ‘live off’ own balance sheet - Brown 

By: Terence Creamer     6th August 2015 Public Enterprises Minister Lynne Brown has urged management at State-owned electricity utility Eskom to take decisive steps to halt the decline in profitability, which she revealed on Thursday had slumped from R7.1-billion in 2013/14 to R3.6-billion in 2014/15. Brown released a short statement... 

Vodacom CFO steps down

By: Creamer Media Reporter      27th July 2015 Telecommunications group Vodacom on Monday announced the resignation of CFO and executive director Ivan Dittrich, effective July 31. Vodacom South Africa executive director for finance Till Streichert would succeed Dittrich, who was leaving to pursue his own interests. 

Vodacom‚ Neotel get access to confidential documents in merger bid

By: RDM News Wire      23rd July 2015 Mobile network giant Vodacom has won a small victory in its R7-billion bid to take over fixed-line operator Neotel. It was on Wednesday granted access by the Competition Tribunal in Pretoria to confidential documents used to inform the Competition Commission's investigation into the merger. 

Telkom offers best overall prepaid range – Tarifica 

By: Natasha Odendaal     20th July 2015 Prepaid offers by telecommunications giant Telkom’s mobile arm have come out tops in a new study of South Africa’s prepaid mobile market. Incorporating prepaid plan evaluation into its monthly Tarifica Score for the first time in June, telecommunications pricing research firm Tarifica found that... 

The Public Investment Corporation increases stake in Vodacom

     1st July 2015 The Public Investment Corporation is pleased to announce that it has increased its exposure in the mobile telecommunications operator Vodacom by purchasing the Government of South Africa’s 13.91% equity stake. The stake was acquired through the PIC’s participation in the engagement process that... 

Government sells Vodacom stake to PIC to fund Eskom bailout

By: Terence Creamer     1st July 2015 The South African government confirmed on Wednesday that it had sold its 13.91% stake in telecoms group Vodacom to help finance a R23-billion capital injection into embattled State-owned electricity utility Eskom. The shares were sold to the Public Investment Corporation (PIC), acting on behalf... 

Township property boom presents business opportunities

By: Sydney Majoko     26th June 2015 Residential property prices in the South African economy have, in general, outperformed inflation in the last couple of years. Interestingly, though, while this growth is generally levelling off in the rest of the market, township residential property prices have confounded market conditions and... 

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