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Topic - Vodacom
Feb 05, 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...
Feb 03, 2016
Vodacom CEO Shameel Joosub
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...
Jan 05, 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...
Dec 09, 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...
Dec 08, 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...
Dec 07, 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.
Dec 02, 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...
Dec 02, 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...
Nov 23, 2015
Nov 19, 2015
Nov 17, 2015
Nov 16, 2015
Nov 09, 2015
Oct 26, 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...
Oct 21, 2015
Finance Minister Nhlanhla Nene
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....
Oct 21, 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...
Oct 14, 2015
Vodacom CEO Shameel Joosub
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,...
Oct 14, 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...
Sep 23, 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...
Sep 04, 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...
Aug 28, 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...
Aug 27, 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...
Aug 21, 2015
Construction has started on a three-storey, four-star green office block in the Baywest City development.
Aug 19, 2015
Blue Label Joint CEO Brett Levy
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...
Aug 17, 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...
Aug 06, 2015
Public Enterprises Minister Lynne Brown
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....
Jul 27, 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.
Jul 23, 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...
Jul 20, 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...
Jul 01, 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...
Jul 01, 2015
Finance Minister Nhlanhla Nene
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...
Jun 26, 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...
Jun 17, 2015
Vodacom has expressed cautious welcome over one regulator's approval of its planned bid to buy Neotel. The Independent Communications Authority of South Africa (Icasa) earlier this week gave Vodacom the green light to buy Neotel for R7-billion.
May 21, 2015
Telecommunications and Postal Services Minister Dr Siyabonga Cwele on Thursday promised to finalise the much-anticipated spectrum policy this year. While giving no indications of a timeline, he told media prior to the Department of Telecommunications and Postal...
May 18, 2015
Vodacom CEO Shameel Joosub
JSE-listed Vodacom CEO Shameel Joosub on Monday said the telecommunications group had faced its toughest year yet in the period to March 31; however, the fourth quarter performance indicated an optimistic recovery into the next financial year. The first half of the...
Apr 22, 2015
Telecommunications giant Vodacom on Wednesday said it is testing the viability of retrofitting a compact base station to the roof of existing shipping container shops to supply mobile coverage to townships. Starting in the Alexandra township, in Gauteng, Vodacom...
Apr 21, 2015
SA mining companies in Zimbabwe and several other Africa operations have not been targeted by the wave of retaliatory action over the recent xenophobic attacks in Durban and Johannesburg. Officials and sources at most mining companies in Zimbabwe and executives from...
Mar 06, 2015
The project involves the construction of a gigabit passive optical networking solution to expand Vodacom’s customer-base enterprise and residential markets.
Jan 26, 2015
Telecommunications giant Vodacom has taken another step towards expanding its fixed-lined capabilities as it moved to build a fibre-to-the-home network. South Africa’s largest mobile operator appointed communication solution provider Alcatel-Lucent to deploy a...
Jan 16, 2015
Telecommunications group Vodacom’s play for converged communications network operator Neotel could effectively enable South Africa’s largest fixed-line operator Telkom to regain its monopoly status. Internet Solutions executive for cloud and communications Wayne...
Jan 15, 2015
The potential stifling of competition in the telecommunications sector has South Africa’s mobile operators up in arms as they move to block Vodacom’s R7-billion bid for converged communications network operator Neotel. Rival telecommunication operators on Thursday...
Jan 05, 2015
Telecommunications giant Vodacom on Monday unveiled its Department of Basic Education-endorsed learning platform giving students, teachers and parents unlimited access to education content. Speaking at a breakfast launch event that also honoured South Africa’s top...
Nov 27, 2014
This year, 82 companies met the JSE’s Socially Responsible Index (SRI) requirements relating to environmental, social and governance (ESG) policies and management practices, compared with only 72 companies in 2013, as companies become more aware of how they...
Nov 12, 2014
As over-the-top (OTT) voice over Internet protocol (VoIP) services start to threaten the revenues of mobile operators, telecommunications giant MTN on Tuesday called for collaboration. The pressure of maintaining revenue amid the emergence of OTT services, such as...
Nov 10, 2014
Vodacom CEO Shameel Joosub
Telecommunications group Vodacom on Monday reported a 5.5% decline in headline earnings a share to 415c for the six months ended September 30, mainly owing to the mobile termination rate (MTR) cuts, as well as increased depreciation as a result of accelerated capital...
Oct 31, 2014
Finance Minister Nhlanhla Nene confirmed a further direct allocation to power utility Eskom of at least R20-billion. But he also stressed last week that the injection would have no impact on the Budget deficit as the capital would be raised through the sale of...
Oct 22, 2014
Finance Minister Nhlanhla Nene confirmed a further direct allocation to power utility Eskom of at least R20-billion. But he also stressed on Wednesday that the injection would have no impact on the Budget deficit as the capital would be raised through the sale of...
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