January 20, 2010
Super5Media defends licence
Local pay-TV newcomer Super5Media has defended its broadcasting licence, saying it complied with all regulation and legislation to get it.
Posted by StaffWriter at 9:41 AM | Comments (0)
December 11, 2009
Investment hotline: Wayne McCurrie - RMB Asset Management
MTN, unions, rand after 2010, Raubex, Steffanutti, gold, platinum and Capitec.
ALEC HOGG: Unfortunately Magnus Heystek is indisposed this evening, he is not well, so he isn't in the studio as normal on a Friday. But Wayne McCurrie surely is. Wayne, it's interesting times that we are going through in South Africa. We've got trade unions taking on businesses, we've got stock markets which seem to be in territory that perhaps is a little higher than one would be comfortable at.
Posted by StaffWriter at 7:48 AM | Comments (0)
December 7, 2009
R30m MTN deal irregular, rival claims
VODACOM'S corporate BEE partner Indicom IT has claimed that the MTN tender for the R30-million mobile and data services for the Nelson Mandela Bay municipality should have been disqualified at the start because it did not meet BEE requirements.
Posted by StaffWriter at 2:13 PM | Comments (0)
December 2, 2009
Vodacom directors get BEE units
Three of Vodacom's new directors, including its CFO, have been granted YeboYethu units.
Posted by StaffWriter at 12:31 PM | Comments (0)
November 3, 2009
MTN delays empowerment deal
MTN now plans to implement its multibillion-rand empowerment deal in the first half of 2010, after initially expecting it to go ahead earlier this year.
Posted by StaffWriter at 11:26 AM | Comments (0)
September 13, 2009
Nombini Mehlomakulu for JWT SA board
Nombini Mehlomakulu has been appointed as a non-executive director of JWT South Africa, the ad agency announced on Friday, 11 September 2009. Mehlomakulu is the MD of Mehlomakulu Investment Holdings, a BBBEE company with interests in the telecommunications, mining, media, leisure and hospitality and retail industries.
Posted by StaffWriter at 6:23 AM | Comments (0)
May 24, 2009
Shareholders in a huddle over BEE deal
Vodacom listing puts spotlight on Elephant Consortium, writes Simpiwe Piliso.
Posted by StaffWriter at 8:46 AM | Comments (0)
The Vodacom Debacle
Relief at listing but speculation still swirls.
Some believe it was all about blocking Mbeki allies from benefiting
Posted by StaffWriter at 8:45 AM | Comments (0)
May 21, 2009
Price discounts Vodacom BEE deal
Vodacom's market capitalisation, recorded after its listing on Monday, shows that black economic empowerment (BEE) partners overpaid for their slice of the cellular operator.
Posted by StaffWriter at 8:41 AM | Comments (0)
May 19, 2009
Vodacom set to take a new direction
With Vodafone now owning 65% of the Vodacom group and Telkom releasing its share, the company is set to move forward in a clear, new direction.
Posted by StaffWriter at 11:30 AM | Comments (0)
Vodacom subscribers up 16%, headline earnings decline
Newly-listed telecommunications group Vodacom had delivered a "solid" set of results for the year ended March 31, 2009, with CEO Pieter Uys noting that it was gratifying that the group had continued to show quality and resilience, despite the global economic downturn.
Posted by StaffWriter at 11:28 AM | Comments (0)
March 29, 2009
Telkom hit by another tender row
BEE firm says rules flouted in outsource deal, writes Buddy Naidu.
Posted by StaffWriter at 7:17 AM | Comments (0)
March 27, 2009
MTN Group to implement Newshelf acquisition
MTN Group said on Friday that subject to conditions, it is to implement the Newshelf acquisition.
Posted by StaffWriter at 12:29 PM | Comments (0)
MTN completes due diligence on BEE deal
MTN said on Friday a due diligence investigation had been finalised on its plan to sell 5% to 6% of its shares to black investors.
Posted by StaffWriter at 8:06 AM | Comments (0)
March 13, 2009
MTN BEE on indefinite hold
[ Johannesburg, 13 March 2009 ] - MTN employees expecting to join in MTN's black economic empowerment (BEE) deal may have to wait for quite a while.
Posted by StaffWriter at 12:49 PM | Comments (0)
March 4, 2009
Vodacom to list on JSE on May 5
Mobile services group Vodacom is to list on the JSE on May 5.
Posted by StaffWriter at 2:38 PM | Comments (0)
March 3, 2009
May 5 set down for Vodacom's JSE debut
South African mobile-telecoms giant Vodacom expects to list on the main board of the JSE on May 5, having posted its pre-listing statement to Telkom shareholders on Tuesday.
Posted by StaffWriter at 11:44 AM | Comments (0)
Vodacom to list on May 5: Pieter Uys, chief executive, Vodacom
ALEC HOGG: Right now, Pieter Uys, the chief executive of Vodacom, is on a conference call to investors around the world. We managed to catch up with him literally five minutes before coming on to the programme. Here's what he had to say.
Posted by StaffWriter at 11:40 AM | Comments (0)
Vodacom to list on the JSE on 5 May 2009
Vodacom is expected to list on the main board of JSE Limited on 5 May 2009.
Posted by StaffWriter at 11:36 AM | Comments (0)
February 20, 2009
MTN shelves giant BEE deal
[Lesley Stones Business Day] MTN's huge black empowerment plan to spread its shares among ordinary citizens has been shelved as most people are too cash-strapped to buy into the business.
Posted by StaffWriter at 10:18 AM | Comments (0)
February 19, 2009
MTN empowerment deal put on hold
MTN is postpon ing its planned R23-billion black economic empowerment transaction due to "severe constraints in the current financial markets".
Posted by StaffWriter at 7:26 AM | Comments (0)
February 18, 2009
MTN delays mega-BEE deal
Company cites "severe constraints in current financial markets".
MTN (JSE:MTN) has delayed till further notice its new BEE deal which it had hoped to conclude in the first half of this year.
Posted by StaffWriter at 8:17 AM | Comments (0)
MTN backtracks on BEE deal
Johannesburg - Mobile network operator MTN may have shelved a black economic empowerment (BEE) deal because it struggled to find external funding on acceptable terms, an analyst said on Wednesday.
Posted by StaffWriter at 7:28 AM | Comments (0)
January 30, 2009
Telecoms charter back in committee
Johannesburg - The telecoms and technology empowerment charter steering committee is scheduled to meet next week to finalise the amendments to its draft charter.
Posted by StaffWriter at 8:40 AM | Comments (0)
January 19, 2009
Court move to halt Telkom tender
MAREDI has filed an urgent court application in a bid to stop Telkom awarding a multimillion-rand tender
Posted by StaffWriter at 11:10 AM | Comments (0)
ACTowers in BEE deal with Tiso
Newly formed Tiso Telecom, a subsidiary of black economic-empowerment (BEE) investment group Tiso, would become a 25,1% shareholder in African Cellular Towers (ACTowers), for between R115-million and R138-million.
Posted by StaffWriter at 7:42 AM | Comments (0)
January 6, 2009
MTN secret out: Don't sell shares
CEO's decision is a sign of good faith
MTN's best kept secret is out -- hold on to your shares.
Posted by StaffWriter at 7:40 AM | Comments (0)
December 28, 2008
Mandla Mandela to sue bus boss
Johannesburg - Former president Nelson Mandela's grandson plans to sue SA RoadLink bus company boss Allan Reddy for using his name as a front for the company.
Posted by StaffWriter at 2:03 PM | Comments (0)
December 17, 2008
Nhleko to gain from Newshelf's unwinding
Johannesburg - Phuthuma Nhleko, the chief executive of MTN Group, could walk away with R300 million after the unwinding of the Newshelf 664 structure at the end of the month to pave the way for a broad-based black economic empowerment (BEE) deal, an analyst said on Monday.
Posted by StaffWriter at 1:36 PM | Comments (0)
R23.2bn bonanza
MTN unveils plans for 'top-up' BEE deal
MTN has unveiled plans for a new black economic empowerment deal after announcing the unwinding of its current empowerment vehicle.
Posted by StaffWriter at 1:33 PM | Comments (0)
December 11, 2008
BEE share scares
Only Telkom and MTN make gains
BLACK empowerment shares had mixed fortunes this week as some investors made great gains, while others licked their wounds.
Posted by StaffWriter at 10:13 AM | Comments (0)
December 10, 2008
African Cellular Towers to finalise BEE deal early '09
Telecommunications network projects company Africa Cellular Towers on Wednesday stated that it would finalise a black economic-empowerment (BEE) transaction early next year.
Posted by StaffWriter at 10:09 AM | Comments (0)
December 1, 2008
Tabane resigns
Onkgopotse JJ Tabane, who becomes Cope spokesperson on Monday, has resigned from his job at Altron, the telecommunications and information technology firm said.
Posted by StaffWriter at 12:35 PM | Comments (0)
November 19, 2008
Vox Telecom revenues up 87%
Vox Telecom has announced an 87% increase in revenues, to R 1 847 billion
Posted by StaffWriter at 10:20 AM | Comments (0)
November 17, 2008
Telkom ready to offload Telkom Media
Negotiations with potential investor progressing well, announcement expected soon
Posted by StaffWriter at 8:10 AM | Comments (0)
November 14, 2008
IRT Projects breaks new ground with MTN infrastructure rollout
IRT Projects landed an R18 million deal with major cellular company on supplying data centre cabinets and cooling solutions.
Posted by StaffWriter at 12:54 PM | Comments (0)
November 6, 2008
BT in landmark BEE deal
UK tech group has 'long-term commitment to SA', not worried by world financial crisis
Posted by StaffWriter at 11:19 AM | Comments (0)
Sekunjalo buys 30% of BT SA
BT had sold a 30 percent stake in its local subsidiary, BT South Africa, to JSE-listed empowerment group Sekunjalo for R27 million, the global technology and telecoms services company said yesterday.
Posted by StaffWriter at 7:10 AM | Comments (0)
November 5, 2008
British Telecoms in BEE deal with Sekunjalo
Black-controlled investment holding company Sekunjalo Investments would acquire a 30% stake in communications solutions provider British Telecommunications (BT) in a broad-based black economic-empowerment deal.
Posted by StaffWriter at 11:16 AM | Comments (0)
October 27, 2008
Swiftnet seeks out new black partner after Icasa's rejection
The Independent Communications Authority of SA (Icasa) has rejected the proposed black economic empowerment (BEE) partner of Telkom subsidiary Swiftnet, forcing the fixed-line operator to search for a new partner once again.
Posted by StaffWriter at 7:42 AM | Comments (0)
October 8, 2008
Huge grows market share
A rapid growth rate in the local managed telecommunications industry combined with a substantial increase in market share enabled AltX listed telecommunications company, the Huge Group, to post a strong set of interim results for the six months ended 31 August 2008.
Posted by StaffWriter at 10:00 AM | Comments (0)
October 3, 2008
Telkom - change in sight?
Shareholders are getting increasingly agitated with the lack of leadership in the company and the inability to either do a deal or get on with business.
Posted by StaffWriter at 1:39 PM | Comments (0)
October 2, 2008
Jasco reports higher FY earnings
JSE-listed telecoms-equipment and electronics company Jasco on Thursday announced a "pleasing" increase in earnings a share, in line with its strategy to further diversify its portfolio.
Posted by StaffWriter at 12:10 PM | Comments (0)
September 26, 2008
Vodacom BEE offer oversubscribed
BLACK investors have applied for three times the number of shares that Vodacom has earmarked for them in a public offer that forms part of its R7,5bn empowerment deal.
Posted by StaffWriter at 7:12 AM | Comments (0)
September 25, 2008
Women take half of YeboYethu offer
About 100 000 individual applications were submitted for Vodacom's public share offer, YeboYethu.
Posted by StaffWriter at 7:08 AM | Comments (0)
Vodacom YeboYethu share offering: The numbers
Cellphone company Vodacom says its YeboYethu public offer was nearly three times oversubscribed with approximately 100,000 applications submitted.
Posted by StaffWriter at 7:07 AM | Comments (0)
September 18, 2008
YeboYethu sells like hotcakes
Participation in Vodacom's public share offer, which closed last week Thursday, has "proven to be very popular".
Posted by StaffWriter at 12:52 PM | Comments (0)
September 4, 2008
Vodacom says no to poor whites
Vodacom has admitted its YeboYethu public shares offer - which forms part of its R7.5 billion BEE deal concluded earlier this year - is a means to achieving "acceptable BEE credentials", rather than for the upliftment of poor South Africans.Posted by StaffWriter at 2:27 PM | Comments (0)
September 2, 2008
Union challenges Vodacom about shares
Trade union Solidarity on Tuesday challenged cellphone giant Vodacom to refuse applications from poor white South Africans wanting to buy shares meant for the black public.Posted by StaffWriter at 7:16 AM | Comments (0)
September 1, 2008
ECA comes alive
History has been made: Icasa has finally converted telecoms licencesPosted by StaffWriter at 8:22 AM | Comments (0)
August 29, 2008
Altech wins High Court verdict
ALEC HOGG: Doug Reed, chief executive of Vox Telecom is with us in the studio. What are the benefits going to be of this [the Altech court case ruling], Doug?Posted by StaffWriter at 7:25 AM | Comments (0)
August 26, 2008
Vodacom acquires a shareholding in StorTech
Cellular operator Vodacom announced today that it has acquired a shareholding in Storage Technologies Services (StorTech), a managed enterprise data centre services company providing a range of storage and security services.Posted by StaffWriter at 10:01 AM | Comments (0)
August 10, 2008
Funny business at Telkom
As the battle within the divided ANC rages on, the mixed messages emanating from Telkom's head office suggest that it may be caught in the middle of the struggle for power.Posted by StaffWriter at 7:14 AM | Comments (0)
July 29, 2008
Amava Holdings invests in dns telecom
dns telecom, a converged telecommunications solutions company, today announced that Amava Holdings had taken a 30% stake in the company.Posted by StaffWriter at 1:35 PM | Comments (0)
Vodacom wants more empowerment
Following the completion of Vodacom's protracted R7.5-billion broad-based empowerment deal, the country's largest mobile provider is hungry for more empowerment, CEO Alan Knott-Craig announced this morning.Posted by StaffWriter at 8:50 AM | Comments (0)
Telkom to take a 10% hit from Vodacom's BEE deal
Vodacom have announced a "full service", mammoth BEE deal which is the largest yet done in the industry. But it comes at a price.Posted by StaffWriter at 7:38 AM | Comments (0)
July 25, 2008
Vodacom may provide hefty financing for public offer
A leaked prospectus of Vodacom's public offer suggests the company will put its hand deep in its own pocket to finance its offer - a move likely to delight investors but disappoint shareholders.Posted by StaffWriter at 7:24 AM | Comments (0)
July 24, 2008
Centratel launches new voice connectivity service provider, Centracom
The Centratel Group has announced the formation of a new subsidiary, Centracom, a voice connectivity service provider.Posted by StaffWriter at 11:54 AM | Comments (0)
July 23, 2008
Mashile slates 'token BEE'
Independent Communications Authority of SA (ICASA) chairman Paris Mashile has lashed out at "token empowerment" within the telecoms industry, accusing many companies of using their BEE status purely to gain business.Posted by StaffWriter at 11:52 AM | Comments (0)
Vodacom's public offer to black investors leaked?
Vodacom says the information in an e-mail in Moneyweb's possession "should not be relied on" - but it looks suspiciously like the terms of the transaction have been leaked.Posted by StaffWriter at 11:26 AM | Comments (0)
July 22, 2008
SWICON to spearhead ROC Group's ROC Africa initiative
Leading SAP HCM specialist ROC has announced that South Africa-based SAP HCM consultancy SWICON has joined forces with ROC Group to lead ROC's African business initiative.Posted by StaffWriter at 1:48 PM | Comments (0)
GTS eyes large broadband footprint
Powerline communication company Goal Technology Solutions (GTS) says it is on track to develop a large footprint within the Southern African residential market, following its sale of an 80% stake to Safika Holdings.Posted by StaffWriter at 11:13 AM | Comments (0)
July 16, 2008
WiMax for Neotel goes to Tellumat
The deal ensures rapid, cost-effective and future-proof entry on a large scale into the increasing competitive, broadband access market in South Africa.Posted by StaffWriter at 8:41 AM | Comments (0)
July 14, 2008
BEE deal goes to court
The Department of Public Enterprise's (DPE) dealings with state-owned enterprises (SOE) are being brought into the middle of the biggest legal wrangle over an empowerment deal gone bad.Posted by StaffWriter at 7:45 AM | Comments (0)
July 7, 2008
Foodcorp appoints Grapevine Communications
Grapevine Communications has become further entrenched in the FMCG market by adding food giant, Foodcorp, to its portfolio. Foodcorp is Africa's largest black-owned food manufacturer and the world's fourth-largest wheat milling complex.Posted by StaffWriter at 3:29 PM | Comments (0)
June 12, 2008
Tiger still after Vodacom
The withdrawal of two members does not prevent the consortium from pursuing litigation.Posted by StaffWriter at 1:13 PM | Comments (0)
June 9, 2008
Shareholding structure limits Vodacom's expansion, says outgoing CEO
Vodacom CEO Alan Knott-Craig, who on Monday made his resignation official, said that it was time to change the company's shareholding structure, arguing that the current structure was limiting its expansion possibilities.Posted by StaffWriter at 7:17 AM | Comments (0)
June 6, 2008
Vodacom BEE case dismissed
The Johannesburg High Court has ruled against an interdict filed by the Tiger Consortium against Vodacom over the cellular operator's black economic empowerment (BEE) deal.Posted by StaffWriter at 7:15 AM | Comments (0)
June 5, 2008
Vodacom faces court move from BEE loser
A BLACK consortium that failed to survive the first round of short-listing for part of Vodacom's R7,5bn empowerment deal is taking the cellular operator to court in a bid to halt the process.Posted by StaffWriter at 9:22 AM | Comments (0)
June 4, 2008
Tiger seeks to block Vodacom empowerment deal
South Africa's Tiger Consortium, comprising Vodacom employees, is seeking an urgent interdict to stop the mobile phone operator's planned 7.5 billion rand black economic empowerment deal.Posted by StaffWriter at 9:08 AM | Comments (0)
June 2, 2008
Vodafone bids for part of Telkom's Vodacom stake
South Africa's Telkom has had an offer from Vodafone to buy a further 12.5 percent stake in mobile operator Vodacom for 18.75 billion rand ($2.47 billion), while Mvelaphanda Group may lead a bid for the whole group minus the Vodacom stake.Posted by StaffWriter at 1:31 PM | Comments (0)
Dramatic shake-up for SA telecoms
The SA telecommunications industry is entering a dramatic period of potentially large-scale reorganisation.Posted by StaffWriter at 9:32 AM | Comments (0)
Mvela-led group makes R90bn bid for Telkom
THE South African telecoms industry is set to enter a period of dramatic restructuring today after an audacious, fully funded bid by an Mvelaphanda Holdings-led consortium for Telkom, which seems likely to value the company at about R90bn.Posted by StaffWriter at 8:16 AM | Comments (0)
May 22, 2008
The man who lost the R7,5bn Vodacom deal
Nkenke Kekana has come to be known as the man who lost one of SA's most coveted black economic empowerment (BEE) deals -- the R7,5bn Vodacom transaction.Posted by StaffWriter at 12:06 PM | Comments (0)
May 13, 2008
MTN bids double value of BEE deal
As yet another suitor joins the ranks of bidders for MTN, black economic empowerment (BEE) investors who bought into Africa's largest cellular network operator at a 20 percent discount last August have almost doubled their money.Posted by StaffWriter at 12:57 PM | Comments (0)
May 4, 2008
Vodacom bidders butt heads
These are redemption days for black economic empowerment (BEE) group Thebe Investments, which, together with Royal Bafokeng Holdings (RBH), was last week named Vodacom's preferred empowerment partner.Posted by StaffWriter at 7:59 AM | Comments (0)
April 29, 2008
Buzz over Vodacom's BEE selection is not sweet
Vodacom has, at long last, chosen preferred strategic partners for its black economic empowerment (BEE) deal. The announcement, which was expected to be finalised in the fourth quarter of this year, was pushed forward by several months.Posted by StaffWriter at 3:00 PM | Comments (0)
April 25, 2008
Vodacom unveils BEE partners
Vodacom has announced that Royal Bafokeng Holdings and Thebe Investment Corporation will be the company's "preferred strategic partners" in its broad-based black economic empowerment (BBBEE) transaction.Posted by StaffWriter at 8:00 AM | Comments (0)
Vodacom names preferred empowerment partners
Vodacom has named its preferred partners for its long-anticipated, multibillion-rand black empowerment deal. They are Royal Bafokeng Holdings and Thebe Investment Corp.Posted by StaffWriter at 7:59 AM | Comments (0)
April 7, 2008
With unbundling out of the way, time to bed down BEE
Following the unbundling of Johnnic Holdings, Avusa does not have a controlling shareholder and there is some uncertainty over its black economic empowerment credentials in terms of ownership.Posted by StaffWriter at 8:02 AM | Comments (0)
April 2, 2008
Vodacom goes ahead with BEE deal
Cellphone giant Vodacom said it would complete its black economic empowerment (BEE) transaction by the fourth quarter of the year despite rumours that the bidding consortiums were falling apart.Posted by StaffWriter at 3:04 PM | Comments (0)
March 31, 2008
Telkom's mobile and media plans
Telkom has shed some light on the future plans for the company, including Telkom Media.
Telkom has release information pertaining to the future direction the company intends to take and it includes its mobile plans, potential acquisitions and Telkom Media.
Posted by StaffWriter at 1:13 PM | Comments (0)
Vodacom BEE still on track
Vodacom has assured the market that its increasingly controversial black economic empowerment (BEE) deal is still on track.Posted by StaffWriter at 11:47 AM | Comments (0)
Telkom rejects Oger approach
Listed telecoms giant, Telkom on Monday said its board has declined the previously announced expression of interest by Oger Telecoms "as it was not in the interests of Telkom shareholders."Posted by StaffWriter at 8:48 AM | Comments (0)
March 26, 2008
Altech BEE partner steps down
Altech non-executive director Dr Enos Banda has resigned.Posted by StaffWriter at 2:41 PM | Comments (0)
March 20, 2008
Itec replaces Sisulus
Telecommunications company Itec Tiyende has elected iKamva Labantu, a Cape Town-based non-profit organisation (NPO), as its new broad-based black economic empowerment (BEE) partner.Posted by StaffWriter at 12:51 PM | Comments (0)
March 17, 2008
Itec, Tiyende part ways
Tiyende Telecommunications will this week issue a final legal notice to Itec SA, severing their three-year relationship.Posted by StaffWriter at 2:28 PM | Comments (0)
Vodacom, ANC clash over BEE
Vodacom's refusal to allow one of the consortium bidders for its black economic empowerment (BEE) stake to break up and re-pitch individually is most likely driven by protecting its business interests, says an investment analyst.Posted by StaffWriter at 1:11 PM | Comments (0)
Vodacom BEE deal may not be quite so beneficial to all
The company should come up with a campaign that gives all South Africans the chance to form partnershipsPosted by StaffWriter at 8:47 AM | Comments (0)
March 15, 2008
Ngcuka or nothing!
Vodacom issues ultimatum to BEE consortium, writes Simpiwe Piliso.Posted by StaffWriter at 8:53 AM | Comments (0)
March 11, 2008
Vodacom to sell R7,5bn BEE shares
BLACK South Africans will be able to buy into SA's most successful cellphone network, Vodacom, when it lists some of its shares on the JSE as part of a R7,5bn empowerment deal.Posted by StaffWriter at 9:35 AM | Comments (0)
March 10, 2008
Long-awaited Vodacom BEE deal to be implemented in fourth quarter
Cellular services provider Vodacom on Monday said that its black economic-empowerment deal, which has been delayed several times, would be implemented in the fourth quarter of 2008.Posted by StaffWriter at 7:23 AM | Comments (0)
Vodacom in process of structuring R7,5bn BEE deal
South African mobile telecommunications group Vodacom and its shareholders, together with Rand Merchant Bank, a division of FirstRand Bank, are currently in the process of structuring a R7,5-billion black economic empowerment (BEE) transaction, it said on Monday.Posted by StaffWriter at 7:21 AM | Comments (0)
Proposed broad-based BEE transaction with significant public offer
"Our BEE transaction is well on track. It will be broad-based including our staff, the public and strategic partners who contribute meaningfully to our business. We expect to announce the full details of the transaction in the third quarter of this year." Alan Knott-Craig - Chief Executive Officer, Vodacom.Posted by StaffWriter at 7:20 AM | Comments (0)
February 18, 2008
Political ties weigh on Ngcuka's Vodacom bid
Former Scorpions boss Bulelani Ngcuka's political connections may cost him a coveted Vodacom black economic empowerment (BEE) stake and have delayed the selection of a BEE partner, according to a source who was involved in the talks.Posted by StaffWriter at 8:17 AM | Comments (0)
February 8, 2008
Big directors' deals are BEE transactions
Vox Telecom (JSE:VOX) directors Thierry Dalais and Lulu Gwagwa sold shares worth R191,2m in January - but those sales were actually to darken the share register.Posted by StaffWriter at 10:11 AM | Comments (0)
January 30, 2008
Vox Telecom Completes Acquisition of Storm
Vox Telecom has announced that is has obtained approval to complete the acquisition of Storm Telecom.Posted by StaffWriter at 7:39 AM | Comments (0)
January 16, 2008
Beget: Good & bad news
Beget Holdings, the cellular services specialist, has claimed its first profit for four years - reporting bottom line earnings of R3m for the interim period ending October 2007. But the group's auditors still seem seriously concerned about the its operational status.
Posted by StaffWriter at 7:58 AM | Comments (0)
January 2, 2008
Broadly ungenerous - Vodacom
Sparks are set to fly as mobile phone network operator Vodacom moves closer to finalising its R7,5bn black economic empowerment (BEE) dealPosted by StaffWriter at 8:24 AM | Comments (0)
December 10, 2007
Motorola mulls BEE
Motorola is mulling a black empowerment equivalency deal. "We're looking at some equivalent options and hope to have an update early in the new year," says Jacqui O'Sullivan, Motorola's Middle East and Africa regional communications manager.Posted by StaffWriter at 7:20 AM | Comments (0)
December 7, 2007
More millions for MTN's Santie Botha
MTN (JSE:MTN) marketing director Santie Botha this week scored a profit of R23m by cashing in options over 200 000 shares. Last year she sold 109 540 shares at a capital gain of R6,1m.Posted by StaffWriter at 1:26 PM | Comments (0)
November 30, 2007
TeleTech overcomes BEE concerns
US call centre operator TeleTech says it has overcome fears about the country's prevailing broad-based black economic empowerment (BEE) policies and, despite "ridiculously" high telecommunication costs, it is investing "hundreds-of-millions" in expanding its footprint in SA.Posted by StaffWriter at 7:19 AM | Comments (0)
November 29, 2007
Telkom, MTN can't agree on fixed-line sale
Telkom called off talks with MTN yesterday after the companies failed to agree on the sale of Telkom's fixed-line assets to the cellphone network.Posted by StaffWriter at 7:42 AM | Comments (0)
November 28, 2007
R9bn smack for Telkom
The termination of the talks between Telkom, MTN and Vodafone, wiped R9bn off Telkom's market value in morning trade, as the market took the blue sky out of the equation and the shares fell as much as 10.9% at one stage.
Posted by StaffWriter at 7:34 AM | Comments (0)
November 21, 2007
Reunert earnings down
Reunert (RLO) reported a 48% decrease in its diluted headline earnings per share to 268.4c for the full year to September 2007 from 520 cents last year.Posted by StaffWriter at 7:17 AM | Comments (0)
November 20, 2007
Vodacom goes BEE next year
Vodacom will change ownership by the end of its first financial quarter next year, regardless of the outcome of talks between Telkom and UK cellphone network operator Vodafone.Posted by StaffWriter at 1:31 PM | Comments (0)
November 19, 2007
Vodacom CEO says firm won't rush Africa expansion
South Africa's largest mobile operator Vodacom would not aggressively expand into other African countries and pay "super premiums" for access to high growth markets, its head said on Monday.Posted by StaffWriter at 1:30 PM | Comments (0)
Vodacom won't delay R7,5bn BEE deal any longer - Knott-Craig
South Africa's biggest cellphone services provider, Vodacom, will struggle with rising costs over the next few months, and hopes to conclude its long-awaited R7,5-billion empowerment deal early next year, it said on Monday.Posted by StaffWriter at 1:26 PM | Comments (0)
November 16, 2007
Vodacom's empowerment call seems to be on hold
The news this week that UK cellphone giant Vodafone was planning to list Vodacom has brought uncertainty into the market - and the plans of hopeful participants - regarding Vodacom's planned R7.5 billion empowerment deal.Posted by StaffWriter at 11:49 AM | Comments (0)
November 13, 2007
Vodafone speaks out about Vodacom
Vodafone CEO Arun Sarin said that his company is planning to sell shares in Vodacom as part of a plan to raise its 50 percent stake in the company.Posted by StaffWriter at 2:33 PM | Comments (0)
November 2, 2007
CORPORATE PROFILE: LAZARUS ZIM - To build a giant
The corporate world and BEE deals have proved to be ideal preparation for an ambitious entrepreneurial mining projectPosted by StaffWriter at 11:01 AM | Comments (0)
October 25, 2007
Saab gobbles Grintek
Saab, the Swedish defence and civil security company, has taken over local communications company Grintek.Posted by StaffWriter at 12:02 PM | Comments (0)
October 17, 2007
Telkom rejects HP's alternate equity plan
Telkom has refused to give any new supply contracts to Hewlett-Packard (HP) after rejecting the company's equity equivalent projects, an executive close to a multinational ICT company, said yesterday.Posted by StaffWriter at 12:20 PM | Comments (0)
March 2, 2006
Kekana trawls for telecoms BEE booty
A consortium of black hi-tech professionals, led by former government and Telkom official Nkenke Kekana, is fishing for a large stake in one of the major telecoms operators...
Posted by Bernie at 2:06 PM | Comments (0)
