Saturday, October 24, 2020
Shoddy planning costs ICASA R1bn
Financial

Shoddy planning costs ICASA R1bn

ICASA's unlawful act of postponing the implementation of a new fee structure creates a number of practical difficulties, says chairman Stephen Mncube in an affidavit. The Independent Communications Authority of SA's (ICASA's) postponement of a…

Microsoft buys Nook stake
Financial

Microsoft buys Nook stake

Microsoft is jumping into the fast-growing e-books market by investing $605 million over five years in Barnes & Noble's Nook e-reader and college business, as it looks to unlock Amazon.com and Apple's grip on the…

Diversification buoys Datatec
Financial

Diversification buoys Datatec

Dual-listed Datatec's second-half results for the six months to February are expected to be a half-on-half and year-on-year improvement.   The company yesterday released an interim management statement for the four months between September and…

The business of sharing
Financial

The business of sharing

The business of sharing Mobile phone towers across Africa are being sold en masse by the continent's telecoms operators, as they try to reduce costs amid falling voice revenues. Telecom operators' sale of their mobile…

DTT funding denied
Financial

DTT funding denied

The shortfall for the South African Broadcasting Corporation's digital TV project for the 2012/3 to 2015/6 period is R3.9 billion. National Treasury has denied funding to state-owned enterprises (SOEs) under the Department of Communications (DOC)…

Datatec buys Australian firm
Financial

Datatec buys Australian firm

Buying Corpnet will expand Datatec's Logicalis subsidiary's existing offering and add complementary skills and resources, says CEO Jens Montanana. Dual-listed Datatec says its Logicalis subsidiary will buy Corpnet, a Brisbane-based provider of IT solutions, for…

ConvergeNet slumps into loss
Financial

ConvergeNet slumps into loss

JSE-listed ConvergeNet, which was recently bought out through a hostile takeover, has made a loss for the first half of the year after contracts were delayed. This week, ConvergeNet published its results for the six…

East, West Africa drag Altech lower
Financial

East, West Africa drag Altech lower

Altech replaced its East African management team, CEO Craig Venter said last September. JSE-listed Allied Technologies' (Altech's) East and West African operations have again dented the company's performance, contributing to a 24% decline in full-year…