Author: Gugu Lourie
TechFinancials.co.za had a number of readers ask about how Telkom will finance the possible acquisition of Cell C. Telkom informed investors on Monday that it was conducting a due diligence to buy Cell C. By Gugu Lourie Bloomberg sources are saying Oger Telecom has put a R20 billion price tag on Cell C. The question whether Telkom could really afford that price tag of Cell C lies in an article written by TechFinancials.co.za on 4 October 2015 titled: Cell C could be a great buy for Telkom. In the article, TechFinancials.co.za argued that the answers is yes. Telkom may…
Centurion-based Telkom on Monday confirmed that it is in talks to buy Cell C. By Gugu Lourie Telkom informed investors on Monday morning that it weas in talks to buy Cell C . “Shareholders … are advised that Telkom is in discussions regarding a potential transaction to acquire all of the shares of Cell C. Such transaction, if successfully concluded, may have a material effect on the price of Telkom’s securities,” the telco informed investors on Monday morning. Telkom said it “is currently performing due diligence on Cell C”. TechFinancials.co.za reported on 23 September 2015 that the sale of Cell…
Vodacom, South Africa’s biggest mobile phone operator, provided hope in a cellular sector being hard hit by a scandal rocking MTN – Africa’s largest mobile phone operator. Vodacom on Monday published a stellar sets of financial figures indicating that the company is benefiting from its diversification strategy. By Gugu Lourie Vodacom, which is majority owned by British giant Vodafone, said active customers jumped 6.8% to 65.1 million in the six months to end-September 30. The company’s EBITDA (earnings before interest tax depreciation and amortisation) rose 13% to R14.7 billion and total revenue was up 6.4% to R40 billion. Furthermore, Vodacom…
Vodacom Business, which is confident of more growth opportunities for machine-to-machine (M2M), said on Monday M2M customers rose 17.5% to 1.9 million in South Africa. By Gugu Lourie M2M services are also referred to as the Internet of Things (IoT) – a concept of connecting devices to the internet ranging from refrigerators, geysers and smart electricity meters to coffee makers – in such a way that they communicate without the need of human intervention. Vodacom Business Africa, which operates in various African countries, is confident of more growth opportunities for M2M in Africa. Vodacom Business wants to leverage its parent…
MTN Group announced on Monday that it has appointed Phuthuma Nhleko as executive chairman in a temporary capacity as Sifiso Dabengwa resigns as CEO. By Staff Writer MTN wishes to inform the market that MTN’s Chief Executive Officer, Mr Sifiso Dabengwa has resigned. “Due to the most unfortunate prevailing circumstances occurring at MTN Nigeria, I, in the interest of the Company and its shareholders, have tendered my resignation with immediate effect,” stated Sifiso Dabengwa. Nhleko, the current Non-executive Chairman has agreed to act as Executive Chairman for a maximum period of 6 months while the Company identifies a successor…
South-African based tech start-up WhereIsMyTransport has been awarded the 2015 Global Grand MobiPrize and joins calls for climate action. By Staff Writer The Cape Town-based transport solutions startup is set to receive the global award at a summit in New Delhi in March 2016. MobiPrize is awarded by Mobi Platform, an initiative of SMART (Sustainable Mobility & Accessibility Research & Transformation), a multi-disciplinary initiative at the University of Michigan in the United States. It honours the business venture that has the greatest impact on revitalizing the environment and economy of communities and regions through sustainable transportation/New Mobility enterprise (including improving…
Yoco app, which provides merchants with a mobile point of sale application and card acceptance solution, enables small medium enterprises (SMEs) in South Africa to securely accept card payments at the store, or on the go. By Staff Writer The Yoco solution includes the mobile app and either a Plug-in Card reader or a Wireless card reader. The Yoco app is available for download in the Apple App Store and Google Play Store. You will need an internet or 3G connection to run transactions using Yoco. The app has been tested with 500 merchants actively transacting on the platform.…
MTN for the first time will be offering a high-end dual-SIM smartphone to cater for an increasing number of customers who have multiple SIM cards. By Staff Writer MTN will be ranging the much-anticipated Huawei Mate S to its customers effective 30 October 2015. The Huawei Mate S will be available on My MTNChoice 100 for R499 per month. Customers who take out a contract in November will receive an additional 30GB data for the first month. It is also available on PayAsYouGo for a retail price of R10799. Larry Annetts, Sales and Marketing Executive: MTN South Africa,…
The technology realms of Cloud computing, mobility, Big Data, and the Internet of Things (IoT) are converging to create unprecedented opportunities for logistics operators to better manage their assets and their vehicle traffic. For shipping ports, airports, warehouse dispatch centres, production sites, and fleet company yards, there are scores of benefits for adopting what we refer to as SmartHub Logistics (SHL). By Martin Vergunst, Business Solutions Executive at T-Systems South Africa All of these environments have similar constraints: limited opportunity for expansion, growing volumes of cargo and traffic, high costs associated with downtime, and the constant drive to ‘do more…
Last year South Africa had the most cyber attacks of any country on the continent. In 2014, losses reached an estimated R5 billion annually through cyber crime. The year before, the Norton Report rated South Africa third on the list of the number of cyber victims in the world. Russia and China topped the list. By Basie von Solms It is difficult to objectively determine the level of cyber crime in South Africa as there is currently no legal requirement to report cyber-related crimes. But there is general acceptance that the country faces a major challenge. South Africa’s laws have…