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Hilary Gush

Telkom’s monopoly finally ends

SOUTH AFRICA issued two telecoms licences to state-owned signal distributor Sentech on Monday in a move heralding the end of state-controlled utility Telkom's fixed-line monopoly.

Didata reels after Asia warning

South African networking group Dimension Data dived 10% on Thursday after its Datacraft Asia unit warned of a year loss and despite slightly better-than-expected first-half figures from the parent firm.

Telkom’s chief sees ”mixed bag” not harming value

The outgoing chief operating officer of South Africa's Telkom said on Thursday the utility's offering of both mobile and fixed-line services would not compromise its valuation during its listing, due by March.

De Beers H1 sales up, H2 seen less shiny

Global gem giant De Beers reported an 8,5% rise in first-half rough diamond sales to ,84-billion on Monday, but said it did not expect sales or cashflow to be as sparkling in the final six months of 2002.

Didata to pay Worldwide R294m plus shares

South Africa's Dimension Data said on Friday it would pay R294-millionto Worldwide Africa and issue 42.4 million shares to the group as part of a deal related to Worldwide's stake in Plessey.

Nigeria seen helping MTN lift H1 EPS 40%

South African mobile phone operator MTN is expected to report a 40% hike in first-half headline earnings next week, buoyed by better-than-expected growth in its year-old Nigerian operations.

Oppenheimer says SA mine plans are ‘worrying’

De Beers Chairman Nicky Oppenheimer said South Africa's draft proposals to shake up the mining industry had set off some alarm bells.

Anglo to give staff anti-Aids drugs

South Africa's biggest company, diversified miner Anglo American, said on Tuesday it planned to start distributing anti-Aids drugs to its HIV-positive staff.

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