Shoks Mzolo
Guest Author
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/ 8 March 2005

Truckers to hit the road on Wednesday

South African Transport Workers’ Union spokesperson Abner Ramakgolo announced on Tuesday that following an agreement reached with employers, truck drivers have ended their strike and will resume work on Wednesday. The strike action that started on February 26 saw more than 30 000 truck drivers striking as a result of a snag in wage negotiations.

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/ 4 March 2005

Celtel CEO mum on prospects

Marten Pieters, CEO of Africa’s third-largest mobile group, Celtel International, on Friday declined to comment on the company’s growth prospects but said the company’s initial public offering remains on track. Pieters said Celtel is not in a position to say what its prospects and expansion plans are, as this will violate pre-listing rules.

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/ 24 February 2005

Telkom announces ADSL price reductions

Telkom announced on Thursday that it is to reduce its ADSL prices from March 1 as part of its new broadband initiative unveiled by CEO Sizwe Nxasana. This includes the launch of HomeDSL 192 for residential customers and the commercial roll-out of the Telkom T-Zone in partnership with Wireless G.

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/ 8 February 2005

Primedia share price climbs 7,27%

The share price of media and entertainment group Primedia surged by 7,27% on Tuesday following its trading update in which the company said it expects interim headline earnings per share and earnings per share to be between 30% and 50% higher than the previous comparable period.

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/ 25 January 2005

Jo’burg DVD pirate gets a heavy fine

A Roodepoort man, Marcus Mocke, has been sentenced in the Johannesburg Commercial Crimes Court to eight years in jail or a fine of R400 000 for dealing in pirated DVDs, the South African Federation against Copyright (Safact) said in a statement on Tuesday. Safact said it is the harshest sentence to date received for DVD piracy.