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/ 8 February 2006
Biz Africa 1320, a Middelburg company that provides a number of services and products to the mining industry, has entered into a substantial black economic empowerment (BEE) transaction with a broad-based BEE consortium led by Sakhumnotho Mining, the company said in a statement this week.
Cellphones beeped endlessly as South Africa’s mobile networks entered the New Year a great deal richer with millions of SMSs sent and voice calls made in three days — from December 30 to January 1. Cellular networks Cell C, MTN and Vodacom reported huge increases in their SMS traffic during this period.
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/ 14 November 2005
South Africa’s broadband consumer lobby group MyADSL on Friday said Telkom’s new ADSL pricing structure would result in local subscribers paying 1Â 000% more than other subscribers around the globe for a similar service. The new billing structure, introduced on November 1, is on a per-usage system.
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/ 8 November 2005
A member of the Gauteng legislature, the Freedom Front Plus’s Jaco Mulder, on Tuesday made a second attempt to buy "blacks-only" Eyethu shares from Nedbank. In a statement, Mulder — who is his party’s provincial leader — said he officially handed in his application to his Nedbank branch in Krugersdorp for his Eyethu shares.
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/ 19 September 2005
Telecommunications group Telkom has suspended three executives — Pinky Moholi, Belinda Williams and Oupa Magashula — pending an inquiry, it emerged on Monday. Telkom corporate communications executive Lulu Letlape said the three executives were asked to take a "leave of absence" pending an internal probe.
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/ 6 September 2005
The trade union Solidarity on Tuesday welcomed Telkom’s decision not to bring a R5-million claim against Gregg Stirton’s website <i>Hellkom.co.za</i>. The website claims that Telkom’s bandwidth charges are crippling the South African economy. "I am slightly relieved," Stirton said on Tuesday.
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/ 1 September 2005
Four New National Party MPLs have crossed the floor to the African National Congress, giving the ANC an outright majority in the Western Cape legislature, while former Western Cape police commissioner and member of the Western Cape legislature Lennit Max has crossed the floor to the DA.
The CEO of the state broadcaster, the South African Broadcasting Corporation (SABC), has initiatied "an internal process" to review all facts and events surrounding the August 9 footage and news coverage of the booing incident involving Deputy President Phumzile Mlambo-Ngcuka.
Cape Biotech is investigating a possible bio-prospecting partnership which would enable South Africa, Brazil and India to share each other’s resources in order to capitalise on their rich biodiversity. Bio-prospecting is the search for valuable compounds in nature — plants, animals or micro-organisms — that can assist in the development of new drugs or industrial products.
Standard Bank has signed a multimillion-rand enterprise licensing agreement with Microsoft South Africa for the upgrade of its 42Â 000 desktop PC platforms over the next three-and-a-half years, the bank said in a statement on Wednesday. The agreement is valued at more than R100-million.
Residents of Stilfontein told stories of skidding cars and moving houses after a large earthquake on Wednesday. "It was terrible. I got so scared," said one resident. Meanwhile, an expert said the earthquake, which drove thousands of miners to the surface at Stilfontein, was "a secondary effect" of mining activity.
<img src="http://www.mg.co.za/ContentImages/41909/10-X-Logo.gif" align=left>Nine political parties out of the 21 parties that contested Wednesday’s election at a national level are likely to be represented in Parliament. The African National Congress was on Thursday afternoon heading towards a pivotal 70%, followed by the incumbent official opposition Democratic Alliance at about 15%.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3_fl2.asp?o=40922">Special Report: Elections 2004</a>
The black economic empowerment charter on information communications technology (ICT), which was released in draft form on Tuesday, is not merely being implemented to create a black middle class, said Advocate Dali Mpofu, the chairperson of the ICT charter working group.
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/ 27 January 2004
South Africa’s CPIX inflation (headline inflation excluding mortgage costs) stood at 4% for the year to December, down from 4,1% in November. This is in line with market expectations. CPIX is the inflation measure used by the South African Reserve Bank for purposes of inflation targeting.
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/ 27 November 2003
A new fixed-cost wireless broadband internet service will be launched on January next year. In just six weeks, South African internet users will be able to connect at high speed to the internet without a physical telephone-line connection. Sentech on Thursday announced plans to deploy the new services, starting in Gauteng.
The South African life assurance industry has become the latest victim of a poor global economy and subsequent dire straits for financial markets, but a silver lining is appearing in the form of a slight improvement in the investment markets.