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30 July 2010
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New wavelength
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Larry Claasen
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Stephen Mncube, the new chairman of the Independent Communications Authority of SA (Icasa), will certainly have his hands full leading the telecom and broadcasting regulator. It has come in for a great deal of flak from government and the parliamentary broadcasting committee for not getting the big telecom operators to bring down prices. Former academic Mncube, who is 70, will also have to tackle Icasa’s unwieldy structure.
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Financial Mail
Friday, July 09, 2010
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Gauteng broadband project ‘faces axe’
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Sibongakonke Shoba
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The long-awaited multibillion-rand Gauteng Link broadband project could be shelved, a senior government official has told Business Day. Putting the project on ice would mean Gauteng residents would have to wait longer for access to faster and cheaper broadband. According to reports, about R40m has already been spent on prefeasibility studies. The Gauteng executive council approved the project strategy in 2006 with the aim of integrating existing networks to create faster and cheaper access to broadband
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Business Day
Tuesday, July 06, 2010
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TeleMasters halves its quarterly dividend
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Thabiso Mochiko
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Uncertainty around the regulation of interconnection fees has forced TeleMasters — the first AltX-listed firm to declare quarterly dividends, in August 2008 — to halve its quarterly dividend payout to 2c per share. “Due to the flux in the market and the cessation of commission incentive bonuses, the board of directors deem it prudent to decrease the dividend per share by 2c per share compared to the previous quarter to see the company through its transition to a full telecommunications provider,” CEO Mario Pretorius said on Friday.
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Business Day
Monday, July 05, 2010
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Icasa in bid to balance fair prices and profit
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Thabiso Mochiko
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The telecommunications industry is anxiously waiting for the Independent Communications Authority of SA (Icasa) to announce its final decision on the interconnection rate cut after a marathon three-day public hearing last week. The regulator issued a statement on Friday but did not commit to any time frames regarding the release of the final call termination regulations. The regulations mainly seek to reduce the wholesale price or interconnection rate —
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Business Day
Monday, July 05, 2010
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Faith in Africa
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Stafford Thomas
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Robert Venter, CEO of Altron, has good news for shareholders. Better times are ahead for the company, whose headline profit fell 40% to R625m and whose dividend dropped 47% over the past three years. The biggest company in the Venter family’s electronics and electrical empire, Altron has been battered from all sides. The strong rand alone wiped R100m off its bottom line in the year to February 2010, says Venter. At work, too, was a slump in building and construction activity, which sent demand for power cables diving 65% from early-2008 levels
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Financial Mail
Friday, July 02, 2010
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Placed on hold
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Larry Claasen
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“You can take Telkom out of the Post Office but you can’t take the Post Office out of Telkom.” So goes an old joke in the telecommunications sector that pokes fun at the alleged conservative and bureaucratic mind-set at the operator. Small telecom companies say they have to box clever to get a piece of the action, but that all Telkom has to do is use its near-monopoly power, stemming from its days when it was part of the post & telecommunications department, to get its way.
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Financial Mail
Friday, June 25, 2010
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Where to, Telkom?
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Duncan McLeod
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Pity whoever is appointed to replace Reuben September as the next CEO of Telkom. The new head will be inheriting a difficult business facing its biggest-ever competitive and regulatory threats. Telkom isn’t the same company it was in the late 1990s, when, led by a foreign management team, it was able to hike prices out of all proportion, milking SA consumers for all they were worth, all the while abusing its monopoly and chasing off the slightest hint of competition. Today, Telkom is threatened. Vodacom and MTN are demanding a piece of the action
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Financial Mail
Friday, June 25, 2010
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FNB sees value of banking by cellphone
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Sure Kamhunga
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Firstrand expects banking subsidiary FNB to aggressively grow its cellphone banking business in Africa and steal a march on competitors as it develops a cost-effective delivery channel to reach mainstream customers. Cellphone banking is being touted by analysts as the next battlefront for banks competing to grow customers in Africa, where millions remain unbanked mainly due to lack of banking infrastructure.
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Business Day
Thursday, June 24, 2010
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Black Economic Empowerment (“BEE”) was meant to have found itself on more certain ground with the gazetting of the Codes of Good Practice in 2007. After all the years of anticipating an end to the moving targets and constantly shifting playing fields, the South African business community had cause to celebrate the birth of a decade of BEE certainty as the Codes superseded the plethora of sector charters and corporate self regulation.
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