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2014  // Posts published in 2014

SET-TOPBOX CONTROL STAYS, SAYS CWELE

Set-top box control will remain in government’s final policy on digital television migration, according to telecommunications minister Siyabonga Cwele. Government will still require the inclusion of a control system based on encryption in the set-top boxes South Africans will need to watch digital terrestrial television. That’s the word from telecommunications and postal services minister Siyabonga […]

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31 Aug 2014 Media & Broadcasting

NEW FREE-TO-AIR RIVAL FOR SABC, e.tv ON THE CARDS

ICASA is set to crack open South Africa’s free-to-air television industry to more competition. As the country moves to digital broadcasting, the communications regulator is planning to license a third terrestrial player to compete head-on with the SABC and e.tv. If it goes ahead, which seems likely, it will be the first new free-to-air terrestrial […]

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29 Aug 2014 Tsogo Sun Holdings

SABMILLER UNIT COMPLETES TSOGO SUN SALE

BMiller’s wholly owned subsidiary, SABSA Holdings Limited, has now completed the disposal of its entire shareholding in Tsogo Sun Holdings Limited. The disposal was completed through a combination of: · a placing of 293,896,315 ordinary shares at a price of ZAR25.75, which settled on 28 July 2014; · a sale of 7,776,990 ordinary shares at […]

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27 Aug 2014 Transport

MyCiti BUS SERVICE IS CTOWN’S BIGGEST BEE PROJECT – De LILLE

The MyCiTi bus service is Cape Town’s biggest black economic empowerment (BEE) project, mayor Patricia de Lille said on Wednesday. “To date, the MyCiTi project has seen an overall investment of R6.5 billion by the city as part of our commitment to infrastructure-led growth,” she said in a speech prepared for delivery. The city was […]

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26 Aug 2014 Media & Broadcasting

OPENVIEWHD VICTORY AGAINST SABC INTERDICT

The South Gauteng High Court has dismissed an interdict application from the SABC against OpenView HD An application to prevent OpenView HD from broadcasting SABC 1, 2, and 3 was dismissed with costs in the South Gauteng High Court and the written judgement delivered on Monday, 25 August 2014. The South African Broadcasting Corporation (SABC) […]

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22 Aug 2014 Media & Broadcasting

BLOG: THE ILLUSION OF REGULATION

IN SOUTH Africa, there seems to be an assumption that pay-TV broadcasters can expect to attract huge audiences and make hefty profits. This is, of course, an illusion. But both the Independent Communications Authority of South Africa (Icasa) and newly licensed broadcasters have eagerly bought into it. The question is: will both reap bitter fruits […]

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14 Aug 2014 Mining

HCI SLIPS INTO OIL WITH OFFSHORE FIRM

INVESTMENT conglomerate Hosken Consolidated Investments (HCI) has broadened its exposure to the energy sector by snatching a stake in an offshore oil company. Earlier this week HCI, which already holds coal mining and soon to be unbundled natural gas production assets, bought a 13% stake in Impact Oil & Gas (IOG) through a subscription of […]

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14 Aug 2014 Tsogo Sun Holdings

NUM GETS UPSET AFTER TSOGO SUN HAND OVER R200M LOAN TO DIRECTORS

The National Union of Mineworkers (NUM) said it was unhappy after the gambling and hotel company, Tsogo Sun, which decided to give R200 million unsecured loan to five of its executives on an interest-free basis. The Union called on its peer unions the South African Commercial, Catering and Allied Workers Union and the Food and […]

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6 Aug 2014 Tsogo Sun Holdings

SABMiller TO FINALLY DIVEST TSOGO SUN

But did the brewing giant sell out too cheaply? SABMiller’s disposal of its shareholding in Tsogo Sun is now a done deal, with Tsogo shareholders giving it the green light at a General Meeting on August 5. In a simple outline of the transaction, SABMiller is offloading its 40 % (435 million shares) interest in […]

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28 Jul 2014 KWV Holdings

SOUTH AFRICAN BRANDY NAMED WORLD’S BEST

KWV’s 12 year Barrel Select Brandy was named Worldwide Best Brandy, winning the 2014 Worldwide Brandy Trophy Award at the prestigious International Wine & Spirit Competition awards ceremony in London on Monday. This is the seventh time that the South African wine and spirits maker has won the award, and follows its triumph at the […]

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