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Econet buys Neotel for R6.5 billion

By Bekithemba Ndebele Another telecomunication deal have been signed between the Tata Communications and the Liquid Telecom which its majority shares are owned by Econet Wireless Global. The Liquid Telecom agreement has been silled that the entity will buy Neotel for a payment of R6.55 billion to Tata Communications for South African Internet-service provider. Neotel is expected to create…

MTN appoints new president and CEO

By Bekithemba Ndebele One of South African leading network service provide MTN has recent announced the appointment of a new CEO. The network has been facing challenges with its outlet in Nigeria. MTN was fined by the Nigerian government, 5.2 billion dollars for its failure to shut down unregestered sim cards when ordered to do…

Microsoft to buy LinkedIn for $26.2 Billion

  By Bekithemba Ndebele Microsoft acquired the professional social networking site LinkedIn in one of its biggest acquisation deal in history. Microsoft is expected to close the final stages of the deal at a buying price of $26, 2 billion for the professional social network LinkedIn. The deal is for $196 per LinkedIn share, a…

Concourt ruled that the elections should proceed

By Bekithemba Ndebele Chief Justice of the Constitutional Court (Concourt); Mogoeng Mogoeng handed down the judgement on Tuesday 14 June 2016 that the local government elections scheduled for August 3 will proceed as planned. Handing down the judgment, Chief Justice, Mogoeng Mogoeng said the Electoral Commission of South Africa (IEC) has acted unlawfully by allowing…

NUMSA to fight the levy agreements of non-party members to the bitter end

numsa-proven-right-envisage-voilent-clashes-workers-employers

By Tebogo Mhlanga The National Union Metalworkers South Africa (NUMSA) had gone on a dispute with the Metal and Engineering Industries over the extension of levy agreements on non-party members. The National Employer’s Association of South Africa (NEASA) and the South African Engineers and Founders Association (SEIFSA) had refused to agree to the extension of…

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