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Information and Technology Industry News.
Published by: Sam Rabophala
SABC suffers R482m loss, spends R81m on interest, penalties

The losses follow a period of SABC executives warning government and Parliament that the public service broadcaster needed financial assistance if it were to continue operating optimally, according to its annual report.

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Elon Musk unveils plan for SpaceX’s Mars 'Starship' rocket

Elon Musk has given space fans an outline of plans for ''Starship,” the next-generation vehicle his Space Exploration Technologies Corp expects to use to eventually take humans to Mars.

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Cell C seeks more network access from MTN in battle for growth

The mobile operator is in advanced talks with MTN to gain more access to its networks as it strives to overcome mounting losses.

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Apple's Mac Pro tariff relief requests approved despite Trump opposition

Apple gained US approval to avoid tariffs on Chinese imports for the upcoming Mac Pro computer, even though President Donald Trump indicated the company's waiver requests would be rejected.

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Facebook CEO eases tensions but lawmakers press on privacy rules

Facebook Chief Executive Officer Mark Zuckerberg's Washington charm offensive appeared to ease tensions between the social media giant and US lawmakers critical of its business practices.

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Cell C now valued at zero

Cell C's major equity holders Blue Label Telecoms and Net1 have both placed the fair value of the mobile operator at zero.

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Icasa edges towards spectrum allocation

South Africa is finally edging towards the much-awaited allocation of high demand spectrum, with Icasa revealing that it plans to release licencing criteria by year end.

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Legal battle over Tshwane broadband intensifies

Altron is heading to the Supreme Court of Appeal.

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EOH warns of big loss – and that’s before fraud costs

Shares in the JSE-listed ICT group have lost more than 90% of their value since the start of 2017.

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JSE threatens threatens to de-list Blue Label over financial results delay

The JSE has threatened to suspend Blue Label Telecoms shares as the company has failed to release its provisional financial results as required.

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SABC bleeds billions in 'exorbitant' sports broadcast rights - CEO

In the past three years SABC lost as much as R3.8bn on monies paid for sports broadcasting rights. If the SABC continued on this trajectory it would need another R6.8bn, members of Parliament heard.

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EXPLAINER: Why you should care that parts of RICA are unlawful

Legal experts unpack the latest high court ruling which declared parts of RICA unconstitutional.

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Prosus: New Naspers internet company starts with a bang in Amsterdam

Prosus made a strong start to its first trading day in Amsterdam and Johannesburg.

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Naspers sets R1.5 trillion value for its new company, Prosus

Naspers is all set to list internet assets including Tencent Holdings in Amsterdam after valuing the newly created group at about R1.5 trillion.

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MTN fined millions after 200% price hike

In July, it hiked the price by R10 to R30.

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Huawei and Samsung’s new 5G chips designed to threaten Qualcomm

Samsung and Huawei have taken turns announcing new mobile processors at the IFA technology show in Berlin last week, and the big thing the new chips have in common is an integrated 5G modem.

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Huawei accuses US of harassing workers, attacking network

Huawei has lashed out at the US government Tuesday, accusing Washington of orchestrating a campaign to intimidate its employees and launching cyber-attacks to infiltrate its internal network.

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The Naspers dominance of the JSE will reduce this week. This will help ease the pain of SA fund managers

The dominance of Naspers over the South African stock market is about to be reduced - partially at least.

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Samsung is secretly working on a foldable phone that collapses into a square

Samsung is preparing to unveil its second foldable device early next year, a luxury phone that folds down into a compact-sized square.

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Facebook meets with FBI to discuss 2020 election security

Facebook and Google executives have met with US intelligence officials to discuss the technology industry’s security efforts leading up to the 2020 US presidential election.

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