Schneider Electric appoints VP of secure power division

Schneider Electric appoints VP of secure power division

Steven Santini, Vice President: Secure Power, Sub-Saharan Africa of Schneider Electric. Schneider Electric has appointed Steven Santini as VP of secure power for sub-Saharan Africa. The division is responsible for operational technologies used to safeguard data centres, distributed IT and other systems. According to Schneider, Santini will focus on expanding the company’s secure power ecosystem…

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ICASA council looks to fill four vacancies

ICASA council looks to fill four vacancies

Four vacancies need to be filled on the ICASA council. Parliament has issued a call for nominations to fill four vacancies on the council of the Independent Communications Authority of South Africa (ICASA). In a statement, the Portfolio Committee on Communications and Digital Technologies says it seeks suitably qualified and experienced South African citizens with…

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Canal+ brands Showmax an ‘expensive failure’

Canal+ brands Showmax an ‘expensive failure’

The decision by MultiChoice Group parent company Canal+ to pull the plug on failed streaming service Showmax is expected to help boost cost savings to €250-million in 2026, up from the €150-million Canal+ had guided in January. This is according to Canal+’s results for the year ended 31 December 2025, released on Wednesday. In the…

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Fintech industry association adds more members

Fintech industry association adds more members

The founding members of the Association of South African Payment Providers. The Association of South African Payment Providers (ASAPP) has expanded its membership from eight to 15 companies. Launched by SA’s fintech industry players, ASAPP aims to help ensure fair access to payment infrastructure, reduce the wholesale cost of digital payments, and enhance transparency and…

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Canal+ shares crash on weak MultiChoice outlook

Canal+ shares crash on weak MultiChoice outlook

Sarah Meyssonnier/Reuters French media group Canal+’s warning on Wednesday that subsidiary MultiChoice Group had lost subscribers and would see further revenue erosion, resulted in its shares cratering 23.5% in their worst one-day performance since listing in London 15 months ago. Canal+ acquired MultiChoice in 2025 in a move designed to further its ambition to become…

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