MK chief whip Colleen Makhubele The EFF and Jacob Zuma’s MK Party have both launched blistering attacks on communications minister Solly Malatsi’s policy directive on black economic empowerment and regulatory alignment in the ICT sector. MK, for its part, accused the minister — a senior member of the DA — of “illegal”, “clandestine” and “arrogant”…
President Cyril Ramaphosa Presidential spokesman Vincent Magwenya has contradicted an ANC statement that communications minister Solly Malatsi acted unlawfully when he issued a policy directive last Friday on black economic empowerment in the ICT sector. Briefing journalists on Monday, Magwenya said President Cyril Ramaphosa did not have an issue with the policy directive. The president…
Minister of Communications and Digital Technologies, Solly Malatsi. The Portfolio Committee on Communications and Digital Technologies, the Economic Freedom Fighters (EFF), and the African National Congress (ANC) are calling for the immediate withdrawal of the policy direction issued by minister of Communications and Digital Technologies, Solly Malatsi, on the role of equity equivalent investment programmes…
Communications minister Solly Malatsi. Image: DCDT If you needed a case study in political point-scoring trumping sober analysis, look no further than the ANC’s broadside on Saturday against communications minister Solly Malatsi’s policy directive on equity equivalent investment programmes (EEIPs). The party’s statement – framed as a defence of transformation and parliamentary authority – comes…
Communications minister Solly Malatsi The ANC has delivered a withering rebuke of communications minister Solly Malatsi’s final policy directive on black economic empowerment and regulatory alignment, arguing that it goes beyond the minister’s legal authority and threatens transformation, national security and regulatory independence. In a statement on Saturday, the party condemned Malatsi’s policy directive to…
Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has put his stamp on one of the most contentious issues in South Africa’s ICT sector: how black economic empowerment is applied to companies, like Elon Musk’s Starlink, that cannot, or will not, dilute ownership in their local operations. In a final policy directive published on Friday…
Cell C CEO Jorge Mendes. (Photograph by Nicola Mawson) Blu Label Unlimited, formerly Blue Label, has officially confirmed to shareholders that Cell C will be listing as a separate entity on the JSE, simultaneously creating an empowerment vehicle worth R2.4 billion. Cell C is expected to list towards the end of the year, ITWeb sources…
The slow pace of meaningful transformation in the ICT industry has been exposed. The B-BBEE ICT Sector Council says it received only three equity equivalent investment programme (EEIP) applications over the past 12 months. In addition, the council says it encounters pushback when trying to verify the investment commitments and deployment of funds by multinational…
Communications minister Solly Malatsi. Image c/o DCDT Communications minister Solly Malatsi told TechCentral in an exclusive interview at the weekend that he is a matter of weeks away from finalising a policy direction on equity equivalent investment programmes (EEIPs) for the ICT sector. Once finalised – and if adopted by communications regulator Icasa – the…
Inside the MultiChoice City building in Randburg, Johannesburg. MultiChoice, which is being bought by Canal+ in a $3 billion deal, has received all the approvals it needs to restructure the company, ensuring the new entity has empowerment shareholders. The purchase amount currently equates to R52.2 billion, based on this morning’s exchange rate of R17.36. In…
