Investment IN BRIEF
- It remains to be seen whether the South African public broadcaster SABC, which faces a deficit of R800m, will be able to honour its commitment expressed recently not to cut jobs. The SABC may have to be bailed out by government for that not to happen.
- Atec Systems and Technologies, a national IT and telecommunications service and infrastructure provider for the local property industry, has appointed Neotel as a telecoms provider to Kindlewood Estate. The fibre optic network has been up-and-running since January 2009. Neotel provided the estate with 600 phone numbers as well as an easily upgradable 1Mbps passive fibre network to 32 Atec switching kiosks on the estate. Atec will connect residences to these kiosks via copper. Triple play service was mentioned as a possible extension to the voice and Internet service.