Author: Duncan McLeod

Ferdi Moolman, the longstanding CEO of MTN Nigeria, MTN Group’s largest operating subsidiary, will step down from the role at the end of February 2021.

Software services group Adapt IT on Monday published full-year financial results to 30 June 2020 that showed remarkable resilience in the face of the Covid-19 pandemic and lockdown.

Altron shares rallied more than 20% on Thursday after the technology services group reported solid interim results despite the Covid-19 pandemic and said it was proceeding with plans to list its Bytes UK business.

Altron has decided to move ahead with the planned listing of its Bytes UK subsidiary on the London Stock Exchange in an effort to unlock value for shareholders.

EOH Holdings expects to lose less money in the financial year ended 31 July 2020 compared to a year ago as the IT services group makes headway in cleaning up “legacy” issues.

NAPAfrica, the Internet exchange point owned by data centre operator Teraco, has seen a 50% spike in peak traffic volumes in the past five months, driven by the lockdown and work-from-home measures.

The SABC has told parliament that it simply cannot afford to pay Sentech’s “prohibitive” fees for broadcast signal distribution and that these fees must be cut in half with immediate effect.

Cell C has net debt, excluding leases, on its balance sheet (prior to a planned recapitalisation) of almost R10-billion, but it still wants to participate in South Africa’s upcoming spectrum auction.

South African retail giant Pick n Pay said on Tuesday that it is acquiring on-demand online grocery service Bottles.

The SABC has concluded consultations with staff and labour unions under section 189 of the Labour Relations Act and will now implement sweeping job cuts as part of a board-led plan to turn around the struggling public broadcaster.