Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%.
Author: Duncan McLeod
Duncan McLeod
Duncan McLeod is founder and managing editor of TechCentral. With more than 30 years of experience in technology journalism, he has worked for and contributed to a range of publications, including the Financial Mail, the Sunday Times and the Financial Times.
State-owned logistics giant Transnet has fallen victim to a cyberattack, a report said on Friday. Details are still sketchy, but Transnet said an IT-related problem has affected container operations.
South Africa’s mobile operators, including Vodacom, MTN and Rain, are set to face a big challenge to their business models from an unexpected quarter: fixed-line broadband. By Duncan McLeod.
Naspers-controlled consumer Internet investment group Prosus is leading an R18.2-billion funding round in Indian food-delivery giant Swiggy. Japan’s SoftBank Group is a co-investor in the round.
CIVH, the Remgro-controlled company that owns Dark Fibre Africa and Vumatel, is now worth more than Telkom, the company that once enjoyed an absolute monopoly over telecommunications in South Africa.
Remgro said on Monday that it is participating in a the second tranche of a rights offer by CIVH, the parent of fibre telecommunications companies Vumatel and Dark Fibre Africa, aimed at reducing debt.
A pandemic-led boom in online shopping in South Africa has seen Woolworths report a 118% increase in online food sales in the 52-week period to 27 June 2021.
The SABC will be able to broadcast the CAF Champions League final on Saturday after politicians intervened and asked MultiChoice Group to sub-license the rights to the public broadcaster.
Huge Group has been ordered to retract another video about its all-share offer to buy software services group Adapt IT, forcing it into an embarrassing climbdown as it works to secure the support of Adapt IT shareholders.
Massmart, the South African retail group owned by US giant Walmart, said 41 of its stores, which include Builders, Makro and Game outlets, were looted and trashed in this week’s violent carnage.