First National Bank provided more insight on Wednesday into why it has given notice to cryptocurrency trading platforms in South Africa that it will shut their bank accounts.
Author: Duncan McLeod
Podcast | Following the explosive reports in 2017 that SAP Africa paid “kickbacks” to Gupta-owned companies to secure contracts at state-owned enterprises, MD Cathy Smith has said the organisation is on the mend.
Communications regulator Icasa said on Tuesday that it will probe the just-signed expanded roaming agreement between MTN South Africa and Cell C.
Telkom on Tuesday rubbished talk among some JSE traders that it is planning a hostile bid for Cell C.
The share price of Telkom tumbled on Monday morning while Blue Label Telecoms rose after MTN South Africa and Cell C announced they had signed a massively expanded roaming deal.
Telkom said that it expects that the “parties involved” will have considered the newly announced, much-expanded roaming agreement between Cell C and MTN South Africa “in the context of the discussions with Telkom”.
JSE-listed telecommunications specialist Huge Group said on Monday that it has partnered with MTN South Africa to provide additional GSM voice services to its subsidiary companies.
Cell C’s expanded roaming agreement with MTN South Africa, which was signed at the weekend, “adheres to all applicable legal and regulatory requirements”, the companies said.
MTN South Africa and Cell C have signed a comprehensive new roaming deal, potentially making it more complicated for Telkom to pursue an acquisition of Cell C.
Telkom on Friday informed investors that it is pursuing an acquisition of Cell C. So, why didn’t Telkom just say so in the first place? By Duncan McLeod.