Author: Duncan McLeod

Leading MTN Group has come at an “enormous sacrifice”, outgoing CEO Rob Shuter said on Wednesday at a media conference following the presentation of the telecommunications operator’s 2019 financial results.

MTN Group CEO Rob Shuter will step down from his role at the end of his fixed four-year contract in March 2021, he announced in a conference call on Wednesday morning.

Exclusive | Dimension Data is pulling the plug on two of its biggest brands, Internet Solutions and Britehouse, in a major restructuring exercise aimed at putting the IT services group back on a solid growth footing.

Vodacom has agreed to cut headline data prices and will expand its zero-rating of certain websites in an agreement with the Competition Commission.

Vodacom and the Competition Commission have reached a settlement agreement over data prices. The commission is holding a press conference in Pretoria to provide details of the deal.

MTN Group shares fell more than 12% on Monday morning in Johannesburg, to their lowest levels in nearly 14 years, as investors digested the news of a shock fall in oil prices overnight.

Vodacom and the Competition Commission have reached a settlement agreement over data prices following the regulator’s publication in December of surprisingly broad-ranging, tough and radical interventions in the data services market.

The banking group spent R7.5-billion on IT licences, maintenance and related costs in the 2019 financial year, up 17%, due to the weaker rand and costs associated with its move to the cloud.

The novel coronavirus has hit South African shores. The ministry of health said in a statement on Thursday that a suspected case of Covid-19, as the virus is called, has tested positive.

Data centre operator Teraco’s Internet exchange point NAPAfrica has topped 1Tbit/s, or a million megabits per second, of peak traffic for the first time.