Author: Duncan McLeod

In some rare good news for MTN Group, Nigeria’s attorney-general has withdrawn a $2-billion (R28.5-billion) tax demand against its subsidiary in the West African nation.

Telkom fell through R30/share on Thursday as the six-month-long slide in its share price – which has now wiped out more than 70% of its market value – continues.

The skills crisis in the cybersecurity field in South Africa is so severe that the major banks have reached a “gentleman’s agreement” not to poach each other’s staff for fear of exacerbating the situation.

Many South Africans still haven’t returned to work from the holiday season, yet Eskom has already plunged the country back into darkness, casting chances of a recovery in the economy in 2020 into serious doubt.

MTN Group said on Thursday that it is selling its 49% stake in the Ghana and Uganda Tower Company to a subsidiary of American Tower Corporation for about R7.3-billion.

MTN Group said on Monday that it is facing a lawsuit over alleged contravention of the US Anti-Terrorism Act in Afghanistan where it is accused of paying protection money to the Taliban.

After a dramatic year for technology group 4Sight Holdings, which ended in a boardroom coup, the JSE has lifted the suspension of trading in its shares.

Stella Ndabeni-Abrahams has withdrawn the appointment of Newyear Ntuli as administrator of Usaasa, the government agency responsible for bridging the digital divide in South Africa, just seven days after she announced it.

Exclusive | Vodacom and Liquid Telecom have signed an agreement which will, in effect, give the country’s biggest mobile operator access to a key spectrum band, allowing it to deploy 5G services nationally.

The State IT Agency and Usaasa are to be run by administrators while they are restructured and their mandates reconfigured.