Author: Duncan McLeod

The JSE has suspended Labat Africa’s shares after it failed to pay its maiden dividend on time.

The clue to what comes next is a small aluminium box Apple announced this week with no keynote at all.

Co-CEO Brett Levy named the single point of exposure when asked about MTN’s push for direct relationships with the banks.

Sites, grid connections and power-purchase agreements are in place for 180MW, but nothing is generating yet.

R46.2-billion of prepaid electricity moved through the group in the year to May, up 4%. The commission it earned fell 13%.

The last big launch of Tim Cook’s tenure comes as memory costs push prices up and always-on agents drive demand.

MTN alone has been pushing 90 million Sim cards a year, and says the base is riddled with bad registrations.

New shareholders have taken up shares in Frogfoot, Vox and Hypa in a transaction valuing the businesses at R14.4-billion.

Households will not be able to choose who sells them electricity when South Africa’s competitive electricity market opens.

MTN’s network spending in South Africa fell 17.1% while Nigeria received nearly three times as much in capital investments.