Telkom is again about to go through a painful retrenchments programme as it fights to contain costs in a tough macroeconomic environment.
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.
Telkom plans to raise R1-billion by the end of its financial year through the sale to external financial institutions of “qualifying receivables” related to upfront device sales.
MultiChoice Group plans to offer the Rugby World Cup to subscribers in up to 4K resolution following its successful broadcast and streaming of the soccer World Cup in 4K.
MultiChoice Group will again hike prices at below the rate of consumer inflation for its satellite subscription services this year, while keeping the price of its streaming packages unchanged.
Groupe Canal+ has again increased its stake in MultiChoice, acquiring more than 30% of its, according to a regulatory filing.
Energy minister Gwede Mantashe might think South Africa’s load shedding crisis can be solved within 12 months. Pick n Pay is betting big money that he’s wrong.
Ellies Holdings has agreed to buy 100% of Bundu Power, a company that specialises in alternative power solutions, for a maximum R202.6-million.
Lulalend has secured R600-million in new funding through a series-B round it has described as “transformational” to its business.
Vodacom Group delivered a 4.7% increase in normalised revenue, to R30.7-billion, in the quarter ended 31 December 2022.
Convergence Partners, the technology-focused private equity firm chaired by Andile Ngcaba, has closed a new digital infrastructure fund at $296-million.