MTN Group lifted first quarter pretax profit by 21.1% year on year, supported by service revenue growth amid demand for data and financial services.
Author: Nqobile Dludla
MTN Group resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit.
The labour department is negotiating a possible out-of-court settlement with a subsidiary of China’s Huawei Technologies, which it accuses of failing to comply with local hiring quotas.
Massmart on Tuesday warned of a bigger annual loss, due to store damages and lost trading income suffered as a result of the July looting.
Shoprite Holdings said Checkers has entered into a joint venture agreement with its delivery partner, RTT Group, as part of a push to grow its e-commerce business.
Thousands of striking workers at companies under Massmart will return to work after reaching an agreement over disputes.
Thousands of workers, disgruntled over low wages and changes to terms and conditions of employment, went on strike on Friday.
Vodacom Group is targeting a 27% expansion in its financial services customer base to 73 million by March 2024.
Telkom is considering strategic options for its IT business, including a partnership, it said on Tuesday.
The International Finance Corporation has partnered withLiquid Intelligent Technologies to expand data centre capacity and roll out fibre-optic cable in Africa.