Author: Nqobile Dludla

Africa’s biggest telecommunications operator on Monday reported a 72.3% tumble in full-year profit.

It’s the first reporting period from Shoprite to include Sixty60’s new Amazon Prime-style subscription service.

Tower operator IHS and its second largest shareholder, Wendel, have reached an agreement on corporate governance matters.

Jumia will close its food delivery business in all seven African countries in which the unit operates by year-end.

South Africa’s motoring industry will likely produce its first electric car in 2026, the trade minister said on Monday.

Naspers has reported a jump in half-year profit, boosted by its e-commerce businesses and China’s Tencent.

Telkom on Tuesday reported a 46.7% jump in half-year profit, boosted by lower depreciation charges.

Vodacom Group reported a 4.2% decline in half-year earnings, impacted by start-up losses in Ethiopia and higher interest rates.

Mobile operators including Vodacom, MTN and Telkom, are scrambling to ensure their networks stay up and running.

Rain, which provides wireless, data-only services, plans soon to launch a mobile service, one of its shareholders said.