Author: Staff Reporter

Trade union Solidarity on Friday said a further 300 jobs are on the line at Telkom as the company continues with a cost-cutting programme that involves reducing the size of the organisation’s employee base. The union said in a statement

Naspers has announced it is investing a further US$250m (about R3,9bn) in Indian online travel venture ibibo Group. The investment will be focused on extending ibibo’s leadership position in the Indian hotels category and on additional

MTN’s share price leapt higher in intraday trading on Wednesday after announcing it had made a 50bn naira (US$250m; R3,8bn) payment to Nigerian authorities and withdrawn legal action in the federal high court in Nigeria. MTN’s shares jump to a

Democratic Alliance MP Marian Shinn, who is also the party’s spokeswoman on telecommunications & postal services, has labelled the budget allocated to South Africa’s broadband roll-out plan, dubbed SA Connect, as “grossly inadequate”. “R1,6 billion over

Less than a month after announcing that former MTN South Africa CEO Zunaid Bulbulia would join its board of directors in a nonexecutive capacity, Huge Group has said that well-known investment

Blue Label Telecoms, the JSE-listed company in talks to buy a 35% stake in mobile operator Cell C for R4bn, has turned in a strong set of results for the six months to 30 November 2015. Headline earnings rose by 25% to R355m on the back of a

Hot on the heels of its announcement that, with MTN, it will invest US$40m (about R650m) in African-focused online travel agency Travelstart, UK technology investor Amadeus Capital Partners has revealed another investment, this time in

Technology group EOH was trading higher shortly after the market opened in Johannesburg on Tuesday after notifying investors that both earnings per share and headline earnings per share will rise by between 20% and 30% for the six months

Instead of announcing tax hikes in his budget speech on Wednesday, finance minister Pravin Gordhan should seek to raise revenue through asset sales, including the sale of “non-strategic liquid assets” such as Telkom, the Democratic Alliance has said

MTN’s share price fell by more than 20% at one stage in trading on the JSE on Friday after warning on Thursday after markets closed that its headline earnings per share would fall by more than 20% for