Author: Staff Reporter

Huge Group has secured new debt financing from Rand Merchant Bank, in the process refinancing existing debt and giving the firm additional ammunition for acquisitions.

JSE-listed Huge Group, which has been quiet since abandoning its pursuit of now-delisted Adapt IT, said on Monday that it has acquired a stake in Glovent Solutions.

MTN has appointed Tumi Chamayou as the executive of its group enterprise business unit (EBU) with effect from 1 June.

The long-delayed recapitalisation of debt-laden mobile operator Cell C is inching forward, with secured lenders set to vote on a “compromise offer” next month.

WhatsApp plans to drop support for some older Apple iPhone devices, WABetaInfo reported at the weekend.

Eskom will cut the power, at stage 2, from 8am to 10pm on Saturday and Sunday as it rations diesel.

Meta Platforms’ WhatsApp is planning to introduce a Premium subscription tier for businesses, according to a report.

Damage to a fibre cable knocked out big chunks of Telkom’s network on Tuesday, with the company appealing to affected customers for patience.

Eskom lost another generating unit at the Kusile power station on Monday afternoon, forcing the state-owned utility to escalate load shedding to stage 4.

Altron has reported a 37.8% increase in headline earnings per share from continuing operations on the back of a 5.7% improvement in full-year revenue.