MTN Group shares soared by 18.1% on Thursday after Africa’s biggest wireless carrier started a R15-billion disposal plan to shore up the balance sheet.
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Uber rival Taxify is changing its name to Bolt, the Internet ride-hailing company said on Thursday.
MTN Group announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least R15-billion from asset sales and strengthen the balance sheet.
MTN South Africa improved service revenue by 4.2% in the 2018 financial year while at the same time growing operating margins, parent MTN Group said on Thursday.
Hello Group, working with Sasfin, has launched a bid to bank the unbanked in South Africa with a new fintech offering that builds on its successes in the telecommunications and mobile financial remittance markets.
Microsoft has officially launched two Azure cloud data centres in South Africa, one in Cape Town and the other in Johannesburg, after the software giant missed an earlier deadline of December 2018 to take the facilities live.
Samsung Electronics is working on a pair of new foldable smartphones to follow its Galaxy Fold, seeking to seize an early lead in new market segment.
South African business confidence fell to a five-month low in February. The index dropped to 93.4 in February to from 95.1 in the previous month.
MTN Group is considering the sale of its stake in Botswana’s largest wireless carrier, according to people familiar with the matter, in a deal that could raise R2.5-billion.
FNB and RMB Private Bank customers who own a compatible Samsung smart device now have the option to use Samsung Pay to make secure contactless payments.