Tencent Holdings has lost US$48bn (R566bn) of market value over two days, pummelled by a warning on margin pressure as well as a surprise sale of stock by its biggest shareholder. Asia’s largest company slumped
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MTN has significantly increased the per-minute charges on certain “legacy” prepaid calling plans, though the company said the increases will only affect a subset of prepaid users and are in no way related to the VAT
TechCentral has agreed to publish the following right of reply from communications regulator Icasa to an opinion piece we ran earlier this week penned by former Icasa councillor Willie Currie and freelance writer
New research from GfK shows South African consumers continue to clamour for smartphones, with entry-level model driving demand, but PC sales continue to flounder.
Smartphone unit sales in South Africa climbed by
Uber Technologies has denied a Kenyan newspaper report that it plans to introduce unmanned flying taxis in the East African nation. Business Daily, a Nairobi-based publication, reported Wednesday that the
Cape Town-based machine-learning specialist DataProphet has concluded a multimillion-dollar funding round from venture capital provider Knife Capital.
Knife Capital invests via a consortium of funding
Naspers plans to lessen its exposure to China’s Tencent by reducing its stake from 33.2% to 31.2%, the JSE-listed technology and media group said in a statement to shareholders on Thursday. It will dispose of up to 190m shares
Facebook CEO Mark Zuckerberg outlined some concrete steps the social network will take to protect user data, his first public response to the crisis over Cambridge Analytica’s access to information from the platform. He said
MTN has announced adjustments to its prepaid data bundles as well as pricing in a move it says is “in line with customer needs and market trends”. The new bundles and pricing, effective 5 March 2018, reduce what
Telkom has raised R1bn in its first debt issue of the year as South Africa’s biggest landline provider looks to invest in its network and take on rivals including MTN Group and Vodacom Group. After a five-year hiatus, Telkom started