Altron said on Wednesday that it has reached an agreement to sell its 80% stake in Powertech Transformers, one of its legacy businesses, for R250m. The stake is being acquired by a consortium made
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Bitcoin climbed as much as 10% on Zimbabwe’s Golix exchange on Wednesday after the country’s armed forces seized power. The price of the cryptocurrency in the Southern African nation jumped as high as US$13 499, almost
MTN South Africa is introducing a biometric fingerprint scanning system in an effort to crack down on identity theft in its retail stores. The mobile operator said it has strengthened its security with the
Cell C has launched a range of low-cost prepaid data bundles to allow users to stream content from its new Black video-on-demand streaming platform, at an in-bundle rate of as low as 1c/MB. Contract subscribers on Cell C’s Pinnacle
Revenue from data at Vodacom South Africa, the telecommunications group’s biggest market, has topped voice revenue for the first time, interim results for the six months ended 30 September 2017 show. Data revenue in South Africa
Vodacom Group shares fell the most in more than a month after Africa’s biggest wireless operator by market value reduced its first-half dividend amid weaker economic conditions in some of its key markets. The stock slumped as
Telkom executives have met with government officials to discuss plans to sell a 39% state-owned stake and were told that potential buyers have been identified. “They have communicated that they have
The number of fixed-line broadband subscribers on Telkom’s infrastructure has dipped back below a million, falling 1.9% year on year to end-September 2017, as competitive pressure in the
Johannesburg- and New York-listed Net1 UEPS Technologies, the company that owns Cash Paymaster Services, the business that pays social grants on behalf of the South African government
MultiChoice has denied it signed a revision to an agreement with formerly Gupta-owned 24-hour news channel ANN7, in terms of which it would pay the channel R150m/year. But the news that it has been paying the channel at