elkom, taking the next step in a four-year turnaround under CEO Sipho Maseko, will overhaul its structure to spur profit and may consider offering stock in some of its units in the future. A new holding company format
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[dropcap]T[/dropcap]urkcell’s claim for US$4,2bn of damages against MTN Group will go to trial in the high court in Johannesburg, five years after the case was first brought in relation to the awarding of an Iranian licence in 2005. Turkcell alleges
Uber has introduced a new insurance plan for South African users of the ride-hailing service. The new insurance policy designed to cover riders’ injuries or death while on a trip with Uber and will be provided by global insurance
First National Bank will increase the price of its Easy Bundle and Gold Unlimited accounts in July for the first time in five and three years respectively. The price of its Premier Bundle (cheque and credit card) remains
Iflix plans to launch in several African markets in the in the coming months as it gears up to expand its subscription video-on-demand service to users on the continent. The company said on Thursday that
Net1 UEPS Technologies has decided not to subscribe for shares in Blue Label Telecoms as part of a recapitalisation plan for Cell C, but will still pursue a planned direct acquisition of 15% of the mobile operator’s equity for R2bn
The Eskom board must rescind the reappointment of Brian Molefe as CEO of the state-owned electricity utility, public enterprises minister Lynne Brown said in Cape Town on Wednesday. The order by the minister comes days after
The Western Cape is South Africa’s most connected province, according to new data released on Wednesday by Statistics South Africa. According to StatsSA’s latest General Household Survey, which was
Weighing just 2,5kg, South Africa’s first privately owned nanosatellite, nSight1, has been successfully launched into orbit from the International Space Station. Deployed on 24 May, nSight1 will orbit Earth and capture
Drastic reductions in the cost of solar photovoltaic (PV) panels in recent years, along with uncertainty regarding Eskom pricing and continuity of supply, have fuelled huge growth in the installation of rooftop solar in South Africa