The South African Reserve Bank kept borrowing costs unchanged for a fifth straight meeting even as inflation forecasts worsened. The Monetary Policy Committee unanimously decided to leave the benchmark repurchase rate at
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Widespread penetration of cellular phones with integrated digital radio receivers is crucial if the technology is going to take off in South Africa. That’s the view of Primedia Broadcasting CEO Omar Essack, who was speaking to TechCentral
Naspers-owned Internet video-on-demand service ShowMax should now be much quicker and more responsive in Kenya. This is after the company partnered with Seacom to put caching servers on the ground in the East African nation. The servers are located
It has been nearly two months since MTN Zakhele, the much-lauded black economic empowerment scheme of MTN Group, expired and several shareholders are yet to receive the proceeds from their
A mobile payments proof of concept focused on townships around Durban in KwaZulu-Natal will be expanded to sites around the country, financial technology start-up iKhokha has said. iKhokha, which
It was the battery, after all. In a presentation and news conference on Monday that lasted more than two hours, Samsung Electronics detailed the results of its investigation into Galaxy Note7 smartphones that overheated and burst into flames last
The Gupta family, through its business Oakbay Investments, has blasted finance minister Pravin Gordhan for his court application seeking a declaratory order that he cannot intervene in a decision by South Africa’s big
Bharti Airtel, India’s largest mobile phone operator, is considering mergers or stake sales at some of its Africa operations as it looks to cut debt and make its biggest overseas acquisition profitable. The moves would pare the size of operations
MTN Group may put off plans to list its Nigerian operation until 2018 as Africa’s largest wireless carrier works to resolve a regulatory dispute and awaits an economic recovery in the continent’s most populous country. “It’s a work in
The future of television just got a little clearer. An hour after America’s Comcast said its Esquire cable network will shut down, a sign of flagging interest in traditional pay TV, Netflix reported its biggest quarter ever, beating