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
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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
Net1 UEPS Technologies said it’s agreed to pay its founder and CEO an $8m severance payment and an about 14% premium on his shares after he agreed to step down amid a storm of controversy over a contract it holds in South Africa to distribute billions of
Open-access fibre telecommunications specialist Dark Fibre Africa (DFA) said on Tuesday that it has raised more than R1,2bn in new debt funding, seemingly putting to rest speculation that it is for sale
Nearly 40% of MTN shareholders voted against the advisory endorsement of the group’s remuneration policy at its AGM on Thursday. Only 62,6% of those who voted, did so in favour
The two new data centres that Microsoft plans to build in South Africa will one day provide cloud computing services to the entire African continent. The power they use, however, will be generated and consumed entirely within South Africa’s grid.