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MTN Group on Thursday reported a headline loss of 77c/share for the year ended 31 December 2016 as a perfect storm, headlined by a multibillion-rand fine in Nigeria, its biggest market, culminated in what it has

Bank of Baroda’s South African unit has started closing accounts of companies controlled by the Gupta family, according to three people familiar with the matter, potentially leaving the friends of President

Fibre-to-the-home broadband provider Vumatel has taken its first tentative steps into the KwaZulu-Natal market, acquiring Durban based fibre company Estate Connexions. Terms of the deal have not been

MTN South Africa CEO Mteto Nyati has said the mobile operator is “comfortable” with its distribution partnership with JSE-listed Blue Label Telecoms, despite the latter’s plan to acquire a 45% stake in mobile

Net1 UEPS Technologies, the company whose subsidiary Cash Paymaster Services manages the payment of welfare to 17m South Africans under a controversial tender, is acquiring a 15% stake in

South Africa’s welfare agency said it withdrew its application to the nation’s highest court to extend a payment distribution contract with Net1 UEPS Technologies the day after it filed it. That’s added to

MTN Group has been having a tough time of it in Nigeria, its most lucrative market. Protesters last week vandalised the company’s headquarters in the capital, Abuja, in retaliation for xenophobic

A study of Kenya’s telecommunications industry proposes breaking up Safaricom, the country’s biggest company, according to brokerage AIB Capital. The report compiled by Analysys Mason

Just days after Telkom announced FreeMe Family, a new set of family- and small business-focused tariff plans, rival Cell C has taken the wraps off three new products also aimed at families. The new plans

Government is facing a legal demand that a planned renewal of a welfare distribution contract with Net1 UEPS Technologies should be supervised by South Africa’s top court after the state failed