MTN Nigeria’s profit margin, measured using Ebitda, fell by two percentage points to 51.3% in the six months to June 2020, partly due to accounting changes and Covid-19.
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The Black IT Forum said it will drag communications regulator Icasa to court if it doesn’t get an immediate move on with commercialising television white-spaces technology.
First National Bank is launching Virtual Card, a digital card solution built into its smartphone app that it believes will make both online and physical payments significantly safer.
EOH Holdings said in an investor update on Wednesday that it turned in a “resilient financial performance” in its third fiscal quarter and that it’s returned to a stable and cash-generative position.
Toyota is set to produce its first “hybrid synergy drive” (petrol-electric) car on the African continent at its plant in Durban, as part of a R2.5-billion investment in a new production line.
The JSE has publicly censured listed technology services group EOH Holdings over past financial reporting errors and imposed a R7.5-million fine – R2.5-million of which is suspended for five years.
The lead independent non-executive director of EOH Holdings has resigned from the board a year after being appointed and five months after taking the lead directorship role.
André de Ruyter, the CEO of South Africa’s debt-stricken state power utility, is navigating a political minefield as he collects overdue debt, reduces electricity theft and bolsters revenue.
Icasa has slammed a report in the consumer media this week that stated it made a mistake when it assigned the “111” service code to government for dealing with Covid-19-related calls from citizens.
The International Monetary Fund approved R71-billion in emergency funding for South Africa, the largest emergency disbursement for any country yet to assist with fighting the coronavirus pandemic.