South Africans are increasingly choosing streaming over satellite TV, Ellies Holdings said on Friday, blaming this in large part for the group swinging to a full-year loss.
Browsing: News
All the latest technology news from South Africa and around the world.
RT, the Kremlin-backed television network, is setting up its first Africa bureau as President Vladimir Putin seeks to entrench support on the continent.
The online classifieds website has been acquired by Impresa Capital, the majority shareholder in the Durban-based Ignition Group.
The idea of a pan-African telecoms champion that has a large shareholding by the South African government looks likely to grease the political wheels of MTN’s audacious bid to buy Telkom.
Vodacom Group reported a 5.2% year-on-year improvement in quarterly revenue on the back of a “resilient” performance in its home market.
Eskom could run coal-fired stations for years longer than originally planned to allow more renewable power to be built.
Vodacom Group will retain full ownership of a new subsidiary that will take over its South African tower business, it said on Thursday.
A closer look at the streaming giant’s latest financial results indicates it still faces significant hurdles.
Patrice Motsepe’s challenger digital bank, TymeBank, has appointed three senior executives, including a chief technology officer.
Eskom faces increased financial pressure from lower than anticipated tariffs, rising diesel costs and the impact of labour disruptions, S&P Global said.