South Africa’s main stock exchange will probably continue haemorrhaging listings, the CEO of A2X said in an interview.
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New shares will be offered in the ratio of 227 rights offer shares for every 100 ordinary shares held, the IT services group said.
Load shedding is proving to be a hugely expensive problem for South Africa’s mobile operators.
Microsoft plans eliminate 10 000 jobs and take a $1.2-billion charge as its cloud computing customers dissect their spending.
The most severe power cuts ever experienced in South Africa are threatening food and water supplies and disrupting the lives of millions of people.
Telkom expects to play host to the launch of the first mobile virtual network operator on its network by year-end.
It’s time to think about the potential for radical change. If this is the endgame for music, it would be a sad state of affairs.
Cell C has appointed Stephen Morony, a former company executive, as the new chief officer of its wholesale business.
JSE-listed IT services group EOH Holdings has outlined a plan to restructure its debt following a planned rights issue.
South Africa has a plan to improve energy provision that will end the need for any power cuts within the next 12-18 months, Enoch Godongwana said.