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Telkom has reported a decline in full-year revenue of 1.1%, to R42.8-billion. It has blamed tough competition and the weak state of the economy.

Telkom lowered its revenue and profit guidance for the medium term due to a slowdown in growth in its mobile business and a decline in its legacy unit.

The number of fixed lines in service has plunged below a million for the first time as Telkom continues to decommission its legacy copper network.

The data centre business in Wiocc Group plans to establish 100 “edge” data centres in smaller centres across South Africa by year-end.

South Africa’s record electricity cuts last year could rise 10-fold by 2026 unless the country rapidly adds generation capacity, Meridian Economics said.

African Rainbow Energy and Power is looking to boost renewable power generation to become one of the biggest clean energy providers in South Africa and Africa.

The rand fell on Monday, ahead of the US Federal Reserve and the Bank of England’s interest rate decisions.

The Office of the Chief Justice is investigating a R225-million tender that was allegedly riddled with irregularities.

Multichoice Group is looking to spend half its content investment on African shows with local actors and producers within the next two years.

MultiChoice Group will be ready to showcase the 2022 Fifa World Cup in 4K ultra-high-definition resolution, its CEO, Calvo Mawela, said.