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The South African Reserve Bank raised its main lending rate by 25 basis points to 3.75% on Thursday, citing increased inflation risks.

MTN Group has exited its investment in Yemen. Its departure from the troubled country is line with its strategy to leave the Middle East and focus on its investments in Africa.

The energy department has cautioned that a retreat from coal must take account of the impact on the economy and the people who depend on it for a living.

Following a “lengthy competitive process”, MTN Group will sell a big chunk of its South African tower portfolio to IHS Towers in a R6.4-billion deal.

Shoprite Group, South Africa’s largest retailer, has quietly launched a basic transactional bank account linked to its Xtra Savings rewards cards.

South African fintech Ozow has raised $48-million in a series-B funding round led by China’s Tencent Holdings.

Openserve, the wholesale division of Telkom, has announced that it will serve as the landing station partner for Google’s massive Equiano submarine cable system in South Africa.

JSE-listed Woolworths Holdings said almost 15% of its turnover came from online channels in its most recent reporting period.

South Africa will likely be hit by a fourth wave of infections but its impact probably won’t be as severe as during earlier surges, new modelling shows.

Due to plant breakdowns at three power stations, Eskom will implement stage-2 load shedding for the rest of the week.