MTN Group faces a R3.9-billion write-down, cash it cannot move and a stake it cannot sell, just as Washington escalates.
Browsing: News
All the latest technology news from South Africa and around the world.
New shareholders have taken up shares in Frogfoot, Vox and Hypa in a transaction valuing the businesses at R14.4-billion.
Households will not be able to choose who sells them electricity when South Africa’s competitive electricity market opens.
MTN’s network spending in South Africa fell 17.1% while Nigeria received nearly three times as much in capital investments.
MTN South Africa cut airtime credit from 42% of prepaid recharges to about 34% over the past year.
MTN South Africa lost 1.1 million prepaid users between March and June as it purged credit-dependent customers.
Cell C CEO Jorge Mendes has told TechCentral that the big two would cannibalise themselves chasing MVNOs.
Talks with Starlink and Amazon Leo cover resale and a possible direct-to-device play, says Cell C CEO Jorge Mendes.
A R7.15-million CSIR study into “clean coal” is done, but the test plant is unbuilt, underfunded and years from results.
Coverage is live now, Cell C CEO Jorge Mendes has told TechCentral, with commercial propositions to follow.