Vodacom will acquire a 51% stake in South African Internet of things specialist IoT.nxt, the telecommunications group said on Monday.
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Despite continued rapid growth in demand for data by customers, Vodacom South Africa eked out a meagre 3.9% increase in data revenue in the 2019 financial year as price cuts and lower out-of-bundle tariffs impacted the top line.
JSE-listed telecommunications company Huge Group has acquired a shareholding in Pansmart, an authorised distributor of Panasonic voice, video and CCTV products in South Africa.
President Cyril Ramaphosa has a formidable challenge: picking a cabinet that can dismantle a shadow state of corruption and revive the flagging economy.
Bitcoin surged more than $1 000 this weekend to the highest level since August, as cryptocurrencies extended their rebound from a slump last month.
Between 6 March, the day before MTN announced its results for the year to December, and 9 May, when it published a first-quarter trading update, its share price has increased by 36%.
When e-commerce platform Jumia listed in New York last month, it was heralded as Africa’s first unicorn to go public.
Amazon.com CEO Jeff Bezos has announced he is going to send a spaceship to the moon.
President Cyril Ramaphosa has the full backing of the ANC to reduce the size of the cabinet after the elections, senior official Fikile Mbalula said.
MTN Group had 236.6 million subscribers on its books at the end of its financial first quarter, to 31 March 2019, up from 232.6 million at the end of December.