MTN Group said on Tuesday that it has secured regulatory approval for a public offer of ordinary shares in its Nigerian subsidiary.
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The rand hit a new 12-month low in early trade on Tuesday, as the dollar jumped on bets for quicker interest rate increases in the US.
Blue Label Telecoms said it is still locked in talks over a planned recapitalisation of the debt-laden mobile operator.
South African coronavirus cases are beginning to climb as scientists warn of an impending fourth wave of the disease.
MTN South Africa said on Monday that users of its MoMo mobile money platform can now “cash out”, or withdraw funds, at Nedbank-owned ATMs.
Naspers first-half profit climbed 11%, driven by a large contribution from Chinese Internet giant Tencent.
South Africa’s largest e-retailer, the Takealot Group, grew revenues by 36% year on year in the six months to 30 September 2021.
Energy regulator Nersa has presented four new options to Eskom for determining the tariffs it will be allowed to charge from 1 April next year.
Energy Minister Gwede Mantashe has accused Eskom of delaying emergency power projects, according to a report.
The regulator is suspending expedited plans, at least temporarily, for licensing a wholesale open-access network.