Browsing: News

There might be some Christmas cheer after all for Africrypt investors, who have voted to accept an offer of R77-million from a mystery investor.

After years of wrangling, South Africa appears no closer to finalising a plan to cut Eskom’s R402-billion of debt to more sustainable levels.

Workers will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa.

Vodacom Group will spin off its South African tower portfolio into a separate business and may seek partners for the newly created entity.

Vodacom Group may consider a separate listing of its financial services business in South Africa to unlock value.

Telkom burned through close to R1-billion cash in the most recent six months.

Vodacom Group is targeting a 27% expansion in its financial services customer base to 73 million by March 2024.

ZARP is pegged to the price of the rand and is available on the Ovex cryptocurrency exchange, Curve, and Keep3rV1 Network.

Vodacom’s capital expenditure in South Africa jumped by 11.1% year on year, pushing spending on its network to R5.6-billion from R5-billion a year ago.

Vodacom Group reported a 5.1% fall in half-year earnings on Monday and declared an interim dividend of R4.20/share, up 1.2%.