Wholesale revenue at MTN South Africa declined by 16.4% in the 2020 financial year after the discontinuation of the company’s roaming supply agreement with Telkom.
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Eskom and Sasol, South Africa’s two biggest polluters, must comply with emission limits even if it costs them tens of billions of rand, environment minister Barbara Creecy said.
South African business confidence has slipped in the first quarter of the year despite easing Covid-19 curbs, a survey showed on Wednesday, highlighting the fragility of the economic recovery.
MTN Group has reported a strong set of results for the 2020 financial year, adding 29 million customers, growing adjusted headline earnings per share by 52% and more than doubling operating cash flow.
Just when South Africans were getting used to an uninterrupted supply of power, Eskom is pulling the plug again: Load shedding returns at 5pm on Wednesday.
Grant Bodley, the chief executive of Dimension Data Middle & East Africa, has resigned, TechCentral has learnt. Werner Kapp will replace him in the role on 1 April.
Communications regulator Icasa on Tuesday confirmed that Monday’s court judgment in favour of Telkom means the spectrum auction cannot proceed later this month. The agency is now preparing for a legal battle.
Software services group Adapt IT will return to its strategy of acquisitive growth in its next financial year after it addressed investor concerns about the debt load on its balance sheet.
South Africa’s economy contracted the most in a century in 2020 as restrictions to curb the spread of the coronavirus pandemic ravaged output and disrupted trade.
As major financial hubs like Singapore redraw legislation to lure crypto firms, South Africa’s burgeoning exchanges say they are having to move headquarters abroad due to uncertainty over potential government regulation.