The SABC wants a new tax on households introduced to fund public broadcasting and to do away with the television licence fee, which few South Africans are paying anyway.
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The SABC wants a government proposal that it be required to distribute its television programming exclusively through Sentech scrapped, warning that it’s already being disadvantaged by “monopoly” pricing.
Technology group Mustek has reported a stellar, 166.7% jump in headline earnings per share in the six months ended 31 December 2020 on revenue that rose 23.7% to R3.7-billion.
MTN Nigeria is at an advanced stage in renewing its operating spectrum and licence in Nigeria for another 10 years from September, the local unit of South Africa’s MTN Group said on Sunday.
Jumia Technologies is expanding in online food delivery as the pioneering Africa e-commerce business looks to grow beyond its main market of trading phones and electronics.
Only 5.8% of South Africa’s population is paying about 92% of all personal tax in the country, according to Econometrix chief economist and director Azar Jammine.
Eskom bondholders are watching the latest round of rescue talks from a distance. Yields suggest they’re confident their money is safe, whether or not the discussions result in a sustainable solution for the utility’s debt.
Technology group Alviva Holdings reported a 17% improvement in headline earnings per share in the six months ended 31 December 2020 but warned of further uncertainty ahead.
MTN Group remains committed to negotiating a $65-million sale of its 75% stake in its Syrian unit, despite the business being placed under judicial guardianship last week.
In a surprise development, Takealot.com has announced that its CEO, Kim Reid, is stepping down from the role. He is not leaving Takelot, though – he will become chairman of South Africa’s largest online retailer later this year.