Cell C is showing signs of having turned the corner, at least when it comes to its income statement – the company’s balance sheet still needs fixing through a planned recapitalisation.
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All the latest technology news from South Africa and around the world.
Twitter will launch new features and products faster to refresh its business after years of stagnation, the company said on Thursday, aiming to double its annual revenue in 2023.
Liquid Telecom, majority owned by African telecommunications tycoon Strive Masiyiwa, raised $840-million in a bond sale to refinance debt and expand further into Africa.
The South African Revenue Service has been given a huge injection of R3-billion to improve its technology infrastructure and artificial intelligence capabilities.
African e-commerce pioneer Jumia said on Wednesday its cost cuts helped it reduce fourth quarter losses by 47% from a year ago, even as revenues continue to slide, showing that its path to profitability was on course.
Woolworths delivered a more than 58% improvement in headline earnings per share in the 26 weeks ended 27 December 2020, with the retail group benefiting, in part, from a big focus on e-commerce.
Convergence Partners, the investment vehicle created by businessman Andile Ngcaba, has acquired Ctrack’s operations in Africa and the Middle East from Nasdaq-listed Inseego.
Revego Africa Energy Fund, an investor in South African renewable projects, is looking to raise as much as R1.5-billion by April with the industry poised to grow.
Eskom is expected to complete its unbundling into three divisions by December 2022, according to national treasury.
South Africa signalled a shift in budgetary policy, backtracking on planned tax increases as it switched focus to reigniting the coronavirus-battered economy by bolstering consumption and investment.