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.
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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.
Struggling state utility Eskom said on Tuesday that its board of directors would investigate an allegation of racism levelled against CEO André de Ruyter.
Adapt IT, the software services company that’s the subject of a takeover bid by Huge Group, has delivered a solid set of interim results for the six months to end-December 2020.
A day after the high court handed Telkom an interdict, halting Icasa from licensing new broadband spectrum at the end of March, Stella Ndabeni-Abrahams has raised mediation as a possible solution to the impasse.
Telkom and e.tv have secured an interdict against Icasa, preventing the spectrum auction planned for later this month from taking place until the merits of their case can be heard by the high court.
E-commerce was one bright spot in an otherwise mostly grim set of results from Walmart-owned retail group Massmart for the 2020 financial year ended 27 December.
MTN Group said on Monday that it has appointed former McKinsey & Company executive Chika Ekeji to the newly created role of executive: strategy and transformation.