MultiChoice South Africa CEO Calvo Mawela is confident the pay-television broadcaster can arrest the decline in the number of lucrative DStv Premium bouquet customers on its books.
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Despite severe criticism from communications minister Nomvula Mokonyane, the SABC intends pushing ahead with a restructuring that is likely to include retrenchments to reduce its cost base.
A day after announcing a plan to unbundle pay-television unit MultiChoice, Naspers’s online classifieds business OLX has made a R1.4-billion investment in specialised car-buying service Webuycars.
MTN Group may list its Ugandan unit following government pressure on Africa’s biggest wireless carrier by subscribers to increase local ownership in the East African country.
Naspers has announced it plans to list its video entertainment business on the JSE while at the same time unbundling the unit to shareholders.
The SABC’s plan to cut costs, including going through a possible retrenchments programme, has hit a political brick wall.
More than half of South Africa’s core coal plants are running low on fuel, with at least four holding less than 10 days of supply, and the country’s power utility plans on trucking and railing emergency stocks as far as 400km.
Econet Wireless Zimbabwe is in talks about restructuring the company, according to two people familiar with the matter. The restructuring may be related to a planned listing of Liquid Telecom.
Machines and automated software will be handling fully half of all workplace tasks within seven years, a new report from the World Economic Forum forecasts.
A proposed South African stimulus package will include a set of economic reforms covering the mining, telecommunications, tourism and transport industries, the presidency said.