Cell C has made what it calls a “voluntary offer” to the Competition Commission over data prices, which will see prepaid customers getting free “lifeline” data, albeit very limited.
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Fibre network operators Vumatel and SA Digital Villages will in future operate as a single entity following the transfer of the SADV wholesale fibre assets to Vumatel.
Eskom has told operators of some independent wind-power plants that it won’t need their power at certain times of day due to lower demand amid a national shutdown.
Telkom will fight the South African Revenue Service in the constitutional court after an adverse judgment handed down against it at the supreme court of appeal that could severely dent its cash flow.
A recent court decision has come as big blow to Telkom. A judgment handed down on 25 March by the supreme court of appeal held that a R3.9-billion foreign exchange loss and a R136-million incentive bonus were not deductible.
A bad start to the year for stocks? That hasn’t applied to Naspers, as the coronavirus confined hundreds of millions of consumers indoors, driving demand for online services and entertainment.
MTN Group will push on with a plan to reduce its majority stake in its Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated.
MTN Group CEO Rob Shuter was paid R58.2-million in the 2019 financial year, a 35.7% increase on his total remuneration for 2018, but even these generous rewards were not enough to keep him.
The JSE is launching virtual annual general meetings in South Africa to allow investors to engage with shareholders during the Covid-19 pandemic.
After weeks of brutal selling, technical gauges are signalling potentially positive developments ahead for battered crypto assets.